Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Extended against Orderly−0.218%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 5 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropExtended: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.218% cheaper against Orderly than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ADA_USDC0.24470.0100pay 0.0100% / 8h4h 49m$6K$5K20x
ShortExtended ADA-USD0.24420.0104get 0.0013% / 1h49m 56s$540K$1.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against Orderly. 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: −0.218% → 0.000%
−$21.78
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$31.94
Costs to cover
0.110%
Break-even
273.2 days
Slippage unknown: Orderly: no order-book sample; Extended: live order book, 1 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Orderly no order-book sample
Sell Extended live order book, 1 min ago2.05 bp4.5 bp −$57.4 bp −$74doesn't fitdoesn't fit
Orderly: 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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ADAUSD−0.0105%1h0.2445−0.077%$6.2M$12.8M50xas long as short
dYdX ADA-USD0.0000%1h0.2444−0.108%$206K$6K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2446−0.041%$206K$7.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2450+0.129%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.981%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2446−0.037%$2.4M$924K10xas long as short
Phoenix ADA+0.0098%1h0.2450+0.106%$2K$102K10xas long as short
Aster ADAUSDT+0.0100%8h0.2444−0.122%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2445−0.087%$157K$150K10xas long as short
Binance ADAUSDT+0.0100%8h0.2445−0.095%$104.9M$376.4M75xas long as short
Show all 37 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2443−0.163%$74.1M$121.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2443−0.163%$32.2M$104.1M50xas long as short
Gate ADA_USDT+0.0100%8h0.2442−0.204%$100.7M$58.0M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2443−0.163%$50.6M$69.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2444−0.110%$29.3M$14.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2443−0.163%$67.0M$49.2M75xas long as short
BingX ADA-USDT+0.0100%8h0.2444−0.123%$18.2Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2445−0.094%$136K$445K15xas long as short
Variational Omni ADA+0.0100%8h0.2443−0.169%$4.1M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2452+0.190%$65K$290K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2452+0.205%$290K$3.6M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2453+0.245%$67K$898K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2449+0.090%$91K$1.5M10xas long as short
Orderly PERP_ADA_USDClong+0.0100%8h0.2447long leg$6K$5K20x
Derive ADA-PERP+0.0100%1h0.2448+0.035%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2449+0.083%$8K$657K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2447+0.020%$337$6K10xas long as short
HTX ADA-USDT+0.0100%8h0.2444−0.136%$1.3M$6.7M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2443−0.163%$47.2M$7.4M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2445−0.081%$19K$58920xas long as short
Extended ADA-USDshort+0.0104%1h0.2442−0.218%$540K$1.7M50x
Hyperliquid ADA+0.0116%1h0.2446−0.057%$43.5M$17.2M10xas long as short
Coinbase International ADA-PERP-INTX+0.0216%1h0.2444−0.123%$404K$7.7M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2445−0.082%$4.6M$5.5M75xas long as short
Reya ADARUSDPERP+0.0268%1h0.2449+0.072%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0281%1h0.2448+0.057%$572K$836K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0367% / S −0.0294%1h0.2450+0.111%$87K100xas long as short