Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against Pacifica−0.145%7-day average +0.008% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$47as in the Price arb table
costs, in and out, $10k−$310.314% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.076%−$8 on $10k
Price spread, last 4 days (all we have)+0.190%+$19 · spread now −0.145%, 7d avg +0.008%
Together, before fees+0.114%+ Points / potential airdropPacifica: Active · farm board+$11 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: Binance is 0.154% cheaper against Pacifica than usual: you would sell low and buy high, −$15 on $10k if it goes back to its 7-day average of +0.008%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPacifica ADA0.24610.0100pay 0.0013% / 1h17m 58s$157K$147K10x
ShortBinance ADAUSDT0.24580.0100get 0.0100% / 8h2h 17m$101.6M$355.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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

Funding earned
$0
Price spread: −0.145% → +0.008%
−$15.37
Slippage, 4 orders
−$13.44
Fee Pacifica: 4 bp × 2 orders
−$8
Fee Binance: 5 bp × 2 orders
−$10
Net
−$46.81
Costs to cover
0.314%
Break-even
never at this rate
Slippage from Pacifica: live order book, 5 min ago; Binance: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Pacifica live order book, 5 min ago3.45 bp8.8 bp −$9doesn't fitdoesn't fitdoesn't fit
Sell Binance live order book, 11 min ago2.04 bp7.0 bp −$78.7 bp −$8721.1 bp −$2,11387.0 bp −$43.5K

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2460−0.043%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2460−0.051%$153K$5.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2460−0.039%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2462+0.030%$408K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2460−0.035%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2457−0.177%$42.6M$14.5M10xas long as short
Aster ADAUSDT+0.0100%8h0.2459−0.086%$1.2M$1.0M75xas long as short
Pacifica ADAlong+0.0100%1h0.2461long leg$157K$147K10x
Binance ADAUSDTshort+0.0100%8h0.2458−0.145%$101.6M$355.5M75x
Bybit ADAUSDT+0.0100%8h0.2457−0.173%$70.6M$99.9M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2457−0.173%$31.9M$105.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2456−0.214%$97.3M$58.0M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2456−0.214%$52.9M$56.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2457−0.169%$30.3M$18.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2457−0.173%$65.8M$42.9M75xas long as short
BingX ADA-USDC+0.0100%8h0.2457−0.173%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2457−0.157%$101K$410K15xas long as short
Variational Omni ADA+0.0100%8h0.2460−0.036%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2461+0.007%$66K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2454−0.290%$289K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2462+0.030%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2461−0.019%$97K$624K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2460−0.051%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2461−0.001%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2462+0.030%$9K$756K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2461+0.006%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2460−0.045%$1.3M$5.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2457−0.173%$48.0M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2462+0.011%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2456−0.205%$559K$1.8M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0116%1h0.2462+0.030%$478K$353K50xas long as short
Phoenix ADA+0.0195%1h0.2464+0.107%$4K$82K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2462+0.030%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0286%1h0.2461+0.002%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0335%1h0.2461−0.017%$6.2M$11.4M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0505% / S −0.0263%1h0.2460−0.038%$110K100xas long as short
Injective ADA/USDC PERP+0.0533%1h0.2440−0.864%$838$131K12xas long as short