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: Phemex against BingX−0.041%7-day average +0.006% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$340.343% of the position
Funding, last 7 days−0.021%−$2 on $10k
+Price spread, last 3 days (all we have)+0.131%+$13 · spread now −0.041%, 7d avg +0.006%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.047% cheaper against BingX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ADA-USDT | 0.2455 | 0.0100 | pay 0.0100% / 8h | 7h 41m | — | $20.4M | — |
| Short | Phemex ADAUSDT | 0.2454 | 0.0100 | get 0.0100% / 8h | 7h 41m | $47.9M | $5.9M | 50x |
BingX ADA-USDT
Phemex ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.041% → +0.006%
- −$4.66
- Slippage, 4 orders
- −$12.27
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$38.93
- Costs to cover
- 0.343%
- Break-even
- never at this rate
Slippage from BingX: live order book, 6 min ago; Phemex: 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, 6 min ago | 2.05 bp | 7.0 bp −$7 | 9.9 bp −$99 | 16.8 bp −$1,685 | 37.6 bp −$18.8K |
| Sell Phemex live order book, 2 min ago | 2.04 bp | 8.0 bp −$8 | 14.9 bp −$149 | 40.1 bp −$4,013 | 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 | 0.2452 | −0.138% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2454 | −0.041% | $195K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | −0.059% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.652% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2454 | −0.041% | $413K | $7.2M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2454 | −0.035% | $6.2M | $11.7M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2456 | +0.049% | $2.4M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2445 | −0.403% | $4K | $84K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2456 | +0.045% | $42.7M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2454 | −0.032% | $1.2M | $944K | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Phoenix ADA
Hyperliquid ADA
Aster ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ADA | +0.0100% | 1h | 0.2453 | −0.088% | $158K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2453 | −0.081% | $101.5M | $364.1M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2452 | −0.122% | $71.6M | $103.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2452 | −0.122% | $32.4M | $106.6M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2454 | −0.041% | $97.9M | $58.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2451 | −0.163% | $52.5M | $50.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2453 | −0.073% | $30.1M | $17.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2452 | −0.122% | $65.9M | $43.8M | 75x | as long as short |
| BingX ADA-USDTlong | +0.0100% | 8h | 0.2455 | long leg | — | $20.4M | — | |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2455 | −0.020% | $108K | $412K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2442 | −0.525% | $4.2M | $944K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2446 | −0.379% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2447 | −0.326% | $295K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2446 | −0.367% | $55K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2453 | −0.073% | $93K | $644K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | −0.041% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2455 | −0.019% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2455 | 0.000% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | −0.037% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2453 | −0.064% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDTshort | +0.0100% | 8h | 0.2454 | −0.041% | $47.9M | $5.9M | 50x | |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2454 | −0.061% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2451 | −0.164% | $552K | $1.8M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2450 | −0.204% | $4.4M | $5.5M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0280% | 1h | 0.2455 | 0.000% | $495K | $430K | 50x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2454 | −0.039% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0624% / S −0.0393% | 1h | 0.2453 | −0.074% | $141K | — | 100x | as long as short |
Pacifica ADA
Binance ADAUSDT
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
Paradex ADA-USD-PERP
Extended ADA-USD
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]