Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against ApeX Omni−0.041%7-day average +0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$81as in the Funding arb table

Net, price: spread back to 7d avg − costs−$90as in the Price arb table

costs, in and out, $10k−$840.837% of the position

Long on ApeX Omni Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 3 days (all we have)+0.315%+$32 · spread now −0.041%, 7d avg +0.024%

Together, before fees+0.344%+$34 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: SunX is 0.064% cheaper against ApeX Omni than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2450	0.0100	pay 0.0013% / 1h	33m 20s	$55K	$579K	50x
Short	SunX ADA-USDT	0.2449	0.0100	get 0.0100% / 8h	2h 33m	$9K	$759K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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 ApeX OmnibpFee SunXbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.024%: −$6.43
Slippage, 4 orders: −$65.72
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$90.15
Costs to cover: 0.837%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 54 min ago; SunX: live order book, 48 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 ApeX Omni live order book, 54 min ago	10.13 bp	15.1 bp −$15	47.3 bp −$473	doesn't fit	doesn't fit
Sell SunX live order book, 48 min ago	20.80 bp	28.3 bp −$28	doesn't fit	doesn't fit	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
dYdX ADA-USD	0.0000%	1h	0.2448	−0.088%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2449	−0.041%	$153K	$5.9M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2445	−0.184%	$475K	$354K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	−0.208%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2448	−0.082%	$408K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2449	−0.024%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2446	−0.155%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2447	−0.109%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2448	−0.084%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2446	−0.163%	$100.9M	$355.8M	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	0.2445	−0.204%	$70.4M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	−0.245%	$31.8M	$104.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2444	−0.245%	$96.6M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2445	−0.204%	$52.3M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2446	−0.159%	$30.3M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	−0.204%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2446	−0.163%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	−0.020%	$101K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2445	−0.187%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2447	−0.119%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	−0.085%	$299K	$3.9M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2450	long leg	$55K	$579K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2446	−0.163%	$97K	$642K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	−0.204%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2445	−0.198%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2449	−0.041%	$9K	$759K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2445	−0.216%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	−0.022%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.041%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2447	−0.105%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2444	−0.236%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2445	−0.200%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2449	−0.041%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2446	−0.171%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0338%	1h	0.2445	−0.205%	$6.1M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0437% / S −0.0207%	1h	0.2444	−0.227%	$96K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.408%	$838	$131K	12x	as long as short