Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%

Price spread now: edgeX against dYdX−0.014%7-day average +0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$262as in the Funding arb table

Net, price: spread back to 7d avg − costs−$283as in the Price arb table

costs, in and out, $10k−$2802.804% of the position

Long on dYdX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.183%+$18 on $10k

Price spread, last 4 days (all we have)+0.756%+$76 · spread now −0.014%, 7d avg +0.015%

Together, before fees+0.939%+ Points / potential airdropedgeX: Active · farm board+$94 on $10k · with fees, hour by hour

Funding pays, the price is against you. edgeX is 0.029% cheaper against dYdX than usual: you would sell low and buy high (spread −0.014% now, against its 7-day average of +0.015%). If the spread goes back, that is −$3 on $10k: about 23 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2439	0	get 0.0000% / 1h	19m 03s	$201K	$2K	10x
Short	edgeX ADAUSDC	0.2439	0.0100	get 0.0050% / 4h	19m 03s	$65K	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against dYdX. 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 dYdXbpFee edgeXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $21
Price spread: −0.014% → +0.015%: −$2.9
Slippage, 4 orders: −$261.45
Fee dYdX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$262.35
Costs to cover: 2.804%
Break-even: 94.4 days

Slippage from dYdX: live order book, 20 min ago; edgeX: live order book, 19 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 dYdX live order book, 20 min ago	122.10 bp	127.1 bp −$127	127.1 bp −$1,271	148.8 bp −$14.9K	424.7 bp −$212.4K
Sell edgeX live order book, 19 min ago	8.19 bp	13.6 bp −$14	35.9 bp −$359	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-USDlong	0.0000%	1h	0.2439	long leg	$201K	$2K	10x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	+0.124%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.296%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2445	+0.226%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	+0.148%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2444	+0.189%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2441	+0.078%	$156K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2445	+0.217%	$103.2M	$407.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2443	+0.148%	$72.7M	$126.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	+0.189%	$32.5M	$118.4M	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	0.2443	+0.148%	$99.8M	$65.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2444	+0.189%	$51.9M	$65.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2443	+0.152%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2444	+0.189%	$66.4M	$54.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2445	+0.230%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	+0.218%	$138K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.054%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2439	−0.014%	$65K	$287K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2440	+0.026%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2440	+0.025%	$77K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2443	+0.152%	$116K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	+0.050%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.207%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2444	+0.193%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2441	+0.086%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	+0.107%	$47.3M	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0101%	1h	0.2446	+0.263%	$43.0M	$18.1M	10x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2442	+0.095%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2443	+0.142%	$500K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2442	+0.107%	$245K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2440	+0.025%	$376K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2443	+0.148%	$4.5M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2441	+0.054%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2443	+0.149%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2444	+0.170%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2442	+0.113%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0692%	1h	0.2445	+0.222%	$623K	$614K	50x	as long as short