Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0183%/8h= +20.0% APRpaid last 24h +0.060%

Price spread now: Reya against HTX−0.128%7-day average — · you buy dearer than you sell

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

Long on HTX Short on Reya

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—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.128% cheaper against HTX than usual: you would sell low and buy high (spread −0.128% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$13 on $10k: about 2.3 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2466	0.0100	pay 0.0100% / 8h	7h 31m	$1.3M	$5.5M	75x
Short	Reya ADARUSDPERP	0.2463	0.0283	get 0.0035% / 1h	31m 57s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.128%Rate

Funding earned: $38.34
Price spread: −0.128% → 0.000%: −$12.81
Slippage, 4 orders: no order book: not counted
Fee HTX: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: $7.53
Costs to cover: 0.180%
Break-even: 5.6 days

Slippage unknown: HTX: live order book, 2 min ago; Reya: 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 HTX live order book, 2 min ago	0.71 bp	13.2 bp −$13	26.4 bp −$264	53.8 bp −$5,383	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 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	0.2461	−0.226%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2464	−0.089%	$190K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.106%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.195%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2465	−0.048%	$421K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2466	+0.004%	$6.2M	$11.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2468	+0.069%	$2.5M	$1.1M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2467	+0.017%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2467	+0.035%	$1.2M	$947K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	−0.150%	$158K	$145K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2471	+0.193%	$102.4M	$365.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2469	+0.114%	$72.4M	$104.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2471	+0.195%	$32.6M	$107.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2467	+0.033%	$98.1M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2469	+0.114%	$52.9M	$51.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2470	+0.138%	$30.3M	$17.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2470	+0.154%	$66.3M	$44.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2466	−0.008%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	+0.102%	$119K	$408K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.246%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	−0.206%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2462	−0.173%	$288K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2456	−0.413%	$56K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2462	−0.178%	$93K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	−0.048%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	−0.004%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2467	+0.032%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2467	+0.013%	$339	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2466	long leg	$1.3M	$5.5M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2466	−0.008%	$48.2M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0102%	8h	0.2462	−0.176%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2469	+0.134%	$554K	$1.8M	50x	as long as short
Hyperliquid ADA	+0.0144%	1h	0.2470	+0.159%	$43.1M	$14.4M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2465	−0.048%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERPshort	+0.0283%	1h	0.2463	−0.128%	$1K	—	15x
Deribit ADA_USDC-PERPETUAL	+0.0440%	1h	0.2467	+0.037%	$496K	$434K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0626% / S −0.0393%	1h	0.2464	−0.093%	$142K	—	100x	as long as short