Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0063%/8h= +6.8% APRpaid last 24h +0.009%

Price spread now: Paradex against Coinbase International−0.045%7-day average — · you buy dearer than you sell

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

Long on Coinbase International Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Paradex is 0.045% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.045% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 2.4 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2470	0.0040	pay 0.0005% / 1h	30m 38s	$422K	$7.3M	50x
Short	Paradex ADA-USD-PERP	0.2469	0.0103	get 0.0103% / 8h	7h 30m	$21K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Coinbase International. 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 Coinbase InternationalbpFee ParadexbpOrdersPrice spread, now −0.045%Rate

Funding earned: $13.13
Price spread: −0.045% → 0.000%: −$4.53
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$5.4
Costs to cover: 0.140%
Break-even: 9.9 days

Slippage unknown: Coinbase International: live order book, 3 min ago; Paradex: 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 Coinbase International live order book, 3 min ago	4.06 bp	12.3 bp −$12	17.1 bp −$171	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	0.2467	−0.115%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2471	+0.040%	$184K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	+0.021%	$85K	—	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-INTXlong	+0.0040%	1h	0.2470	long leg	$422K	$7.3M	50x
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2469	−0.054%	$6.2M	$11.7M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2467	−0.138%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	+0.002%	$1.2M	$947K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	−0.059%	$159K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2468	−0.078%	$102.3M	$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 ADAUSDT	+0.0100%	8h	0.2468	−0.081%	$72.5M	$104.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2469	−0.040%	$32.6M	$107.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2468	−0.081%	$98.2M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2467	−0.121%	$52.8M	$51.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2468	−0.069%	$30.2M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2468	−0.081%	$66.3M	$44.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2468	−0.081%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	−0.040%	$119K	$409K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.005%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	−0.360%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2462	−0.327%	$288K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	−0.162%	$56K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2471	+0.040%	$94K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2469	−0.040%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2469	−0.026%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2470	−0.001%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2470	−0.020%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2472	+0.065%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2468	−0.081%	$48.2M	$5.8M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0103%	8h	0.2469	−0.045%	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2468	−0.082%	$550K	$1.8M	50x	as long as short
Lighter ADA	+0.0112%	1h	0.2470	0.000%	$2.5M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0159%	1h	0.2470	+0.016%	$43.2M	$14.5M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2472	+0.081%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2472	+0.062%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0317%	1h	0.2470	−0.008%	$496K	$434K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0627% / S −0.0393%	1h	0.2470	+0.006%	$142K	—	100x	as long as short