Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.028%

Price spread now: gTrade (Gains Network) against Orderly+0.017%7-day average — · you sell dearer than you buy

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

Long on Orderly Short on gTrade (Gains Network)

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—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ADA_USDC	0.2421	0.0100	pay 0.0100% / 8h	2h 28m	$6K	$6K	20x
Short	gTrade (Gains Network) ADA/USD	0.2421	L +0.0005% / S −0.0003%	get 0.0000% / 1h	28m 42s	$83K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Position, each leg$Hold fordaysFee OrderlybpFee gTrade (Gains Network)bpOrdersPrice spread, now +0.017%Rate

Funding earned: −$20.35
Price spread: +0.017% → 0.000%: $1.69
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$34.66
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; gTrade (Gains Network): 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 Orderly no order-book sample	—	—	—	—	—
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

Orderly and gTrade (Gains Network): 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	0.2418	−0.140%	$199K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2423	+0.083%	$163K	$7.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2421	+0.017%	$83K	—	150x
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2421	+0.005%	$6.2M	$13.6M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2425	+0.161%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+2.065%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2419	−0.078%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2421	−0.012%	$41.7M	$17.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2418	−0.112%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2418	−0.107%	$155K	$176K	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	0.2418	−0.124%	$101.2M	$404.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2417	−0.165%	$71.0M	$121.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2418	−0.124%	$32.4M	$114.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2416	−0.207%	$98.0M	$64.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2417	−0.165%	$53.4M	$64.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2418	−0.124%	$28.9M	$15.7M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2417	−0.165%	$65.8M	$52.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2418	−0.124%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2422	+0.025%	$112K	$469K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2416	−0.201%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2424	+0.141%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2420	−0.035%	$284K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2422	+0.041%	$150K	$820K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2424	+0.112%	$122K	$883K	10x	as long as short
Orderly PERP_ADA_USDClong	+0.0100%	8h	0.2421	long leg	$6K	$6K	20x
Derive ADA-PERP	+0.0100%	1h	0.2422	+0.050%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2424	+0.122%	$8K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2422	+0.041%	$333	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2425	+0.162%	$1.3M	$6.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2421	0.000%	$47.2M	$7.1M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2419	−0.097%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2417	−0.152%	$527K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2423	+0.083%	$381K	$8.3M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2423	+0.083%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2423	+0.084%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0493%	1h	0.2424	+0.120%	$597K	$552K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0641% / S −0.0618%	1h	0.2422	+0.038%	$143K	—	100x	as long as short