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: Bybit against BingX+0.081%7-day average −0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$420.424% of the position

Long on BingX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$4 on $10k

Price spread, last 7 days−0.081%−$8 · spread now +0.081%, 7d avg −0.007%

Together, before fees−0.116%−$12 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: Bybit is 0.088% dearer against BingX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2475	0.0100	pay 0.0100% / 8h	4h 31m	—	$6.5M	—
Short	Bybit ADAUSDT	0.2477	0.0100	get 0.0100% / 8h	4h 31m	$72.3M	$108.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.007%: $8.81
Slippage, 4 orders: −$21.36
Fee BingX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.55
Costs to cover: 0.424%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; Bybit: live order book, 2 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, 4 min ago	4.07 bp	13.1 bp −$13	25.7 bp −$257	79.0 bp −$7,897	439.0 bp −$219.5K
Sell Bybit live order book, 2 min ago	2.03 bp	7.5 bp −$8	11.1 bp −$111	33.6 bp −$3,363	141.8 bp −$70.9K

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	0.2477	+0.063%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	−0.121%	$155K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	−0.146%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.162%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2449	−1.051%	$424K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0091%	1h	0.2474	−0.054%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2479	+0.178%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2477	+0.080%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2472	−0.131%	$161K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2478	+0.121%	$105.0M	$370.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDTshort	+0.0100%	8h	0.2477	+0.081%	$72.3M	$108.9M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2478	+0.121%	$33.0M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2475	0.000%	$98.9M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2475	0.000%	$61.4M	$60.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2474	−0.044%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2476	+0.040%	$66.6M	$49.4M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2475	long leg	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2475	−0.012%	$123K	$445K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−1.048%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−0.765%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−0.748%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.808%	$226K	$743K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2473	−0.089%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2472	−0.121%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2473	−0.069%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2474	−0.041%	$8K	$733K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2474	−0.040%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2474	−0.055%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2473	−0.081%	$48.2M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2475	−0.006%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2472	−0.106%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0180%	1h	0.2478	+0.112%	$43.0M	$14.8M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2463	−0.493%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2469	−0.242%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2471	−0.142%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2472	−0.131%	$133K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0721%	1h	0.2475	−0.004%	$600K	$489K	50x	as long as short