Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.016%

Price spread now: SunX against Extended+0.153%7-day average +0.065% · you sell dearer than you buy

Net, funding: paid 7d − costs−$51as in the Funding arb table

Net, price: spread back to 7d avg − costs−$53as in the Price arb table

costs, in and out, $10k−$620.622% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)+0.025%+$3 · spread now +0.153%, 7d avg +0.065%

Together, before fees+0.135%+ Points / potential airdropExtended: Active · farm board+$14 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 0.088% dearer against Extended than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.065%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2446	0.0104	pay 0.0013% / 1h	36m 47s	$554K	$1.8M	50x
Short	SunX ADA-USDT	0.2450	0.0100	get 0.0100% / 8h	2h 36m	$9K	$758K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.153%Rate

Funding earned: −$0.84
Price spread: +0.153% → +0.065%: $8.83
Slippage, 4 orders: −$49.15
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$54.17
Costs to cover: 0.622%
Break-even: never at this rate

Slippage from Extended: live order book, 2 min ago; SunX: live order book, 45 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, 2 min ago	2.05 bp	4.5 bp −$5	9.8 bp −$98	doesn't fit	doesn't fit
Sell SunX live order book, 45 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	0.2445	−0.068%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2445	−0.051%	$153K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2449	+0.102%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2448	+0.072%	$407K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	+0.002%	$2.4M	$1.3M	10x	as long as short
Gate ADA_USDT	+0.0098%	8h	0.2445	−0.051%	$96.8M	$57.4M	75x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2447	+0.019%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2447	+0.025%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2448	+0.055%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2445	−0.037%	$100.8M	$355.3M	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	0.2444	−0.092%	$70.4M	$99.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	−0.092%	$31.8M	$104.9M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2446	−0.010%	$52.3M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2448	+0.064%	$30.4M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2446	−0.010%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2446	−0.010%	—	$20.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	+0.145%	$101K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.052%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2442	−0.162%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.069%	$286K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2448	+0.072%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	+0.105%	$96K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	+0.113%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2449	+0.116%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2450	+0.153%	$9K	$758K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2449	+0.121%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	+0.117%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2448	+0.072%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2450	+0.134%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2446	long leg	$554K	$1.8M	50x
Phoenix ADA	+0.0195%	1h	0.2447	+0.027%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	+0.194%	$4.4M	$5.4M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0281%	1h	0.2450	+0.170%	$476K	$354K	50x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2449	+0.106%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2449	+0.114%	$6.1M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2448	+0.085%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.255%	$838	$131K	12x	as long as short