Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.026%

Price spread now: gTrade (Gains Network) against Gate+0.153%7-day average — · you sell dearer than you buy

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

Long on Gate Short on gTrade (Gains Network)

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—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.153% dearer against Gate than usual: you sell high and buy low (spread +0.153% now, against zero (this spread has no 7-day history yet)): +$15 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 5.3 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2456	0.0100	pay 0.0100% / 8h	6h 21m	$97.9M	$60.1M	75x
Short	gTrade (Gains Network) ADA/USD	0.2460	L +0.0005% / S −0.0003%	get 0.0000% / 1h	21m 56s	$84K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.153%Rate

Funding earned: −$20.35
Price spread: +0.153% → 0.000%: $15.27
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$30.08
Costs to cover: 0.250%
Break-even: never at this rate

Slippage unknown: Gate: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	2.03 bp	13.3 bp −$13	17.6 bp −$176	87.6 bp −$8,757	doesn'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 36 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	0.2463	+0.267%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2460	+0.153%	$84K	—	150x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.611%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2462	+0.244%	$406K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	+0.179%	$42.9M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2459	+0.127%	$1.2M	$970K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	+0.304%	$159K	$156K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2457	+0.058%	$103.0M	$372.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2456	0.000%	$72.2M	$108.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	+0.041%	$32.6M	$107.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDTlong	+0.0100%	8h	0.2456	long leg	$97.9M	$60.1M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2456	0.000%	$58.6M	$52.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.077%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	0.000%	$65.7M	$47.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2458	+0.081%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	+0.126%	$127K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2469	+0.533%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	+0.419%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2466	+0.407%	$301K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2467	+0.448%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2463	+0.269%	$93K	$669K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2460	+0.163%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2461	+0.194%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	+0.283%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.143%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	+0.285%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.081%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	−0.006%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2465	+0.359%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0111%	8h	0.2465	+0.366%	$146K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2470	+0.550%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0184%	1h	0.2461	+0.187%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2463	+0.265%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0319%	1h	0.2461	+0.208%	$503K	$470K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2458	+0.098%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2460	+0.156%	$95K	—	100x	as long as short