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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: edgeX against Binance−0.178%7-day average −0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$26as in the Funding arb table
Net, price: spread back to 7d avg − costs−$51as in the Price arb table
costs, in and out, $10k−$350.352% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.088%+$9 on $10k
Price spread, last 3 days (all we have)+0.542%+$54 · spread now −0.178%, 7d avg −0.021%
Together, before fees+0.630%+ Points / potential airdropedgeX: Active · farm board+$63 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: edgeX is 0.157% cheaper against Binance than usual: you would sell low and buy high, −$16 on $10k if it goes back to its 7-day average of −0.021%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ADAUSDT0.24590.0100pay 0.0100% / 8h2h 55m$102.3M$355.4M75x
ShortedgeX ADAUSDC0.24540.0100get 0.0050% / 4h2h 55m$65K$278K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX 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

Funding earned
$0
Price spread: −0.178% → −0.021%
−$15.68
Slippage, 4 orders
−$16.24
Fee Binance: 5 bp × 2 orders
−$10
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$50.92
Costs to cover
0.352%
Break-even
never at this rate
Slippage from Binance: live order book, 3 min ago; edgeX: live order book, 32 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago2.04 bp7.0 bp −$79.7 bp −$9728.3 bp −$2,834101.2 bp −$50.6K
Sell edgeX live order book, 32 min ago6.08 bp10.6 bp −$1127.9 bp −$279doesn't fitdoesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2456−0.127%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2453−0.236%$153K$5.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2453−0.247%$87K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2454−0.196%$391K$7.2M50xas long as short
Lighter ADA+0.0096%1h0.2457−0.057%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2456−0.126%$42.5M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2456−0.115%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2456−0.126%$157K$148K10xas long as short
Binance ADAUSDTlong+0.0100%8h0.2459long leg$102.3M$355.4M75x
Bybit ADAUSDT+0.0100%8h0.2457−0.074%$71.2M$99.9M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2459+0.008%$32.3M$105.6M50xas long as short
Gate ADA_USDT+0.0100%8h0.2455−0.155%$97.4M$56.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2455−0.155%$52.9M$56.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2456−0.126%$30.7M$18.5M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2455−0.155%$65.6M$42.7M75xas long as short
BingX ADA-USDC+0.0100%8h0.2456−0.114%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2456−0.114%$102K$421K15xas long as short
Variational Omni ADA+0.0100%8h0.2453−0.216%$4.2M$1.0Mas long as short
edgeX ADAUSDCshort+0.0100%4h0.2454−0.178%$65K$278K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2453−0.224%$295K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2452−0.277%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2454−0.216%$96K$700K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2454−0.196%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2455−0.160%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2456−0.116%$9K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2455−0.135%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2456−0.120%$1.3M$4.9M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2455−0.155%$47.9M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2457−0.071%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2456−0.126%$564K$1.8M50xas long as short
Phoenix ADA+0.0163%1h0.2454−0.216%$4K$82K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2455−0.155%$4.4M$5.4M75xas long as short
Deribit ADA_USDC-PERPETUAL+0.0239%1h0.2456−0.098%$477K$359K50xas long as short
Reya ADARUSDPERP+0.0287%1h0.2453−0.238%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0336%1h0.2456−0.115%$6.2M$11.6M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0521% / S −0.0277%1h0.2453−0.245%$113K100xas long as short
Injective ADA/USDC PERP+0.0533%1h0.2457−0.074%$844$95K12xas long as short