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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against BingX+0.040%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.040% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ADA-USDT0.24470.0100pay 0.0100% / 8h2h 45m$20.6M
ShortParadex ADA-USD-PERP0.24480.0100get 0.0100% / 8h2h 45m$21K$25020x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Paradex 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
$0.08
Price spread: +0.040% → 0.000%
$3.96
Slippage, 4 orders
no order book: not counted
Fee BingX: 5 bp × 2 orders
−$10
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$9.96
Costs to cover
0.140%
Break-even
856.5 days
Slippage unknown: BingX: live order book, 8 min ago; Paradex: no order-book sample. Net counts fees only.

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, 8 min ago2.04 bp7.0 bp −$77.0 bp −$7011.5 bp −$1,15227.6 bp −$13.8K
Sell Paradex no order-book sample
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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%1h0.2447+0.017%$201K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2450+0.123%$153K$5.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2448+0.051%$87K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2446−0.041%$409K$7.2M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0077%1h0.2449+0.086%$476K$353K50xas long as short
Lighter ADA+0.0096%1h0.2449+0.086%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2448+0.037%$42.4M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2448+0.058%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2447+0.013%$157K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2447+0.017%$100.7M$354.3M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.24470.000%$70.5M$99.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.24470.000%$32.1M$104.4M50xas long as short
Gate ADA_USDT+0.0100%8h0.2446−0.041%$96.9M$57.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.24470.000%$52.7M$56.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2447−0.004%$30.5M$18.4M75xas long as short
Bitget ADAUSDT+0.0100%8h0.24470.000%$65.5M$42.7M75xas long as short
BingX ADA-USDTlong+0.0100%8h0.2447long leg$20.6M
Backpack ADA_USDC_PERP+0.0100%1h0.2449+0.069%$101K$413K15xas long as short
Variational Omni ADA+0.0100%8h0.2447−0.020%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2448+0.035%$65K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2447−0.010%$286K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2448+0.041%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2446−0.045%$96K$683K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2448+0.041%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2448+0.055%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2447−0.001%$9K$757K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2447+0.020%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2447−0.007%$1.3M$4.9M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2448+0.041%$47.8M$5.8M50xas long as short
Paradex ADA-USD-PERPshort+0.0100%8h0.2448+0.040%$21K$25020x
Extended ADA-USD+0.0104%1h0.2447−0.009%$560K$1.8M50xas long as short
Phoenix ADA+0.0195%1h0.2449+0.094%$4K$82K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2448+0.041%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0287%1h0.2448+0.060%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0337%1h0.2448+0.025%$6.1M$11.5M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0520% / S −0.0277%1h0.2448+0.044%$113K100xas long as short
Injective ADA/USDC PERP+0.0533%1h0.2457+0.409%$844$95K12xas long as short