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: HTX against edgeX+0.345%77s7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as 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−$450.446% of the position

Long on edgeX Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.074%−$7 · spread now +0.345%, 7d avg +0.028%

Together, before fees−0.074%+ Points / potential airdropedgeX: Active · farm board−$7 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: HTX is 0.317% dearer against edgeX than usual: you sell high and buy low, +$32 on $10k if it goes back to its 7-day average of +0.028%. The two prices were read 77 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	0.2454	0.0100	pay 0.0050% / 4h	1h 04m	$65K	$280K	20x
Short	HTX ADA-USDT	0.2462	0.0100	get 0.0100% / 8h	1h 04m	$1.3M	$5.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.345%Rate

Funding earned: $0
Price spread: +0.345% → +0.028%: $31.65
Slippage, 4 orders: −$23.64
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee HTX: 6 bp × 2 orders: −$12
Net: −$12.99
Costs to cover: 0.446%
Break-even: never at this rate

Slippage from edgeX: live order book, 13 min ago; HTX: live order book, 5 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, 13 min ago	6.10 bp	10.6 bp −$11	25.0 bp −$250	doesn't fit	doesn't fit
Sell HTX live order book, 5 min ago	3.48 bp	11.1 bp −$11	20.7 bp −$207	52.4 bp −$5,235	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	0.2460	+0.269%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	+0.302%	$171K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	+0.284%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2458	+0.180%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2461	+0.306%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2462	+0.355%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2461	+0.306%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	+0.277%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.290%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.343%	$102.3M	$360.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2461	+0.302%	$71.7M	$102.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	+0.343%	$31.9M	$106.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2459	+0.221%	$97.2M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2462	+0.343%	$53.0M	$51.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	+0.306%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	+0.343%	$66.1M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2461	+0.302%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.384%	$108K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2457	+0.146%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2454	long leg	$65K	$280K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	+0.095%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	−0.024%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	+0.249%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.302%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2461	+0.315%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.343%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2461	+0.302%	$338	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2462	+0.345%	$1.3M	$5.3M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2462	+0.343%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2460	+0.263%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	+0.283%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2458	+0.192%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.221%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2460	+0.265%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.710%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2461	+0.290%	$122K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1376%	1h	0.2464	+0.433%	$481K	$393K	50x	as long as short