Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Binance against ApeX Omni−0.188%7-day average +0.001% · you buy dearer than you sell
Net, funding: paid 7d − costs−$52as in the Funding arb table
Net, price: spread back to 7d avg − costs−$64as in the Price arb table
costs, in and out, $10k−$450.448% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.067%−$7 on $10k
Price spread, last 4 days (all we have)+0.085%+$9 · spread now −0.188%, 7d avg +0.001%
Together, before fees+0.018%+$2 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: Binance is 0.189% cheaper against ApeX Omni than usual: you would sell low and buy high, −$19 on $10k if it goes back to its 7-day average of +0.001%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ADAUSDT0.25050.0100pay 0.0013% / 1h28m 49s$231K$753K50x
ShortBinance ADAUSDT0.25000.0100get 0.0100% / 8h3h 28m$106.6M$383.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Binance against ApeX Omni. 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

Funding earned
$0
Price spread: −0.188% → +0.001%
−$18.86
Slippage, 4 orders
−$24.82
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Binance: 5 bp × 2 orders
−$10
Net
−$63.68
Costs to cover
0.448%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 25 min ago; Binance: live order book, 15 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 25 min ago7.98 bp14.9 bp −$1542.8 bp −$428doesn't fitdoesn't fit
Sell Binance live order book, 15 min ago1.99 bp7.0 bp −$711.1 bp −$11128.1 bp −$2,81477.3 bp −$38.7K

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2505−0.019%$206K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2504−0.040%$152K$6.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2502−0.109%$86K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2503−0.090%$6.4M$13.0M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.357%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2508+0.120%$388K$8.3M50xas long as short
Lighter ADA+0.0096%1h0.2504−0.036%$2.5M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2501−0.161%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2506+0.024%$161K$169K10xas long as short
Binance ADAUSDTshort+0.0100%8h0.2500−0.188%$106.6M$383.2M75x
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2499−0.240%$75.4M$113.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2500−0.200%$33.5M$111.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2499−0.240%$102.2M$61.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2499−0.240%$60.2M$62.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2500−0.204%$30.1M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2500−0.200%$68.0M$51.3M75xas long as short
BingX ADA-USDT+0.0100%8h0.2500−0.200%$20.2Mas long as short
Variational Omni ADA+0.0100%8h0.2504−0.037%$4.4M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2504−0.054%$67K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2504−0.027%$303K$3.9M10xas long as short
ApeX Omni ADAUSDTlong+0.0100%1h0.2505long leg$231K$753K50x
Polymarket Perps ADA-USD+0.0100%1h0.2503−0.068%$96K$618K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2502−0.120%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2503−0.098%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2507+0.078%$9K$737K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2502−0.100%$344$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2505−0.010%$1.4M$6.7M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2502−0.120%$48.8M$6.9M50xas long as short
Extended ADA-USD+0.0104%1h0.2499−0.229%$542K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0113%8h0.2500−0.180%$21K$25020xas long as short
Phoenix ADA+0.0161%1h0.2510+0.180%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2502−0.120%$4.7M$5.9M75xas long as short
Reya ADARUSDPERP+0.0277%1h0.2504−0.042%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0308%1h0.2501−0.148%$139K$461K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0350%1h0.2503−0.076%$615K$533K50xas long as short
Hyperliquid ADA+0.0464%1h0.2502−0.124%$44.8M$16.0M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0617% / S −0.0569%1h0.2502−0.127%$139K100xas long as short