Funding you earn now, next payment 21:00 UTC−0.0044%/8h= −4.8% APRpaid last 24h −0.013%
Price spread now: Coinbase International against BingX−0.041%7-day average −0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$480.479% of the position
Funding, last 7 days−0.133%−$13 on $10k
+Price spread, last 3 days (all we have)+0.109%+$11 · spread now −0.041%, 7d avg −0.028%
=The price spread sits at its 7-day average of −0.028%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ADA-USDC | 0.2455 | 0.0100 | pay 0.0100% / 8h | 2h 16m | — | $6.5M | — |
| Short | Coinbase International ADA-PERP-INTX | 0.2454 | 0.0056 | get 0.0007% / 1h | 16m 16s | $407K | $7.2M | 50x |
BingX ADA-USDC
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$9.24
- Price spread: −0.041% → −0.028%
- −$1.32
- Slippage, 4 orders
- −$27.88
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$58.44
- Costs to cover
- 0.479%
- Break-even
- never at this rate
Slippage from BingX: live order book, 5 min ago; Coinbase International: live order book, 3 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, 5 min ago | 4.06 bp | 16.1 bp −$16 | 27.4 bp −$274 | 80.3 bp −$8,032 | 579.7 bp −$289.9K |
| Sell Coinbase International live order book, 3 min ago | 4.07 bp | 9.8 bp −$10 | 16.1 bp −$161 | 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 | −0.036% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2458 | +0.122% | $153K | $5.8M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | 0.0000% | 1h | 0.2455 | −0.020% | $477K | $353K | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | −0.053% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0056% | 1h | 0.2454 | −0.041% | $407K | $7.2M | 50x | |
| Lighter ADA | +0.0096% | 1h | 0.2457 | +0.090% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2456 | +0.029% | $42.6M | $14.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2455 | +0.002% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2456 | +0.035% | $157K | $147K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2454 | −0.041% | $101.5M | $355.5M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
Deribit ADA_USDC-PERPETUAL
gTrade (Gains Network) ADA/USD
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2453 | −0.081% | $70.6M | $99.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2453 | −0.081% | $31.9M | $105.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2453 | −0.081% | $96.9M | $58.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2455 | 0.000% | $52.9M | $56.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2455 | −0.008% | $30.3M | $18.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | −0.041% | $65.7M | $42.9M | 75x | as long as short |
| BingX ADA-USDClong | +0.0100% | 8h | 0.2455 | long leg | — | $6.5M | — | |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2457 | +0.065% | $101K | $409K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2460 | +0.219% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2463 | +0.328% | $66K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2463 | +0.316% | $290K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2462 | +0.285% | $55K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2455 | −0.012% | $96K | $623K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | −0.041% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | −0.035% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2457 | +0.081% | $9K | $756K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | −0.061% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2453 | −0.068% | $1.3M | $5.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2454 | −0.041% | $47.9M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2456 | +0.053% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | −0.074% | $559K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2464 | +0.363% | $4K | $82K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2457 | +0.081% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0286% | 1h | 0.2454 | −0.029% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0336% | 1h | 0.2453 | −0.070% | $6.1M | $11.4M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0504% / S −0.0263% | 1h | 0.2453 | −0.074% | $110K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2440 | −0.611% | $838 | $131K | 12x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP