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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 05:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.023%
Price spread now: BingX against dYdX−0.100%7-day average +0.014% · you buy dearer than you sell
Net, funding: paid 7d − costs−$262as in the Funding arb table
Net, price: spread back to 7d avg − costs−$287as in the Price arb table
costs, in and out, $10k−$2762.759% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.139%+$14 on $10k
Price spread, last 4 days (all we have)+0.136%+$14 · spread now −0.100%, 7d avg +0.014%
Together, before fees+0.275%+$28 on $10k · with fees, hour by hour
Funding pays, the price is against you. BingX is 0.114% cheaper against dYdX than usual: you would sell low and buy high (spread −0.100% now, against its 7-day average of +0.014%). If the spread goes back, that is −$11 on $10k: about 3.8 days of funding at the current rate (+$3 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ADA-USD0.25000get 0.0000% / 1h28m 33s$206K$2K10x
ShortBingX ADA-USDT0.24970.0100get 0.0100% / 8h3h 28m$20.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$21
Price spread: −0.100% → +0.014%
−$11.44
Slippage, 4 orders
−$255.94
Fee dYdX: 5 bp × 2 orders
−$10
Fee BingX: 5 bp × 2 orders
−$10
Net
−$266.38
Costs to cover
2.759%
Break-even
95.8 days
Slippage from dYdX: live order book, 25 min ago; BingX: live order book, 10 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 dYdX live order book, 25 min ago125.97 bp131.0 bp −$131134.4 bp −$1,344142.6 bp −$14.3K162.1 bp −$81.0K
Sell BingX live order book, 10 min ago1.99 bp7.0 bp −$78.8 bp −$8819.4 bp −$1,93833.3 bp −$16.7K

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-USDlong0.0000%1h0.2500long leg$206K$2K10x
Kalshi KXADAPERP0.0000%8h0.2504+0.180%$152K$6.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2502+0.111%$86K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2503+0.129%$6.4M$13.0M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.140%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2508+0.340%$388K$8.3M50xas long as short
Lighter ADA+0.0096%1h0.2501+0.064%$2.5M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2499−0.039%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2500+0.013%$161K$169K10xas long as short
Binance ADAUSDT+0.0100%8h0.2498−0.066%$106.5M$383.2M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2495−0.180%$75.3M$113.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2496−0.140%$33.5M$110.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2497−0.100%$102.2M$61.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2494−0.220%$60.2M$62.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2500+0.008%$30.1M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2495−0.180%$67.9M$51.4M75xas long as short
BingX ADA-USDTshort+0.0100%8h0.2497−0.100%$20.0M
Variational Omni ADA+0.0100%8h0.2504+0.183%$4.4M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2504+0.166%$67K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2504+0.193%$303K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2505+0.220%$231K$753K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2496−0.156%$95K$618K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2502+0.100%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2503+0.122%$41K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2507+0.298%$9K$737K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2502+0.120%$344$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2505+0.210%$1.4M$6.7M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2502+0.100%$48.8M$6.9M50xas long as short
Paradex ADA-USD-PERP+0.0104%8h0.2497−0.081%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2496−0.129%$542K$1.8M50xas long as short
Phoenix ADA+0.0161%1h0.2510+0.400%$4K$95K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2502+0.100%$4.7M$5.9M75xas long as short
Reya ADARUSDPERP+0.0277%1h0.2494−0.202%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0308%1h0.2501+0.072%$139K$461K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0350%1h0.2503+0.144%$615K$533K50xas long as short
Hyperliquid ADA+0.0459%1h0.2498−0.068%$44.7M$16.0M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0617% / S −0.0569%1h0.2502+0.093%$139K100xas long as short