Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Polymarket Perps against edgeX−0.149%64s7-day average +0.005% · you buy dearer than you sell
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$370.368% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.267%−$27 on $10k
Price spread, last 4 days (all we have)+0.228%+$23 · spread now −0.149%, 7d avg +0.005%
Together, before fees−0.039%+ Points / potential airdropedgeX: Active · farm board−$4 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: Polymarket Perps is 0.154% cheaper against edgeX than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.005%. The two prices were read 64 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ADAUSDC0.24660.0100pay 0.0050% / 4h2h 22m$65K$282K20x
ShortPolymarket Perps ADA-USD0.24630.0100get 0.0013% / 1h22m 00s$93K$669K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$0
Price spread: −0.149% → +0.005%
−$15.44
Slippage, 4 orders
−$19.76
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$52.19
Costs to cover
0.368%
Break-even
never at this rate
Slippage from edgeX: live order book, 46 min ago; Polymarket Perps: live order book, 46 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy edgeX live order book, 46 min ago6.05 bp10.9 bp −$1129.8 bp −$298doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 46 min ago2.42 bp6.8 bp −$78.6 bp −$86doesn't fitdoesn't fit

ADA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2463−0.151%$203K$3K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2460−0.265%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.191%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0048%1h0.2462−0.174%$406K$7.4M50xas long as short
Hyperliquid ADA+0.0100%1h0.2460−0.239%$42.9M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2461−0.226%$1.2M$970K75xas long as short
Pacifica ADA+0.0100%1h0.2463−0.115%$159K$156K10xas long as short
Binance ADAUSDT+0.0100%8h0.2459−0.281%$103.1M$372.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2457−0.377%$72.2M$108.1M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2457−0.377%$32.7M$107.4M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2458−0.336%$98.0M$60.0M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2458−0.336%$58.6M$52.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2460−0.247%$30.0M$17.6M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2459−0.295%$65.8M$47.0M75xas long as short
BingX ADA-USDT+0.0100%8h0.2460−0.255%$20.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2459−0.291%$127K$413K15xas long as short
Variational Omni ADA+0.0100%8h0.2469+0.114%$4.2M$992Kas long as short
edgeX ADAUSDClong+0.0100%4h0.2466long leg$65K$282K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2466−0.012%$301K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2467+0.029%$56K$588K50xas long as short
Polymarket Perps ADA-USDshort+0.0100%1h0.2463−0.149%$93K$669K10x
Orderly PERP_ADA_USDC+0.0100%8h0.2460−0.255%$6K$27K20xas long as short
Derive ADA-PERP+0.0100%1h0.2461−0.224%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2463−0.135%$9K$763K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2460−0.275%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2463−0.134%$1.3M$5.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2458−0.336%$47.8M$6.3M50xas long as short
Extended ADA-USD+0.0104%1h0.2460−0.261%$535K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0106%8h0.2465−0.060%$21K$25020xas long as short
Kalshi KXADAPERP+0.0111%8h0.2465−0.052%$146K$6.3M3.2xas long as short
Phoenix ADA+0.0163%1h0.2470+0.130%$4K$87K10xas long as short
Lighter ADA+0.0184%1h0.2461−0.231%$2.4M$1.0M10xas long as short
Reya ADARUSDPERP+0.0281%1h0.2463−0.153%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0319%1h0.2461−0.210%$503K$470K50xas long as short
Kraken Futures PF_ADAUSD+0.0353%1h0.2458−0.319%$6.2M$12.1M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0416% / S −0.0202%1h0.2460−0.262%$95K100xas long as short