Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Binance0.000%7-day average −0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$28as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on Binance Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.008%−$1 · spread now 0.000%, 7d avg −0.014%

Together, before fees+0.001%$0 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2454	0.0100	pay 0.0100% / 8h	6h 10m	$103.0M	$370.9M	75x
Short	Bybit ADAUSDT	0.2454	0.0100	get 0.0100% / 8h	6h 10m	$72.2M	$108.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Binance. 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 BinancebpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.014%: $1.42
Slippage, 4 orders: −$8.14
Fee Binance: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$27.72
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from Binance: live order book, 3 min ago; Bybit: 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 Binance live order book, 3 min ago	2.04 bp	7.0 bp −$7	11.4 bp −$114	27.7 bp −$2,771	91.5 bp −$45.7K
Sell Bybit live order book, 3 min ago	2.04 bp	7.5 bp −$8	11.9 bp −$119	31.9 bp −$3,194	136.9 bp −$68.4K

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	0.2453	−0.035%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.015%	$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	0.2457	+0.122%	$400K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.151%	$42.8M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2457	+0.121%	$1.2M	$971K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.024%	$158K	$157K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2454	long leg	$103.0M	$370.9M	75x
Bybit ADAUSDTshort	+0.0100%	8h	0.2454	0.000%	$72.2M	$108.6M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	0.000%	$32.6M	$107.2M	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	0.2455	+0.041%	$98.1M	$60.3M	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	0.2456	+0.086%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	0.000%	$65.7M	$47.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2453	−0.041%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	+0.183%	$130K	$410K	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	0.2452	−0.061%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	+0.021%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.122%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.037%	$94K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	+0.081%	$6K	$26K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	+0.153%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.079%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	+0.183%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2457	+0.121%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.163%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	−0.025%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2455	+0.043%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0108%	8h	0.2456	+0.081%	$163K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	+0.077%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2455	+0.041%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	+0.040%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2459	+0.207%	$6.2M	$12.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0401%	1h	0.2458	+0.175%	$503K	$470K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2454	+0.005%	$95K	—	100x	as long as short