Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%

Price spread now: dYdX against edgeX+0.021%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$288as in the Funding arb table

Net, price: spread back to 7d avg − costs−$267as in the Price arb table

costs, in and out, $10k−$2692.694% of the position

Long on edgeX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)−0.063%−$6 · spread now +0.021%, 7d avg −0.008%

Together, before fees−0.246%+ Points / potential airdropedgeX: Active · farm board−$25 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.029% dearer against edgeX than usual: you sell high and buy low (spread +0.021% now, against its 7-day average of −0.008%): +$3 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2435	0.0100	pay 0.0050% / 4h	23m 18s	$65K	$281K	20x
Short	dYdX ADA-USD	0.2436	0	get 0.0000% / 1h	23m 18s	$200K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.021%Rate

Funding earned: −$21
Price spread: +0.021% → −0.008%: $2.89
Slippage, 4 orders: −$250.45
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$287.56
Costs to cover: 2.694%
Break-even: never at this rate

Slippage from edgeX: live order book, 54 min ago; dYdX: live order book, 56 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, 54 min ago	6.10 bp	10.6 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell dYdX live order book, 56 min ago	83.35 bp	131.7 bp −$132	169.5 bp −$1,695	173.3 bp −$17.3K	182.1 bp −$91.0K

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-USDshort	0.0000%	1h	0.2436	+0.021%	$200K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2436	+0.033%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2437	+0.056%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2436	+0.033%	$402K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2439	+0.168%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2437	+0.094%	$42.2M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2437	+0.087%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2436	+0.016%	$156K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2438	+0.124%	$101.2M	$364.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2438	+0.115%	$70.9M	$103.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	+0.197%	$32.2M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2435	−0.009%	$96.7M	$60.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2437	+0.074%	$51.9M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2435	+0.012%	$29.8M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2437	+0.074%	$65.5M	$43.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2437	+0.074%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2434	−0.037%	$103K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	+0.083%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2435	long leg	$65K	$281K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	+0.140%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2434	−0.050%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2436	+0.028%	$92K	$638K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2437	+0.074%	$6K	$31K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2437	+0.094%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2438	+0.113%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2437	+0.094%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2435	+0.011%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2437	+0.074%	$47.6M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2436	+0.018%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2437	+0.075%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2438	+0.100%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2440	+0.184%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2436	+0.033%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.470%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2437	+0.055%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2436	+0.044%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.3484%	1h	0.2446	+0.456%	$492K	$430K	50x	as long as short