Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Bybit+0.138%81s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$360.363% of the position

Long on Bybit Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 4 days (all we have)−0.016%−$2 · spread now +0.138%, 7d avg +0.012%

Together, before fees+0.062%+ Points / potential airdropedgeX: Active · farm board+$6 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.126% dearer against Bybit than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 81 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2472	0.0100	pay 0.0100% / 8h	4h 24m	$72.1M	$108.6M	75x
Short	edgeX ADAUSDC	0.2475	0.0100	get 0.0050% / 4h	24m 10s	$66K	$283K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Bybit. 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 BybitbpFee edgeXbpOrdersPrice spread, now +0.138%Rate

Funding earned: $0
Price spread: +0.138% → +0.012%: $12.58
Slippage, 4 orders: −$16.28
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$23.7
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Bybit: live order book, 5 min ago; edgeX: live order book, 34 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 Bybit live order book, 5 min ago	2.02 bp	7.5 bp −$8	12.0 bp −$120	31.1 bp −$3,106	doesn't fit
Sell edgeX live order book, 34 min ago	6.12 bp	10.6 bp −$11	26.1 bp −$261	doesn't fit	doesn't fit

ADA on 37 venues

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-USD	0.0000%	1h	0.2472	−0.019%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	0.000%	$149K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	−0.025%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.040%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2471	−0.040%	$425K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2472	+0.015%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2475	+0.109%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2473	+0.022%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2472	−0.015%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2473	+0.024%	$104.8M	$370.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDTlong	+0.0100%	8h	0.2472	long leg	$72.1M	$108.6M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2474	+0.081%	$33.0M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2470	−0.081%	$98.6M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2472	0.000%	$60.2M	$60.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2472	0.000%	$29.9M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2472	0.000%	$66.6M	$49.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2473	+0.040%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2472	−0.016%	$125K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	−0.079%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2475	+0.138%	$66K	$283K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2475	+0.122%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2473	+0.040%	$228K	$744K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2473	+0.024%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2472	0.000%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2473	+0.021%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2475	+0.121%	$8K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.020%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2473	+0.037%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2472	0.000%	$48.2M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	−0.046%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2474	+0.069%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0191%	1h	0.2474	+0.089%	$43.0M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2482	+0.384%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2473	+0.040%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2472	+0.020%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0478%	1h	0.2473	+0.032%	$600K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0596% / S −0.0547%	1h	0.2471	−0.052%	$133K	—	100x	as long as short