Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against Polymarket Perps+0.257%64s7-day average −0.005% · you sell dearer than you buy

Net, funding: paid 7d − costs−$9as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.353% of the position

Long on Polymarket Perps Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.267%+$27 on $10k

Price spread, last 4 days (all we have)−0.335%−$34 · spread now +0.257%, 7d avg −0.005%

Together, before fees−0.069%+ Points / potential airdropedgeX: Active · farm board−$7 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: edgeX is 0.262% dearer against Polymarket Perps than usual: you sell high and buy low, +$26 on $10k if it goes back to its 7-day average of −0.005%. The two prices were read 64 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	Polymarket Perps ADA-USD	0.2456	0.0100	pay 0.0013% / 1h	59m 44s	$94K	$671K	10x
Short	edgeX ADAUSDC	0.2462	0.0100	get 0.0050% / 4h	1h 59m	$65K	$284K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.257%Rate

Funding earned: $0
Price spread: +0.257% → −0.005%: $26.18
Slippage, 4 orders: −$18.31
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$9.14
Costs to cover: 0.353%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 3 min ago; edgeX: 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	3.05 bp	7.1 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell edgeX live order book, 3 min ago	6.10 bp	10.6 bp −$11	26.8 bp −$268	doesn't fit	doesn't fit

ADA on 36 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	0.2456	+0.023%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.093%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.623%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2455	−0.029%	$410K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2459	+0.126%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	−0.029%	$1.2M	$983K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	+0.041%	$158K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2457	+0.061%	$103.2M	$367.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	+0.053%	$72.4M	$107.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	+0.053%	$32.7M	$106.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.029%	$98.5M	$58.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2456	+0.012%	$63.5M	$53.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2457	+0.065%	$29.9M	$17.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	+0.053%	$65.8M	$47.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2457	+0.053%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	−0.090%	$131K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.015%	$4.2M	$991K	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2462	+0.257%	$65K	$284K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.233%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.297%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2456	long leg	$94K	$671K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.069%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	−0.042%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2457	+0.050%	$9K	$749K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	−0.049%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	−0.088%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	−0.069%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.012%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2455	−0.029%	$139K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2458	+0.083%	$21K	$250	20x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0158%	1h	0.2454	−0.053%	$502K	$470K	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2461	+0.232%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2459	+0.122%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2453	−0.090%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2453	−0.107%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2453	−0.108%	$95K	—	100x	as long as short