Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against BingX−0.026%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on BingX Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.026% cheaper against BingX than usual: you would sell low and buy high (−$3 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDT	0.2470	0.0100	pay 0.0100% / 8h	4h 23m	—	$20.0M	—
Short	gTrade (Gains Network) ADA/USD	0.2469	L +0.0005% / S −0.0003%	get 0.0000% / 1h	23m 19s	$84K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.026%Rate

Funding earned: −$20.35
Price spread: −0.026% → 0.000%: −$2.63
Slippage, 4 orders: no order book: not counted
Fee BingX: 5 bp × 2 orders: −$10
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$42.98
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: BingX: live order book, 15 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	4.07 bp	9.1 bp −$9	9.1 bp −$91	15.3 bp −$1,529	33.0 bp −$16.5K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2470	−0.020%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	+0.081%	$149K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2469	−0.026%	$84K	—	150x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.040%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2471	+0.040%	$425K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2472	+0.062%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2472	+0.069%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2471	+0.021%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2471	+0.027%	$160K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2471	+0.027%	$104.7M	$369.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2471	+0.040%	$72.0M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2471	+0.040%	$33.0M	$105.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2469	−0.040%	$98.5M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2468	−0.081%	$60.1M	$60.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2470	−0.004%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2471	+0.040%	$66.5M	$49.4M	75x	as long as short
BingX ADA-USDTlong	+0.0100%	8h	0.2470	long leg	—	$20.0M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2473	+0.117%	$125K	$441K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.002%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2473	+0.118%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2475	+0.204%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2473	+0.121%	$228K	$745K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2470	−0.008%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	+0.040%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2472	+0.097%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2472	+0.081%	$8K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.081%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2473	+0.118%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2472	+0.081%	$48.2M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	+0.035%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2470	+0.017%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0184%	1h	0.2472	+0.070%	$42.9M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2475	+0.182%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2473	+0.121%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2469	−0.021%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0519%	1h	0.2472	+0.093%	$600K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2469	−0.041%	$133K	—	100x	as long as short