Funding you earn now, next payment 06:00 UTC+0.0080%/8h= +8.8% APRpaid last 24h −0.017%
Price spread now: BingX against Kraken Futures−0.046%7-day average −0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$420.425% of the position
Funding, last 7 days+0.008%+$1 on $10k
+Price spread, last 4 days (all we have)−0.111%−$11 · spread now −0.046%, 7d avg −0.001%
=Funding pays, the price is against you. BingX is 0.045% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.046% now, against its 7-day average of −0.001%). If the spread goes back, that is −$5 on $10k: about 45 hours of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.008% in total) that is about 40 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2444 | 0.0020 | pay 0.0002% / 1h | 38m 16s | $6.2M | $13.3M | 50x |
| Short | BingX ADA-USDT | 0.2443 | 0.0100 | get 0.0100% / 8h | 2h 38m | — | $19.9M | — |
Kraken Futures PF_ADAUSD
BingX ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $16.88
- Price spread: −0.046% → −0.001%
- −$4.51
- Slippage, 4 orders
- −$22.49
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$30.12
- Costs to cover
- 0.425%
- Break-even
- 19.5 days
Slippage from Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago | 0.20 bp | 9.1 bp −$9 | 12.8 bp −$128 | 52.3 bp −$5,235 | doesn't fit |
| Sell BingX live order book, 10 min ago | 4.04 bp | 9.0 bp −$9 | 9.2 bp −$92 | 15.9 bp −$1,585 | 28.9 bp −$14.5K |
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 | 0.2443 | −0.061% | $201K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2444 | −0.006% | $157K | $7.0M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2442 | −0.070% | $83K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSDlong | +0.0020% | 1h | 0.2444 | long leg | $6.2M | $13.3M | 50x | |
| Phoenix ADA | +0.0032% | 1h | 0.2459 | +0.600% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.099% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2447 | +0.101% | $2.4M | $989K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2446 | +0.072% | $42.2M | $17.0M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2443 | −0.028% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2443 | −0.040% | $156K | $170K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2443 | −0.028% | $103.1M | $396.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2442 | −0.087% | $71.3M | $119.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2443 | −0.046% | $32.6M | $112.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2441 | −0.128% | $98.9M | $63.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2442 | −0.087% | $58.2M | $63.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2445 | +0.027% | $29.4M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2444 | −0.006% | $66.4M | $52.1M | 75x | as long as short |
| BingX ADA-USDTshort | +0.0100% | 8h | 0.2443 | −0.046% | — | $19.9M | — | |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2442 | −0.108% | $116K | $469K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2456 | +0.489% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2465 | +0.838% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2459 | +0.607% | $293K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2457 | +0.526% | $228K | $761K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2445 | +0.044% | $107K | $780K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2443 | −0.046% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2444 | −0.017% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2445 | +0.035% | $8K | $750K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2444 | −0.006% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2445 | +0.019% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2443 | −0.046% | $47.6M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2443 | −0.041% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2443 | −0.053% | $531K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2441 | −0.128% | $382K | $8.2M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2441 | −0.128% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2445 | +0.037% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0405% | 1h | 0.2444 | +0.011% | $601K | $550K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0620% / S −0.0585% | 1h | 0.2443 | −0.061% | $138K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]