Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0002%/8h= +0.2% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against BingX+0.285%7-day average +0.014% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$460.459% of the position

Long on BingX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.025%+$3 on $10k

Price spread, last 4 days (all we have)−0.282%−$28 · spread now +0.285%, 7d avg +0.014%

Together, before fees−0.257%−$26 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: ApeX Omni is 0.272% dearer against BingX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2455	0.0100	pay 0.0100% / 8h	1h 03m	—	$6.5M	—
Short	ApeX Omni ADAUSDT	0.2462	0.0102	get 0.0013% / 1h	3m 02s	$79K	$893K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against BingX. 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 BingXbpFee ApeX OmnibpOrdersPrice spread, now +0.285%Rate

Funding earned: $0.34
Price spread: +0.285% → +0.014%: $27.15
Slippage, 4 orders: −$25.94
Fee BingX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$18.45
Costs to cover: 0.459%
Break-even: 391.3 days

Slippage from BingX: live order book, 3 min ago; ApeX Omni: live order book, 41 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 BingX live order book, 3 min ago	4.06 bp	12.3 bp −$12	24.4 bp −$244	80.3 bp −$8,025	482.9 bp −$241.5K
Sell ApeX Omni live order book, 41 min ago	2.05 bp	8.5 bp −$8	39.4 bp −$394	doesn't fit	doesn't fit

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
Kalshi KXADAPERP	0.0000%	8h	0.2455	0.000%	$172K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.070%	$84K	—	150x	as long as short
dYdX ADA-USD	+0.0031%	1h	0.2451	−0.158%	$202K	$2K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.652%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	−0.081%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	−0.080%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	−0.070%	$157K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	−0.081%	$103.4M	$407.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2452	−0.122%	$72.9M	$125.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	−0.122%	$32.7M	$118.2M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2453	−0.081%	$100.4M	$65.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2453	−0.081%	$53.3M	$66.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	−0.041%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2452	−0.122%	$66.7M	$53.5M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2455	long leg	—	$6.5M	—
Variational Omni ADA	+0.0100%	8h	0.2464	+0.369%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.291%	$66K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.258%	$300K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	−0.045%	$127K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	−0.018%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	0.000%	$8K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	−0.020%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.018%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	−0.041%	$47.6M	$7.5M	50x	as long as short
ApeX Omni ADAUSDTshort	+0.0102%	1h	0.2462	+0.285%	$79K	$893K	50x
Extended ADA-USD	+0.0104%	1h	0.2452	−0.130%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2455	−0.008%	$21K	$250	20x	as long as short
Lighter ADA	+0.0120%	1h	0.2456	+0.049%	$2.4M	$1.0M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2453	−0.081%	$366K	$8.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0133%	1h	0.2454	−0.029%	$139K	$487K	15x	as long as short
Phoenix ADA	+0.0163%	1h	0.2462	+0.289%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0170%	1h	0.2455	−0.017%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2454	−0.041%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2453	−0.081%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0285%	1h	0.2455	+0.004%	$43.1M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0443%	1h	0.2455	−0.004%	$625K	$616K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0602% / S −0.0679%	1h	0.2452	−0.132%	$156K	—	100x	as long as short