Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against ApeX Omni+0.207%49s7-day average −0.003% · you sell dearer than you buy

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$380.379% of the position

Long on ApeX Omni Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.059%−$6 on $10k

Price spread, last 3 days (all we have)−0.309%−$31 · spread now +0.207%, 7d avg −0.003%

Together, before fees−0.369%−$37 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 0.210% dearer against ApeX Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.003%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2455	0.0100	pay 0.0013% / 1h	16m 44s	$55K	$581K	50x
Short	Binance ADAUSDT	0.2460	0.0100	get 0.0100% / 8h	1h 16m	$102.1M	$360.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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 ApeX OmnibpFee BinancebpOrdersPrice spread, now +0.207%Rate

Funding earned: $0
Price spread: +0.207% → −0.003%: $21.01
Slippage, 4 orders: −$17.89
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$16.88
Costs to cover: 0.379%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 66 min ago; Binance: live order book, 12 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 ApeX Omni live order book, 66 min ago	4.06 bp	13.1 bp −$13	42.7 bp −$427	doesn't fit	doesn't fit
Sell Binance live order book, 12 min ago	2.04 bp	7.0 bp −$7	10.6 bp −$106	25.2 bp −$2,517	79.3 bp −$39.6K

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	0.2458	+0.108%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2458	+0.122%	$154K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	+0.145%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2457	+0.081%	$410K	$7.3M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0076%	1h	0.2457	+0.065%	$479K	$351K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	+0.023%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	+0.236%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	+0.204%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2459	+0.163%	$1.2M	$921K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	+0.179%	$157K	$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 ADAUSDTshort	+0.0100%	8h	0.2460	+0.207%	$102.1M	$360.4M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2460	+0.204%	$71.5M	$102.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	+0.244%	$31.8M	$106.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	+0.204%	$97.2M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2459	+0.163%	$53.5M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	+0.138%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	+0.244%	$65.9M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2460	+0.204%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	+0.134%	$101K	$414K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.074%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	+0.028%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	+0.022%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2455	long leg	$55K	$581K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2459	+0.167%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	+0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	+0.075%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.207%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	+0.053%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.050%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.122%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2460	+0.199%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	+0.225%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2459	+0.143%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2460	+0.204%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2459	+0.166%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.652%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2458	+0.121%	$122K	—	100x	as long as short