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 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.011%
Price spread now: Extended against HTX+0.178%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$9as in the Price arb table
costs, in and out, $10k−$310.313% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.110%−$11 on $10k
Price spread, last 3 days (all we have)−0.316%−$32 · spread now +0.178%, 7d avg −0.048%
Together, before fees−0.426%+ Points / potential airdropExtended: Active · farm board−$43 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: Extended is 0.226% dearer against HTX than usual: you sell high and buy low, +$23 on $10k if it goes back to its 7-day average of −0.048%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ADA-USDT0.24670.0100pay 0.0100% / 8h48m 56s$1.3M$5.2M75x
ShortExtended ADA-USD0.24710.0104get 0.0013% / 1h48m 56s$561K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: +0.178% → −0.048%
$22.58
Slippage, 4 orders
−$14.31
Fee HTX: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$7.88
Costs to cover
0.313%
Break-even
72.7 days
Slippage from HTX: live order book, 5 min ago; Extended: live order book, 5 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 HTX live order book, 5 min ago0.85 bp9.4 bp −$921.6 bp −$21650.1 bp −$5,007doesn't fit
Sell Extended live order book, 5 min ago2.02 bp4.5 bp −$59.6 bp −$96doesn'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%1h0.2469+0.076%$203K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2470+0.135%$157K$6.0M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2468+0.037%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2466−0.027%$407K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2468+0.071%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2470+0.144%$42.8M$14.2M10xas long as short
Aster ADAUSDT+0.0100%8h0.2471+0.176%$1.2M$925K75xas long as short
Pacifica ADA+0.0100%1h0.2470+0.131%$159K$144K10xas long as short
Binance ADAUSDT+0.0100%8h0.2471+0.176%$102.9M$360.8M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2470+0.135%$72.0M$102.3M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2471+0.176%$32.6M$107.4M50xas long as short
Gate ADA_USDT+0.0100%8h0.2470+0.135%$97.8M$59.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2470+0.135%$53.2M$50.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2471+0.176%$30.4M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2471+0.176%$66.2M$43.1M75xas long as short
BingX ADA-USDC+0.0100%8h0.2470+0.135%$6.6Mas long as short
Variational Omni ADA+0.0100%8h0.2474+0.305%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2475+0.336%$66K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2475+0.345%$299K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2475+0.338%$56K$582K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2468+0.038%$97K$624K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2465−0.067%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2466−0.012%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2467+0.013%$9K$760K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2467−0.006%$339$13K10xas long as short
HTX ADA-USDTlong+0.0100%8h0.2467long leg$1.3M$5.2M75x
Phemex ADAUSDT+0.0100%8h0.2466−0.027%$48.1M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2469+0.095%$21K$25020xas long as short
Extended ADA-USDshort+0.0104%1h0.2471+0.178%$561K$1.8M50x
Kraken Futures PF_ADAUSD+0.0113%1h0.2467+0.008%$6.2M$11.5M50xas long as short
Backpack ADA_USDC_PERP+0.0118%1h0.2469+0.083%$109K$415K15xas long as short
Phoenix ADA+0.0130%1h0.2475+0.346%$4K$78K10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0196%1h0.2466−0.011%$489K$410K50xas long as short
BloFin ADA-USDT+0.0220%8h0.2470+0.135%$4.4M$5.5M75xas long as short
Injective ADA/USDC PERP+0.0254%1h0.2471+0.176%$849$202K12xas long as short
Reya ADARUSDPERP+0.0284%1h0.2468+0.038%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0567% / S −0.0313%1h0.2467+0.015%$122K100xas long as short