Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0053%/8h= −5.8% APRpaid last 24h +0.011%
Price spread now: Kraken Futures against BingX−0.007%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$48as in the Price arb table
costs, in and out, $10k−$480.477% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.033%−$3 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$2 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ADA-USDC0.24660.0100pay 0.0100% / 8h7h 33m$6.5M
ShortKraken Futures PF_ADAUSD0.24660.0047get 0.0006% / 1h33m 10s$6.2M$11.7M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures 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

Funding earned
−$11.09
Price spread: −0.007% → 0.000%
−$0.73
Slippage, 4 orders
−$27.74
Fee BingX: 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$59.57
Costs to cover
0.477%
Break-even
never at this rate
Slippage from BingX: live order book, 3 min ago; Kraken Futures: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 3 min ago4.06 bp11.9 bp −$1222.5 bp −$22579.2 bp −$7,918459.1 bp −$229.5K
Sell Kraken Futures live order book, 6 min ago2.86 bp13.2 bp −$1316.2 bp −$16240.4 bp −$4,035doesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2465−0.057%$203K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2465−0.041%$190K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2465−0.060%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.203%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0040%1h0.24660.000%$423K$7.3M50xas long as short
Kraken Futures PF_ADAUSDshort+0.0047%1h0.2466−0.007%$6.2M$11.7M50x
Lighter ADA+0.0096%1h0.2467+0.061%$2.5M$1.1M10xas long as short
Phoenix ADA+0.0098%1h0.2467+0.024%$4K$84K10xas long as short
Aster ADAUSDT+0.0100%8h0.24660.000%$1.2M$947K75xas long as short
Pacifica ADA+0.0100%1h0.2465−0.022%$158K$145K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.24660.000%$102.2M$365.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2465−0.041%$72.2M$104.1M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.24660.000%$32.5M$107.1M50xas long as short
Gate ADA_USDT+0.0100%8h0.2465−0.041%$97.9M$58.7M75xas long as short
MEXC ADA_USDT+0.0100%8h0.24660.000%$52.8M$51.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2466−0.012%$30.2M$17.9M75xas long as short
Bitget ADAUSDT+0.0100%8h0.24660.000%$66.2M$44.0M75xas long as short
BingX ADA-USDClong+0.0100%8h0.2466long leg$6.5M
Backpack ADA_USDC_PERP+0.0100%1h0.2465−0.061%$118K$408K15xas long as short
Variational Omni ADA+0.0100%8h0.2460−0.238%$4.2M$942Kas long as short
edgeX ADAUSDC+0.0100%4h0.2461−0.198%$65K$282K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2462−0.166%$288K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2456−0.406%$56K$583K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2465−0.020%$94K$645K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2465−0.041%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2466−0.017%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2467+0.040%$9K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2465−0.020%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2466−0.018%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2464−0.081%$48.1M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0102%8h0.2466+0.017%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2465−0.041%$554K$1.8M50xas long as short
Hyperliquid ADA+0.0128%1h0.2468+0.077%$43.0M$14.4M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2465−0.041%$4.4M$5.5M75xas long as short
Deribit ADA_USDC-PERPETUAL+0.0277%1h0.2466+0.008%$495K$435K50xas long as short
Reya ADARUSDPERP+0.0283%1h0.2466+0.001%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0626% / S −0.0393%1h0.2464−0.077%$142K100xas long as short