Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni+0.380%7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$6as in the Price arb table

costs, in and out, $10k−$450.447% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 3 days (all we have)−0.769%−$77 · spread now +0.380%, 7d avg −0.003%

Together, before fees−0.829%−$83 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: Binance is 0.383% dearer against ApeX Omni than usual: you sell high and buy low, +$38 on $10k if it goes back to its 7-day average of −0.003%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2452	0.0100	pay 0.0013% / 1h	55m 09s	$55K	$579K	50x
Short	Binance ADAUSDT	0.2461	0.0100	get 0.0100% / 8h	2h 55m	$102.4M	$355.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.380%Rate

Funding earned: $0
Price spread: +0.380% → −0.003%: $38.26
Slippage, 4 orders: −$24.73
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$6.47
Costs to cover: 0.447%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 32 min ago; Binance: 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 ApeX Omni live order book, 32 min ago	10.13 bp	15.1 bp −$15	47.3 bp −$473	doesn't fit	doesn't fit
Sell Binance live order book, 3 min ago	2.04 bp	7.0 bp −$7	9.5 bp −$95	24.7 bp −$2,473	76.1 bp −$38.1K

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	0.2456	+0.150%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2457	+0.204%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	+0.274%	$88K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2455	+0.122%	$391K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2462	+0.387%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2459	+0.294%	$42.5M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.250%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2456	+0.151%	$157K	$148K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2461	+0.380%	$102.4M	$355.6M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2460	+0.326%	$71.3M	$99.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.285%	$32.4M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2458	+0.245%	$97.6M	$56.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	+0.326%	$53.0M	$56.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.326%	$30.8M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.285%	$65.7M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2459	+0.285%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	+0.343%	$102K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	+0.061%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	+0.099%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.053%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2452	long leg	$55K	$579K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	+0.253%	$96K	$701K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.367%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2461	+0.364%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.162%	$9K	$762K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.347%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.292%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	+0.285%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2457	+0.207%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2460	+0.315%	$564K	$1.8M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2454	+0.061%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.204%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2458	+0.243%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0335%	1h	0.2461	+0.355%	$6.2M	$11.6M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0400%	1h	0.2462	+0.396%	$478K	$358K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2459	+0.282%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.204%	$844	$95K	12x	as long as short