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: Bitget against MEXC+0.041%7-day average −0.010% · you sell dearer than you buy

Net, funding: paid 7d − costs−$17as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$200.202% of the position

Long on MEXC Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days+0.030%+$3 on $10k

Price spread, last 7 days−0.025%−$2 · spread now +0.041%, 7d avg −0.010%

Together, before fees+0.006%+$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: Bitget is 0.051% dearer against MEXC than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.010%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2436	0.0100	pay 0.0100% / 8h	6h 54m	$50.0M	$50.4M	300x
Short	Bitget ADAUSDT	0.2437	0.0100	get 0.0100% / 8h	6h 54m	$65.2M	$46.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.010%: $5.08
Slippage, 4 orders: −$8.15
Fee MEXC: 0 bp × 2 orders: $0
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$15.08
Costs to cover: 0.202%
Break-even: never at this rate

Slippage from MEXC: live order book, 9 min ago; Bitget: live order book, 4 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, 9 min ago	2.03 bp	2.0 bp −$2	5.0 bp −$50	18.0 bp −$1,801	61.8 bp −$30.9K
Sell Bitget live order book, 4 min ago	2.04 bp	8.0 bp −$8	12.7 bp −$127	25.6 bp −$2,557	131.7 bp −$65.9K

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
ApeX Omni ADAUSDT	−0.0012%	1h	0.2452	+0.657%	$56K	$587K	50x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2435	−0.052%	$200K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2435	−0.041%	$207K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2434	−0.063%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.437%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2432	−0.164%	$427K	$7.3M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2441	+0.197%	$4K	$87K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2437	+0.033%	$42.4M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2435	−0.035%	$1.2M	$966K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2436	+0.007%	$157K	$156K	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	0.2436	+0.017%	$101.4M	$373.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2436	0.000%	$71.5M	$107.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2437	+0.041%	$32.2M	$107.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2435	−0.041%	$97.8M	$58.1M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2436	long leg	$50.0M	$50.4M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2436	−0.008%	$29.8M	$18.0M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2437	+0.041%	$65.2M	$46.2M	75x
BingX ADA-USDT	+0.0100%	8h	0.2437	+0.041%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2436	+0.016%	$128K	$424K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2434	−0.077%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2450	+0.595%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.660%	$295K	$3.7M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2434	−0.070%	$92K	$655K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2434	−0.082%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2436	+0.015%	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2436	+0.001%	$9K	$772K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2435	−0.021%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2438	+0.067%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2436	0.000%	$47.4M	$6.4M	50x	as long as short
Lighter ADA	+0.0104%	1h	0.2437	+0.057%	$2.4M	$1.0M	10x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2436	+0.017%	$530K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2439	+0.123%	$20K	$250	20x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0161%	1h	0.2435	−0.025%	$487K	$462K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2436	0.000%	$4.5M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2435	−0.060%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0357%	1h	0.2435	−0.036%	$6.1M	$12.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0393%	1h	0.2435	−0.045%	$140K	—	100x	as long as short