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% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against Paradex+0.078%48s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: 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: Polymarket Perps is 0.078% dearer against Paradex than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2439	0.0100	pay 0.0100% / 8h	21m 36s	$20K	$250	20x
Short	Polymarket Perps ADA-USD	0.2441	0.0100	get 0.0013% / 1h	21m 36s	$92K	$638K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps against Paradex. 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 ParadexbpFee Polymarket PerpsbpOrdersPrice spread, now +0.078%Rate

Funding earned: −$0.03
Price spread: +0.078% → 0.000%: $7.81
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$4.22
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Polymarket Perps: live order book, 56 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Polymarket Perps live order book, 56 min ago	0.20 bp	6.6 bp −$7	9.0 bp −$90	doesn't fit	doesn't fit

Paradex: 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	0.2439	+0.014%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2442	+0.123%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2441	+0.068%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2436	−0.123%	$402K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2440	+0.029%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2440	+0.058%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2441	+0.068%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2439	+0.019%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2439	+0.010%	$101.2M	$365.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2439	0.000%	$70.9M	$103.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	+0.041%	$32.2M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2438	−0.041%	$96.8M	$60.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2439	0.000%	$51.9M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2439	+0.004%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2439	0.000%	$65.5M	$43.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2438	−0.041%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	+0.115%	$104K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	−0.073%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2435	−0.155%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	−0.016%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2434	−0.205%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2441	+0.078%	$92K	$638K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	+0.041%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	+0.079%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2442	+0.122%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2441	+0.078%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2442	+0.103%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2440	+0.041%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0100%	8h	0.2439	long leg	$20K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2438	−0.039%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2441	+0.080%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2440	+0.029%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2436	−0.123%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.312%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2441	+0.066%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2441	+0.062%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4742%	1h	0.2502	+2.575%	$503K	$430K	50x	as long as short