Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SoDEX against Pacifica+0.116%7-day average — · you sell dearer than you buy

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

Long on Pacifica Short on SoDEX

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—+ Points / potential airdropPacifica: 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: SoDEX is 0.116% dearer against Pacifica than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ADA	0.2472	0.0100	pay 0.0013% / 1h	24m 35s	$161K	$160K	10x
Short	SoDEX ADA-USD	0.2475	0.0100	get 0.0013% / 1h	24m 35s	$340	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.116%Rate

Funding earned: $0
Price spread: +0.116% → 0.000%: $11.57
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$4.43
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Pacifica: live order book, 33 min ago; SoDEX: 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 Pacifica live order book, 33 min ago	2.44 bp	8.7 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell SoDEX no order-book sample	—	—	—	—	—

SoDEX: 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	0.2472	−0.004%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	+0.015%	$149K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	−0.012%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.026%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2471	−0.026%	$425K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0091%	1h	0.2474	+0.077%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2473	+0.075%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2472	+0.029%	$1.2M	$985K	75x	as long as short
Pacifica ADAlong	+0.0100%	1h	0.2472	long leg	$161K	$160K	10x
Binance ADAUSDT	+0.0100%	8h	0.2473	+0.069%	$104.9M	$370.1M	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	0.2472	+0.015%	$72.1M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	+0.055%	$33.0M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2470	−0.066%	$98.6M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2472	+0.015%	$60.2M	$60.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2470	−0.046%	$29.9M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2472	+0.015%	$66.6M	$49.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2472	+0.015%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2472	−0.002%	$125K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	−0.065%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2475	+0.152%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2475	+0.137%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2473	+0.055%	$228K	$744K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2474	+0.100%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2473	+0.055%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2474	+0.106%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2475	+0.136%	$9K	$729K	30x	as long as short
SoDEX ADA-USDshort	+0.0100%	1h	0.2475	+0.116%	$340	$13K	10x
HTX ADA-USDT	+0.0100%	8h	0.2473	+0.071%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2472	+0.015%	$48.2M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	−0.012%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2474	+0.084%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0191%	1h	0.2475	+0.132%	$43.0M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2482	+0.399%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2473	+0.055%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2473	+0.074%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0596% / S −0.0547%	1h	0.2471	−0.021%	$133K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0599%	1h	0.2475	+0.136%	$600K	$488K	50x	as long as short