Funding you earn now, next payment 09:00 UTC+0.0465%/8h= +50.9% APRpaid last 24h +0.100%
Price spread now: Deribit against BingX−0.041%7-day average +0.026% · you buy dearer than you sell
Net, funding: paid 7d − costs−$25as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$300.301% of the position
Funding, last 7 days+0.047%+$5 on $10k
+Price spread, last 4 days (all we have)+0.152%+$15 · spread now −0.041%, 7d avg +0.026%
=Funding pays, the price is against you. Deribit is 0.067% cheaper against BingX than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of +0.026%). If the spread goes back, that is −$7 on $10k: about 11 hours of funding at the current rate (+$14 a day). At the pace of the last 7 days (+0.047% in total) that is about 9.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.047% in total (about 2.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ADA-USDT | 0.2457 | 0.0100 | pay 0.0100% / 8h | 7h 53m | — | $20.3M | — |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2456 | 0.0565 | get 0.0071% / 1h | 53m 22s | $637K | $738K | 50x |
BingX ADA-USDT
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against BingX. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $97.65
- Price spread: −0.041% → +0.026%
- −$6.67
- Slippage, 4 orders
- −$13.14
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $60.84
- Costs to cover
- 0.301%
- Break-even
- 2.6 days
Slippage from BingX: live order book, 15 min ago; Deribit: live order book, 45 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 BingX live order book, 15 min ago | 2.03 bp | 7.0 bp −$7 | 8.3 bp −$83 | 16.0 bp −$1,597 | 31.5 bp −$15.7K |
| Sell Deribit live order book, 45 min ago | 3.07 bp | 9.5 bp −$10 | doesn't fit | 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 | 0.2455 | −0.065% | $202K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2453 | −0.149% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.570% | $849 | $202K | 12x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2458 | +0.041% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2456 | −0.037% | $157K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2459 | +0.069% | $104.0M | $407.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2458 | +0.041% | $73.3M | $127.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2459 | +0.081% | $32.7M | $119.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2455 | −0.081% | $100.7M | $61.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2459 | +0.081% | $54.3M | $66.6M | 300x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2457 | −0.008% | $29.5M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2459 | +0.081% | $66.7M | $54.1M | 75x | as long as short |
| BingX ADA-USDTlong | +0.0100% | 8h | 0.2457 | long leg | — | $20.3M | — | |
| Variational Omni ADA | +0.0100% | 8h | 0.2455 | −0.078% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | −0.209% | $65K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2450 | −0.294% | $292K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2450 | −0.285% | $75K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2459 | +0.061% | $117K | $1.4M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2455 | −0.081% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2462 | +0.207% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2458 | +0.049% | $8K | $754K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2455 | −0.102% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2458 | +0.036% | $1.3M | $7.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2454 | −0.122% | $47.5M | $7.6M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0102% | 8h | 0.2456 | −0.041% | $212K | $7.8M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2456 | −0.028% | $506K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2457 | +0.012% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0112% | 1h | 0.2457 | +0.004% | $2.4M | $996K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2453 | −0.163% | $365K | $8.5M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2456 | −0.049% | $2K | $113K | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.0172% | 1h | 0.2455 | −0.069% | $141K | $486K | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0199% | 1h | 0.2455 | −0.098% | $6.4M | $14.1M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2452 | −0.204% | $4.5M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0272% | 1h | 0.2460 | +0.103% | $1K | — | 15x | as long as short |
| Hyperliquid ADA | +0.0361% | 1h | 0.2462 | +0.187% | $43.6M | $18.3M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0369% / S −0.0295% | 1h | 0.2454 | −0.120% | $87K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0565% | 1h | 0.2456 | −0.041% | $637K | $738K | 50x |
KuCoin ADAUSDTM
Bitget ADAUSDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Lighter ADA
Coinbase International ADA-PERP-INTX
Phoenix ADA
Backpack ADA_USDC_PERP
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Reya ADARUSDPERP
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]