Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against HTX+0.083%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$410.408% of the position

Long on HTX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)−0.375%−$38 · spread now +0.083%, 7d avg −0.004%

Together, before fees−0.398%−$40 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: ApeX Omni is 0.087% dearer against HTX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2471	0.0100	pay 0.0100% / 8h	4h 21m	$1.3M	$6.3M	75x
Short	ApeX Omni ADAUSDT	0.2473	0.0100	get 0.0013% / 1h	21m 22s	$228K	$745K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against HTX. 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 HTXbpFee ApeX OmnibpOrdersPrice spread, now +0.083%Rate

Funding earned: $0
Price spread: +0.083% → −0.004%: $8.67
Slippage, 4 orders: −$18.83
Fee HTX: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$32.16
Costs to cover: 0.408%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; ApeX Omni: live order book, 37 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 HTX live order book, 3 min ago	0.93 bp	13.2 bp −$13	30.2 bp −$302	56.9 bp −$5,693	doesn't fit
Sell ApeX Omni live order book, 37 min ago	2.04 bp	10.3 bp −$10	37.5 bp −$375	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	0.2471	−0.017%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2473	+0.083%	$149K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2468	−0.105%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.002%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2470	−0.038%	$427K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2470	−0.054%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2472	+0.022%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2469	−0.091%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2470	−0.018%	$160K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	−0.078%	$104.6M	$369.9M	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	0.2469	−0.079%	$72.0M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2470	−0.038%	$33.0M	$105.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2468	−0.119%	$98.5M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2470	−0.038%	$61.5M	$60.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2468	−0.115%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2469	−0.079%	$66.5M	$49.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2469	−0.079%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	−0.079%	$125K	$441K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	−0.037%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2471	−0.008%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2470	−0.038%	$300K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2473	+0.083%	$228K	$745K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2470	−0.055%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2469	−0.079%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2470	−0.055%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2470	−0.039%	$9K	$728K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2470	−0.059%	$340	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2471	long leg	$1.3M	$6.3M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2470	−0.038%	$48.2M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2468	−0.105%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2470	−0.043%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0188%	1h	0.2471	+0.010%	$42.9M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2475	+0.144%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2471	+0.002%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2469	−0.059%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0560%	1h	0.2470	−0.026%	$599K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2468	−0.127%	$133K	—	100x	as long as short