Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.020%

Price spread now: MEXC against GRVT−0.284%67s7-day average 0.000% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.250% of the position

Long on GRVT Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.053%−$5 on $10k

Price spread, last 7 days+0.147%+$15 · spread now −0.284%, 7d avg 0.000%

Together, before fees+0.095%+ Points / potential airdropGRVT: Active · farm board+$9 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 0.285% cheaper against GRVT than usual: you would sell low and buy high, −$28 on $10k if it goes back to its 7-day average of 0.000%. The two prices were read 67 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GRVT ADA_USDT_Perp	0.2464	0.0100	pay 0.0100% / 8h	1h 52m	$298K	$3.9M	10x
Short	MEXC ADA_USDT	0.2457	0.0100	get 0.0100% / 8h	1h 52m	$52.9M	$50.1M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against GRVT. 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 GRVTbpFee MEXCbpOrdersPrice spread, now −0.284%Rate

Funding earned: $0
Price spread: −0.284% → 0.000%: −$28.45
Slippage, 4 orders: −$16.03
Fee GRVT: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$53.48
Costs to cover: 0.250%
Break-even: never at this rate

Slippage from GRVT: live order book, 1 min ago; MEXC: live order book, 1 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 GRVT live order book, 1 min ago	2.04 bp	14.4 bp −$14	24.1 bp −$241	3037.6 bp −$303.8K	doesn't fit
Sell MEXC live order book, 1 min ago	2.04 bp	2.0 bp −$2	2.0 bp −$20	14.5 bp −$1,447	45.7 bp −$22.8K

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	0.2452	−0.473%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	−0.365%	$154K	$5.9M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2454	−0.390%	$477K	$350K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	−0.406%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2463	−0.041%	$409K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2454	−0.422%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2457	−0.301%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	−0.260%	$42.6M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2457	−0.284%	$1.2M	$998K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	−0.363%	$157K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2455	−0.365%	$101.6M	$356.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	−0.406%	$70.6M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	−0.365%	$31.9M	$105.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.365%	$96.8M	$57.4M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2457	−0.284%	$52.9M	$50.1M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	−0.325%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	−0.365%	$65.7M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2455	−0.365%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2452	−0.475%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.151%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2464	−0.017%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perplong	+0.0100%	8h	0.2464	long leg	$298K	$3.9M	10x
ApeX Omni ADAUSDT	+0.0100%	1h	0.2465	+0.040%	$56K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	−0.260%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.406%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	−0.388%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	−0.205%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	−0.402%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	−0.387%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.487%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2456	−0.343%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	−0.341%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2454	−0.402%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	−0.284%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2457	−0.275%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.771%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2454	−0.417%	$122K	—	100x	as long as short