Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.009%

Price spread now: Bitget against Extended+0.002%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$290.290% of the position

Long on Extended Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.053%+$5 on $10k

Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.002%, 7d avg +0.023%

Together, before fees+0.060%+ Points / potential airdropExtended: Active · farm board+$6 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: Bitget is 0.021% cheaper against Extended than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2476	0.0104	pay 0.0013% / 1h	11m 17s	$540K	$1.8M	50x
Short	Bitget ADAUSDT	0.2476	0.0100	get 0.0100% / 8h	7h 11m	$66.9M	$44.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget against Extended. 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 ExtendedbpFee BitgetbpOrdersPrice spread, now +0.002%Rate

Funding earned: −$0.84
Price spread: +0.002% → +0.023%: −$2.06
Slippage, 4 orders: −$12.03
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$31.93
Costs to cover: 0.290%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; Bitget: 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 Extended live order book, 2 min ago	2.01 bp	4.5 bp −$5	9.7 bp −$97	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.01 bp	12.0 bp −$12	15.5 bp −$155	33.0 bp −$3,300	92.6 bp −$46.3K

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	0.2478	+0.095%	$204K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2479	+0.123%	$196K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2477	+0.062%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.200%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2479	+0.123%	$426K	$7.4M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2476	+0.003%	$6.3M	$11.8M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2484	+0.317%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2478	+0.102%	$1.2M	$956K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2479	+0.132%	$159K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2477	+0.026%	$103.3M	$367.7M	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	0.2476	+0.002%	$72.6M	$105.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2477	+0.043%	$32.8M	$107.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2478	+0.083%	$99.0M	$59.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2476	+0.002%	$54.3M	$52.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2476	−0.002%	$30.4M	$17.9M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2476	+0.002%	$66.9M	$44.9M	75x
BingX ADA-USDC	+0.0100%	8h	0.2476	+0.002%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2477	+0.031%	$137K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2477	+0.046%	$4.3M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2480	+0.183%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2483	+0.284%	$294K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2485	+0.366%	$56K	$585K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2478	+0.099%	$94K	$650K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2476	+0.002%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2476	+0.014%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2480	+0.163%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2476	+0.006%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2476	−0.004%	$1.3M	$5.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2477	+0.043%	$48.4M	$5.7M	50x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2476	long leg	$540K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0105%	8h	0.2481	+0.202%	$21K	$250	20x	as long as short
Lighter ADA	+0.0176%	1h	0.2478	+0.075%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2480	+0.164%	$4.4M	$5.7M	75x	as long as short
Hyperliquid ADA	+0.0242%	1h	0.2481	+0.188%	$43.3M	$14.3M	10x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2479	+0.125%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0477%	1h	0.2477	+0.035%	$499K	$451K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0393%	1h	0.2476	+0.016%	$143K	—	100x	as long as short