Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against BingX+0.041%7-day average +0.002% · you sell dearer than you buy

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$30as in the Price arb table

costs, in and out, $10k−$340.338% of the position

Long on BingX Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.040%−$4 on $10k

Price spread, last 7 days−0.073%−$7 · spread now +0.041%, 7d avg +0.002%

Together, before fees−0.114%−$11 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: OKX is 0.038% dearer against BingX than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDT	0.2464	0.0100	pay 0.0100% / 8h	7h 47m	—	$20.3M	—
Short	OKX ADA-USDT-SWAP	0.2465	0.0100	get 0.0100% / 8h	7h 47m	$32.8M	$119.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → +0.002%: $3.83
Slippage, 4 orders: −$13.76
Fee BingX: 5 bp × 2 orders: −$10
Fee OKX: 5 bp × 2 orders: −$10
Net: −$29.93
Costs to cover: 0.338%
Break-even: never at this rate

Slippage from BingX: live order book, 6 min ago; OKX: live order book, 1 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, 6 min ago	2.03 bp	7.0 bp −$7	8.6 bp −$86	16.8 bp −$1,675	37.7 bp −$18.9K
Sell OKX live order book, 1 min ago	2.03 bp	8.8 bp −$9	13.8 bp −$138	39.0 bp −$3,904	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
Kalshi KXADAPERP	0.0000%	8h	0.2463	−0.041%	$190K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	+0.018%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.284%	$849	$202K	12x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	+0.020%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	−0.034%	$158K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	+0.085%	$104.3M	$407.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2465	+0.041%	$73.5M	$127.2M	75x	as long as short
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2465	+0.041%	$32.8M	$119.5M	50x
Gate ADA_USDT	+0.0100%	8h	0.2464	0.000%	$101.1M	$61.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	0.000%	$59.1M	$67.4M	300x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	+0.020%	$29.6M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	+0.041%	$66.9M	$54.1M	75x	as long as short
BingX ADA-USDTlong	+0.0100%	8h	0.2464	long leg	—	$20.3M	—
Variational Omni ADA	+0.0100%	8h	0.2463	−0.037%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	−0.232%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.207%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2459	−0.203%	$75K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2463	−0.037%	$117K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	+0.041%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	−0.085%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	+0.051%	$8K	$754K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	+0.020%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	−0.034%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	0.000%	$47.7M	$7.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	+0.036%	$506K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2463	−0.052%	$21K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2463	−0.041%	$367K	$8.5M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2464	−0.008%	$3K	$113K	10x	as long as short
dYdX ADA-USD	+0.0194%	1h	0.2461	−0.124%	$202K	$2K	10x	as long as short
Backpack ADA_USDC_PERP	+0.0195%	1h	0.2465	+0.057%	$142K	$485K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0198%	1h	0.2465	+0.032%	$6.4M	$14.1M	50x	as long as short
Lighter ADA	+0.0216%	1h	0.2467	+0.110%	$2.4M	$997K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2463	−0.041%	$4.5M	$5.9M	75x	as long as short
Hyperliquid ADA	+0.0258%	1h	0.2466	+0.073%	$43.3M	$18.5M	10x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2464	+0.001%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2464	−0.001%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0683%	1h	0.2466	+0.089%	$640K	$739K	50x	as long as short