Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Binance against Pacifica+0.049%7-day average +0.007% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$27as in the Price arb table

costs, in and out, $10k−$320.316% of the position

Long on Pacifica Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days−0.077%−$8 on $10k

Price spread, last 4 days (all we have)−0.035%−$3 · spread now +0.049%, 7d avg +0.007%

Together, before fees−0.112%+ Points / potential airdropPacifica: Active · farm board−$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: Binance is 0.042% dearer against Pacifica than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ADA	0.2440	0.0100	pay 0.0013% / 1h	18m 38s	$156K	$176K	10x
Short	Binance ADAUSDT	0.2441	0.0100	get 0.0100% / 8h	2h 18m	$102.7M	$407.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against Pacifica. 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 PacificabpFee BinancebpOrdersPrice spread, now +0.049%Rate

Funding earned: $0
Price spread: +0.049% → +0.007%: $4.23
Slippage, 4 orders: −$13.61
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Binance: 5 bp × 2 orders: −$10
Net: −$27.38
Costs to cover: 0.316%
Break-even: never at this rate

Slippage from Pacifica: live order book, 29 min ago; Binance: live order book, 10 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 Pacifica live order book, 29 min ago	2.63 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell Binance live order book, 10 min ago	2.07 bp	7.1 bp −$7	10.0 bp −$100	28.2 bp −$2,821	76.6 bp −$38.3K

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	0.2437	−0.111%	$203K	$7.5M	3.2x	as long as short
dYdX ADA-USD	+0.0002%	1h	0.2438	−0.067%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2437	−0.100%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2438	−0.081%	$6.3M	$13.7M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2429	−0.419%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.282%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2440	+0.032%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2440	−0.001%	$42.0M	$17.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2441	+0.052%	$1.2M	$1.1M	75x	as long as short
Pacifica ADAlong	+0.0100%	1h	0.2440	long leg	$156K	$176K	10x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDTshort	+0.0100%	8h	0.2441	+0.049%	$102.7M	$407.4M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2440	+0.011%	$71.6M	$123.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2441	+0.052%	$32.4M	$117.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2438	−0.070%	$98.6M	$64.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2439	−0.030%	$52.4M	$65.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2440	−0.009%	$29.3M	$15.7M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2440	+0.011%	$66.3M	$53.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2440	+0.011%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	−0.025%	$126K	$476K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2427	−0.518%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2430	−0.384%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2419	−0.852%	$284K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2420	−0.808%	$84K	$887K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2437	−0.103%	$126K	$986K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2438	−0.070%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2439	−0.039%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2440	+0.009%	$8K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2439	−0.050%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2439	−0.032%	$1.3M	$6.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2437	−0.111%	$47.3M	$7.4M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2440	−0.002%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2439	−0.014%	$522K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2438	−0.070%	$382K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2438	−0.070%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2439	−0.050%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0571%	1h	0.2439	−0.021%	$607K	$597K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0640% / S −0.0714%	1h	0.2438	−0.082%	$161K	—	100x	as long as short