Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Variational Omni against Binance+0.059%7-day average −0.012% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Binance Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.059%, 7d avg −0.012%

Together, before fees−0.072%+ Points / potential airdropVariational Omni: Active · farm board−$7 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: Variational Omni is 0.072% dearer against Binance than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2453	0.0100	pay 0.0100% / 8h	2h 13m	$101.7M	$355.5M	75x
Short	Variational Omni ADA	0.2454	0.0100	get 0.0100% / 8h	2h 13m	$4.2M	$1.0M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.059%Rate

Funding earned: $0
Price spread: +0.059% → −0.012%: $7.16
Slippage, 4 orders: no order book: not counted
Fee Binance: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$2.84
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Binance: live order book, 15 min ago; Variational Omni: RFQ quote, just now. Net counts fees only.

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, 15 min ago	2.04 bp	7.0 bp −$7	10.7 bp −$107	26.2 bp −$2,619	100.5 bp −$50.3K
Sell Variational Omni RFQ quote, just now	6.11 bp	doesn't fit	18.3 bp −$183	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	0.2454	+0.048%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	+0.084%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.061%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2454	+0.043%	$407K	$7.2M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0076%	1h	0.2456	+0.117%	$477K	$353K	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2456	+0.141%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	−0.034%	$42.4M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	+0.049%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.080%	$157K	$147K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2453	long leg	$101.7M	$355.5M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2451	−0.079%	$70.5M	$99.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	−0.079%	$31.8M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.038%	$96.8M	$58.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2453	+0.003%	$52.8M	$56.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.023%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	−0.079%	$65.6M	$42.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2453	+0.003%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	+0.076%	$103K	$411K	15x	as long as short
Variational Omni ADAshort	+0.0100%	8h	0.2454	+0.059%	$4.2M	$1.0M	—
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.231%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	+0.223%	$290K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2458	+0.206%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.031%	$96K	$623K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	+0.084%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	+0.090%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.085%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.084%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.083%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	+0.043%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2455	+0.096%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	+0.009%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2456	+0.117%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.125%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2454	+0.034%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0336%	1h	0.2455	+0.083%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0504% / S −0.0263%	1h	0.2453	+0.016%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.527%	$838	$131K	12x	as long as short