Funding arb · Price arb /

ADA

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Swap Backtest

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 0.000%

Price spread now: Variational Omni against BingX+0.043%7-day average +0.002% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BingX Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.039%−$4 · spread now +0.043%, 7d avg +0.002%

Together, before fees−0.039%+ Points / potential airdropVariational Omni: Active · farm board−$4 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.041% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDT	0.2435	0.0100	pay 0.0100% / 8h	24m 27s	—	$20.2M	—
Short	Variational Omni ADA	0.2436	0.0100	get 0.0100% / 8h	24m 27s	$4.1M	$1.1M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now +0.043%Rate

Funding earned: $0
Price spread: +0.043% → +0.002%: $4.13
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$5.87
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 4 min ago; Variational Omni: RFQ quote, 5 min ago. Net counts fees only.

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, 4 min ago	2.05 bp	7.0 bp −$7	7.8 bp −$78	14.8 bp −$1,481	34.9 bp −$17.5K
Sell Variational Omni RFQ quote, 5 min ago	8.20 bp	doesn't fit	12.3 bp −$123	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	0.2435	−0.019%	$200K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2436	+0.055%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.478%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2437	+0.103%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2435	0.000%	$6K	$5K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2437	+0.086%	$42.8M	$18.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2436	+0.044%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2436	+0.045%	$156K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2436	+0.041%	$102.8M	$407.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2435	0.000%	$72.4M	$126.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2436	+0.041%	$32.3M	$117.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2435	0.000%	$99.4M	$65.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2435	0.000%	$51.6M	$65.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2436	+0.037%	$29.5M	$16.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2436	+0.041%	$66.2M	$53.9M	75x	as long as short
BingX ADA-USDTlong	+0.0100%	8h	0.2435	long leg	—	$20.2M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2436	+0.045%	$138K	$485K	15x	as long as short
Variational Omni ADAshort	+0.0100%	8h	0.2436	+0.043%	$4.1M	$1.1M	—
edgeX ADAUSDC	+0.0100%	4h	0.2443	+0.317%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2443	+0.327%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	+0.287%	$77K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2437	+0.066%	$121K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2435	+0.016%	$39K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2439	+0.145%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2435	+0.021%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2435	+0.008%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2435	0.000%	$47.1M	$7.6M	50x	as long as short
Kalshi KXADAPERP	+0.0101%	8h	0.2438	+0.123%	$225K	$7.7M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0103%	8h	0.2436	+0.037%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2435	−0.006%	$511K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2438	+0.123%	$379K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2439	+0.164%	$4.5M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2439	+0.152%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2437	+0.100%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2435	+0.007%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2436	+0.049%	$86K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0530%	1h	0.2436	+0.053%	$620K	$614K	50x	as long as short