Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against Bybit+0.057%7-day average +0.024% · you sell dearer than you buy

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$370.375% of the position

Long on Bybit Short on HTX

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)+0.009%+$1 · spread now +0.057%, 7d avg +0.024%

Together, before fees+0.087%+$9 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: HTX is 0.033% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2449	0.0100	pay 0.0100% / 8h	1h 01m	$72.6M	$125.1M	75x
Short	HTX ADA-USDT	0.2450	0.0100	get 0.0100% / 8h	1h 01m	$1.3M	$7.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.057%Rate

Funding earned: $0
Price spread: +0.057% → +0.024%: $3.27
Slippage, 4 orders: −$14.46
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee HTX: 6 bp × 2 orders: −$12
Net: −$34.19
Costs to cover: 0.375%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; HTX: live order book, 3 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, 3 min ago	2.04 bp	7.7 bp −$8	12.3 bp −$123	33.8 bp −$3,384	205.3 bp −$102.6K
Sell HTX live order book, 3 min ago	0.02 bp	12.6 bp −$13	25.1 bp −$251	58.5 bp −$5,854	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
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.082%	$172K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	−0.027%	$84K	—	150x	as long as short
dYdX ADA-USD	+0.0030%	1h	0.2450	+0.021%	$202K	$2K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.898%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	0.000%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	0.000%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	+0.082%	$157K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	+0.054%	$103.3M	$407.4M	75x	as long as short
Bybit ADAUSDTlong	+0.0100%	8h	0.2449	long leg	$72.6M	$125.1M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2449	0.000%	$32.6M	$118.0M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2449	0.000%	$100.3M	$65.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	0.000%	$53.2M	$66.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2449	0.000%	$29.4M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	0.000%	$66.6M	$53.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2449	0.000%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2464	+0.615%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	+0.205%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	+0.204%	$299K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	+0.008%	$127K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	+0.227%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	+0.123%	$8K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	+0.041%	$337	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2450	+0.057%	$1.3M	$7.1M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2449	0.000%	$47.5M	$7.5M	50x	as long as short
ApeX Omni ADAUSDT	+0.0102%	1h	0.2462	+0.531%	$79K	$893K	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	+0.033%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2451	+0.092%	$21K	$250	20x	as long as short
Lighter ADA	+0.0120%	1h	0.2452	+0.102%	$2.4M	$1.0M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2453	+0.163%	$366K	$8.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0122%	1h	0.2450	+0.037%	$139K	$487K	15x	as long as short
Phoenix ADA	+0.0163%	1h	0.2453	+0.147%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0170%	1h	0.2450	+0.035%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	+0.082%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2449	0.000%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0277%	1h	0.2451	+0.078%	$43.1M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0567%	1h	0.2451	+0.069%	$624K	$616K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0602% / S −0.0679%	1h	0.2449	−0.014%	$156K	—	100x	as long as short