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 −0.003%
Price spread now: Gate against BingX−0.040%7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$55as in the Funding arb table
Net, price: spread back to 7d avg − costs−$54as in the Price arb table
costs, in and out, $10k−$530.528% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 7 days+0.040%+$4 · spread now −0.040%, 7d avg −0.029%
Together, before fees+0.018%+$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ADA-USDC0.25000.0100pay 0.0100% / 8h3h 34m$6.6M
ShortGate ADA_USDT0.24990.0100get 0.0100% / 8h3h 34m$102.2M$60.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Gate 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% → −0.029%
−$1.1
Slippage, 4 orders
−$27.81
Fee BingX: 5 bp × 2 orders
−$10
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$53.92
Costs to cover
0.528%
Break-even
never at this rate
Slippage from BingX: live order book, 2 min ago; Gate: 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, 2 min ago3.99 bp14.4 bp −$1437.3 bp −$37390.6 bp −$9,063506.1 bp −$253.1K
Sell Gate live order book, 5 min ago2.00 bp9.5 bp −$915.0 bp −$15095.2 bp −$9,520doesn't fit

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%8h0.2503+0.120%$159K$6.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2499−0.030%$85K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2500−0.010%$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%1h0.2502+0.080%$402K$8.2M50xas long as short
Lighter ADA+0.0096%1h0.2502+0.072%$2.5M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2501+0.041%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2502+0.088%$161K$170K10xas long as short
Binance ADAUSDT+0.0100%8h0.2500−0.001%$106.5M$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%8h0.2501+0.040%$33.5M$110.9M50xas long as short
Gate ADA_USDTshort+0.0100%8h0.2499−0.040%$102.2M$60.8M75x
MEXC ADA_USDT+0.0100%8h0.25000.000%$61.3M$61.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2500−0.012%$30.0M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2499−0.040%$68.0M$51.2M75xas long as short
BingX ADA-USDClong+0.0100%8h0.2500long leg$6.6M
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%8h0.25000.000%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2500+0.012%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2502+0.078%$9K$738K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2500+0.004%$344$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2500+0.014%$1.4M$6.6M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2499−0.040%$48.7M$6.7M50xas long as short
Extended ADA-USD+0.0104%1h0.2499−0.029%$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+0.0328%1h0.2500−0.004%$139K$461K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0430%1h0.2501+0.032%$620K$523K50xas long as short
Hyperliquid ADA+0.0481%1h0.2502+0.084%$44.8M$16.0M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0616% / S −0.0569%1h0.2499−0.046%$139K100xas long as short