Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against OKX+0.120%7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$54as in the Price arb table

costs, in and out, $10k−$630.633% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)−0.002%$0 · spread now +0.120%, 7d avg +0.025%

Together, before fees+0.069%+$7 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 0.095% dearer against OKX than usual: you sell high and buy low, +$9 on $10k if it goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2474	0.0100	pay 0.0100% / 8h	5h 57m	$32.7M	$108.6M	50x
Short	SunX ADA-USDT	0.2477	0.0100	get 0.0100% / 8h	5h 57m	$8K	$679K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.120%Rate

Funding earned: $0
Price spread: +0.120% → +0.025%: $9.49
Slippage, 4 orders: −$45.27
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$53.79
Costs to cover: 0.633%
Break-even: never at this rate

Slippage from OKX: live order book, 4 min ago; SunX: live order book, 47 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 OKX live order book, 4 min ago	2.02 bp	7.0 bp −$7	11.5 bp −$115	34.0 bp −$3,402	doesn't fit
Sell SunX live order book, 47 min ago	18.77 bp	25.2 bp −$25	34.4 bp −$344	doesn't fit	doesn't fit

ADA on 36 exchanges

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	0.2479	+0.189%	$207K	$5K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2478	+0.162%	$205K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2475	+0.049%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0031%	1h	0.2475	+0.042%	$6.3M	$13.4M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.121%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2475	+0.049%	$2.4M	$934K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2475	+0.035%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2478	+0.165%	$159K	$151K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2475	+0.056%	$106.2M	$384.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2473	−0.040%	$74.4M	$122.0M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2474	long leg	$32.7M	$108.6M	50x
Gate ADA_USDT	+0.0100%	8h	0.2474	0.000%	$101.9M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2475	+0.040%	$49.4M	$67.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2475	+0.044%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2474	0.000%	$67.7M	$50.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2475	+0.040%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2475	+0.049%	$139K	$454K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	+0.037%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	+0.126%	$66K	$291K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2478	+0.164%	$294K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	+0.162%	$71K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2474	+0.008%	$119K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2475	+0.040%	$6K	$4K	20x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2477	+0.120%	$8K	$679K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2475	+0.061%	$340	$6K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2476	+0.092%	$1.3M	$6.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2476	+0.081%	$47.8M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2475	+0.060%	$20K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2474	−0.013%	$545K	$1.7M	50x	as long as short
Hyperliquid ADA	+0.0125%	1h	0.2476	+0.097%	$44.2M	$17.6M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0176%	1h	0.2478	+0.162%	$403K	$8.1M	50x	as long as short
Phoenix ADA	+0.0192%	1h	0.2482	+0.331%	$3K	$103K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2479	+0.202%	$4.6M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2474	−0.008%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0275%	1h	0.2476	+0.093%	$617K	$791K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2477	+0.139%	$88K	—	100x	as long as short