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 KuCoin+0.004%7-day average −0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$540.545% of the position

Long on KuCoin Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.056%+$6 on $10k

Price spread, last 7 days+0.008%+$1 · spread now +0.004%, 7d avg −0.002%

Together, before fees+0.064%+$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2463	0.0100	pay 0.0100% / 8h	1h 36m	$30.4M	$18.2M	75x
Short	BingX ADA-USDC	0.2463	0.0100	get 0.0100% / 8h	1h 36m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against KuCoin. 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 KuCoinbpFee BingXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.002%: $0.56
Slippage, 4 orders: −$32.47
Fee KuCoin: 6 bp × 2 orders: −$12
Fee BingX: 5 bp × 2 orders: −$10
Net: −$53.91
Costs to cover: 0.545%
Break-even: never at this rate

Slippage from KuCoin: live order book, 2 min ago; BingX: live order book, 15 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 KuCoin live order book, 2 min ago	1.22 bp	18.8 bp −$19	27.2 bp −$272	doesn't fit	doesn't fit
Sell BingX live order book, 15 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	0.2469	+0.237%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2471	+0.329%	$159K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2466	+0.110%	$85K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0034%	1h	0.2466	+0.138%	$479K	$349K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2467	+0.166%	$418K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0094%	1h	0.2466	+0.117%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	+0.069%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2464	+0.049%	$42.7M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	+0.095%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	+0.259%	$158K	$146K	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	0.2462	−0.029%	$102.2M	$356.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2463	+0.004%	$71.6M	$100.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2464	+0.045%	$32.0M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2462	−0.037%	$97.3M	$58.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2462	−0.037%	$53.2M	$50.5M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2463	long leg	$30.4M	$18.2M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2463	+0.004%	$66.0M	$42.9M	75x	as long as short
BingX ADA-USDCshort	+0.0100%	8h	0.2463	+0.004%	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2467	+0.146%	$103K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2473	+0.419%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2472	+0.377%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2471	+0.340%	$291K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2474	+0.451%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2466	+0.142%	$97K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2466	+0.126%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.140%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	+0.207%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2466	+0.130%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2469	+0.229%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2466	+0.126%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2469	+0.255%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	+0.008%	$558K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2472	+0.349%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.126%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2465	+0.088%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.329%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2466	+0.126%	$122K	—	100x	as long as short