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 +0.020%

Price spread now: Binance against GRVT+0.223%49s7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$350.348% of the position

Long on GRVT Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.296%−$30 · spread now +0.223%, 7d avg +0.013%

Together, before fees−0.349%+ Points / potential airdropGRVT: Active · farm board−$35 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 0.210% dearer against GRVT than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.013%. The two prices were read 49 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	GRVT ADA_USDT_Perp	0.2453	0.0100	pay 0.0100% / 8h	6h 32m	$290K	$3.8M	10x
Short	Binance ADAUSDT	0.2459	0.0100	get 0.0100% / 8h	6h 32m	$102.7M	$375.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against GRVT. 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 GRVTbpFee BinancebpOrdersPrice spread, now +0.223%Rate

Funding earned: $0
Price spread: +0.223% → +0.013%: $21.01
Slippage, 4 orders: −$15.77
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee Binance: 5 bp × 2 orders: −$10
Net: −$13.76
Costs to cover: 0.348%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; Binance: live order book, 11 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 GRVT live order book, 1 min ago	4.08 bp	12.1 bp −$12	23.0 bp −$230	3831.8 bp −$383.2K	doesn't fit
Sell Binance live order book, 11 min ago	2.04 bp	7.0 bp −$7	12.3 bp −$123	30.6 bp −$3,064	86.0 bp −$43.0K

ADA on 36 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	0.2459	+0.220%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	−0.112%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.730%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2450	−0.126%	$403K	$7.4M	50x	as long as short
Gate ADA_USDT	+0.0082%	8h	0.2452	−0.045%	$97.7M	$59.6M	75x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.191%	$42.8M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	+0.015%	$1.2M	$973K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2458	+0.194%	$159K	$158K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2459	+0.223%	$102.7M	$375.2M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2459	+0.240%	$72.3M	$109.3M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.240%	$32.6M	$108.1M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2458	+0.200%	$49.5M	$51.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.032%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.240%	$65.7M	$46.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2454	+0.037%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2448	−0.192%	$125K	$423K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.040%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	+0.011%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perplong	+0.0100%	8h	0.2453	long leg	$290K	$3.8M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.037%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	−0.102%	$92K	$665K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	−0.086%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	−0.051%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	−0.047%	$9K	$771K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2451	−0.094%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2450	−0.125%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.167%	$47.7M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	−0.051%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2458	+0.207%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0113%	8h	0.2452	−0.045%	$153K	$6.3M	3.2x	as long as short
Lighter ADA	+0.0160%	1h	0.2460	+0.293%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.167%	$4K	$87K	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2451	−0.105%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0355%	1h	0.2449	−0.187%	$6.2M	$12.2M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2451	−0.092%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4766%	1h	0.2512	+2.389%	$513K	$472K	50x	as long as short