Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 10:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%

Price spread now: dYdX against Bitget+0.012%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$245as in the Funding arb table

Net, price: spread back to 7d avg − costs−$230as in the Price arb table

costs, in and out, $10k−$2322.318% of the position

Long on Bitget Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.135%−$14 on $10k

Price spread, last 4 days (all we have)−0.025%−$2 · spread now +0.012%, 7d avg −0.003%

Together, before fees−0.160%−$16 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.003%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2482	0.0100	pay 0.0100% / 8h	6h 20m	$67.9M	$51.8M	75x
Short	dYdX ADA-USD	0.2482	0	get 0.0000% / 1h	20m 21s	$207K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Bitget. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BitgetbpFee dYdXbpOrdersPrice spread, now +0.012%Rate

Funding earned: −$21
Price spread: +0.012% → −0.003%: $1.5
Slippage, 4 orders: −$209.85
Fee Bitget: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$251.34
Costs to cover: 2.318%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; dYdX: live order book, 31 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Bitget live order book, 2 min ago	2.01 bp	8.0 bp −$8	14.8 bp −$148	28.4 bp −$2,840	doesn't fit
Sell dYdX live order book, 31 min ago	101.26 bp	106.3 bp −$106	120.0 bp −$1,200	122.2 bp −$12.2K	125.8 bp −$62.9K

ADA on 36 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USDshort	0.0000%	1h	0.2482	+0.012%	$207K	$5K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2486	+0.161%	$206K	$7.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2483	+0.052%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.443%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2483	+0.044%	$2.4M	$959K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2483	+0.027%	$1.2M	$1.3M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2482	+0.020%	$159K	$164K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2483	+0.040%	$106.5M	$394.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2481	−0.040%	$74.3M	$124.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2481	−0.040%	$33.0M	$112.2M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2481	−0.040%	$102.2M	$61.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2482	0.000%	$49.8M	$70.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2483	+0.036%	$29.8M	$15.6M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2482	long leg	$67.9M	$51.8M	75x
BingX ADA-USDT	+0.0100%	8h	0.2483	+0.040%	—	$19.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2484	+0.081%	$140K	$459K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2482	0.000%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2487	+0.193%	$66K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2485	+0.137%	$297K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2488	+0.242%	$72K	$899K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2482	+0.016%	$119K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2481	−0.040%	$6K	$4K	20x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2487	+0.201%	$8K	$702K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2483	+0.060%	$342	$6K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2484	+0.085%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2484	+0.081%	$48.0M	$7.7M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2482	−0.008%	$20K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2483	+0.030%	$547K	$1.7M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2484	+0.081%	$412K	$8.5M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0147%	1h	0.2484	+0.071%	$6.4M	$13.7M	50x	as long as short
Phoenix ADA	+0.0192%	1h	0.2483	+0.056%	$3K	$107K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2485	+0.121%	$4.6M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2481	−0.045%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0313%	1h	0.2485	+0.137%	$44.3M	$17.8M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0314%	1h	0.2485	+0.105%	$621K	$757K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2480	−0.060%	$88K	—	100x	as long as short