Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%

Price spread now: OKX against Extended+0.061%7-day average +0.041% · you sell dearer than you buy

Net, funding: paid 7d − costs−$22as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$230.231% of the position

Long on Extended Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.013%+$1 on $10k

Price spread, last 4 days (all we have)+0.027%+$3 · spread now +0.061%, 7d avg +0.041%

Together, before fees+0.040%+ Points / potential airdropExtended: Active · farm board+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2459	0.0104	pay 0.0013% / 1h	15m 47s	$554K	$1.8M	50x
Short	OKX ADA-USDT-SWAP	0.2460	0.0100	get 0.0100% / 8h	1h 15m	$31.9M	$106.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.061%Rate

Funding earned: −$0.84
Price spread: +0.061% → +0.041%: $1.94
Slippage, 4 orders: −$8.13
Fee Extended: 2.5 bp × 2 orders: −$5
Fee OKX: 5 bp × 2 orders: −$10
Net: −$22.03
Costs to cover: 0.231%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; OKX: 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, 3 min ago	2.03 bp	4.5 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell OKX live order book, 3 min ago	2.03 bp	7.0 bp −$7	12.5 bp −$125	47.1 bp −$4,713	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
dYdX ADA-USD	0.0000%	1h	0.2458	−0.035%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2460	+0.061%	$154K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	+0.082%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2460	+0.061%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2460	+0.042%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2462	+0.130%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2461	+0.099%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2461	+0.083%	$1.2M	$921K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	+0.036%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2460	+0.077%	$102.1M	$360.5M	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	0.2459	+0.020%	$71.5M	$102.2M	75x	as long as short
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2460	+0.061%	$31.9M	$106.0M	50x
Gate ADA_USDT	+0.0100%	8h	0.2459	+0.020%	$97.2M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	+0.061%	$53.6M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.073%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.020%	$65.9M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2460	+0.061%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	+0.065%	$102K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.216%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−0.115%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−0.121%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.143%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.089%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.101%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.137%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.144%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.073%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2461	+0.093%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	+0.061%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2460	+0.056%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2459	long leg	$554K	$1.8M	50x
Phoenix ADA	+0.0131%	1h	0.2459	0.000%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2460	+0.061%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2461	+0.085%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.508%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0360%	1h	0.2462	+0.154%	$481K	$351K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2461	+0.092%	$122K	—	100x	as long as short