Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h 0.000%

Price spread now: edgeX against Extended+0.081%93s7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as 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−$300.302% of the position

Long on Extended Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.105%+$11 on $10k

Price spread, last 4 days (all we have)−0.048%−$5 · spread now +0.081%, 7d avg +0.031%

Together, before fees+0.058%+ Points / potential airdropExtended: Active · edgeX: 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: edgeX is 0.050% dearer against Extended than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.031%. The two prices were read 93 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	Extended ADA-USD	0.2447	0.0104	pay 0.0013% / 1h	57m 51s	$524K	$1.8M	50x
Short	edgeX ADAUSDC	0.2449	0.0100	get 0.0050% / 4h	1h 57m	$65K	$287K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.081%Rate

Funding earned: −$0.84
Price spread: +0.081% → +0.031%: $4.97
Slippage, 4 orders: −$16.24
Fee Extended: 2.5 bp × 2 orders: −$5
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$26.11
Costs to cover: 0.302%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; edgeX: live order book, 50 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, 1 min ago	2.04 bp	4.5 bp −$5	10.1 bp −$101	doesn't fit	doesn't fit
Sell edgeX live order book, 50 min ago	6.07 bp	10.6 bp −$11	28.1 bp −$281	doesn't fit	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
Kalshi KXADAPERP	0.0000%	8h	0.2448	+0.049%	$187K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2446	−0.022%	$84K	—	150x	as long as short
Phoenix ADA	+0.0032%	1h	0.2450	+0.127%	$4K	$104K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.989%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2446	−0.032%	$6K	$6K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	+0.076%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	+0.157%	$157K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2444	−0.099%	$102.9M	$410.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2447	+0.009%	$72.3M	$124.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2448	+0.049%	$32.5M	$118.5M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2446	−0.032%	$100.0M	$63.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2446	−0.032%	$52.0M	$64.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	−0.004%	$29.3M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2446	−0.032%	$66.4M	$53.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2447	+0.009%	—	$20.2M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.051%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2449	+0.081%	$65K	$287K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.051%	$288K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.131%	$82K	$889K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2450	+0.127%	$129K	$1.1M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2447	0.000%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	+0.209%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2446	−0.040%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2446	−0.022%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2446	−0.032%	$47.5M	$7.4M	50x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2447	long leg	$524K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0105%	8h	0.2450	+0.147%	$21K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2444	−0.114%	$377K	$8.6M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0170%	1h	0.2445	−0.079%	$6.3M	$13.8M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0206%	1h	0.2446	−0.032%	$137K	$484K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2447	+0.009%	$4.4M	$5.8M	75x	as long as short
Lighter ADA	+0.0240%	1h	0.2445	−0.073%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2449	+0.090%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0343%	1h	0.2449	+0.070%	$43.0M	$18.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0404%	1h	0.2447	+0.029%	$623K	$613K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0631% / S −0.0728%	1h	0.2447	−0.004%	$164K	—	100x	as long as short
dYdX ADA-USD	+0.1724%	1h	0.2449	+0.070%	$201K	$2K	10x	as long as short