Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0007%/8h= +0.8% APRpaid last 24h 0.000%

Price spread now: Paradex against edgeX+0.517%52s7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on edgeX Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · Paradex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.517% dearer against edgeX than usual: you sell high and buy low, +$52 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 52 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	1h 55m	$65K	$284K	20x
Short	Paradex ADA-USD-PERP	0.2469	0.0107	get 0.0107% / 8h	5h 55m	$21K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now +0.517%Rate

Funding earned: $1.44
Price spread: +0.517% → 0.000%: $51.71
Slippage, 4 orders: no order book: not counted
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Paradex: 2 bp × 2 orders: −$4
Net: $40.15
Costs to cover: 0.130%
Break-even: from the start

Slippage unknown: edgeX: live order book, 7 min ago; Paradex: no order-book sample. Net counts fees only.

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, 7 min ago	6.10 bp	10.6 bp −$11	28.5 bp −$285	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2464	+0.306%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	+0.310%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.599%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2468	+0.477%	$412K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2463	+0.279%	$42.9M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	+0.151%	$1.2M	$983K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.321%	$158K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.058%	$103.2M	$366.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	+0.029%	$72.4M	$107.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2460	+0.152%	$32.7M	$105.7M	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	0.2457	+0.029%	$98.1M	$58.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2458	+0.070%	$64.3M	$53.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.131%	$29.9M	$17.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	+0.070%	$65.8M	$47.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2458	+0.070%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	+0.249%	$127K	$414K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	+0.440%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2456	long leg	$65K	$284K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	−0.052%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.052%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2468	+0.481%	$95K	$672K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	+0.314%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.381%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	+0.475%	$9K	$746K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	+0.327%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2468	+0.465%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	+0.192%	$47.9M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	+0.087%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0105%	8h	0.2468	+0.477%	$127K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERPshort	+0.0107%	8h	0.2469	+0.517%	$21K	$250	20x
Lighter ADA	+0.0120%	1h	0.2465	+0.335%	$2.5M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2454	−0.076%	$4K	$90K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2463	+0.271%	$6.2M	$12.2M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2467	+0.437%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0359%	1h	0.2466	+0.380%	$503K	$471K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2466	+0.377%	$96K	—	100x	as long as short