Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Binance+0.160%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$660.662% of the position

Long on Binance Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.088%+$9 on $10k

Price spread, last 4 days (all we have)−0.121%−$12 · spread now +0.160%, 7d avg +0.017%

Together, before fees−0.034%−$3 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 0.143% dearer against Binance than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2444	0.0100	pay 0.0100% / 8h	1h 59m	$102.9M	$410.4M	75x
Short	SunX ADA-USDT	0.2448	0.0100	get 0.0100% / 8h	1h 59m	$8K	$765K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Binance. 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 BinancebpFee SunXbpOrdersPrice spread, now +0.160%Rate

Funding earned: $0
Price spread: +0.160% → +0.017%: $14.31
Slippage, 4 orders: −$48.17
Fee Binance: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$51.86
Costs to cover: 0.662%
Break-even: never at this rate

Slippage from Binance: live order book, 14 min ago; SunX: live order book, 2 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 Binance live order book, 14 min ago	2.05 bp	7.0 bp −$7	11.0 bp −$110	25.6 bp −$2,563	81.5 bp −$40.8K
Sell SunX live order book, 2 min ago	20.81 bp	27.3 bp −$27	34.7 bp −$347	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
Kalshi KXADAPERP	0.0000%	8h	0.2446	+0.082%	$187K	$7.6M	3.2x	as long as short
dYdX ADA-USD	+0.0001%	1h	0.2447	+0.104%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	+0.049%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2445	+0.051%	$6.3M	$13.8M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2450	+0.241%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.105%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2447	+0.139%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	+0.041%	$6K	$6K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2446	+0.094%	$43.0M	$18.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2445	+0.044%	$1.2M	$1.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ADA	+0.0100%	1h	0.2448	+0.150%	$157K	$178K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2444	long leg	$102.9M	$410.4M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2444	0.000%	$72.2M	$124.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	0.000%	$32.5M	$118.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	−0.041%	$99.8M	$65.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2445	+0.041%	$52.0M	$65.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2445	+0.033%	$29.3M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	+0.041%	$66.5M	$53.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2445	+0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	+0.029%	$137K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.166%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2448	+0.183%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.169%	$288K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	+0.327%	$83K	$889K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2445	+0.037%	$121K	$1.1M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2447	+0.105%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2448	+0.160%	$8K	$765K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2445	+0.061%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2446	+0.090%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2446	+0.082%	$47.5M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2444	−0.009%	$524K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2448	+0.164%	$379K	$8.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2448	+0.172%	$21K	$250	20x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2450	+0.245%	$4.4M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2445	+0.041%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0568%	1h	0.2447	+0.115%	$623K	$613K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0631% / S −0.0728%	1h	0.2445	+0.037%	$164K	—	100x	as long as short