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 0.000%

Price spread now: Binance against HTX+0.053%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$370.370% of the position

Long on HTX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.088%−$9 on $10k

Price spread, last 4 days (all we have)−0.441%−$44 · spread now +0.053%, 7d avg +0.002%

Together, before fees−0.529%−$53 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 0.052% dearer against HTX than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2461	0.0100	pay 0.0100% / 8h	4h 54m	$1.3M	$6.3M	75x
Short	Binance ADAUSDT	0.2462	0.0100	get 0.0100% / 8h	4h 54m	$103.9M	$372.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against HTX. 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 HTXbpFee BinancebpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.002%: $5.16
Slippage, 4 orders: −$14.97
Fee HTX: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$31.81
Costs to cover: 0.370%
Break-even: never at this rate

Slippage from HTX: live order book, 4 min ago; Binance: live order book, 4 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 HTX live order book, 4 min ago	0.83 bp	8.3 bp −$8	21.0 bp −$210	47.4 bp −$4,736	doesn't fit
Sell Binance live order book, 4 min ago	2.04 bp	7.0 bp −$7	9.8 bp −$98	22.4 bp −$2,243	71.2 bp −$35.6K

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	0.2460	−0.036%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	+0.020%	$140K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	−0.002%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.426%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2459	−0.062%	$412K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2461	+0.005%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.113%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	+0.060%	$1.2M	$979K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	+0.048%	$160K	$161K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2462	+0.053%	$103.9M	$372.4M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2459	−0.062%	$71.8M	$111.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	−0.062%	$32.7M	$105.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.021%	$98.4M	$58.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	−0.021%	$61.3M	$59.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	+0.032%	$29.7M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	+0.020%	$66.1M	$50.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2461	+0.020%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	+0.072%	$126K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	+0.064%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.339%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.405%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2449	−0.468%	$226K	$740K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.007%	$92K	$683K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.020%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.078%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	+0.102%	$8K	$742K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2461	+0.028%	$339	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2461	long leg	$1.3M	$6.3M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2462	+0.060%	$48.0M	$6.5M	50x	as long as short
Hyperliquid ADA	+0.0103%	1h	0.2463	+0.101%	$42.8M	$14.9M	10x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	+0.058%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2461	+0.006%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2459	−0.046%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2460	−0.021%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2460	−0.041%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0481%	1h	0.2463	+0.089%	$588K	$485K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0548% / S −0.0339%	1h	0.2460	−0.013%	$121K	—	100x	as long as short