Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against MEXC−0.041%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$320.320% of the position

Long on MEXC Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.059%+$6 on $10k

Price spread, last 3 days (all we have)+0.166%+$17 · spread now −0.041%, 7d avg +0.028%

Together, before fees+0.225%+$23 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: ApeX Omni is 0.069% cheaper against MEXC than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2455	0.0100	pay 0.0100% / 8h	1h 09m	$52.5M	$51.1M	300x
Short	ApeX Omni ADAUSDT	0.2454	0.0100	get 0.0013% / 1h	9m 10s	$55K	$581K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against MEXC. 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 MEXCbpFee ApeX OmnibpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → +0.028%: −$6.88
Slippage, 4 orders: −$21.99
Fee MEXC: 0 bp × 2 orders: $0
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$38.88
Costs to cover: 0.320%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; ApeX Omni: live order book, 9 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 MEXC live order book, 5 min ago	2.04 bp	2.0 bp −$2	3.3 bp −$33	17.8 bp −$1,775	66.3 bp −$33.1K
Sell ApeX Omni live order book, 9 min ago	6.10 bp	15.1 bp −$15	44.1 bp −$441	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	0.2454	−0.055%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	0.000%	$156K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	−0.019%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2456	+0.041%	$412K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	+0.052%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2457	+0.094%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2457	+0.079%	$42.5M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	−0.002%	$1.2M	$923K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.003%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.041%	$102.0M	$360.5M	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	0.2456	+0.041%	$71.4M	$102.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	+0.081%	$31.9M	$105.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.041%	$97.0M	$59.3M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2455	long leg	$52.5M	$51.1M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	+0.004%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	+0.041%	$65.9M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2455	0.000%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.069%	$102K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.075%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	−0.003%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.079%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2454	−0.041%	$55K	$581K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2456	+0.024%	$96K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	+0.023%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.043%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.020%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.026%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2455	0.000%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2455	+0.017%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	−0.021%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2455	+0.016%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.081%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2456	+0.023%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.652%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0361%	1h	0.2456	+0.045%	$479K	$351K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2454	−0.026%	$122K	—	100x	as long as short