Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.003%

Price spread now: Gate against OKX−0.081%7-day average −0.021% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$410.411% of the position

Long on OKX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 7 days+0.121%+$12 · spread now −0.081%, 7d avg −0.021%

Together, before fees+0.146%+$15 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: Gate is 0.061% cheaper against OKX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.021%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2462	0.0100	pay 0.0100% / 8h	2h 20m	$32.0M	$105.7M	50x
Short	Gate ADA_USDT	0.2460	0.0100	get 0.0100% / 8h	2h 20m	$97.4M	$57.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → −0.021%: −$6.06
Slippage, 4 orders: −$16.13
Fee OKX: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$47.2
Costs to cover: 0.411%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; Gate: live order book, 3 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, 3 min ago	2.04 bp	7.3 bp −$7	13.3 bp −$133	52.0 bp −$5,197	doesn't fit
Sell Gate live order book, 3 min ago	2.04 bp	13.2 bp −$13	17.6 bp −$176	81.3 bp −$8,129	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	0.2460	−0.065%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2466	+0.162%	$154K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2460	−0.073%	$478K	$353K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2462	−0.011%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2459	−0.122%	$408K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.032%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2463	+0.037%	$42.7M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2461	−0.041%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	−0.037%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.019%	$101.8M	$355.0M	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	0.2462	0.000%	$70.8M	$99.8M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2462	long leg	$32.0M	$105.7M	50x
Gate ADA_USDTshort	+0.0100%	8h	0.2460	−0.081%	$97.4M	$57.9M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2461	−0.041%	$52.9M	$56.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	−0.028%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	0.000%	$65.9M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2462	0.000%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	−0.065%	$101K	$409K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.227%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	−0.282%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	−0.320%	$289K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2456	−0.244%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2462	−0.012%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	−0.122%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	−0.103%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	−0.081%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	−0.102%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	−0.081%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	−0.122%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	+0.008%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	−0.032%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2464	+0.077%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	−0.122%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2462	+0.011%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0336%	1h	0.2459	−0.113%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0505% / S −0.0263%	1h	0.2462	−0.018%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.894%	$838	$131K	12x	as long as short