Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0100%/8hpaid last 24h +0.023%

Price spread now: Binance against dYdX+0.023%49s7-day average +0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$232as 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−$2412.413% of the position

Long on dYdX Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.096%+$10 on $10k

Price spread, last 3 days (all we have)+0.026%+$3 · spread now +0.023%, 7d avg +0.030%

Together, before fees+0.122%+$12 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.030%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate. The two prices were read 49 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	dYdX ADA-USD	0.2434	0	get 0.0000% / 1h	6m 54s	$200K	$4K	10x
Short	Binance ADAUSDT	0.2435	0.0100	get 0.0100% / 8h	4h 06m	$101.4M	$345.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against dYdX. 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 dYdXbpFee BinancebpOrdersPrice spread, now +0.023%Rate

Funding earned: $21
Price spread: +0.023% → +0.030%: −$0.76
Slippage, 4 orders: −$221.35
Fee dYdX: 5 bp × 2 orders: −$10
Fee Binance: 5 bp × 2 orders: −$10
Net: −$221.1
Costs to cover: 2.413%
Break-even: 80.7 days

Slippage from dYdX: live order book, 26 min ago; Binance: live order book, 11 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 dYdX live order book, 26 min ago	94.30 bp	99.3 bp −$99	102.8 bp −$1,028	103.3 bp −$10.3K	103.4 bp −$51.7K
Sell Binance live order book, 11 min ago	2.06 bp	7.1 bp −$7	11.1 bp −$111	31.4 bp −$3,143	84.2 bp −$42.1K

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
Injective ADA/USDC PERP	−0.0071%	1h	0.2441	+0.283%	$838	$97K	12x	as long as short
dYdX ADA-USDlong	0.0000%	1h	0.2434	long leg	$200K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2434	−0.004%	$131K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2434	−0.010%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2430	−0.168%	$454K	$7.0M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2435	+0.049%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2434	−0.016%	$42.3M	$13.9M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2434	−0.016%	$1.1M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2434	−0.011%	$155K	$146K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2435	+0.023%	$101.4M	$345.6M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2431	−0.127%	$70.7M	$99.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2431	−0.127%	$32.2M	$102.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2432	−0.086%	$95.8M	$56.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2434	−0.004%	$52.4M	$57.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2433	−0.029%	$30.3M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2433	−0.045%	$64.4M	$41.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2434	−0.004%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2434	−0.016%	$104K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2434	+0.016%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2436	+0.080%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2435	+0.052%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2435	+0.037%	$55K	$573K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2435	+0.029%	$93K	$730K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2434	−0.004%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2434	+0.007%	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2435	+0.037%	$9K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2434	−0.025%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2434	+0.012%	$1.3M	$4.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2434	−0.004%	$47.4M	$5.3M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2435	+0.049%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2433	−0.053%	$586K	$1.8M	50x	as long as short
Phoenix ADA	+0.0197%	1h	0.2437	+0.107%	$4K	$87K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0202%	1h	0.2435	+0.025%	$475K	$361K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2433	−0.045%	$4.4M	$5.1M	75x	as long as short
Reya ADARUSDPERP	+0.0289%	1h	0.2433	−0.030%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0426%	1h	0.2434	−0.007%	$6.1M	$10.8M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0436% / S −0.0207%	1h	0.2434	−0.022%	$95K	—	100x	as long as short