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

ADA

all ADA markets
SwapBacktest
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: Bitget against BingX−0.040%7-day average −0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$35as 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
What this pair did over the last
the charts below follow
Funding, last 7 days−0.013%−$1 on $10k
Price spread, last 7 days+0.065%+$6 · spread now −0.040%, 7d avg −0.008%
Together, before fees+0.052%+$5 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: Bitget is 0.032% cheaper against BingX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ADA-USDT0.25000.0100pay 0.0100% / 8h3h 34m$20.2M
ShortBitget ADAUSDT0.24990.0100get 0.0100% / 8h3h 34m$68.0M$51.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bitget 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

Funding earned
$0
Price spread: −0.040% → −0.008%
−$3.22
Slippage, 4 orders
−$11.76
Fee BingX: 5 bp × 2 orders
−$10
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$36.98
Costs to cover
0.338%
Break-even
never at this rate
Slippage from BingX: live order book, 4 min ago; Bitget: live order book, 5 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 BingX live order book, 4 min ago1.99 bp7.0 bp −$77.0 bp −$7016.2 bp −$1,62135.5 bp −$17.8K
Sell Bitget live order book, 5 min ago2.00 bp11.8 bp −$1215.2 bp −$15240.9 bp −$4,085140.7 bp −$70.3K

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%1h0.2501+0.032%$206K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2507+0.280%$164K$6.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2506+0.235%$86K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2506+0.252%$6.4M$13.0M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.160%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2505+0.200%$403K$8.2M50xas long as short
Lighter ADA+0.0096%1h0.2507+0.272%$2.5M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2506+0.231%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2502+0.088%$161K$170K10xas long as short
Binance ADAUSDT+0.0100%8h0.2501+0.038%$106.6M$382.6M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2499−0.040%$74.9M$112.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.25000.000%$33.5M$110.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2499−0.040%$102.1M$60.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2501+0.040%$61.3M$61.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2502+0.064%$30.1M$15.3M75xas long as short
Bitget ADAUSDTshort+0.0100%8h0.2499−0.040%$68.0M$51.2M75x
BingX ADA-USDTlong+0.0100%8h0.2500long leg$20.2M
Variational Omni ADA+0.0100%8h0.2508+0.322%$4.4M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2508+0.312%$67K$285K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2503+0.106%$293K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2507+0.280%$231K$753K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2500+0.016%$95K$616K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2506+0.240%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2507+0.285%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2508+0.318%$9K$738K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2506+0.260%$345$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2508+0.320%$1.4M$6.6M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2506+0.240%$48.9M$6.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2500+0.011%$542K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0113%8h0.2501+0.059%$21K$25020xas long as short
Phoenix ADA+0.0161%1h0.2508+0.312%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2507+0.280%$4.6M$5.9M75xas long as short
Reya ADARUSDPERP+0.0277%1h0.2499−0.040%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0342%1h0.2508+0.312%$143K$460K15xas long as short
Hyperliquid ADA+0.0486%1h0.2507+0.280%$44.9M$16.0M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0508%1h0.2508+0.316%$622K$523K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0618% / S −0.0569%1h0.2505+0.210%$139K100xas long as short