Funding arb · Price arb /

ADA

all ADA markets

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: BingX against ApeX Omni0.000%113s7-day average −0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as 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−$510.507% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.018%−$2 on $10k

Price spread, last 4 days (all we have)−0.815%−$82 · spread now 0.000%, 7d avg −0.019%

Together, before fees−0.833%−$83 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2454	0.0100	pay 0.0013% / 1h	7m 35s	$56K	$589K	50x
Short	BingX ADA-USDC	0.2454	0.0100	get 0.0100% / 8h	6h 07m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.019%: $1.85
Slippage, 4 orders: −$30.66
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$48.8
Costs to cover: 0.507%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 60 min ago; BingX: live order book, 14 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, 60 min ago	4.04 bp	12.9 bp −$13	37.1 bp −$371	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	4.07 bp	12.5 bp −$13	22.5 bp −$225	75.3 bp −$7,529	593.3 bp −$296.7K

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	0.2454	+0.020%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.017%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.693%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2454	0.000%	$402K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	+0.110%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	+0.045%	$1.2M	$977K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.022%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	+0.041%	$103.0M	$370.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	0.000%	$72.3M	$108.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	0.000%	$32.7M	$106.7M	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	0.2454	0.000%	$98.2M	$60.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	0.000%	$59.0M	$52.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.008%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	0.000%	$65.9M	$47.3M	75x	as long as short
BingX ADA-USDCshort	+0.0100%	8h	0.2454	0.000%	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.102%	$127K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2455	+0.044%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	+0.081%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	+0.018%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2454	long leg	$56K	$589K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	−0.053%	$93K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	+0.041%	$6K	$16K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	+0.090%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	−0.167%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	+0.090%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.092%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2455	+0.041%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	+0.018%	$532K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2455	+0.041%	$149K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2454	+0.020%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	+0.077%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0192%	1h	0.2457	+0.130%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2452	−0.062%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2455	+0.026%	$6.2M	$12.2M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2454	+0.004%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0565%	1h	0.2457	+0.122%	$502K	$471K	50x	as long as short