Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%
Price spread now: Variational Omni against dYdX−0.659%53s7-day average +0.015% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)+0.084%+$8 on $10k
Price spread, last 4 days (all we have)+0.798%+$80 · spread now −0.659%, 7d avg +0.015%
Together, before fees+0.882%+ Points / potential airdropVariational Omni: Active · farm board+$88 on $10k · with fees, hour by hour
Funding pays, the price is against you. Variational Omni is 0.674% cheaper against dYdX than usual: you would sell low and buy high (spread −0.659% now, against its 7-day average of +0.015%). If the spread goes back, that is −$67 on $10k: about 22 days of funding at the current rate (+$3 a day). The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ADA-USD0.25060get 0.0000% / 1h52m 45s$206K$2K10x
ShortVariational Omni ADA0.24890.0100get 0.0100% / 8h3h 52m$4.3M$1.1M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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

Funding earned
$21
Price spread: −0.659% → +0.015%
−$67.36
Slippage, 4 orders
no order book: not counted
Fee dYdX: 5 bp × 2 orders
−$10
Fee Variational Omni: 0 bp × 2 orders
$0
Net
−$56.36
Costs to cover
0.100%
Break-even
25.8 days
Slippage unknown: dYdX: live order book, 1 min ago; Variational Omni: RFQ quote, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy dYdX live order book, 1 min ago125.97 bp131.0 bp −$131134.4 bp −$1,344142.6 bp −$14.3K162.1 bp −$81.0K
Sell Variational Omni RFQ quote, 1 min ago8.00 bpdoesn't fit8.0 bp −$80doesn't fitdoesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USDlong0.0000%1h0.2506long leg$206K$2K10x
Kalshi KXADAPERP0.0000%8h0.2500−0.222%$285K$6.5M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2512+0.248%$89K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2515+0.376%$6.5M$12.6M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.380%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2513+0.296%$419K$8.1M50xas long as short
Aster ADAUSDT+0.0100%8h0.2508+0.112%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2507+0.045%$163K$160K10xas long as short
Binance ADAUSDT+0.0100%8h0.2507+0.057%$105.6M$378.0M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2506+0.017%$73.5M$109.9M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2508+0.097%$33.6M$108.9M50xas long as short
Gate ADA_USDT+0.0100%8h0.2506+0.017%$101.5M$59.5M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2507+0.057%$62.3M$60.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2507+0.057%$30.3M$15.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2507+0.057%$67.8M$50.2M75xas long as short
BingX ADA-USDT+0.0100%8h0.2507+0.057%$20.2Mas long as short
Variational Omni ADAshort+0.0100%8h0.2489−0.659%$4.3M$1.1M
edgeX ADAUSDC+0.0100%4h0.2494−0.451%$66K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2488−0.701%$292K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2496−0.382%$230K$748K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2509+0.137%$98K$694K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2514+0.336%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2514+0.342%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2516+0.413%$9K$733K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2515+0.356%$346$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2510+0.160%$1.4M$6.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2509+0.137%$49.0M$6.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2507+0.050%$544K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0115%8h0.2507+0.054%$21K$25020xas long as short
Lighter ADA+0.0136%1h0.2514+0.344%$2.5M$1.1M10xas long as short
Phoenix ADA+0.0161%1h0.2478−1.097%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2514+0.336%$4.6M$5.9M75xas long as short
Reya ADARUSDPERP+0.0278%1h0.2511+0.236%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0308%1h0.2511+0.233%$140K$452K15xas long as short
Hyperliquid ADA+0.0597%1h0.2509+0.141%$45.0M$15.9M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0600% / S −0.0547%1h0.2511+0.222%$135K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.0984%1h0.2515+0.372%$617K$496K50xas long as short