Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0068%/8h= −7.5% APRpaid last 24h −0.024%

Price spread now: dYdX against Binance+0.107%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$243as in the Funding arb table

Net, price: spread back to 7d avg − costs−$220as in the Price arb table

costs, in and out, $10k−$2342.336% of the position

Long on Binance Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.096%−$10 on $10k

Price spread, last 4 days (all we have)−0.160%−$16 · spread now +0.107%, 7d avg −0.030%

Together, before fees−0.255%−$26 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.137% dearer against Binance than usual: you sell high and buy low (spread +0.107% now, against its 7-day average of −0.030%): +$14 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 6.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2459	0.0100	pay 0.0100% / 8h	1h 05m	$103.7M	$407.6M	75x
Short	dYdX ADA-USD	0.2462	0.0032	get 0.0004% / 1h	5m 01s	$203K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.107%Rate

Funding earned: −$14.3
Price spread: +0.107% → −0.030%: $13.71
Slippage, 4 orders: −$213.62
Fee Binance: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$234.2
Costs to cover: 2.336%
Break-even: never at this rate

Slippage from Binance: live order book, 9 min ago; dYdX: live order book, 39 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, 9 min ago	2.03 bp	7.9 bp −$8	12.4 bp −$124	25.7 bp −$2,567	84.7 bp −$42.3K
Sell dYdX live order book, 39 min ago	104.36 bp	109.4 bp −$109	182.8 bp −$1,828	194.0 bp −$19.4K	209.5 bp −$104.7K

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	0.2462	+0.127%	$164K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	+0.058%	$84K	—	150x	as long as short
dYdX ADA-USDshort	+0.0032%	1h	0.2462	+0.107%	$203K	$2K	10x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.493%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.086%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2459	+0.010%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	+0.149%	$158K	$178K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2459	long leg	$103.7M	$407.6M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2458	−0.036%	$73.2M	$124.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.005%	$32.7M	$118.5M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2458	−0.036%	$100.6M	$65.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2458	−0.036%	$55.4M	$66.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.025%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.005%	$66.9M	$53.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2460	+0.045%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2464	+0.211%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.096%	$66K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.089%	$294K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.086%	$127K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	+0.229%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	+0.168%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.025%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	+0.041%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	−0.036%	$47.6M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2459	−0.003%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2463	+0.153%	$21K	$250	20x	as long as short
ApeX Omni ADAUSDT	+0.0112%	1h	0.2461	+0.086%	$79K	$893K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2464	+0.208%	$368K	$8.5M	50x	as long as short
Lighter ADA	+0.0128%	1h	0.2461	+0.082%	$2.4M	$1.0M	10x	as long as short
Backpack ADA_USDC_PERP	+0.0151%	1h	0.2459	+0.021%	$140K	$487K	15x	as long as short
Phoenix ADA	+0.0163%	1h	0.2464	+0.188%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0169%	1h	0.2459	+0.002%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2463	+0.167%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2462	+0.127%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0291%	1h	0.2461	+0.086%	$43.2M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0319%	1h	0.2462	+0.106%	$628K	$615K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0603% / S −0.0679%	1h	0.2460	+0.041%	$156K	—	100x	as long as short