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 0.000%

Price spread now: BingX against HTX+0.109%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

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

costs, in and out, $10k−$450.455% of the position

Long on HTX Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 3 days (all we have)−0.245%−$24 · spread now +0.109%, 7d avg −0.008%

Together, before fees−0.288%−$29 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: BingX is 0.117% dearer against HTX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2459	0.0100	pay 0.0100% / 8h	1h 56m	$1.3M	$5.0M	75x
Short	BingX ADA-USDC	0.2462	0.0100	get 0.0100% / 8h	1h 56m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now +0.109%Rate

Funding earned: $0
Price spread: +0.109% → −0.008%: $11.69
Slippage, 4 orders: −$23.48
Fee HTX: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$33.78
Costs to cover: 0.455%
Break-even: never at this rate

Slippage from HTX: live order book, 3 min ago; BingX: live order book, 10 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, 3 min ago	1.93 bp	10.0 bp −$10	21.7 bp −$217	51.6 bp −$5,163	doesn't fit
Sell BingX live order book, 10 min ago	4.09 bp	13.0 bp −$13	21.5 bp −$215	81.7 bp −$8,169	632.1 bp −$316.0K

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	0.2462	+0.121%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	−0.176%	$162K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	−0.109%	$84K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2459	−0.029%	$477K	$353K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2454	−0.216%	$407K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	−0.117%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	+0.158%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2463	+0.146%	$42.7M	$14.6M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2461	+0.078%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	+0.117%	$157K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2461	+0.068%	$102.0M	$355.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2461	+0.068%	$70.8M	$99.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	+0.109%	$31.9M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2461	+0.068%	$97.0M	$57.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2462	+0.109%	$53.0M	$50.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	+0.097%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	+0.109%	$65.9M	$42.7M	75x	as long as short
BingX ADA-USDCshort	+0.0100%	8h	0.2462	+0.109%	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	−0.021%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−0.404%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2450	−0.382%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2449	−0.407%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	−0.379%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.081%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.054%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	−0.061%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	−0.137%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	−0.107%	$338	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2459	long leg	$1.3M	$5.0M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2456	−0.135%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	+0.133%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	+0.114%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2454	−0.212%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	−0.257%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2457	−0.105%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.582%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2457	−0.087%	$122K	—	100x	as long as short