Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: Binance against Gate+0.097%7-day average +0.033% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$34as in the Price arb table

costs, in and out, $10k−$410.405% of the position

Long on Gate Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.015%−$2 on $10k

Price spread, last 7 days−0.113%−$11 · spread now +0.097%, 7d avg +0.033%

Together, before fees−0.129%−$13 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: Binance is 0.064% dearer against Gate than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of +0.033%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2452	0.0100	pay 0.0100% / 8h	3h 13m	$97.1M	$57.8M	75x
Short	Binance ADAUSDT	0.2454	0.0100	get 0.0100% / 8h	3h 13m	$102.1M	$354.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Gate. 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 GatebpFee BinancebpOrdersPrice spread, now +0.097%Rate

Funding earned: $0
Price spread: +0.097% → +0.033%: $6.37
Slippage, 4 orders: −$15.5
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Binance: 5 bp × 2 orders: −$10
Net: −$34.13
Costs to cover: 0.405%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; Binance: live order book, 14 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 Gate live order book, 5 min ago	2.04 bp	16.9 bp −$17	21.6 bp −$216	83.1 bp −$8,311	doesn't fit
Sell Binance live order book, 14 min ago	2.03 bp	7.0 bp −$7	11.6 bp −$116	26.9 bp −$2,692	86.6 bp −$43.3K

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	0.2453	+0.042%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	+0.122%	$174K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	+0.118%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0032%	1h	0.2454	+0.082%	$443K	$7.1M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2457	+0.204%	$844	$95K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2456	+0.171%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2455	+0.118%	$42.5M	$14.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	+0.125%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.106%	$157K	$147K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2454	+0.097%	$102.1M	$354.0M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2453	+0.041%	$71.0M	$100.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	0.000%	$32.4M	$105.3M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2452	long leg	$97.1M	$57.8M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2453	+0.041%	$52.9M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.065%	$30.8M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2453	+0.041%	$65.5M	$42.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2455	+0.122%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2456	+0.155%	$101K	$427K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2457	+0.185%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	+0.229%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	+0.208%	$291K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.204%	$55K	$577K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.139%	$95K	$710K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	+0.122%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	+0.193%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.164%	$8K	$762K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.143%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.123%	$1.3M	$4.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	+0.082%	$47.7M	$5.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2456	+0.162%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	+0.012%	$588K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0157%	1h	0.2457	+0.188%	$477K	$360K	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.188%	$4K	$84K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.204%	$4.4M	$5.3M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0256%	1h	0.2456	+0.162%	$6.2M	$11.5M	50x	as long as short
Reya ADARUSDPERP	+0.0288%	1h	0.2455	+0.143%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0520% / S −0.0277%	1h	0.2455	+0.128%	$113K	—	100x	as long as short