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: BingX against Gate+0.040%7-day average +0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$510.511% of the position

Long on Gate Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days−0.017%−$2 · spread now +0.040%, 7d avg +0.028%

Together, before fees+0.012%+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2470	0.0100	pay 0.0100% / 8h	1h 39m	$97.5M	$58.0M	75x
Short	BingX ADA-USDC	0.2471	0.0100	get 0.0100% / 8h	1h 39m	—	$6.6M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.040%Rate

Funding earned: $0
Price spread: +0.040% → +0.028%: $1.26
Slippage, 4 orders: −$26.11
Fee Gate: 7.5 bp × 2 orders: −$15
Fee BingX: 5 bp × 2 orders: −$10
Net: −$49.85
Costs to cover: 0.511%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; BingX: live order book, 13 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	2.03 bp	13.1 bp −$13	17.5 bp −$175	80.8 bp −$8,079	doesn't fit
Sell BingX live order book, 13 min ago	4.08 bp	9.6 bp −$10	22.0 bp −$220	79.7 bp −$7,969	666.7 bp −$333.3K

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	0.2472	+0.066%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	+0.081%	$160K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	+0.026%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2470	0.000%	$419K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0094%	1h	0.2471	+0.034%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2473	+0.113%	$2.5M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2472	+0.073%	$42.8M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2472	+0.082%	$1.2M	$919K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2472	+0.086%	$158K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2471	+0.040%	$102.6M	$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	0.2470	0.000%	$71.8M	$100.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2472	+0.081%	$32.1M	$105.8M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2470	long leg	$97.5M	$58.0M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2471	+0.040%	$53.5M	$50.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	+0.024%	$30.5M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2470	0.000%	$66.2M	$42.9M	75x	as long as short
BingX ADA-USDCshort	+0.0100%	8h	0.2471	+0.040%	—	$6.6M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2471	+0.053%	$104K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2473	+0.130%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2472	+0.087%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2472	+0.081%	$298K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2473	+0.121%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2472	+0.069%	$97K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	+0.040%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2471	+0.053%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2472	+0.081%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.061%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2471	+0.034%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2470	0.000%	$48.2M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2472	+0.066%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	+0.024%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2472	+0.061%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2474	+0.162%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2472	+0.066%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−1.012%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2470	+0.014%	$123K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0600%	1h	0.2473	+0.126%	$480K	$349K	50x	as long as short