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 0.000%

Price spread now: MEXC against KuCoin−0.029%7-day average −0.007% · 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−$33as in the Price arb table

costs, in and out, $10k−$310.308% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.005%$0 · spread now −0.029%, 7d avg −0.007%

Together, before fees+0.008%+$1 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 0.021% cheaper against KuCoin than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of −0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2450	0.0100	pay 0.0100% / 8h	1h 28m	$30.2M	$18.2M	75x
Short	MEXC ADA_USDT	0.2449	0.0100	get 0.0100% / 8h	1h 28m	$52.6M	$50.8M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.007%: −$2.11
Slippage, 4 orders: −$18.77
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$32.88
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 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 KuCoin live order book, 6 min ago	2.03 bp	17.9 bp −$18	24.3 bp −$243	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.04 bp	2.0 bp −$2	4.8 bp −$48	16.9 bp −$1,691	57.4 bp −$28.7K

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	0.2455	+0.214%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2454	+0.176%	$154K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	+0.076%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2450	+0.012%	$409K	$7.3M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0077%	1h	0.2451	+0.045%	$478K	$352K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2448	−0.059%	$6.1M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.041%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2449	−0.049%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	−0.018%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2456	+0.265%	$157K	$146K	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	0.2448	−0.055%	$101.4M	$359.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2448	−0.069%	$70.9M	$101.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2448	−0.069%	$31.7M	$105.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.069%	$96.5M	$58.5M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2449	−0.029%	$52.6M	$50.8M	300x
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2450	long leg	$30.2M	$18.2M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2448	−0.069%	$65.6M	$43.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2448	−0.069%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	−0.029%	$101K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	+0.061%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.374%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.084%	$293K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2459	+0.380%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2456	+0.274%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	+0.012%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2451	+0.064%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2451	+0.053%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2449	−0.049%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2448	−0.050%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.029%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2457	+0.297%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.027%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2452	+0.073%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.257%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2452	+0.098%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.869%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2451	+0.043%	$122K	—	100x	as long as short