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 0.000%

Price spread now: HTX against Binance−0.095%7-day average −0.001% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$370.374% of the position

Long on Binance Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 3 days (all we have)+0.153%+$15 · spread now −0.095%, 7d avg −0.001%

Together, before fees+0.241%+$24 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: HTX is 0.095% cheaper against Binance than usual: you would sell low and buy high, −$9 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	0.2441	0.0100	pay 0.0100% / 8h	6h 41m	$102.0M	$376.1M	75x
Short	HTX ADA-USDT	0.2439	0.0100	get 0.0100% / 8h	6h 41m	$1.3M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.095%Rate

Funding earned: $0
Price spread: −0.095% → −0.001%: −$9.49
Slippage, 4 orders: −$15.38
Fee Binance: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$46.87
Costs to cover: 0.374%
Break-even: never at this rate

Slippage from Binance: live order book, 2 min ago; HTX: live order book, 3 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	2.04 bp	7.0 bp −$7	12.0 bp −$120	29.4 bp −$2,941	97.9 bp −$48.9K
Sell HTX live order book, 3 min ago	1.44 bp	8.9 bp −$9	16.0 bp −$160	51.4 bp −$5,142	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	0.2439	−0.098%	$201K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2439	−0.063%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.229%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2442	+0.041%	$413K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2441	+0.016%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	+0.033%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	+0.026%	$1.2M	$971K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2440	−0.037%	$158K	$158K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2441	long leg	$102.0M	$376.1M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2440	−0.041%	$71.8M	$108.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	−0.041%	$32.4M	$108.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2439	−0.082%	$97.7M	$59.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2440	−0.041%	$50.1M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2442	+0.029%	$29.8M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2439	−0.082%	$65.1M	$46.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2441	0.000%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2444	+0.123%	$126K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2439	−0.077%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2457	+0.641%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.490%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	+0.574%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2442	+0.029%	$89K	$660K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2439	−0.082%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2440	−0.024%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.082%	$9K	$774K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2440	−0.061%	$336	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2439	−0.095%	$1.3M	$5.8M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2439	−0.082%	$47.5M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2438	−0.106%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2442	+0.061%	$20K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0111%	8h	0.2443	+0.082%	$197K	$6.2M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2453	+0.479%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.737%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2441	−0.019%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0283%	1h	0.2440	−0.041%	$499K	$473K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0356%	1h	0.2440	−0.061%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0621% / S −0.0389%	1h	0.2439	−0.067%	$139K	—	100x	as long as short