Funding arb · Price arb /

ADA

all ADA markets

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: OKX against Binance+0.045%7-day average −0.012% · 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−$25as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Binance Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.010%−$1 on $10k

Price spread, last 7 days−0.045%−$4 · spread now +0.045%, 7d avg −0.012%

Together, before fees−0.054%−$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: OKX is 0.057% dearer against Binance than usual: you sell high and buy low, +$6 on $10k if it goes back to its 7-day average of −0.012%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2423	0.0100	pay 0.0100% / 8h	2h 33m	$102.3M	$402.3M	75x
Short	OKX ADA-USDT-SWAP	0.2424	0.0100	get 0.0100% / 8h	2h 33m	$32.4M	$112.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.012%: $5.72
Slippage, 4 orders: −$10.65
Fee Binance: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$24.93
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Binance: live order book, 11 min ago; OKX: 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 Binance live order book, 11 min ago	2.03 bp	7.0 bp −$7	12.1 bp −$121	30.3 bp −$3,031	91.6 bp −$45.8K
Sell OKX live order book, 6 min ago	2.05 bp	9.5 bp −$10	14.9 bp −$149	51.4 bp −$5,140	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	−0.048%	$199K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2425	+0.086%	$168K	$7.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2423	−0.013%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2424	+0.058%	$6.2M	$13.4M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2444	+0.874%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.985%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2427	+0.148%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2423	+0.012%	$41.8M	$17.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2423	−0.007%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2423	+0.016%	$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	0.2423	long leg	$102.3M	$402.3M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2423	+0.004%	$71.2M	$121.3M	75x	as long as short
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2424	+0.045%	$32.4M	$112.6M	50x
Gate ADA_USDT	+0.0100%	8h	0.2421	−0.079%	$97.9M	$63.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2424	+0.045%	$53.7M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2425	+0.074%	$29.1M	$15.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2422	−0.038%	$66.0M	$52.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2422	−0.038%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2424	+0.061%	$112K	$471K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2440	+0.710%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2445	+0.904%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2442	+0.779%	$291K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2445	+0.912%	$198K	$780K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2421	−0.067%	$124K	$852K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2423	+0.004%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2424	+0.035%	$39K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2425	+0.086%	$8K	$753K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2424	+0.065%	$333	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2423	+0.014%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2425	+0.086%	$47.3M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2424	+0.033%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2423	+0.018%	$528K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2422	−0.038%	$366K	$8.1M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2423	+0.004%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2423	−0.016%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0328%	1h	0.2425	+0.078%	$597K	$551K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0421% / S −0.0317%	1h	0.2423	−0.001%	$90K	—	100x	as long as short