Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bitget against SoDEX−0.020%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bitget is 0.020% cheaper against SoDEX than usual: you would sell low and buy high, −$2 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSoDEX ADA-USD0.24650.0100pay 0.0013% / 1h8m 15s$339$6K10x
ShortBitget ADAUSDT0.24640.0100get 0.0100% / 8h4h 08m$67.8M$48.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget against SoDEX. 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

Funding earned
$0
Price spread: −0.020% → 0.000%
−$2.03
Slippage, 4 orders
no order book: not counted
Fee SoDEX: 4 bp × 2 orders
−$8
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$22.03
Costs to cover
0.200%
Break-even
never at this rate
Slippage unknown: SoDEX: no order-book sample; Bitget: live order book, 4 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SoDEX no order-book sample
Sell Bitget live order book, 4 min ago2.03 bp8.0 bp −$813.0 bp −$13029.1 bp −$2,913doesn't fit
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 exchanges

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kraken Futures PF_ADAUSD−0.0104%1h0.2464−0.010%$6.3M$12.9M50xas long as short
Kalshi KXADAPERP0.0000%8h0.2465+0.020%$172K$7.6M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2464−0.020%$84K150xas long as short
dYdX ADA-USD+0.0005%1h0.2464−0.009%$207K$6K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.264%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2465+0.024%$2.4M$944K10xas long as short
Phoenix ADA+0.0098%1h0.2466+0.045%$3K$102K10xas long as short
Aster ADAUSDT+0.0100%8h0.2465+0.006%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2465+0.004%$158K$148K10xas long as short
Binance ADAUSDT+0.0100%8h0.2465+0.025%$105.9M$371.0M75xas long as short
Show all 37 exchanges
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2465+0.020%$74.8M$120.1M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2465+0.020%$32.4M$102.4M50xas long as short
Gate ADA_USDT+0.0100%8h0.2463−0.061%$101.7M$58.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2464−0.020%$51.3M$71.4M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2464−0.041%$29.5M$14.6M75xas long as short
Bitget ADAUSDTshort+0.0100%8h0.2464−0.020%$67.8M$48.5M75x
BingX ADA-USDC+0.0100%8h0.2464−0.020%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2466+0.069%$144K$449K15xas long as short
Variational Omni ADA+0.0100%8h0.2460−0.190%$4.1M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2465+0.023%$66K$290K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2463−0.061%$292K$3.6M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2463−0.061%$66K$764K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2463−0.061%$91K$1.5M10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2463−0.061%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2464−0.013%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2464−0.022%$8K$645K30xas long as short
SoDEX ADA-USDlong+0.0100%1h0.2465long leg$339$6K10x
HTX ADA-USDT+0.0100%8h0.2464−0.009%$1.3M$6.6M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2464−0.020%$47.6M$7.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2463−0.075%$19K$58920xas long as short
Extended ADA-USD+0.0104%1h0.2463−0.057%$545K$1.7M50xas long as short
Hyperliquid ADA+0.0132%1h0.2466+0.046%$43.9M$15.9M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0197%1h0.2465+0.008%$570K$835K50xas long as short
Coinbase International ADA-PERP-INTX+0.0216%1h0.2465+0.020%$426K$7.6M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2469+0.183%$4.6M$5.5M75xas long as short
Reya ADARUSDPERP+0.0267%1h0.2462−0.092%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0368% / S −0.0294%1h0.2464−0.002%$87K100xas long as short