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 −0.003%

Price spread now: Gate against Binance−0.014%7-day average −0.034% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.400% of the position

Long on Binance Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.030%+$3 · spread now −0.014%, 7d avg −0.034%

Together, before fees+0.052%+$5 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: Gate is 0.020% dearer against Binance than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.034%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2478	0.0100	pay 0.0100% / 8h	7h 11m	$103.4M	$367.6M	75x
Short	Gate ADA_USDT	0.2478	0.0100	get 0.0100% / 8h	7h 11m	$99.0M	$59.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → −0.034%: $2
Slippage, 4 orders: −$15.01
Fee Binance: 5 bp × 2 orders: −$10
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$38.01
Costs to cover: 0.400%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; Gate: 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 Binance live order book, 2 min ago	2.01 bp	7.0 bp −$7	11.4 bp −$114	27.2 bp −$2,725	100.1 bp −$50.1K
Sell Gate live order book, 2 min ago	2.01 bp	13.3 bp −$13	17.5 bp −$175	84.4 bp −$8,443	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	0.2478	−0.002%	$204K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2479	+0.026%	$203K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2479	+0.038%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.297%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2478	−0.014%	$426K	$7.4M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2479	+0.042%	$6.3M	$11.8M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2475	−0.152%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2481	+0.107%	$1.2M	$956K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2479	+0.034%	$159K	$150K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2478	long leg	$103.4M	$367.6M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2477	−0.055%	$72.7M	$105.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2479	+0.026%	$32.8M	$107.8M	50x	as long as short
Gate ADA_USDTshort	+0.0100%	8h	0.2478	−0.014%	$99.0M	$59.8M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2478	−0.014%	$54.3M	$52.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2479	+0.030%	$30.5M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2480	+0.066%	$67.0M	$44.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2480	+0.066%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2480	+0.050%	$138K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	−0.171%	$4.3M	$968K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2480	+0.086%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2482	+0.143%	$294K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2485	+0.268%	$56K	$585K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2482	+0.147%	$95K	$649K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2480	+0.066%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2480	+0.077%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2481	+0.105%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2480	+0.070%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2479	+0.032%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2480	+0.066%	$48.4M	$5.7M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2479	+0.024%	$542K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2481	+0.104%	$21K	$250	20x	as long as short
Lighter ADA	+0.0192%	1h	0.2480	+0.074%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2485	+0.268%	$4.4M	$5.6M	75x	as long as short
Hyperliquid ADA	+0.0242%	1h	0.2482	+0.131%	$43.3M	$14.3M	10x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2479	+0.027%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0393%	1h	0.2479	+0.039%	$143K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1888%	1h	0.2484	+0.228%	$504K	$445K	50x	as long as short