Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: BingX against edgeX−0.039%85s7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$53as 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−$490.491% of the position

Long on edgeX Short on BingX

What this pair did over the last

the charts below follow

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

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropedgeX: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: BingX is 0.039% cheaper against edgeX than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 85 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	edgeX ADAUSDC	0.2479	0.0100	pay 0.0050% / 4h	3h 08m	$66K	$281K	20x
Short	BingX ADA-USDC	0.2478	0.0100	get 0.0100% / 8h	7h 08m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX against edgeX. 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 edgeXbpFee BingXbpOrdersPrice spread, now −0.039%Rate

Funding earned: $0
Price spread: −0.039% → 0.000%: −$3.95
Slippage, 4 orders: −$30.09
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BingX: 5 bp × 2 orders: −$10
Net: −$53.03
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from edgeX: live order book, 65 min ago; BingX: live order book, 14 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 edgeX live order book, 65 min ago	6.14 bp	10.7 bp −$11	28.7 bp −$287	doesn't fit	doesn't fit
Sell BingX live order book, 14 min ago	4.05 bp	11.2 bp −$11	25.4 bp −$254	82.5 bp −$8,252	688.1 bp −$344.0K

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	0.2477	−0.098%	$204K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2480	+0.041%	$207K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2478	−0.021%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.322%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2479	+0.001%	$424K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2480	+0.042%	$6.3M	$11.8M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2484	+0.194%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2480	+0.052%	$1.2M	$956K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2478	−0.021%	$159K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2478	−0.025%	$103.4M	$368.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2478	−0.039%	$72.7M	$105.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2478	−0.039%	$32.8M	$107.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2478	−0.039%	$99.1M	$60.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2478	−0.039%	$54.6M	$52.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2480	+0.025%	$30.4M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2478	−0.039%	$66.9M	$44.9M	75x	as long as short
BingX ADA-USDCshort	+0.0100%	8h	0.2478	−0.039%	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	−0.003%	$138K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2477	−0.076%	$4.3M	$967K	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2479	long leg	$66K	$281K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2483	+0.161%	$294K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	−0.039%	$56K	$586K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2478	−0.035%	$94K	$650K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2479	+0.001%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2481	+0.072%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2478	−0.039%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2480	+0.021%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2480	+0.026%	$1.3M	$5.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2480	+0.041%	$48.3M	$6.2M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2478	−0.042%	$540K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2477	−0.079%	$21K	$250	20x	as long as short
Lighter ADA	+0.0192%	1h	0.2482	+0.118%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2484	+0.203%	$4.5M	$5.7M	75x	as long as short
Hyperliquid ADA	+0.0243%	1h	0.2480	+0.037%	$43.3M	$14.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0274%	1h	0.2480	+0.053%	$496K	$455K	50x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2479	+0.002%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0393%	1h	0.2479	+0.003%	$143K	—	100x	as long as short