Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against SunX+0.242%73s7-day average −0.027% · you sell dearer than you buy

Net, funding: paid 7d − costs−$84as 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−$820.816% of the position

Long on SunX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 4 days (all we have)−0.419%−$42 · spread now +0.242%, 7d avg −0.027%

Together, before fees−0.440%−$44 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: ApeX Omni is 0.268% dearer against SunX than usual: you sell high and buy low, +$27 on $10k if it goes back to its 7-day average of −0.027%. The two prices were read 73 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	SunX ADA-USDT	0.2501	0.0100	pay 0.0100% / 8h	3h 32m	$9K	$738K	30x
Short	ApeX Omni ADAUSDT	0.2507	0.0100	get 0.0013% / 1h	32m 04s	$231K	$753K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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 SunXbpFee ApeX OmnibpOrdersPrice spread, now +0.242%Rate

Funding earned: $0
Price spread: +0.242% → −0.027%: $26.85
Slippage, 4 orders: −$63.63
Fee SunX: 4 bp × 2 orders: −$8
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$54.78
Costs to cover: 0.816%
Break-even: never at this rate

Slippage from SunX: live order book, 50 min ago; ApeX Omni: live order book, 22 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 SunX live order book, 50 min ago	20.78 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 22 min ago	7.98 bp	13.9 bp −$14	41.7 bp −$417	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	0.2498	−0.115%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2502	+0.042%	$152K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2499	−0.068%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2500	−0.039%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.198%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2500	−0.038%	$392K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2502	+0.034%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2500	−0.037%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2500	−0.022%	$161K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2500	−0.047%	$106.6M	$382.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2498	−0.118%	$74.9M	$112.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2500	−0.038%	$33.5M	$110.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2498	−0.118%	$102.1M	$60.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2499	−0.078%	$61.2M	$61.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2500	−0.042%	$30.1M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2499	−0.078%	$68.0M	$51.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2501	+0.002%	—	$20.2M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2508	+0.284%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2507	+0.251%	$67K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2507	+0.242%	$303K	$3.9M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2507	+0.242%	$231K	$753K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2500	−0.022%	$96K	$617K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2500	−0.038%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2501	−0.003%	$41K	$2K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2501	long leg	$9K	$738K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2500	−0.018%	$344	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2500	−0.042%	$1.4M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2500	−0.038%	$48.7M	$6.9M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2500	−0.028%	$542K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0113%	8h	0.2502	+0.046%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0161%	1h	0.2508	+0.273%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2501	+0.002%	$4.6M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2499	−0.060%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0311%	1h	0.2500	−0.026%	$139K	$461K	15x	as long as short
Hyperliquid ADA	+0.0475%	1h	0.2502	+0.042%	$44.8M	$16.0M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0550%	1h	0.2502	+0.030%	$621K	$523K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0616% / S −0.0569%	1h	0.2500	−0.055%	$139K	—	100x	as long as short