ADA arbitrage explained
Right now Cardano (ADA) trades on 11 venues we scan: 11 perpetual markets, 7 spot markets and 0 DEX pools. The lowest ask is on Gate perp at $0.2665 and the highest bid on HTX perp at $0.267.
The widest ADA perpetual spread is between Gate and HTX: long ADA on Gate at $0.2665 and short on HTX at $0.267 for +0.17% gross, or +0.01% after the 0.16% two-leg fee model. No transfer is needed: both positions stay on their exchanges until the prices converge. The funding difference on this pair is +0.008% per day, which the position collects while it is open.
For a spot–perpetual (cash-and-carry) trade, the best ADA route is to buy spot on Gate and short the perpetual on HTX: +0.13% gross, -0.07% net, with +0.030% a day of funding on the short leg.
Spot–spot ADA arbitrage (buy on Gate, withdraw, deposit and sell on Bybit) shows +0.03% gross right now. It only works if withdrawals on the buying exchange and deposits on the selling exchange are open, so check the D/W dots before moving coins.
Small ADA gaps usually disappear after fees, slippage and funding. Look at the Net column, the executable Depth and the spread history before trading: a gap that has been open for days is a different trade from a one-minute spike.
Related: ADA funding rates · ADA spread charts · Cardano price · arbitrage scanner for all coins.