Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.003%

Price spread now: edgeX against Gate−0.078%82s7-day average +0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as 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−$440.443% of the position

Long on Gate Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)+0.088%+$9 · spread now −0.078%, 7d avg +0.034%

Together, before fees+0.160%+ Points / potential airdropedgeX: Active · farm board+$16 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 0.112% cheaper against Gate than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.034%. The two prices were read 82 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	Gate ADA_USDT	0.2470	0.0100	pay 0.0100% / 8h	50m 04s	$97.8M	$59.2M	75x
Short	edgeX ADAUSDC	0.2468	0.0100	get 0.0050% / 4h	50m 04s	$66K	$280K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against Gate. 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 GatebpFee edgeXbpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → +0.034%: −$11.2
Slippage, 4 orders: −$20.29
Fee Gate: 7.5 bp × 2 orders: −$15
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$55.49
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from Gate: live order book, 4 min ago; edgeX: live order book, 28 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 Gate live order book, 4 min ago	2.03 bp	13.6 bp −$14	19.4 bp −$194	85.5 bp −$8,553	doesn't fit
Sell edgeX live order book, 28 min ago	6.10 bp	10.6 bp −$11	28.6 bp −$286	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
dYdX ADA-USD	0.0000%	1h	0.2474	+0.177%	$204K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2473	+0.121%	$161K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2472	+0.063%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2473	+0.121%	$413K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2472	+0.081%	$2.5M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2472	+0.081%	$42.8M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2471	+0.040%	$1.2M	$925K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2475	+0.182%	$158K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2471	+0.029%	$102.8M	$361.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2471	+0.040%	$72.0M	$102.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	+0.121%	$32.6M	$107.4M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2470	long leg	$97.8M	$59.2M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2470	0.000%	$53.2M	$50.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	+0.053%	$30.3M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2471	+0.040%	$66.2M	$43.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2470	0.000%	—	$18.0M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	+0.170%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2468	−0.078%	$66K	$280K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2468	−0.081%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2472	+0.081%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2473	+0.121%	$97K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	+0.040%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2471	+0.041%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2474	+0.161%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2470	+0.008%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2474	+0.148%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2469	−0.040%	$48.2M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2475	+0.208%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	+0.041%	$561K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2470	+0.008%	$6.2M	$11.5M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2468	−0.077%	$4K	$78K	10x	as long as short
Backpack ADA_USDC_PERP	+0.0142%	1h	0.2471	+0.057%	$109K	$415K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2476	+0.243%	$4.4M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0236%	1h	0.2472	+0.073%	$490K	$410K	50x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.040%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2473	+0.125%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0568% / S −0.0313%	1h	0.2471	+0.038%	$123K	—	100x	as long as short