Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.029%

Price spread now: BingX against gTrade (Gains Network)+0.011%46s7-day average — · you sell dearer than you buy

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

Long on gTrade (Gains Network)Short on BingX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ADA/USD	0.2451	L +0.0005% / S −0.0003%	pay 0.0001% / 1h	2m 45s	$84K	—	150x
Short	BingX ADA-USDC	0.2451	0.0100	get 0.0100% / 8h	2h 02m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BingXbpOrdersPrice spread, now +0.011%Rate

Funding earned: $20.01
Price spread: +0.011% → 0.000%: $1.1
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: $1.11
Costs to cover: 0.200%
Break-even: 6.6 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 4 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BingX live order book, 4 min ago	4.09 bp	13.0 bp −$13	21.5 bp −$215	81.7 bp −$8,169	632.1 bp −$316.0K

gTrade (Gains Network): 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2450	−0.035%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.011%	$153K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USDlong	L +0.0005% / S −0.0003%	1h	0.2451	long leg	$84K	—	150x
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2454	+0.133%	$407K	$7.2M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0076%	1h	0.2452	+0.068%	$476K	$353K	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2452	+0.052%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2451	+0.023%	$42.5M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	−0.001%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	−0.013%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2451	+0.010%	$101.6M	$355.8M	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	0.2451	+0.011%	$70.5M	$99.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2450	−0.030%	$31.8M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.071%	$96.5M	$58.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.030%	$52.7M	$56.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.009%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	+0.011%	$65.6M	$42.8M	75x	as long as short
BingX ADA-USDCshort	+0.0100%	8h	0.2451	+0.011%	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2452	+0.064%	$101K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2444	−0.259%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2445	−0.216%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2445	−0.250%	$295K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2444	−0.275%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2450	−0.038%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	+0.011%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	+0.035%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	+0.050%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2451	+0.011%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.014%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2451	+0.011%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2451	+0.009%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	−0.021%	$556K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2446	−0.177%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2449	−0.071%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2450	−0.018%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2451	+0.024%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0504% / S −0.0263%	1h	0.2451	−0.002%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2445	−0.234%	$840	$168K	12x	as long as short