Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Backpack against BingX−0.218%7-day average — · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$66as in the Price arb table
costs, in and out, $10k−$440.442% of the position
Funding, last 7 days−0.135%−$14 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.218% cheaper against BingX than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ADA-USDC | 0.2427 | 0.0100 | pay 0.0100% / 8h | 2h 22m | — | $6.5M | — |
| Short | Backpack ADA_USDC_PERP | 0.2422 | 0.0100 | get 0.0013% / 1h | 22m 15s | $125K | $478K | 15x |
BingX ADA-USDC
Backpack ADA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $0
- Price spread: −0.218% → 0.000%
- −$21.84
- Slippage, 4 orders
- −$24.25
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$66.09
- Costs to cover
- 0.442%
- Break-even
- never at this rate
Slippage from BingX: live order book, 14 min ago; Backpack: live order book, 26 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, 14 min ago | 4.10 bp | 15.2 bp −$15 | 36.1 bp −$361 | 88.7 bp −$8,865 | 546.7 bp −$273.3K |
| Sell Backpack live order book, 26 min ago | 0.61 bp | 6.9 bp −$7 | 11.5 bp −$115 | 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 | 0.2427 | 0.000% | $202K | $7.5M | 3.2x | as long as short |
| dYdX ADA-USD | +0.0002% | 1h | 0.2422 | −0.205% | $199K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2425 | −0.066% | $83K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0020% | 1h | 0.2430 | +0.130% | $6.2M | $13.7M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2415 | −0.486% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.813% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2431 | +0.157% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2427 | +0.008% | $41.8M | $17.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2429 | +0.076% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2424 | −0.119% | $155K | $176K | 10x | as long as short |
Kalshi KXADAPERP
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2431 | +0.165% | $102.2M | $407.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2430 | +0.124% | $71.3M | $123.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2431 | +0.165% | $32.2M | $116.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2426 | −0.041% | $98.6M | $64.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2429 | +0.082% | $52.7M | $64.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2430 | +0.107% | $29.1M | $15.7M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2430 | +0.124% | $66.0M | $53.0M | 75x | as long as short |
| BingX ADA-USDClong | +0.0100% | 8h | 0.2427 | long leg | — | $6.5M | — | |
| Backpack ADA_USDC_PERPshort | +0.0100% | 1h | 0.2422 | −0.218% | $125K | $478K | 15x | |
| Variational Omni ADA | +0.0100% | 8h | 0.2414 | −0.531% | $4.1M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2410 | −0.685% | $64K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2419 | −0.337% | $284K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2408 | −0.783% | $84K | $882K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2425 | −0.070% | $114K | $918K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2428 | +0.041% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2429 | +0.097% | $39K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2431 | +0.163% | $8K | $764K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2430 | +0.124% | $334 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2423 | −0.174% | $1.3M | $6.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2429 | +0.082% | $47.2M | $7.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2424 | −0.120% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2429 | +0.096% | $519K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2422 | −0.206% | $377K | $8.4M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2419 | −0.330% | $4.4M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2426 | −0.061% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0638% / S −0.0701% | 1h | 0.2426 | −0.056% | $158K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0697% | 1h | 0.2430 | +0.140% | $605K | $597K | 50x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL