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Funding arb /

ADA

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Funding spread now, next payment 14:00 UTC−0.0034%/8h
paid, last 24h−0.026%paid, last 5 days−0.168%to open and close $10k−$42
Long on BingXShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ADA-USDT0.24400.0100pay 0.0100% / 8h1h 01m—$18.2M—
ShortPhoenix ADA0.24480.0066get 0.0008% / 1h1m 40s$4K$103K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$7.23
Slippage, 4 orders
−$24.51
Fee BingX: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$48.75
Break-even
never at this rate
Slippage from BingX: live order book, 13 min ago; Phoenix: live order book, 41 min ago.

Price risk

price view
Price gap now
+0.332%
Avg gap 7d
+0.043%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 13 min ago2.07 bp8.0 bp −$810.9 bp −$10914.8 bp −$1,48326.5 bp −$13.3K
Sell Phoenix live order book, 41 min ago0.83 bp13.2 bp −$1344.9 bp −$449doesn't fitdoesn't fit

ADA on 36 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kraken Futures PF_ADAUSD−0.0069%1h$5.9M$11.4M50xas long as short
dYdX ADA-USD0.0000%1h$202K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h$114K$5.6M3.2xas long as short
Deribit ADA_USDC-PERPETUAL0.0000%1h$464K$397K50xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h$84K—150xas long as short
Injective ADA/USDC PERP+0.0033%1h$832$124K12xas long as short
Phoenix ADAshort+0.0066%1h$4K$103K10x
Gate ADA_USDT+0.0075%8h$93.9M$57.7M75xas long as short
Lighter ADA+0.0096%1h$2.3M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h$41.7M$15.7M10xas long as short
Show all 36 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Aster ADAUSDT+0.0100%8h$1.1M$1.4M75xas long as short
Pacifica ADA+0.0100%1h$159K$174K10xas long as short
Binance ADAUSDT+0.0100%8h$102.4M$355.6M75xas long as short
Bybit ADAUSDT+0.0100%8h$70.6M$109.9M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h$32.4M$105.5M50xas long as short
MEXC ADA_USDT+0.0100%8h$51.0M$62.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h$30.2M$21.0M75xas long as short
Bitget ADAUSDT+0.0100%8h$63.9M$46.4M75xas long as short
BingX ADA-USDTlong+0.0100%8h—$18.2M—
Backpack ADA_USDC_PERP+0.0100%1h$103K$418K15xas long as short
Variational Omni ADA+0.0100%8h$4.2M$1.0M—as long as short
edgeX ADAUSDC+0.0100%4h$65K$353K20xas long as short
ApeX Omni ADAUSDT+0.0100%1h$228K$433K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h$94K$722K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h$9K$787K30xas long as short
SoDEX ADA-USD+0.0100%1h$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h$1.3M$4.9M75xas long as short
Phemex ADAUSDT+0.0100%8h$47.8M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h$21K$25020xas long as short
Extended ADA-USD+0.0104%1h$635K$1.6M50xas long as short
Coinbase International ADA-PERP-INTX+0.0136%1h$421K$6.8M50xas long as short
BloFin ADA-USDT+0.0220%8h$4.5M$6.2M75xas long as short
Reya ADARUSDPERP+0.0295%1h$1K—15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0543% / S −0.0293%1h$117K—100xas long as short