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 BingX+0.032%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$440.442% of the position

Long on BingX Short on HTX

What this pair did over the last

the charts below follow

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

Price spread, last 3 days (all we have)+0.012%+$1 · spread now +0.032%, 7d avg +0.012%

Together, before fees+0.055%+$6 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 0.021% dearer against BingX than usual: you sell high and buy low, +$2 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	BingX ADA-USDC	0.2451	0.0100	pay 0.0100% / 8h	6h 44m	—	$6.6M	—
Short	HTX ADA-USDT	0.2452	0.0100	get 0.0100% / 8h	6h 44m	$1.3M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now +0.032%Rate

Funding earned: $0
Price spread: +0.032% → +0.012%: $2.07
Slippage, 4 orders: −$22.19
Fee BingX: 5 bp × 2 orders: −$10
Fee HTX: 6 bp × 2 orders: −$12
Net: −$42.12
Costs to cover: 0.442%
Break-even: never at this rate

Slippage from BingX: live order book, 7 min ago; HTX: live order book, 5 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, 7 min ago	4.08 bp	12.8 bp −$13	26.0 bp −$260	79.8 bp −$7,976	474.4 bp −$237.2K
Sell HTX live order book, 5 min ago	2.03 bp	8.1 bp −$8	18.8 bp −$188	50.5 bp −$5,052	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	0.2450	−0.056%	$202K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	+0.013%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.816%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2452	+0.041%	$410K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2452	+0.041%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	+0.102%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	0.000%	$1.2M	$969K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	−0.012%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	+0.122%	$102.5M	$375.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	+0.122%	$72.2M	$108.4M	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	0.2456	+0.204%	$32.5M	$108.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2450	−0.041%	$98.2M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.041%	$50.1M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2451	−0.012%	$29.9M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	+0.122%	$65.6M	$46.6M	75x	as long as short
BingX ADA-USDClong	+0.0100%	8h	0.2451	long leg	—	$6.6M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2452	+0.057%	$126K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	+0.086%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	+0.290%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	+0.254%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2460	+0.367%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	+0.086%	$93K	$656K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2452	+0.041%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2453	+0.083%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2453	+0.082%	$9K	$773K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	+0.020%	$337	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2452	+0.032%	$1.3M	$5.8M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2451	0.000%	$47.7M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	+0.056%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2451	+0.010%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2452	+0.041%	$195K	$6.2M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.265%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.326%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2453	+0.083%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2450	−0.030%	$6.2M	$12.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0403%	1h	0.2453	+0.065%	$501K	$473K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0622% / S −0.0389%	1h	0.2451	−0.011%	$140K	—	100x	as long as short