Funding arb · Price arb /

ADA

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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: GRVT against Binance+0.689%7-day average −0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs+$37as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on Binance Short on GRVT

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 7 days−0.657%−$66 · spread now +0.689%, 7d avg −0.017%

Together, before fees−0.584%+ Points / potential airdropGRVT: Active · farm board−$58 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: GRVT is 0.707% dearer against Binance than usual: you sell high and buy low, +$71 on $10k if it goes back to its 7-day average of −0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2442	0.0100	pay 0.0100% / 8h	2h 39m	$103.0M	$395.9M	75x
Short	GRVT ADA_USDT_Perp	0.2459	0.0100	get 0.0100% / 8h	2h 39m	$293K	$4.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GRVT 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 GRVTbpOrdersPrice spread, now +0.689%Rate

Funding earned: $0
Price spread: +0.689% → −0.017%: $70.66
Slippage, 4 orders: −$14.83
Fee Binance: 5 bp × 2 orders: −$10
Fee GRVT: 4.5 bp × 2 orders: −$9
Net: $36.83
Costs to cover: 0.338%
Break-even: from the start

Slippage from Binance: live order book, 4 min ago; GRVT: live order book, 5 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, 4 min ago	2.03 bp	7.0 bp −$7	12.1 bp −$121	30.3 bp −$3,031	91.6 bp −$45.8K
Sell GRVT live order book, 5 min ago	2.03 bp	6.5 bp −$7	16.3 bp −$163	doesn't fit	doesn't fit

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	0.2442	+0.011%	$201K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2443	+0.035%	$157K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	+0.013%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2441	−0.028%	$6.2M	$13.3M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2459	+0.682%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.182%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.039%	$2.4M	$989K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	−0.006%	$42.2M	$17.0M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	+0.008%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.054%	$156K	$170K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDTlong	+0.0100%	8h	0.2442	long leg	$103.0M	$395.9M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2441	−0.047%	$71.4M	$119.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2442	−0.006%	$32.6M	$112.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2442	−0.006%	$99.0M	$62.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	−0.047%	$58.2M	$63.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2442	−0.006%	$29.3M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2441	−0.047%	$66.3M	$52.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2443	+0.035%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	−0.026%	$116K	$469K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.571%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	+0.921%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perpshort	+0.0100%	8h	0.2459	+0.689%	$293K	$4.0M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.608%	$228K	$761K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2440	−0.104%	$110K	$746K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	+0.035%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	+0.060%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.035%	$8K	$749K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2442	−0.022%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2443	+0.016%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	−0.006%	$47.6M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2443	+0.047%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	−0.011%	$531K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2442	−0.006%	$383K	$8.2M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2441	−0.047%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2441	−0.065%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0323%	1h	0.2444	+0.072%	$602K	$549K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0620% / S −0.0585%	1h	0.2443	+0.022%	$138K	—	100x	as long as short