Funding arb · Price arb /

ADA

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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: OKX against BingX0.000%7-day average −0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days−0.057%−$6 · spread now 0.000%, 7d avg −0.006%

Together, before fees−0.110%−$11 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	0.2452	0.0100	pay 0.0100% / 8h	1h 02m	—	$6.5M	—
Short	OKX ADA-USDT-SWAP	0.2452	0.0100	get 0.0100% / 8h	1h 02m	$32.6M	$118.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.006%: $0.56
Slippage, 4 orders: −$24.31
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$43.75
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from BingX: live order book, 4 min ago; OKX: live order book, 1 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, 4 min ago	4.06 bp	12.3 bp −$12	24.4 bp −$244	80.3 bp −$8,025	482.9 bp −$241.5K
Sell OKX live order book, 1 min ago	2.04 bp	10.3 bp −$10	14.9 bp −$149	38.4 bp −$3,841	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	+0.122%	$172K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	+0.052%	$84K	—	150x	as long as short
dYdX ADA-USD	+0.0030%	1h	0.2452	−0.009%	$202K	$2K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.775%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	+0.041%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2452	+0.015%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	+0.022%	$157K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	+0.035%	$103.4M	$407.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2452	0.000%	$72.9M	$125.0M	75x	as long as short
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2452	0.000%	$32.6M	$118.2M	50x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2452	0.000%	$100.4M	$65.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	0.000%	$53.3M	$66.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	−0.008%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2452	0.000%	$66.7M	$53.5M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2452	long leg	—	$6.5M	—
Variational Omni ADA	+0.0100%	8h	0.2464	+0.492%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.413%	$66K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.381%	$300K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.077%	$127K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	+0.104%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.122%	$8K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.102%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.141%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	+0.082%	$47.6M	$7.5M	50x	as long as short
ApeX Omni ADAUSDT	+0.0102%	1h	0.2462	+0.408%	$79K	$893K	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	−0.008%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2453	+0.043%	$21K	$250	20x	as long as short
Lighter ADA	+0.0120%	1h	0.2454	+0.069%	$2.4M	$1.0M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2453	+0.041%	$366K	$8.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0133%	1h	0.2454	+0.094%	$139K	$487K	15x	as long as short
Phoenix ADA	+0.0163%	1h	0.2462	+0.412%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0170%	1h	0.2455	+0.105%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2454	+0.082%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2453	+0.041%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0284%	1h	0.2453	+0.057%	$43.1M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0443%	1h	0.2455	+0.118%	$625K	$616K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0602% / S −0.0679%	1h	0.2452	−0.010%	$156K	—	100x	as long as short