Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0096%/8h= +10.5% APRpaid last 24h +0.029%

Price spread now: Paradex against gTrade (Gains Network)+0.002%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on Paradex

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 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ADA/USD	0.2458	L +0.0005% / S −0.0003%	pay 0.0001% / 1h	46m 17s	$85K	—	150x
Short	Paradex ADA-USD-PERP	0.2458	0.0100	get 0.0100% / 8h	1h 46m	$21K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee ParadexbpOrdersPrice spread, now +0.002%Rate

Funding earned: $20.07
Price spread: +0.002% → 0.000%: $0.19
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: $6.26
Costs to cover: 0.140%
Break-even: 4.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Paradex: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Paradex no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Paradex: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2458	+0.018%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2458	+0.016%	$156K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USDlong	L +0.0005% / S −0.0003%	1h	0.2458	long leg	$85K	—	150x
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2456	−0.065%	$420K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2460	+0.079%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	+0.130%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2459	+0.041%	$42.6M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.019%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2458	0.000%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2460	+0.098%	$101.8M	$355.4M	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	+0.057%	$71.2M	$99.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	+0.138%	$31.9M	$105.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2457	−0.024%	$96.8M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	−0.024%	$53.0M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.012%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	+0.016%	$65.8M	$42.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2458	+0.016%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	−0.028%	$102K	$414K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	−0.257%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.194%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.269%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	−0.146%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	+0.008%	$97K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	+0.057%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.065%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	+0.057%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	+0.073%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.003%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.016%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0100%	8h	0.2458	+0.002%	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2460	+0.081%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2455	−0.118%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	−0.065%	$4.4M	$5.4M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0238%	1h	0.2460	+0.102%	$478K	$350K	50x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2458	+0.026%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.513%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2458	0.000%	$122K	—	100x	as long as short