Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.006%

Price spread now: MEXC against Extended+0.023%7-day average +0.022% · you sell dearer than you buy

Net, funding: paid 7d − costs−$11as in the Funding arb table

Net, price: spread back to 7d avg − costs−$13as in the Price arb table

costs, in and out, $10k−$130.132% of the position

Long on Extended Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.022%+$2 on $10k

Price spread, last 4 days (all we have)−0.017%−$2 · spread now +0.023%, 7d avg +0.022%

Together, before fees+0.006%+ Points / potential airdropExtended: Active · farm board+$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2459	0.0104	pay 0.0013% / 1h	5m 18s	$532K	$1.8M	50x
Short	MEXC ADA_USDT	0.2460	0.0100	get 0.0100% / 8h	6h 05m	$59.1M	$52.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Extended. 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 ExtendedbpFee MEXCbpOrdersPrice spread, now +0.023%Rate

Funding earned: −$0.84
Price spread: +0.023% → +0.022%: $0.13
Slippage, 4 orders: −$8.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee MEXC: 0 bp × 2 orders: $0
Net: −$13.86
Costs to cover: 0.132%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; MEXC: live order book, 4 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 Extended live order book, 3 min ago	2.04 bp	4.5 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.04 bp	2.0 bp −$2	3.5 bp −$35	23.1 bp −$2,306	61.6 bp −$30.8K

ADA on 36 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	0.2457	−0.094%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	0.000%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.471%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2453	−0.261%	$403K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	+0.084%	$42.9M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2459	−0.024%	$1.2M	$981K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2458	−0.040%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2460	+0.033%	$103.2M	$369.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2459	−0.017%	$72.4M	$108.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2461	+0.064%	$32.7M	$106.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2459	−0.017%	$98.7M	$60.5M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2460	+0.023%	$59.1M	$52.9M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	−0.070%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	−0.017%	$66.0M	$47.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2459	−0.017%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	−0.013%	$127K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2459	−0.015%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	−0.187%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.566%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.180%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.056%	$94K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	−0.017%	$6K	$16K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	+0.034%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.100%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.044%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.001%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	−0.017%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2459	long leg	$532K	$1.8M	50x
Kalshi KXADAPERP	+0.0107%	8h	0.2456	−0.139%	$148K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2459	−0.011%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2449	−0.444%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2460	+0.023%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2459	+0.002%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2460	+0.005%	$6.3M	$12.2M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0360%	1h	0.2460	+0.040%	$503K	$470K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2459	−0.017%	$95K	—	100x	as long as short