Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.020%

Price spread now: dYdX against Binance+0.062%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$242as in the Funding arb table

Net, price: spread back to 7d avg − costs−$221as in the Price arb table

costs, in and out, $10k−$2302.303% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.114%−$11 on $10k

Price spread, last 4 days (all we have)−0.185%−$19 · spread now +0.062%, 7d avg −0.031%

Together, before fees−0.300%−$30 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.092% dearer against Binance than usual: you sell high and buy low (spread +0.062% now, against its 7-day average of −0.031%): +$9 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 3.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2469	0.0100	pay 0.0100% / 8h	5h 53m	$105.8M	$381.1M	75x
Short	dYdX ADA-USD	0.2471	0	get 0.0000% / 1h	53m 01s	$206K	$5K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Binance. 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 BinancebpFee dYdXbpOrdersPrice spread, now +0.062%Rate

Funding earned: −$21
Price spread: +0.062% → −0.031%: $9.22
Slippage, 4 orders: −$210.34
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$242.12
Costs to cover: 2.303%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; dYdX: live order book, 59 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 Binance live order book, 14 min ago	2.02 bp	7.0 bp −$7	10.1 bp −$101	31.9 bp −$3,186	107.4 bp −$53.7K
Sell dYdX live order book, 59 min ago	101.26 bp	106.3 bp −$106	120.0 bp −$1,200	122.2 bp −$12.2K	125.8 bp −$62.9K

ADA on 36 exchanges

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-USDshort	0.0000%	1h	0.2471	+0.062%	$206K	$5K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2472	+0.113%	$233K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2470	+0.039%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0031%	1h	0.2471	+0.057%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.073%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2471	+0.081%	$2.4M	$934K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	+0.018%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2471	+0.073%	$158K	$151K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2469	long leg	$105.8M	$381.1M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2467	−0.089%	$74.2M	$121.6M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2466	−0.130%	$32.6M	$107.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2468	−0.049%	$101.6M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2466	−0.130%	$49.7M	$67.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	+0.056%	$29.6M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2466	−0.130%	$67.4M	$50.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2469	−0.008%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2470	+0.052%	$141K	$449K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2472	+0.108%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2475	+0.216%	$66K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2473	+0.154%	$290K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2473	+0.154%	$70K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2470	+0.052%	$119K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2469	−0.008%	$6K	$5K	20x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2471	+0.071%	$8K	$672K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2470	+0.052%	$340	$6K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2471	+0.063%	$1.3M	$6.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2471	+0.073%	$47.7M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2470	+0.046%	$20K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2466	−0.143%	$543K	$1.7M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0114%	1h	0.2471	+0.085%	$608K	$798K	50x	as long as short
Hyperliquid ADA	+0.0120%	1h	0.2472	+0.105%	$44.1M	$17.4M	10x	as long as short
Phoenix ADA	+0.0161%	1h	0.2472	+0.133%	$3K	$104K	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0176%	1h	0.2472	+0.113%	$404K	$8.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2470	+0.032%	$4.6M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2470	+0.024%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2470	+0.022%	$88K	—	100x	as long as short