Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against edgeX−0.579%7-day average +0.003% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$94as in the Price arb table
costs, in and out, $10k−$360.359% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)+0.426%+$43 · spread now −0.579%, 7d avg +0.003%
=Together, before fees+0.238%+ Points / potential airdropedgeX: Active · farm board+$24 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: Backpack is 0.581% cheaper against edgeX than usual: you would sell low and buy high, −$58 on $10k if it goes back to its 7-day average of +0.003%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ADAUSDC | 0.2459 | 0.0100 | pay 0.0050% / 4h | 48m 32s | $65K | $283K | 20x |
| Short | Backpack ADA_USDC_PERP | 0.2444 | 0.0100 | get 0.0013% / 1h | 48m 32s | $124K | $443K | 15x |
edgeX ADAUSDC
Backpack ADA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against edgeX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.579% → +0.003%
- −$58.11
- Slippage, 4 orders
- −$16.86
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$93.97
- Costs to cover
- 0.359%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 9 min ago; Backpack: live order book, 10 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 edgeX live order book, 9 min ago | 6.12 bp | 10.6 bp −$11 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Backpack live order book, 10 min ago | 0.81 bp | 6.2 bp −$6 | 7.7 bp −$77 | 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-USD | 0.0000% | 1h | 0.2444 | −0.591% | $201K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2448 | −0.428% | $153K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2444 | −0.575% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.507% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2445 | −0.550% | $429K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0093% | 1h | 0.2445 | −0.562% | $6.2M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2446 | −0.501% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2445 | −0.550% | $1.2M | $982K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2445 | −0.553% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2447 | −0.469% | $103.4M | $372.7M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2446 | −0.509% | $71.3M | $111.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2446 | −0.509% | $32.5M | $105.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2445 | −0.550% | $97.9M | $58.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2446 | −0.509% | $60.9M | $59.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2446 | −0.522% | $29.6M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2445 | −0.550% | $65.7M | $50.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2446 | −0.509% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERPshort | +0.0100% | 1h | 0.2444 | −0.579% | $124K | $443K | 15x | |
| Variational Omni ADA | +0.0100% | 8h | 0.2448 | −0.425% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDClong | +0.0100% | 4h | 0.2459 | long leg | $65K | $283K | 20x | |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2458 | −0.037% | $287K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2449 | −0.387% | $226K | $741K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2446 | −0.522% | $92K | $685K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2444 | −0.591% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2444 | −0.572% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2446 | −0.508% | $9K | $740K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2445 | −0.554% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2445 | −0.563% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2445 | −0.550% | $47.6M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | −0.536% | $530K | $1.8M | 50x | as long as short |
| Hyperliquid ADA | +0.0106% | 1h | 0.2447 | −0.452% | $42.5M | $14.9M | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.0106% | 8h | 0.2445 | −0.532% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2450 | −0.347% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2446 | −0.509% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2444 | −0.571% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0390% / S −0.0214% | 1h | 0.2444 | −0.602% | $92K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0446% | 1h | 0.2445 | −0.546% | $591K | $493K | 50x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Hyperliquid ADA
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL