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: Bybit against OKX0.000%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$350.349% of the position

Long on OKX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 7 days+0.024%+$2 · spread now 0.000%, 7d avg −0.001%

Together, before fees+0.043%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2471	0.0100	pay 0.0100% / 8h	4h 21m	$33.0M	$105.5M	50x
Short	Bybit ADAUSDT	0.2471	0.0100	get 0.0100% / 8h	4h 21m	$72.1M	$108.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against OKX. 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 OKXbpFee BybitbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → −0.001%: $0.13
Slippage, 4 orders: −$13.87
Fee OKX: 5 bp × 2 orders: −$10
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$34.74
Costs to cover: 0.349%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; Bybit: live order book, 2 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 OKX live order book, 2 min ago	2.02 bp	7.0 bp −$7	12.7 bp −$127	49.9 bp −$4,987	doesn't fit
Sell Bybit live order book, 2 min ago	2.02 bp	9.9 bp −$10	12.9 bp −$129	35.1 bp −$3,507	136.2 bp −$68.1K

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	0.2471	+0.007%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2473	+0.081%	$149K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2470	−0.025%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	0.000%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2471	0.000%	$427K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2471	−0.018%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2473	+0.081%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2469	−0.069%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2473	+0.074%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2472	+0.028%	$104.7M	$370.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDTshort	+0.0100%	8h	0.2471	0.000%	$72.1M	$108.6M	75x
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2471	long leg	$33.0M	$105.5M	50x
Gate ADA_USDT	+0.0100%	8h	0.2469	−0.081%	$98.6M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2470	−0.040%	$61.6M	$60.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2470	−0.045%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2469	−0.081%	$66.5M	$49.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2470	−0.040%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	−0.081%	$125K	$441K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	−0.039%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2473	+0.077%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2475	+0.163%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2473	+0.081%	$228K	$745K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2475	+0.178%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2472	+0.040%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2473	+0.076%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2476	+0.202%	$9K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.040%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2471	−0.002%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2470	−0.040%	$48.2M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2470	−0.046%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2474	+0.116%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0185%	1h	0.2470	−0.032%	$42.9M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2475	+0.142%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2471	0.000%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2473	+0.101%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0519%	1h	0.2473	+0.093%	$600K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2470	−0.042%	$133K	—	100x	as long as short