Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against Binance+0.866%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs+$48as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Binance Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.069%+$7 on $10k

Price spread, last 4 days (all we have)−0.855%−$85 · spread now +0.866%, 7d avg −0.001%

Together, before fees−0.786%−$79 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: ApeX Omni is 0.867% dearer against Binance than usual: you sell high and buy low, +$87 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2424	0.0100	pay 0.0100% / 8h	2h 33m	$102.3M	$400.9M	75x
Short	ApeX Omni ADAUSDT	0.2445	0.0100	get 0.0013% / 1h	33m 25s	$198K	$780K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Binance. 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 BinancebpFee ApeX OmnibpOrdersPrice spread, now +0.866%Rate

Funding earned: $0
Price spread: +0.866% → −0.001%: $86.74
Slippage, 4 orders: −$18.67
Fee Binance: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $48.07
Costs to cover: 0.387%
Break-even: from the start

Slippage from Binance: live order book, 10 min ago; ApeX Omni: live order book, 15 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 Binance live order book, 10 min ago	2.03 bp	7.0 bp −$7	12.1 bp −$121	30.3 bp −$3,031	91.6 bp −$45.8K
Sell ApeX Omni live order book, 15 min ago	4.04 bp	12.8 bp −$13	44.4 bp −$444	doesn't fit	doesn't fit

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	0.2422	−0.092%	$199K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2429	+0.206%	$193K	$7.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2423	−0.058%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2425	+0.027%	$6.2M	$13.4M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2444	+0.829%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.939%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2424	+0.012%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2424	−0.021%	$41.8M	$17.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2424	+0.018%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2423	−0.029%	$155K	$170K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDTlong	+0.0100%	8h	0.2424	long leg	$102.3M	$400.9M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2422	−0.083%	$71.2M	$120.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2424	0.000%	$32.4M	$112.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2422	−0.083%	$97.9M	$63.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2423	−0.041%	$53.8M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2422	−0.070%	$29.1M	$15.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2422	−0.083%	$66.0M	$52.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2423	−0.041%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2425	+0.054%	$112K	$470K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2440	+0.665%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2445	+0.859%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2442	+0.734%	$291K	$4.0M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2445	+0.866%	$198K	$780K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2421	−0.111%	$124K	$852K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2425	+0.041%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2425	+0.051%	$39K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2436	+0.494%	$8K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2427	+0.103%	$334	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2427	+0.110%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2427	+0.124%	$47.3M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2424	−0.011%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2422	−0.068%	$528K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2426	+0.083%	$366K	$8.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0203%	1h	0.2427	+0.140%	$597K	$551K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2445	+0.866%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2423	−0.060%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0421% / S −0.0317%	1h	0.2423	−0.045%	$90K	—	100x	as long as short