Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Bitget against edgeX+0.478%54s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$420.415% of the position

Long on edgeX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 4 days (all we have)−1.232%−$123 · spread now +0.478%, 7d avg −0.009%

Together, before fees−1.289%+ Points / potential airdropedgeX: Active · farm board−$129 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: Bitget is 0.487% dearer against edgeX than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 54 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2456	0.0100	pay 0.0050% / 4h	2h 26m	$65K	$281K	20x
Short	Bitget ADAUSDT	0.2468	0.0100	get 0.0100% / 8h	6h 26m	$66.0M	$46.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against edgeX. 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 edgeXbpFee BitgetbpOrdersPrice spread, now +0.478%Rate

Funding earned: $0
Price spread: +0.478% → −0.009%: $48.73
Slippage, 4 orders: −$20.53
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bitget: 6 bp × 2 orders: −$12
Net: $7.2
Costs to cover: 0.415%
Break-even: from the start

Slippage from edgeX: live order book, 41 min ago; Bitget: live order book, 3 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, 41 min ago	6.05 bp	10.9 bp −$11	29.8 bp −$298	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.04 bp	8.0 bp −$8	11.6 bp −$116	27.7 bp −$2,772	87.9 bp −$43.9K

ADA on 36 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	0.2468	+0.480%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	+0.370%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.600%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2459	+0.111%	$401K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2470	+0.576%	$43.1M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	+0.559%	$1.2M	$970K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	+0.529%	$160K	$156K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	+0.519%	$103.3M	$373.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2469	+0.519%	$72.6M	$108.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2469	+0.519%	$32.8M	$108.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2467	+0.437%	$98.4M	$59.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2469	+0.519%	$49.7M	$51.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2469	+0.510%	$30.2M	$17.6M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2468	+0.478%	$66.0M	$46.9M	75x
BingX ADA-USDT	+0.0100%	8h	0.2468	+0.478%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	+0.531%	$128K	$423K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.169%	$4.2M	$991K	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2456	long leg	$65K	$281K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	+0.027%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2458	+0.071%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2469	+0.498%	$94K	$666K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2468	+0.478%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2469	+0.536%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2466	+0.394%	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2468	+0.474%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.385%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	+0.437%	$48.0M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2468	+0.492%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2469	+0.519%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0111%	8h	0.2468	+0.478%	$140K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2461	+0.209%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0192%	1h	0.2471	+0.592%	$2.5M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2468	+0.478%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0352%	1h	0.2468	+0.464%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2465	+0.364%	$96K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0479%	1h	0.2470	+0.547%	$505K	$471K	50x	as long as short