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: Bybit against OKX0.000%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.032%+$3 · spread now 0.000%, 7d avg +0.001%

Together, before fees+0.050%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2464	0.0100	pay 0.0100% / 8h	1h 54m	$32.0M	$105.6M	50x
Short	Bybit ADAUSDT	0.2464	0.0100	get 0.0100% / 8h	1h 54m	$70.9M	$99.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.001%: −$0.06
Slippage, 4 orders: −$11.98
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$33.04
Costs to cover: 0.330%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; Bybit: 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 OKX live order book, 4 min ago	2.04 bp	7.0 bp −$7	14.6 bp −$146	48.5 bp −$4,851	doesn't fit
Sell Bybit live order book, 4 min ago	2.04 bp	10.6 bp −$11	13.5 bp −$135	36.6 bp −$3,663	160.1 bp −$80.1K

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	0.2463	−0.047%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2462	−0.081%	$162K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2465	+0.045%	$479K	$351K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.015%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2461	−0.122%	$409K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0094%	1h	0.2464	+0.013%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2466	+0.069%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2465	+0.020%	$42.7M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	+0.041%	$1.2M	$998K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	−0.050%	$158K	$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	0.2464	0.000%	$102.1M	$355.7M	75x	as long as short
Bybit ADAUSDTshort	+0.0100%	8h	0.2464	0.000%	$70.9M	$99.6M	75x
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2464	long leg	$32.0M	$105.6M	50x
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.041%	$97.1M	$57.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	0.000%	$53.1M	$50.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	+0.004%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	+0.041%	$65.9M	$42.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2464	0.000%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.061%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.151%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2450	−0.571%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.438%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.365%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	+0.041%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2464	−0.003%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	+0.039%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	−0.020%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.092%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	0.000%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	−0.039%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2464	+0.004%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2454	−0.402%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.081%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2465	+0.050%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.771%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2464	−0.020%	$122K	—	100x	as long as short