Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against OKX+0.619%7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs+$22as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on OKX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)−0.538%−$54 · spread now +0.619%, 7d avg −0.009%

Together, before fees−0.441%+ Points / potential airdropedgeX: Active · farm board−$44 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: edgeX is 0.629% dearer against OKX than usual: you sell high and buy low, +$63 on $10k if it goes back to its 7-day average of −0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2489	0.0100	pay 0.0100% / 8h	3h 26m	$33.4M	$110.7M	50x
Short	edgeX ADAUSDC	0.2504	0.0100	get 0.0050% / 4h	3h 26m	$67K	$284K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against OKX. 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 OKXbpFee edgeXbpOrdersPrice spread, now +0.619%Rate

Funding earned: $0
Price spread: +0.619% → −0.009%: $62.87
Slippage, 4 orders: −$21.55
Fee OKX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: $22.32
Costs to cover: 0.405%
Break-even: from the start

Slippage from OKX: live order book, 2 min ago; edgeX: live order book, 26 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 OKX live order book, 2 min ago	2.00 bp	8.7 bp −$9	15.9 bp −$159	48.5 bp −$4,853	doesn't fit
Sell edgeX live order book, 26 min ago	7.95 bp	12.4 bp −$12	26.8 bp −$268	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	0.2490	+0.022%	$205K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2493	+0.161%	$149K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2489	+0.012%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2491	+0.067%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.723%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2494	+0.201%	$386K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2493	+0.153%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2491	+0.099%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2490	+0.045%	$160K	$169K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2491	+0.099%	$106.3M	$383.8M	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	0.2488	−0.040%	$75.1M	$113.8M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2489	long leg	$33.4M	$110.7M	50x
Gate ADA_USDT	+0.0100%	8h	0.2489	0.000%	$101.9M	$61.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2491	+0.080%	$60.2M	$62.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2491	+0.080%	$29.9M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2489	0.000%	$67.7M	$51.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2489	0.000%	—	$20.1M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2504	+0.605%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2504	+0.619%	$67K	$284K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2503	+0.571%	$293K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2505	+0.643%	$231K	$753K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2490	+0.056%	$93K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2489	0.000%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2489	+0.003%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2490	+0.038%	$8K	$737K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2491	+0.080%	$343	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2490	+0.055%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2491	+0.080%	$48.5M	$6.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2490	+0.048%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2491	+0.071%	$543K	$1.8M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2510	+0.824%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2492	+0.121%	$4.6M	$5.9M	75x	as long as short
Backpack ADA_USDC_PERP	+0.0273%	1h	0.2490	+0.060%	$138K	$461K	15x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2490	+0.058%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0452%	1h	0.2492	+0.133%	$44.6M	$16.0M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0473%	1h	0.2490	+0.048%	$612K	$533K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0615% / S −0.0569%	1h	0.2489	−0.010%	$138K	—	100x	as long as short