Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.007%
Price spread now: Coinbase International against MEXC+0.081%7-day average −0.015% · you sell dearer than you buy
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$15as in the Price arb table
costs, in and out, $10k−$250.248% of the position
Funding, last 7 days−0.090%−$9 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now +0.081%, 7d avg −0.015%
=The price spread pays, funding is against you. Coinbase International is 0.096% dearer against MEXC than usual: you sell high and buy low (spread +0.081% now, against its 7-day average of −0.015%): +$10 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. At the pace of the last 7 days (−0.090% in total) that is about 7.5 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | MEXC ADA_USDT | 0.2475 | 0.0100 | pay 0.0100% / 8h | 4h 28m | $60.4M | $60.4M | 300x |
| Short | Coinbase International ADA-PERP-INTX | 0.2477 | 0.0080 | get 0.0010% / 1h | 28m 00s | $428K | $7.8M | 50x |
MEXC ADA_USDT
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against MEXC. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$4.2
- Price spread: +0.081% → −0.015%
- $9.59
- Slippage, 4 orders
- −$14.82
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$19.43
- Costs to cover
- 0.248%
- Break-even
- never at this rate
Slippage from MEXC: live order book, 1 min ago; Coinbase International: 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 MEXC live order book, 1 min ago | 2.02 bp | 2.0 bp −$2 | 2.0 bp −$20 | 9.6 bp −$964 | 41.4 bp −$20.7K |
| Sell Coinbase International live order book, 1 min ago | 4.04 bp | 9.0 bp −$9 | 17.3 bp −$173 | 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 | 0.2478 | +0.124% | $204K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2475 | 0.000% | $149K | $6.2M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2473 | −0.065% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.162% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0080% | 1h | 0.2477 | +0.081% | $428K | $7.8M | 50x | |
| Kraken Futures PF_ADAUSD | +0.0092% | 1h | 0.2473 | −0.078% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2475 | +0.020% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2474 | −0.025% | $1.2M | $985K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2479 | +0.146% | $161K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2476 | +0.027% | $105.0M | $370.1M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Kraken Futures PF_ADAUSD
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2475 | 0.000% | $72.2M | $108.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2477 | +0.081% | $33.0M | $105.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2473 | −0.081% | $98.8M | $59.4M | 75x | as long as short |
| MEXC ADA_USDTlong | +0.0100% | 8h | 0.2475 | long leg | $60.4M | $60.4M | 300x | |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2473 | −0.065% | $29.9M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2475 | 0.000% | $66.5M | $49.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.081% | — | $20.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2474 | −0.044% | $125K | $442K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2475 | +0.003% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2477 | +0.062% | $66K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2476 | +0.049% | $295K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2466 | −0.364% | $227K | $743K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2479 | +0.149% | $95K | $688K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2474 | −0.040% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2474 | −0.051% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2479 | +0.162% | $8K | $730K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2473 | −0.061% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2478 | +0.123% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2473 | −0.081% | $48.2M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2475 | −0.005% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2479 | +0.178% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0189% | 1h | 0.2475 | +0.016% | $43.0M | $14.8M | 10x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2482 | +0.263% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2485 | +0.404% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2479 | +0.162% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0478% | 1h | 0.2474 | −0.024% | $600K | $488K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0596% / S −0.0547% | 1h | 0.2473 | −0.062% | $133K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]