Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.041%98s7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as 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−$580.579% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.015%+$2 on $10k

Price spread, last 3 days (all we have)+0.344%+$34 · spread now +0.041%, 7d avg +0.017%

Together, before fees+0.360%+$36 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: ApeX Omni is 0.024% dearer against BingX than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of +0.017%. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2451	0.0100	pay 0.0100% / 8h	2h 54m	—	$6.6M	—
Short	ApeX Omni ADAUSDT	0.2452	0.0100	get 0.0013% / 1h	54m 02s	$55K	$579K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.017%: $2.38
Slippage, 4 orders: −$37.89
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$55.51
Costs to cover: 0.579%
Break-even: never at this rate

Slippage from BingX: live order book, 13 min ago; ApeX Omni: live order book, 33 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 BingX live order book, 13 min ago	2.03 bp	14.8 bp −$15	22.4 bp −$224	75.5 bp −$7,545	628.3 bp −$314.2K
Sell ApeX Omni live order book, 33 min ago	10.13 bp	15.5 bp −$16	46.5 bp −$465	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	0.2452	+0.041%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	0.000%	$153K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2450	−0.053%	$476K	$358K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2449	−0.091%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2448	−0.122%	$380K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2452	+0.020%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2450	−0.057%	$42.4M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	−0.057%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	+0.073%	$157K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2451	+0.016%	$101.1M	$355.9M	75x	as long as short

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	0.000%	$70.7M	$100.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	0.000%	$32.2M	$105.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.122%	$97.0M	$57.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.041%	$52.8M	$56.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.049%	$30.6M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	0.000%	$65.4M	$42.8M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2451	long leg	—	$6.6M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	−0.078%	$104K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	+0.101%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	+0.140%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.094%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2452	+0.041%	$55K	$579K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	−0.155%	$96K	$701K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	−0.082%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	−0.052%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2448	−0.124%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2449	−0.082%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	−0.161%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.082%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2450	−0.046%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	−0.030%	$563K	$1.8M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2454	+0.102%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.245%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2447	−0.144%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2450	−0.060%	$6.1M	$11.6M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0520% / S −0.0277%	1h	0.2449	−0.062%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.245%	$844	$95K	12x	as long as short