Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Bybit against edgeX−0.483%61s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as 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−$360.363% of the position

Long on edgeX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 3 days (all we have)+0.412%+$41 · spread now −0.483%, 7d avg −0.009%

Together, before fees+0.333%+ Points / potential airdropedgeX: Active · farm board+$33 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: Bybit is 0.473% cheaper against edgeX than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 61 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	0.2459	0.0100	pay 0.0050% / 4h	1h 30m	$66K	$281K	20x
Short	Bybit ADAUSDT	0.2447	0.0100	get 0.0100% / 8h	1h 30m	$70.8M	$101.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now −0.483%Rate

Funding earned: $0
Price spread: −0.483% → −0.009%: −$47.35
Slippage, 4 orders: −$16.26
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$83.61
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from edgeX: live order book, 52 min ago; Bybit: 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, 52 min ago	6.10 bp	10.6 bp −$11	26.8 bp −$268	doesn't fit	doesn't fit
Sell Bybit live order book, 3 min ago	2.03 bp	7.5 bp −$8	11.7 bp −$117	33.1 bp −$3,312	133.8 bp −$66.9K

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	0.2447	−0.494%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	−0.320%	$171K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	−0.320%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2450	−0.361%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2449	−0.421%	$6.1M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2449	−0.409%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2447	−0.466%	$42.4M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2448	−0.424%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2448	−0.456%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2448	−0.432%	$101.5M	$358.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDTshort	+0.0100%	8h	0.2447	−0.483%	$70.8M	$101.1M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2447	−0.483%	$31.7M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2447	−0.483%	$96.5M	$58.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2448	−0.442%	$52.6M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	−0.478%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2448	−0.442%	$65.6M	$43.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2449	−0.401%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	−0.381%	$102K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2463	+0.177%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2459	long leg	$66K	$281K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	+0.185%	$289K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2459	+0.005%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	−0.462%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	−0.401%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	−0.369%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	−0.361%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2449	−0.397%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	−0.332%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.401%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2448	−0.422%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2448	−0.439%	$554K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0118%	1h	0.2450	−0.381%	$476K	$350K	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2460	+0.066%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	−0.239%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2448	−0.458%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.494%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2451	−0.319%	$122K	—	100x	as long as short