Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
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: Pacifica against Gate−0.236%7-day average +0.048% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$70as in the Price arb table
costs, in and out, $10k−$420.419% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.060%+$6 on $10k
Price spread, last 4 days (all we have)+0.325%+$32 · spread now −0.236%, 7d avg +0.048%
Together, before fees+0.385%+ Points / potential airdropPacifica: Active · farm board+$38 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: Pacifica is 0.284% cheaper against Gate than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of +0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGate ADA_USDT0.24490.0100pay 0.0100% / 8h4m 53s$97.8M$60.5M75x
ShortPacifica ADA0.24430.0100get 0.0013% / 1h4m 53s$157K$146K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Pacifica 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

Funding earned
$0
Price spread: −0.236% → +0.048%
−$28.37
Slippage, 4 orders
−$18.9
Fee Gate: 7.5 bp × 2 orders
−$15
Fee Pacifica: 4 bp × 2 orders
−$8
Net
−$70.26
Costs to cover
0.419%
Break-even
never at this rate
Slippage from Gate: live order book, 4 min ago; Pacifica: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Gate live order book, 4 min ago2.05 bp13.4 bp −$1317.4 bp −$17484.4 bp −$8,439doesn't fit
Sell Pacifica live order book, 8 min ago2.25 bp7.2 bp −$7doesn't fitdoesn't fitdoesn't fit

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%1h0.2443−0.260%$201K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2445−0.163%$213K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2445−0.180%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2442−0.286%$404K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2448−0.033%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2448−0.039%$42.4M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2448−0.048%$1.2M$932K75xas long as short
Pacifica ADAshort+0.0100%1h0.2443−0.236%$157K$146K10x
Binance ADAUSDT+0.0100%8h0.2450+0.041%$101.3M$366.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.24490.000%$71.3M$104.0M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2451+0.082%$32.4M$107.5M50xas long as short
Gate ADA_USDTlong+0.0100%8h0.2449long leg$97.8M$60.5M75x
MEXC ADA_USDT+0.0100%8h0.2448−0.041%$52.4M$51.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.24490.000%$30.0M$18.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.24490.000%$65.8M$43.9M75xas long as short
BingX ADA-USDC+0.0100%8h0.24490.000%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2447−0.078%$108K$419K15xas long as short
Variational Omni ADA+0.0100%8h0.2441−0.320%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2445−0.157%$65K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2444−0.203%$290K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2444−0.204%$55K$582K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2444−0.212%$94K$641K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2444−0.204%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2446−0.136%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2444−0.203%$9K$767K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2446−0.122%$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2447−0.096%$1.3M$5.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2445−0.163%$47.8M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2444−0.214%$20K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2449+0.001%$551K$1.8M50xas long as short
Kraken Futures PF_ADAUSD+0.0114%1h0.2446−0.114%$6.1M$11.7M50xas long as short
Phoenix ADA+0.0130%1h0.2446−0.135%$4K$78K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2445−0.163%$4.3M$5.5M75xas long as short
Injective ADA/USDC PERP+0.0254%1h0.2471+0.898%$849$202K12xas long as short
Reya ADARUSDPERP+0.0283%1h0.2444−0.202%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0323%1h0.2447−0.102%$491K$430K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0564% / S −0.0313%1h0.2444−0.185%$121K100xas long as short