Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Pacifica−0.003%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$220.217% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)−0.166%−$17 · spread now −0.003%, 7d avg −0.020%

Together, before fees−0.241%+ Points / potential airdropPacifica: Active · farm board−$24 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ADA	0.2481	0.0100	pay 0.0013% / 1h	17m 22s	$159K	$162K	10x
Short	MEXC ADA_USDT	0.2481	0.0100	get 0.0100% / 8h	5h 17m	$59.2M	$60.4M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now −0.003%Rate

Funding earned: $0
Price spread: −0.003% → −0.020%: $1.69
Slippage, 4 orders: −$13.74
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$20.05
Costs to cover: 0.217%
Break-even: never at this rate

Slippage from Pacifica: live order book, 45 min ago; MEXC: 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 Pacifica live order book, 45 min ago	3.66 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 2 min ago	2.02 bp	2.0 bp −$2	3.6 bp −$36	13.0 bp −$1,297	41.3 bp −$20.6K

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	0.2481	−0.022%	$204K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2479	−0.069%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.406%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2480	−0.044%	$414K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2481	−0.004%	$1.2M	$999K	75x	as long as short
Pacifica ADAlong	+0.0100%	1h	0.2481	long leg	$159K	$162K	10x
Binance ADAUSDT	+0.0100%	8h	0.2481	−0.003%	$105.5M	$371.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2481	−0.003%	$72.4M	$110.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2481	−0.003%	$33.0M	$107.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2480	−0.044%	$99.7M	$60.4M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDTshort	+0.0100%	8h	0.2481	−0.003%	$59.2M	$60.4M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2481	−0.011%	$29.9M	$16.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2480	−0.044%	$66.6M	$49.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2481	−0.003%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	−0.092%	$139K	$433K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2495	+0.563%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2487	+0.220%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2486	+0.187%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2496	+0.601%	$230K	$736K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2480	−0.023%	$95K	$678K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2481	−0.003%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2480	−0.026%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2483	+0.077%	$9K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2480	−0.023%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2481	+0.013%	$1.3M	$6.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2481	−0.003%	$48.3M	$6.5M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2480	−0.044%	$160K	$6.3M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2479	−0.070%	$539K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2481	−0.016%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0135%	1h	0.2483	+0.073%	$43.2M	$14.4M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2486	+0.190%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0176%	1h	0.2483	+0.065%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2482	+0.037%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0259%	1h	0.2480	−0.051%	$6.3M	$12.7M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2480	−0.025%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0486% / S −0.0279%	1h	0.2481	−0.014%	$109K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0557%	1h	0.2482	+0.017%	$586K	$442K	50x	as long as short