Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: ApeX Omni against Polymarket Perps−0.004%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on Polymarket Perps Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.240%+$24 on $10k

Price spread, last 3 days (all we have)−0.083%−$8 · spread now −0.004%, 7d avg +0.014%

Together, before fees+0.157%+$16 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ADA-USD	0.2460	0.0100	pay 0.0013% / 1h	15m 04s	$96K	$625K	10x
Short	ApeX Omni ADAUSDT	0.2460	0.0100	get 0.0013% / 1h	15m 04s	$55K	$581K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Polymarket Perps. 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 Polymarket PerpsbpFee ApeX OmnibpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.014%: −$1.78
Slippage, 4 orders: −$24.65
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$44.44
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; ApeX Omni: live order book, 3 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 Polymarket Perps live order book, 3 min ago	0.20 bp	8.1 bp −$8	8.7 bp −$87	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 3 min ago	6.10 bp	15.1 bp −$15	44.1 bp −$441	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	0.2460	−0.018%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	+0.037%	$154K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	−0.065%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2460	−0.004%	$411K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2460	+0.014%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2462	+0.089%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	+0.081%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2461	+0.035%	$1.2M	$921K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2460	+0.001%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2461	+0.054%	$102.2M	$360.6M	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	0.2460	−0.004%	$71.6M	$102.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	+0.037%	$31.9M	$106.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2459	−0.045%	$97.2M	$59.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	−0.004%	$53.6M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	+0.024%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	+0.037%	$66.0M	$43.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2461	+0.037%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	+0.069%	$102K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2458	−0.078%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	−0.050%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	−0.078%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2460	−0.004%	$55K	$581K	50x
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2460	long leg	$96K	$625K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.085%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	−0.023%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2461	+0.039%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.016%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	+0.012%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	−0.004%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2461	+0.022%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2457	−0.106%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2459	−0.065%	$4K	$74K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0197%	1h	0.2460	−0.016%	$480K	$351K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.077%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2460	−0.001%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.443%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2458	−0.077%	$122K	—	100x	as long as short