Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.021%

Price spread now: Gate against dYdX−0.007%7-day average −0.027% · you buy dearer than you sell

Net, funding: paid 7d − costs−$276as in the Funding arb table

Net, price: spread back to 7d avg − costs−$286as in the Price arb table

costs, in and out, $10k−$2882.882% of the position

Long on dYdX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.117%+$12 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now −0.007%, 7d avg −0.027%

Together, before fees+0.115%+$12 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Gate is 0.020% dearer against dYdX than usual: you sell high and buy low: +$2 more if the spread goes back to its 7-day average of −0.027%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2464	0	get 0.0000% / 1h	1m 48s	$203K	$2K	10x
Short	Gate ADA_USDT	0.2464	0.0100	get 0.0100% / 8h	3h 01m	$99.8M	$63.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.007%Rate

Funding earned: $21
Price spread: −0.007% → −0.027%: $2
Slippage, 4 orders: −$263.21
Fee dYdX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$265.21
Costs to cover: 2.882%
Break-even: 95.4 days

Slippage from dYdX: live order book, 52 min ago; Gate: live order book, 2 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, 52 min ago	125.97 bp	131.0 bp −$131	134.4 bp −$1,344	142.6 bp −$14.3K	162.1 bp −$81.0K
Sell Gate live order book, 2 min ago	2.03 bp	13.5 bp −$13	17.1 bp −$171	91.3 bp −$9,125	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	0.2464	long leg	$203K	$2K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2466	+0.074%	$136K	$6.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	+0.011%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2466	+0.063%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.277%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2465	+0.033%	$404K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2467	+0.123%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2466	+0.067%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2466	+0.073%	$158K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2465	+0.050%	$103.8M	$391.7M	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	0.2465	+0.033%	$73.7M	$116.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2466	+0.074%	$33.0M	$111.7M	50x	as long as short
Gate ADA_USDTshort	+0.0100%	8h	0.2464	−0.007%	$99.8M	$63.3M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2465	+0.033%	$59.1M	$62.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	+0.054%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	+0.033%	$66.9M	$51.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2465	+0.033%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	+0.401%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2474	+0.402%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2473	+0.366%	$290K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2469	+0.196%	$228K	$757K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2466	+0.066%	$93K	$632K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	+0.033%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.064%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	+0.154%	$8K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	+0.054%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.075%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2465	+0.033%	$48.1M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2466	+0.078%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2464	+0.007%	$536K	$1.8M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0121%	1h	0.2465	+0.049%	$123K	$471K	15x	as long as short
Phoenix ADA	+0.0161%	1h	0.2475	+0.431%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2476	+0.480%	$4.5M	$5.8M	75x	as long as short
Hyperliquid ADA	+0.0232%	1h	0.2467	+0.106%	$43.9M	$16.3M	10x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2466	+0.054%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0318%	1h	0.2466	+0.078%	$606K	$533K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0585%	1h	0.2465	+0.019%	$140K	—	100x	as long as short