Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against ApeX Omni+0.203%98s7-day average −0.011% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$460.458% of the position

Long on ApeX Omni Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.012%−$1 on $10k

Price spread, last 4 days (all we have)−0.588%−$59 · spread now +0.203%, 7d avg −0.011%

Together, before fees−0.600%−$60 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 0.214% dearer against ApeX Omni than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.011%. The two prices were read 98 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2459	0.0100	pay 0.0013% / 1h	47m 49s	$75K	$896K	50x
Short	BingX ADA-USDT	0.2464	0.0100	get 0.0100% / 8h	7h 47m	—	$20.3M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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

Position, each leg$Hold fordaysFee ApeX OmnibpFee BingXbpOrdersPrice spread, now +0.203%Rate

Funding earned: $0
Price spread: +0.203% → −0.011%: $21.43
Slippage, 4 orders: −$25.77
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee BingX: 5 bp × 2 orders: −$10
Net: −$24.35
Costs to cover: 0.458%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; BingX: live order book, 6 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 ApeX Omni live order book, 51 min ago	6.13 bp	14.6 bp −$15	47.2 bp −$472	doesn't fit	doesn't fit
Sell BingX live order book, 6 min ago	2.03 bp	10.9 bp −$11	11.5 bp −$115	20.3 bp −$2,027	42.5 bp −$21.3K

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	0.2463	+0.163%	$190K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	+0.222%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.488%	$849	$202K	12x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2465	+0.239%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	+0.169%	$158K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	+0.285%	$104.3M	$407.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	+0.203%	$73.5M	$127.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.244%	$32.8M	$119.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2464	+0.203%	$101.1M	$61.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2465	+0.244%	$59.1M	$67.4M	300x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	+0.244%	$29.6M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	+0.244%	$66.9M	$54.1M	75x	as long as short
BingX ADA-USDTshort	+0.0100%	8h	0.2464	+0.203%	—	$20.3M	—
Variational Omni ADA	+0.0100%	8h	0.2463	+0.166%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	−0.029%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.004%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2459	long leg	$75K	$896K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2463	+0.167%	$117K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	+0.244%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	+0.119%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	+0.254%	$8K	$754K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	+0.224%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	+0.169%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	+0.203%	$47.7M	$7.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	+0.239%	$506K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2463	+0.151%	$21K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2463	+0.163%	$367K	$8.5M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2464	+0.195%	$3K	$113K	10x	as long as short
dYdX ADA-USD	+0.0194%	1h	0.2461	+0.079%	$202K	$2K	10x	as long as short
Backpack ADA_USDC_PERP	+0.0195%	1h	0.2465	+0.260%	$142K	$485K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0198%	1h	0.2465	+0.236%	$6.4M	$14.1M	50x	as long as short
Lighter ADA	+0.0216%	1h	0.2467	+0.313%	$2.4M	$997K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2463	+0.163%	$4.5M	$5.9M	75x	as long as short
Hyperliquid ADA	+0.0250%	1h	0.2467	+0.309%	$43.3M	$18.5M	10x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2464	+0.204%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2464	+0.202%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0683%	1h	0.2466	+0.293%	$640K	$739K	50x	as long as short