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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 20:00 UTC0.0000%/8hpaid last 24h 0.000%
Price spread now: SoDEX against Binance−0.095%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.095% cheaper against Binance than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBinance ADAUSDT0.24300.0100pay 0.0100% / 8h4h 29m$101.3M$343.9M75x
ShortSoDEX ADA-USD0.24280.0100get 0.0013% / 1h29m 46s$334$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$0
Price spread: −0.095% → 0.000%
−$9.47
Slippage, 4 orders
no order book: not counted
Fee Binance: 5 bp × 2 orders
−$10
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$27.47
Costs to cover
0.180%
Break-even
never at this rate
Slippage unknown: Binance: live order book, 3 min ago; SoDEX: no order-book sample. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Binance live order book, 3 min ago2.06 bp7.1 bp −$78.6 bp −$8625.1 bp −$2,51192.4 bp −$46.2K
Sell SoDEX no order-book sample
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Injective ADA/USDC PERP−0.0071%1h0.2441+0.453%$838$97K12xas long as short
dYdX ADA-USD0.0000%1h0.2430−0.003%$200K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2428−0.082%$113K$5.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2428−0.086%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0064%1h0.2427−0.123%$464K$6.8M50xas long as short
Lighter ADA+0.0096%1h0.2432+0.074%$2.4M$1.2M10xas long as short
Hyperliquid ADA+0.0100%1h0.2431+0.037%$42.3M$13.8M10xas long as short
Aster ADAUSDT+0.0100%8h0.2430−0.018%$1.1M$999K75xas long as short
Pacifica ADA+0.0100%1h0.2430−0.005%$155K$146K10xas long as short
Binance ADAUSDTlong+0.0100%8h0.2430long leg$101.3M$343.9M75x
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2429−0.041%$70.5M$99.0M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2429−0.041%$32.2M$102.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2428−0.082%$95.8M$56.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2429−0.041%$52.1M$56.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2429−0.033%$30.3M$17.6M75xas long as short
Bitget ADAUSDT+0.0100%8h0.24300.000%$64.2M$41.7M75xas long as short
BingX ADA-USDT+0.0100%8h0.2429−0.041%$19.0Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2429−0.029%$100K$420K15xas long as short
Variational Omni ADA+0.0100%8h0.2427−0.103%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2428−0.102%$64K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2428−0.085%$289K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2428−0.082%$228K$460K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2429−0.062%$93K$730K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2428−0.082%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2429−0.059%$39K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2429−0.043%$9K$750K30xas long as short
SoDEX ADA-USDshort+0.0100%1h0.2428−0.095%$334$13K10x
HTX ADA-USDT+0.0100%8h0.2429−0.030%$1.3M$4.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2427−0.123%$47.2M$5.2M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2427−0.105%$20K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2429−0.028%$583K$1.8M50xas long as short
Phoenix ADA+0.0197%1h0.2427−0.107%$4K$87K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2431+0.041%$4.4M$4.9M75xas long as short
Deribit ADA_USDC-PERPETUAL+0.0285%1h0.2429−0.029%$474K$365K50xas long as short
Reya ADARUSDPERP+0.0289%1h0.2428−0.066%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0427%1h0.2428−0.069%$6.1M$10.8M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0436% / S −0.0207%1h0.2428−0.066%$95K100xas long as short