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% APRpaid last 24h 0.000%

Price spread now: edgeX against BingX+0.294%85s7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$45as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.492% of the position

Long on BingX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.044%+$4 on $10k

Price spread, last 4 days (all we have)+0.460%+$46 · spread now +0.294%, 7d avg −0.001%

Together, before fees+0.504%+ Points / potential airdropedgeX: Active · farm board+$50 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: edgeX is 0.296% dearer against BingX than usual: you sell high and buy low, +$30 on $10k if it goes back to its 7-day average of −0.001%. The two prices were read 85 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDC	0.2449	0.0100	pay 0.0100% / 8h	40m 13s	—	$6.6M	—
Short	edgeX ADAUSDC	0.2456	0.0100	get 0.0050% / 4h	40m 13s	$66K	$286K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BingX. 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 BingXbpFee edgeXbpOrdersPrice spread, now +0.294%Rate

Funding earned: $0
Price spread: +0.294% → −0.001%: $29.59
Slippage, 4 orders: −$30.15
Fee BingX: 5 bp × 2 orders: −$10
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$19.57
Costs to cover: 0.492%
Break-even: never at this rate

Slippage from BingX: live order book, 11 min ago; edgeX: live order book, 63 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, 11 min ago	4.09 bp	12.6 bp −$13	27.5 bp −$275	86.8 bp −$8,676	514.2 bp −$257.1K
Sell edgeX live order book, 63 min ago	6.16 bp	11.3 bp −$11	27.8 bp −$278	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	0.2453	+0.172%	$202K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	+0.056%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.898%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.069%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	+0.082%	$6K	$5K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2450	+0.056%	$43.1M	$18.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	+0.028%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2454	+0.200%	$157K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2449	+0.016%	$103.1M	$407.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2448	−0.041%	$72.9M	$125.3M	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	0.2448	−0.041%	$32.6M	$118.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.041%	$100.4M	$64.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	0.000%	$52.3M	$65.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2449	+0.012%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	0.000%	$66.6M	$53.8M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2449	long leg	—	$6.6M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	+0.004%	$139K	$486K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2455	+0.246%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2456	+0.294%	$66K	$286K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	+0.242%	$299K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.327%	$78K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	+0.086%	$122K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2451	+0.083%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2451	+0.080%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	+0.020%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.097%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	0.000%	$47.4M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	+0.034%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2454	+0.185%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2450	+0.041%	$179K	$7.6M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2451	+0.082%	$370K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.286%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2459	+0.396%	$4K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2448	−0.041%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0280%	1h	0.2449	−0.007%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0602% / S −0.0679%	1h	0.2450	+0.044%	$156K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1505%	1h	0.2455	+0.237%	$625K	$614K	50x	as long as short