Funding arb · Price arb /

ADA

all ADA markets

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: Bybit against MEXC+0.081%7-day average −0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$19as in the Funding arb table

Net, price: spread back to 7d avg − costs−$12as in the Price arb table

costs, in and out, $10k−$200.198% of the position

Long on MEXC Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.009%+$1 on $10k

Price spread, last 7 days−0.072%−$7 · spread now +0.081%, 7d avg −0.001%

Together, before fees−0.064%−$6 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: Bybit is 0.081% dearer against MEXC than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.001%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2483	0.0100	pay 0.0100% / 8h	4h 29m	$61.6M	$60.2M	300x
Short	Bybit ADAUSDT	0.2485	0.0100	get 0.0100% / 8h	4h 29m	$72.5M	$108.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.001%: $8.12
Slippage, 4 orders: −$8.75
Fee MEXC: 0 bp × 2 orders: $0
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$11.63
Costs to cover: 0.198%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Bybit: 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, 4 min ago	2.03 bp	2.0 bp −$2	4.0 bp −$40	13.8 bp −$1,382	40.4 bp −$20.2K
Sell Bybit live order book, 4 min ago	2.03 bp	7.5 bp −$8	11.1 bp −$111	33.6 bp −$3,363	141.8 bp −$70.9K

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
dYdX ADA-USD	0.0000%	1h	0.2480	−0.139%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2481	−0.081%	$150K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2478	−0.187%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.483%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2480	−0.121%	$429K	$7.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0091%	1h	0.2482	−0.031%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2483	+0.020%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2483	+0.019%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2481	−0.083%	$161K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2487	+0.145%	$105.3M	$370.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDTshort	+0.0100%	8h	0.2485	+0.081%	$72.5M	$108.6M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2486	+0.121%	$33.2M	$106.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2484	+0.040%	$99.2M	$59.4M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2483	long leg	$61.6M	$60.2M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2485	+0.089%	$30.0M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2485	+0.081%	$66.9M	$49.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2485	+0.081%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2485	+0.089%	$126K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	−0.319%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−1.085%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−1.068%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	−0.685%	$227K	$743K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2480	−0.137%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2481	−0.081%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2482	−0.033%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2481	−0.081%	$8K	$732K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2482	−0.020%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2483	+0.016%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2483	0.000%	$48.4M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2483	+0.015%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2483	−0.001%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0188%	1h	0.2487	+0.157%	$43.2M	$14.8M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2463	−0.814%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2480	−0.121%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2479	−0.161%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0596% / S −0.0547%	1h	0.2479	−0.167%	$134K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0717%	1h	0.2483	+0.020%	$603K	$489K	50x	as long as short