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 OKX−0.041%7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$320.323% of the position

Long on OKX Short on BingX

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+0.113%+$11 · spread now −0.041%, 7d avg 0.000%

Together, before fees+0.166%+$17 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 0.041% cheaper against OKX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2441	0.0100	pay 0.0100% / 8h	2h 38m	$31.7M	$104.8M	50x
Short	BingX ADA-USDT	0.2440	0.0100	get 0.0100% / 8h	2h 38m	—	$20.7M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against OKX. 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 OKXbpFee BingXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → 0.000%: −$4.1
Slippage, 4 orders: −$12.26
Fee OKX: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$36.36
Costs to cover: 0.323%
Break-even: never at this rate

Slippage from OKX: live order book, 5 min ago; BingX: live order book, 5 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 OKX live order book, 5 min ago	2.04 bp	7.0 bp −$7	13.9 bp −$139	37.0 bp −$3,699	doesn't fit
Sell BingX live order book, 5 min ago	4.09 bp	9.1 bp −$9	9.8 bp −$98	15.7 bp −$1,571	29.7 bp −$14.8K

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	0.2440	−0.033%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2439	−0.082%	$152K	$5.9M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2441	−0.012%	$474K	$354K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.051%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2434	−0.287%	$405K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2441	+0.004%	$2.4M	$1.3M	10x	as long as short
Gate ADA_USDT	+0.0096%	8h	0.2438	−0.123%	$96.5M	$57.3M	75x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2440	−0.042%	$42.3M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	−0.053%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2440	−0.031%	$156K	$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	0.2440	−0.021%	$100.4M	$355.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2440	−0.041%	$70.2M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2441	long leg	$31.7M	$104.8M	50x
MEXC ADA_USDT	+0.0100%	8h	0.2440	−0.041%	$52.4M	$56.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2439	−0.082%	$30.3M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2439	−0.082%	$65.3M	$42.7M	75x	as long as short
BingX ADA-USDTshort	+0.0100%	8h	0.2440	−0.041%	—	$20.7M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	−0.098%	$101K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.267%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2449	+0.311%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.284%	$286K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2448	+0.287%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2440	−0.053%	$96K	$667K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	−0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	−0.012%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2441	0.000%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2438	−0.139%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2440	−0.048%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2439	−0.082%	$47.6M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2442	+0.045%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2438	−0.113%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2447	+0.242%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2438	−0.123%	$4.3M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2440	−0.050%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0339%	1h	0.2438	−0.129%	$6.1M	$11.5M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0520% / S −0.0277%	1h	0.2440	−0.045%	$112K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.655%	$844	$95K	12x	as long as short