Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Pacifica+0.006%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$51as in the Price arb table

costs, in and out, $10k−$500.503% of the position

Long on Pacifica Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.013%−$1 on $10k

Price spread, last 4 days (all we have)+0.337%+$34 · spread now +0.006%, 7d avg +0.012%

Together, before fees+0.325%+ Points / potential airdropPacifica: Active · farm board+$32 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ADA	0.2476	0.0100	pay 0.0013% / 1h	33m 12s	$159K	$161K	10x
Short	ApeX Omni ADAUSDT	0.2476	0.0100	get 0.0013% / 1h	33m 12s	$228K	$733K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Pacifica. 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 PacificabpFee ApeX OmnibpOrdersPrice spread, now +0.006%Rate

Funding earned: $0
Price spread: +0.006% → +0.012%: −$0.63
Slippage, 4 orders: −$32.25
Fee Pacifica: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$50.89
Costs to cover: 0.503%
Break-even: never at this rate

Slippage from Pacifica: live order book, 29 min ago; ApeX Omni: live order book, 30 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 Pacifica live order book, 29 min ago	3.66 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 30 min ago	2.04 bp	10.3 bp −$10	34.6 bp −$346	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	0.2474	−0.063%	$204K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2476	+0.019%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.196%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2476	+0.006%	$423K	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2480	+0.187%	$43.1M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2477	+0.051%	$1.2M	$991K	75x	as long as short
Pacifica ADAlong	+0.0100%	1h	0.2476	long leg	$159K	$161K	10x
Binance ADAUSDT	+0.0100%	8h	0.2478	+0.086%	$104.4M	$370.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2477	+0.046%	$72.8M	$109.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2478	+0.086%	$33.0M	$106.4M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2476	+0.006%	$99.2M	$59.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2478	+0.086%	$58.0M	$57.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2477	+0.054%	$29.8M	$16.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2477	+0.046%	$66.4M	$48.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2478	+0.086%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2478	+0.086%	$128K	$423K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2479	+0.127%	$4.3M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	+0.051%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2477	+0.028%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2476	+0.006%	$228K	$733K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2479	+0.119%	$96K	$676K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2478	+0.086%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2478	+0.091%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2478	+0.086%	$9K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2479	+0.127%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2478	+0.086%	$1.3M	$6.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2478	+0.086%	$48.2M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2477	+0.058%	$537K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2477	+0.046%	$141K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2479	+0.123%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2468	−0.301%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0184%	1h	0.2480	+0.159%	$2.5M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2480	+0.167%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0259%	1h	0.2478	+0.098%	$6.3M	$12.5M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2478	+0.106%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0418% / S −0.0202%	1h	0.2477	+0.036%	$96K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0598%	1h	0.2479	+0.135%	$564K	$450K	50x	as long as short