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: BingX against Bybit+0.041%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$420.420% of the position

Long on Bybit Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.035%+$4 on $10k

Price spread, last 7 days−0.041%−$4 · spread now +0.041%, 7d avg +0.007%

Together, before fees−0.006%−$1 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: BingX is 0.034% dearer against Bybit than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2452	0.0100	pay 0.0100% / 8h	6h 21m	$71.9M	$108.3M	75x
Short	BingX ADA-USDC	0.2453	0.0100	get 0.0100% / 8h	6h 21m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against Bybit. 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 BybitbpFee BingXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.007%: $3.35
Slippage, 4 orders: −$20.96
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee BingX: 5 bp × 2 orders: −$10
Net: −$38.61
Costs to cover: 0.420%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; BingX: live order book, 10 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 Bybit live order book, 3 min ago	2.03 bp	7.5 bp −$8	11.4 bp −$114	31.7 bp −$3,173	138.9 bp −$69.4K
Sell BingX live order book, 10 min ago	4.08 bp	12.9 bp −$13	20.7 bp −$207	74.1 bp −$7,406	625.5 bp −$312.8K

ADA on 36 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	0.2456	+0.145%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	+0.137%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.775%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2462	+0.408%	$406K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	+0.069%	$42.8M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	+0.162%	$1.2M	$968K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	+0.196%	$159K	$156K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	+0.057%	$102.9M	$372.0M	75x	as long as short
Bybit ADAUSDTlong	+0.0100%	8h	0.2452	long leg	$71.9M	$108.3M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	0.000%	$32.5M	$107.2M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2450	−0.082%	$97.7M	$60.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2453	+0.041%	$58.5M	$52.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	+0.139%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	−0.041%	$65.6M	$47.0M	75x	as long as short
BingX ADA-USDCshort	+0.0100%	8h	0.2453	+0.041%	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2452	+0.020%	$127K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.165%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.350%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	+0.294%	$300K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2462	+0.408%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2457	+0.192%	$93K	$669K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	+0.163%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	+0.190%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.325%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.143%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	+0.071%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	0.000%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	+0.176%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2457	+0.197%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0111%	8h	0.2455	+0.122%	$153K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2470	+0.714%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0184%	1h	0.2457	+0.196%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2456	+0.183%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0320%	1h	0.2457	+0.192%	$502K	$470K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2455	+0.122%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2455	+0.129%	$95K	—	100x	as long as short