Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against Bybit−0.020%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Bybit Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.020% cheaper against Bybit than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2464	0.0100	pay 0.0100% / 8h	7h 29m	$72.3M	$104.1M	75x
Short	gTrade (Gains Network) ADA/USD	0.2464	L +0.0005% / S −0.0003%	get 0.0000% / 1h	29m 30s	$85K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.020%Rate

Funding earned: −$20.34
Price spread: −0.020% → 0.000%: −$2.03
Slippage, 4 orders: no order book: not counted
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$43.37
Costs to cover: 0.210%
Break-even: never at this rate

Slippage unknown: Bybit: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	2.03 bp	7.5 bp −$8	10.3 bp −$103	29.2 bp −$2,917	143.8 bp −$71.9K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2465	+0.025%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2468	+0.162%	$184K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2464	−0.020%	$85K	—	150x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.284%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2464	0.000%	$420K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2466	+0.076%	$6.2M	$11.7M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2467	+0.106%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2466	+0.081%	$1.2M	$946K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2466	+0.091%	$161K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2465	+0.052%	$102.8M	$365.3M	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	0.2464	long leg	$72.3M	$104.1M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.041%	$32.6M	$107.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2464	0.000%	$98.1M	$58.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2465	+0.041%	$53.1M	$51.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2466	+0.069%	$30.2M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2466	+0.081%	$66.0M	$44.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2465	+0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2467	+0.118%	$119K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.248%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2471	+0.267%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2472	+0.315%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	+0.081%	$56K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	+0.053%	$94K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	0.000%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.095%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2469	+0.202%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2467	+0.101%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.088%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2465	+0.041%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0102%	8h	0.2465	+0.059%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	+0.039%	$546K	$1.8M	50x	as long as short
Lighter ADA	+0.0112%	1h	0.2467	+0.126%	$2.5M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0166%	1h	0.2468	+0.179%	$43.1M	$14.5M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2472	+0.325%	$4.4M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0277%	1h	0.2467	+0.106%	$496K	$434K	50x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2466	+0.082%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0626% / S −0.0393%	1h	0.2465	+0.040%	$142K	—	100x	as long as short