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: HTX against MEXC−0.013%7-day average +0.023% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$290.291% of the position

Long on MEXC Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.119%+$12 · spread now −0.013%, 7d avg +0.023%

Together, before fees+0.206%+$21 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: HTX is 0.037% cheaper against MEXC than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.023%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2454	0.0100	pay 0.0100% / 8h	7h 56m	$53.5M	$50.7M	300x
Short	HTX ADA-USDT	0.2454	0.0100	get 0.0100% / 8h	7h 56m	$1.3M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.013%Rate

Funding earned: $0
Price spread: −0.013% → +0.023%: −$3.68
Slippage, 4 orders: −$17.06
Fee MEXC: 0 bp × 2 orders: $0
Fee HTX: 6 bp × 2 orders: −$12
Net: −$32.74
Costs to cover: 0.291%
Break-even: never at this rate

Slippage from MEXC: live order book, 2 min ago; HTX: live order book, 2 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	2.04 bp	2.0 bp −$2	3.7 bp −$37	18.6 bp −$1,856	52.7 bp −$26.4K
Sell HTX live order book, 2 min ago	4.24 bp	12.9 bp −$13	25.4 bp −$254	52.0 bp −$5,203	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	0.2454	−0.001%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2455	+0.041%	$195K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	−0.017%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.693%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2447	−0.285%	$406K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2453	−0.045%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2456	+0.094%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2456	+0.088%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	−0.005%	$1.2M	$934K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.023%	$158K	$145K	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	0.2455	+0.039%	$101.6M	$366.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	0.000%	$71.5M	$104.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	+0.041%	$32.4M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2453	−0.041%	$97.9M	$57.8M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2454	long leg	$53.5M	$50.7M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	+0.033%	$30.1M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	+0.041%	$66.0M	$43.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2454	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	−0.008%	$108K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2450	−0.156%	$4.2M	$972K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2451	−0.118%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	−0.081%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	−0.041%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	−0.110%	$94K	$642K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	−0.041%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	0.000%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2451	−0.123%	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2453	−0.041%	$337	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2454	−0.013%	$1.3M	$5.4M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.041%	$47.9M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2455	+0.036%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	+0.001%	$553K	$1.8M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2450	−0.151%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.122%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2452	−0.079%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0361%	1h	0.2455	+0.020%	$493K	$429K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2454	+0.004%	$122K	—	100x	as long as short