Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against BingX+0.018%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$46as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on BingX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.044%−$4 on $10k

Price spread, last 7 days−0.018%−$2 · spread now +0.018%, 7d avg +0.007%

Together, before fees−0.062%−$6 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2462	0.0100	pay 0.0100% / 8h	2h 59m	—	$6.6M	—
Short	Binance ADAUSDT	0.2462	0.0100	get 0.0100% / 8h	2h 59m	$103.7M	$391.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.018%Rate

Funding earned: $0
Price spread: +0.018% → +0.007%: $1.14
Slippage, 4 orders: −$21.91
Fee BingX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$40.77
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; Binance: live order book, 14 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, 7 min ago	4.04 bp	16.8 bp −$17	30.3 bp −$303	83.6 bp −$8,364	503.6 bp −$251.8K
Sell Binance live order book, 14 min ago	2.02 bp	7.0 bp −$7	11.9 bp −$119	26.7 bp −$2,670	78.4 bp −$39.2K

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	0.2466	+0.142%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2466	+0.162%	$136K	$6.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	+0.137%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2464	+0.093%	$6.3M	$13.3M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.366%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2465	+0.122%	$404K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2467	+0.207%	$2.4M	$985K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2466	+0.153%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2466	+0.160%	$158K	$170K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2462	+0.018%	$103.7M	$391.9M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2462	0.000%	$73.8M	$116.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2463	+0.041%	$33.0M	$111.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2461	−0.041%	$99.6M	$63.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2462	0.000%	$58.8M	$63.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2463	+0.032%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	+0.081%	$66.9M	$51.5M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2462	long leg	—	$6.6M	—
Variational Omni ADA	+0.0100%	8h	0.2466	+0.165%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2471	+0.357%	$66K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2473	+0.455%	$290K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2467	+0.203%	$227K	$757K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2466	+0.175%	$93K	$633K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	+0.122%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.163%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2467	+0.201%	$8K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	+0.142%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.166%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	+0.081%	$48.0M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2466	+0.161%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.007%	$534K	$1.8M	50x	as long as short
Hyperliquid ADA	+0.0105%	1h	0.2465	+0.142%	$43.8M	$16.3M	10x	as long as short
Backpack ADA_USDC_PERP	+0.0115%	1h	0.2465	+0.126%	$123K	$456K	15x	as long as short
Phoenix ADA	+0.0161%	1h	0.2470	+0.333%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.162%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2466	+0.142%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0277%	1h	0.2467	+0.183%	$606K	$533K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0623% / S −0.0585%	1h	0.2465	+0.111%	$140K	—	100x	as long as short