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: Variational Omni against MEXC−0.038%7-day average 0.000% · you buy dearer than you sell

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

Long on MEXC Short on Variational Omni

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days+0.025%+$3 · spread now −0.038%, 7d avg 0.000%

Together, before fees+0.025%+ Points / potential airdropVariational Omni: Active · farm board+$3 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: Variational Omni is 0.038% 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 0.000%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2456	0.0100	pay 0.0100% / 8h	6h 06m	$59.0M	$52.9M	300x
Short	Variational Omni ADA	0.2455	0.0100	get 0.0100% / 8h	6h 06m	$4.2M	$992K	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Variational Omni 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 Variational OmnibpOrdersPrice spread, now −0.038%Rate

Funding earned: $0
Price spread: −0.038% → 0.000%: −$3.78
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Variational Omni: 0 bp × 2 orders: $0
Net: −$3.78
Costs to cover: 0.000%
Break-even: never at this rate

Slippage unknown: MEXC: live order book, 2 min ago; Variational Omni: RFQ quote, 2 min ago. 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, 2 min ago	2.04 bp	2.0 bp −$2	5.2 bp −$52	15.7 bp −$1,565	48.7 bp −$24.4K
Sell Variational Omni RFQ quote, 2 min ago	8.18 bp	doesn't fit	12.3 bp −$123	doesn't fit	doesn't fit

ADA on 36 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	−0.061%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.105%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.611%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2453	−0.122%	$403K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.090%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	−0.004%	$1.2M	$977K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	−0.059%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.067%	$103.2M	$370.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	+0.041%	$72.4M	$108.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	+0.081%	$32.7M	$106.9M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.041%	$98.4M	$60.5M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2456	long leg	$59.0M	$52.9M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	0.000%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	0.000%	$65.9M	$47.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2456	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.045%	$127K	$412K	15x	as long as short
Variational Omni ADAshort	+0.0100%	8h	0.2455	−0.038%	$4.2M	$992K	—
edgeX ADAUSDC	+0.0100%	4h	0.2447	−0.364%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.427%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2445	−0.448%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	−0.069%	$94K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.081%	$6K	$16K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	+0.001%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	−0.248%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.033%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2457	+0.024%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2455	−0.041%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.024%	$532K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2455	−0.041%	$149K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2454	−0.061%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2449	−0.305%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0192%	1h	0.2458	+0.098%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	−0.061%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2456	−0.007%	$6.2M	$12.2M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2454	−0.083%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0524%	1h	0.2457	+0.037%	$502K	$470K	50x	as long as short