Funding you earn now, next payment 05:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%
Price spread now: BingX against Coinbase International−0.851%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$27as in the Funding arb table
Net, price: spread back to 7d avg − costs−$128as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.131%+$13 on $10k
+Price spread, last 4 days (all we have)+0.828%+$83 · spread now −0.851%, 7d avg +0.031%
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.882% cheaper against Coinbase International than usual: you would sell low and buy high, −$88 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ADA-PERP-INTX | 0.2467 | 0.0104 | pay 0.0013% / 1h | 40m 38s | $395K | $8.3M | 50x |
| Short | BingX ADA-USDT | 0.2446 | 0.0100 | get 0.0100% / 8h | 2h 40m | — | $19.9M | — |
Coinbase International ADA-PERP-INTX
BingX ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Coinbase International. 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
- −$0.84
- Price spread: −0.851% → +0.031%
- −$88.2
- Slippage, 4 orders
- −$20.26
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$129.29
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 3 min ago; BingX: live order book, 8 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 Coinbase International live order book, 3 min ago | 6.08 bp | 11.1 bp −$11 | 16.2 bp −$162 | doesn't fit | doesn't fit |
| Sell BingX live order book, 8 min ago | 4.04 bp | 9.0 bp −$9 | 9.2 bp −$92 | 15.9 bp −$1,585 | 28.9 bp −$14.5K |
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 | 0.2447 | −0.791% | $201K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2458 | −0.365% | $160K | $7.0M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2456 | −0.431% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0020% | 1h | 0.2456 | −0.438% | $6.3M | $13.3M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2470 | +0.118% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.162% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2449 | −0.713% | $2.4M | $987K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2452 | −0.616% | $43.6M | $16.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2446 | −0.852% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2448 | −0.764% | $157K | $170K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2445 | −0.912% | $103.1M | $394.7M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2444 | −0.932% | $71.6M | $118.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2445 | −0.892% | $32.6M | $112.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2446 | −0.851% | $99.1M | $62.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2447 | −0.811% | $58.5M | $63.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2450 | −0.705% | $29.4M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2446 | −0.851% | $66.5M | $52.0M | 75x | as long as short |
| BingX ADA-USDTshort | +0.0100% | 8h | 0.2446 | −0.851% | — | $19.9M | — | |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2453 | −0.563% | $124K | $459K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2456 | −0.442% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2465 | −0.096% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2471 | +0.162% | $289K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2465 | −0.081% | $229K | $760K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2458 | −0.361% | $94K | $635K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2456 | −0.446% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2457 | −0.401% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2457 | −0.405% | $8K | $748K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2457 | −0.426% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2455 | −0.486% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2455 | −0.486% | $47.8M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2449 | −0.730% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2446 | −0.857% | $531K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTXlong | +0.0104% | 1h | 0.2467 | long leg | $395K | $8.3M | 50x | |
| Deribit ADA_USDC-PERPETUAL | +0.0198% | 1h | 0.2458 | −0.381% | $604K | $542K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2459 | −0.324% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2458 | −0.384% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0585% | 1h | 0.2456 | −0.442% | $139K | — | 100x | as long as short |
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
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]