Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against BingX−0.016%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on BingX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.224%−$22 on $10k

Price spread, last 3 days (all we have)+0.276%+$28 · spread now −0.016%, 7d avg 0.000%

Together, before fees+0.052%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2450	0.0100	pay 0.0100% / 8h	2h 13m	—	$6.5M	—
Short	Polymarket Perps ADA-USD	0.2450	0.0100	get 0.0013% / 1h	13m 02s	$96K	$623K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.016%Rate

Funding earned: $0
Price spread: −0.016% → 0.000%: −$1.66
Slippage, 4 orders: −$22.43
Fee BingX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$42.09
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from BingX: live order book, 8 min ago; Polymarket Perps: live order book, 10 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, 8 min ago	4.06 bp	16.1 bp −$16	27.4 bp −$274	80.3 bp −$8,032	579.7 bp −$289.9K
Sell Polymarket Perps live order book, 10 min ago	2.84 bp	7.2 bp −$7	9.1 bp −$91	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	0.2451	+0.037%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2450	0.000%	$153K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2451	+0.024%	$476K	$353K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	−0.010%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2454	+0.163%	$407K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.029%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2450	−0.016%	$42.4M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	−0.024%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	+0.024%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2449	−0.040%	$101.5M	$355.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2448	−0.082%	$70.4M	$99.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2448	−0.082%	$31.8M	$105.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.082%	$96.7M	$58.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	−0.041%	$52.7M	$56.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.020%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	−0.041%	$65.6M	$42.8M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2450	long leg	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	−0.029%	$102K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	+0.179%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	+0.182%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	+0.343%	$290K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	+0.122%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2450	−0.016%	$96K	$623K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	+0.011%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	+0.081%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	−0.020%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.025%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	0.000%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2451	+0.058%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.029%	$556K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2452	+0.094%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2454	+0.163%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2449	−0.028%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2449	−0.046%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0504% / S −0.0263%	1h	0.2449	−0.035%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.408%	$838	$131K	12x	as long as short