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 0.000%

Price spread now: Binance against MEXC+0.108%7-day average +0.013% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$10as in the Price arb table

costs, in and out, $10k−$200.200% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 7 days−0.132%−$13 · spread now +0.108%, 7d avg +0.013%

Together, before fees−0.133%−$13 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: Binance is 0.095% dearer against MEXC than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.013%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2499	0.0100	pay 0.0100% / 8h	3h 31m	$61.2M	$61.8M	300x
Short	Binance ADAUSDT	0.2502	0.0100	get 0.0100% / 8h	3h 31m	$106.7M	$383.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now +0.108%Rate

Funding earned: $0
Price spread: +0.108% → +0.013%: $9.49
Slippage, 4 orders: −$9.97
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$10.48
Costs to cover: 0.200%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; Binance: live order book, 12 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, 2 min ago	2.00 bp	2.0 bp −$2	4.3 bp −$43	15.4 bp −$1,539	52.2 bp −$26.1K
Sell Binance live order book, 12 min ago	1.99 bp	7.0 bp −$7	11.1 bp −$111	28.1 bp −$2,814	77.3 bp −$38.7K

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	0.2498	−0.037%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2502	+0.120%	$152K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2499	+0.011%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2500	+0.040%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.120%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2500	+0.040%	$392K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2502	+0.112%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2500	+0.022%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2500	+0.057%	$161K	$170K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2502	+0.108%	$106.7M	$383.2M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2501	+0.080%	$75.0M	$112.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2502	+0.120%	$33.5M	$111.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2500	+0.040%	$102.2M	$60.9M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2499	long leg	$61.2M	$61.8M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2499	+0.012%	$30.0M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2502	+0.120%	$68.1M	$51.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2501	+0.080%	—	$20.2M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2508	+0.363%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2507	+0.330%	$67K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2507	+0.320%	$303K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2507	+0.320%	$231K	$753K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2500	+0.056%	$96K	$617K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2500	+0.040%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2501	+0.075%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2501	+0.078%	$9K	$738K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2500	+0.060%	$344	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2500	+0.036%	$1.4M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2500	+0.040%	$48.7M	$6.9M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2499	+0.011%	$542K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0113%	8h	0.2502	+0.125%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0161%	1h	0.2508	+0.352%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2501	+0.080%	$4.6M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2499	+0.019%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0311%	1h	0.2500	+0.052%	$139K	$461K	15x	as long as short
Hyperliquid ADA	+0.0475%	1h	0.2502	+0.120%	$44.8M	$16.0M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0550%	1h	0.2502	+0.108%	$621K	$523K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0616% / S −0.0569%	1h	0.2500	+0.024%	$139K	—	100x	as long as short