Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against MEXC−0.105%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.105% cheaper against MEXC than usual: you would sell low and buy high (−$11 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2472	0.0100	pay 0.0100% / 8h	4h 26m	$60.4M	$60.6M	300x
Short	gTrade (Gains Network) ADA/USD	0.2469	L +0.0005% / S −0.0003%	get 0.0000% / 1h	26m 16s	$84K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.105%Rate

Funding earned: −$20.35
Price spread: −0.105% → 0.000%: −$10.52
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$40.87
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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, 3 min ago	2.02 bp	2.0 bp −$2	2.0 bp −$20	9.6 bp −$964	41.4 bp −$20.7K
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2472	+0.001%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2473	+0.040%	$149K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2469	−0.105%	$84K	—	150x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.040%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2471	−0.040%	$425K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2472	+0.008%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2473	+0.053%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	−0.065%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2473	+0.051%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2473	+0.038%	$104.8M	$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 ADAUSDT	+0.0100%	8h	0.2472	0.000%	$72.1M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	+0.040%	$33.0M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2469	−0.121%	$98.5M	$59.5M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2472	long leg	$60.4M	$60.6M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2472	+0.008%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2473	+0.040%	$66.5M	$49.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2471	−0.040%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2477	+0.186%	$126K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	+0.124%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	+0.183%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2476	+0.171%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2482	+0.405%	$229K	$744K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2471	−0.036%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	−0.040%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2471	−0.022%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2472	0.000%	$9K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.020%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2470	−0.097%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2471	−0.040%	$48.2M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	−0.024%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2472	+0.005%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0187%	1h	0.2473	+0.036%	$42.9M	$14.8M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2482	+0.384%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2471	−0.040%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2470	−0.061%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0560%	1h	0.2472	0.000%	$600K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2469	−0.127%	$133K	—	100x	as long as short