Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0001%/8h= +0.1% APRpaid last 24h 0.000%

Price spread now: Paradex against Polymarket Perps−0.291%48s7-day average — · you buy dearer than you sell

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

Long on Polymarket Perps Short on Paradex

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: Paradex is 0.291% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$29 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	Polymarket Perps ADA-USD	0.2486	0.0100	pay 0.0013% / 1h	22m 41s	$94K	$627K	10x
Short	Paradex ADA-USD-PERP	0.2479	0.0101	get 0.0101% / 8h	3h 22m	$21K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.291%Rate

Funding earned: $0.25
Price spread: −0.291% → 0.000%: −$29.08
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$40.83
Costs to cover: 0.120%
Break-even: 1132.8 days

Slippage unknown: Polymarket Perps: live order book, 30 min ago; Paradex: 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 Polymarket Perps live order book, 30 min ago	3.38 bp	7.4 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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	0.2477	−0.373%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2487	+0.032%	$144K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2486	+0.006%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2485	−0.054%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.611%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2488	+0.072%	$386K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2479	−0.286%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2478	−0.332%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2477	−0.350%	$159K	$169K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2478	−0.330%	$105.6M	$384.7M	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	0.2477	−0.370%	$74.6M	$114.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2478	−0.330%	$33.1M	$110.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2477	−0.370%	$100.3M	$61.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2477	−0.370%	$59.6M	$62.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2480	−0.261%	$29.7M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2477	−0.370%	$67.4M	$51.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2478	−0.330%	—	$19.8M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2486	−0.006%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2491	+0.186%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2486	−0.008%	$301K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2490	+0.153%	$230K	$754K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2486	long leg	$94K	$627K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2486	−0.008%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2487	+0.017%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2486	−0.010%	$8K	$738K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2485	−0.028%	$342	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2486	+0.011%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2483	−0.129%	$48.4M	$6.9M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0101%	8h	0.2479	−0.291%	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2479	−0.297%	$540K	$1.8M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2492	+0.245%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2483	−0.129%	$4.6M	$5.8M	75x	as long as short
Backpack ADA_USDC_PERP	+0.0238%	1h	0.2484	−0.088%	$136K	$463K	15x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2486	+0.010%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0404%	1h	0.2478	−0.326%	$44.3M	$16.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0474%	1h	0.2488	+0.060%	$612K	$533K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0614% / S −0.0569%	1h	0.2486	−0.012%	$138K	—	100x	as long as short