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+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.029%
Price spread now: Polymarket Perps against gTrade (Gains Network)+0.029%7-day average · you sell dearer than you buy
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 feesneeds both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Polymarket Perps is 0.029% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$3 more if the spread goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ADA/USD0.2463L +0.0005% / S −0.0003%pay 0.0001% / 1h18m 18s$84K150x
ShortPolymarket Perps ADA-USD0.24640.0100get 0.0013% / 1h18m 18s$94K$689K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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

Funding earned
$20.01
Price spread: +0.029% → 0.000%
$2.92
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
$4.93
Costs to cover
0.180%
Break-even
5.3 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Polymarket Perps: live order book, 40 min ago. 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 gTrade (Gains Network) no order-book sample
Sell Polymarket Perps live order book, 40 min ago4.29 bp8.3 bp −$811.8 bp −$118doesn't fitdoesn't fit
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%1h0.2464+0.007%$203K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2468+0.188%$154K$6.2M3.2xas long as short
gTrade (Gains Network) ADA/USDlongL +0.0005% / S −0.0003%1h0.2463long leg$84K150x
Injective ADA/USDC PERP+0.0033%1h0.2471+0.309%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2463−0.015%$428K$7.7M50xas long as short
Kraken Futures PF_ADAUSD+0.0092%1h0.2464+0.045%$6.3M$12.7M50xas long as short
Lighter ADA+0.0096%1h0.2466+0.123%$2.4M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2464+0.032%$1.2M$986K75xas long as short
Pacifica ADA+0.0100%1h0.2464+0.021%$160K$160K10xas long as short
Binance ADAUSDT+0.0100%8h0.2465+0.054%$104.4M$370.1M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2465+0.066%$71.9M$108.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2468+0.188%$32.9M$105.3M50xas long as short
Gate ADA_USDT+0.0100%8h0.2463−0.015%$98.3M$59.7M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2465+0.066%$61.7M$60.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2464+0.017%$29.8M$15.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2465+0.066%$66.4M$49.5M75xas long as short
BingX ADA-USDT+0.0100%8h0.2464+0.025%$20.0Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2465+0.086%$125K$442K15xas long as short
Variational Omni ADA+0.0100%8h0.2467+0.149%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2471+0.299%$66K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2470+0.269%$300K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2469+0.228%$228K$746K50xas long as short
Polymarket Perps ADA-USDshort+0.0100%1h0.2464+0.029%$94K$689K10x
Orderly PERP_ADA_USDC+0.0100%8h0.2464+0.025%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2465+0.061%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2465+0.064%$9K$729K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2465+0.045%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2464+0.008%$1.3M$6.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2465+0.066%$48.1M$6.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2464+0.019%$537K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0110%8h0.2465+0.063%$21K$25020xas long as short
Hyperliquid ADA+0.0185%1h0.2466+0.094%$42.8M$14.7M10xas long as short
Phoenix ADA+0.0195%1h0.2471+0.293%$4K$100K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2467+0.147%$4.3M$5.8M75xas long as short
Reya ADARUSDPERP+0.0278%1h0.2463+0.004%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0481%1h0.2465+0.078%$598K$488K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0595% / S −0.0547%1h0.2463−0.014%$133K100xas long as short