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 +0.003%

Price spread now: MEXC against Gate0.000%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$33as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on Gate Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days0.000%$0 · spread now 0.000%, 7d avg +0.023%

Together, before fees−0.021%−$2 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: MEXC is 0.023% cheaper against Gate than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2463	0.0100	pay 0.0100% / 8h	5h 43m	$98.5M	$58.7M	75x
Short	MEXC ADA_USDT	0.2463	0.0100	get 0.0100% / 8h	5h 43m	$60.1M	$55.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Gate. 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 GatebpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.023%: −$2.28
Slippage, 4 orders: −$15.74
Fee Gate: 7.5 bp × 2 orders: −$15
Fee MEXC: 0 bp × 2 orders: $0
Net: −$33.02
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; MEXC: live order book, 5 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 Gate live order book, 5 min ago	2.04 bp	13.5 bp −$14	17.7 bp −$177	95.2 bp −$9,523	doesn't fit
Sell MEXC live order book, 5 min ago	2.04 bp	2.0 bp −$2	5.1 bp −$51	8.4 bp −$843	42.7 bp −$21.4K

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	0.2463	−0.014%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	−0.269%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.325%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2458	−0.203%	$441K	$7.5M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	−0.028%	$42.9M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2463	−0.001%	$1.2M	$986K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.041%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	+0.113%	$103.3M	$367.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2466	+0.122%	$72.8M	$108.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.081%	$32.8M	$105.5M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDTlong	+0.0100%	8h	0.2463	long leg	$98.5M	$58.7M	75x
MEXC ADA_USDTshort	+0.0100%	8h	0.2463	0.000%	$60.1M	$55.3M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	−0.085%	$29.8M	$16.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2466	+0.122%	$66.0M	$47.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2464	+0.041%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	−0.191%	$119K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.281%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2457	−0.245%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.425%	$287K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2459	−0.162%	$227K	$730K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	+0.093%	$95K	$674K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.203%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	−0.182%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	−0.163%	$8K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2458	−0.203%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.202%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	−0.203%	$47.8M	$6.3M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2463	0.000%	$162K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	+0.014%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2465	+0.062%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	−0.272%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2463	−0.012%	$2.4M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	−0.041%	—	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2458	−0.222%	$6.3M	$12.3M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2466	+0.122%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0401%	1h	0.2459	−0.183%	$540K	$456K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2455	−0.311%	$95K	—	100x	as long as short