Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against MEXC−0.081%53s7-day average +0.042% · you buy dearer than you sell

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$560.561% of the position

Long on MEXC Short on SunX

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)+0.154%+$15 · spread now −0.081%, 7d avg +0.042%

Together, before fees+0.242%+$24 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: SunX is 0.122% cheaper against MEXC than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.042%. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2465	0.0100	pay 0.0100% / 8h	1h 35m	$53.8M	$50.5M	300x
Short	SunX ADA-USDT	0.2463	0.0100	get 0.0100% / 8h	1h 35m	$9K	$757K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now −0.081%Rate

Funding earned: $0
Price spread: −0.081% → +0.042%: −$12.23
Slippage, 4 orders: −$48.09
Fee MEXC: 0 bp × 2 orders: $0
Fee SunX: 4 bp × 2 orders: −$8
Net: −$68.32
Costs to cover: 0.561%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; SunX: live order book, 36 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	2.02 bp	2.0 bp −$2	4.8 bp −$48	15.8 bp −$1,580	54.2 bp −$27.1K
Sell SunX live order book, 36 min ago	20.81 bp	27.2 bp −$27	34.5 bp −$345	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	0.2460	−0.216%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2462	−0.122%	$159K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.057%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2467	+0.081%	$418K	$7.3M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0075%	1h	0.2462	−0.130%	$478K	$351K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2460	−0.206%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	−0.069%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2465	+0.008%	$42.7M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	−0.041%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	−0.119%	$157K	$146K	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	0.2465	0.000%	$102.3M	$357.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	−0.041%	$71.7M	$100.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	0.000%	$31.9M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.081%	$97.3M	$58.1M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2465	long leg	$53.8M	$50.5M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	−0.016%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	−0.041%	$65.9M	$43.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2465	0.000%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	−0.195%	$103K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2463	−0.072%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2468	+0.141%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2467	+0.082%	$298K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2474	+0.365%	$56K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	−0.041%	$97K	$623K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2464	−0.021%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2463	−0.081%	$9K	$757K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2460	−0.183%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2461	−0.167%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	−0.203%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2462	−0.102%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	−0.067%	$558K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2464	−0.041%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.041%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2465	+0.005%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.243%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2463	−0.065%	$122K	—	100x	as long as short