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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC−0.0101%/8h= −11.0% APRnext payment $0.13 per $10,000 · paid last 24h −0.027%
Price spread now: gTrade (Gains Network) against Extended−0.061%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.061% cheaper against Extended than usual: you would sell low and buy high (−$6 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ADA-USD0.24690.0104pay 0.0013% / 1h20m 19s$537K$1.8M50x
ShortgTrade (Gains Network) ADA/USD0.2467L +0.0005% / S −0.0003%get 0.0000% / 1h20m 19s$84K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$21.19
Price spread: −0.061% → 0.000%
−$6.11
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$42.3
Costs to cover
0.150%
Break-even
never at this rate
Slippage unknown: Extended: live order book, 3 min ago; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 3 min ago2.03 bp4.5 bp −$59.6 bp −$96doesn't fitdoesn't fit
Sell gTrade (Gains Network) no order-book sample
gTrade (Gains Network): 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 37 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%1h0.2470+0.027%$203K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2468−0.035%$154K$6.2M3.2xas long as short
gTrade (Gains Network) ADA/USDshortL +0.0005% / S −0.0003%1h0.2467−0.061%$84K150x
Injective ADA/USDC PERP+0.0033%1h0.2471+0.087%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2470+0.046%$427K$7.7M50xas long as short
Kraken Futures PF_ADAUSD+0.0092%1h0.2470+0.031%$6.3M$12.7M50xas long as short
Lighter ADA+0.0096%1h0.2472+0.123%$2.4M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2470+0.046%$1.2M$985K75xas long as short
Pacifica ADA+0.0100%1h0.2470+0.062%$160K$160K10xas long as short
Binance ADAUSDT+0.0100%8h0.2468−0.035%$104.5M$370.0M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2466−0.116%$71.9M$108.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2469+0.006%$33.0M$105.3M50xas long as short
Gate ADA_USDT+0.0100%8h0.2466−0.116%$98.5M$59.7M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2468−0.035%$61.5M$60.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2467−0.063%$29.8M$15.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2468−0.035%$66.5M$49.5M75xas long as short
BingX ADA-USDT+0.0100%8h0.2467−0.075%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2470+0.026%$125K$443K15xas long as short
Variational Omni ADA+0.0100%8h0.2467−0.073%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2471+0.077%$66K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2470+0.046%$300K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2473+0.168%$228K$745K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2468−0.051%$95K$688K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2468−0.035%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2470+0.030%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2470+0.046%$9K$728K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2470+0.026%$340$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2469+0.011%$1.3M$6.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2469+0.006%$48.2M$6.6M50xas long as short
Extended ADA-USDlong+0.0104%1h0.2469long leg$537K$1.8M50x
Paradex ADA-USD-PERP+0.0110%8h0.2470+0.054%$21K$25020xas long as short
Hyperliquid ADA+0.0188%1h0.2469+0.014%$42.9M$14.7M10xas long as short
Phoenix ADA+0.0195%1h0.2475+0.229%$4K$100K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2472+0.127%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0278%1h0.2466−0.097%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0560%1h0.2470+0.058%$599K$488K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0595% / S −0.0547%1h0.2467−0.078%$133K100xas long as short