Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
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: BingX against SunX−0.161%7-day average −0.030% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$88as in the Price arb table
costs, in and out, $10k−$750.751% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.044%−$4 on $10k
Price spread, last 4 days (all we have)−0.226%−$23 · spread now −0.161%, 7d avg −0.030%
Together, before fees−0.270%−$27 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: BingX is 0.131% cheaper against SunX than usual: you would sell low and buy high, −$13 on $10k if it goes back to its 7-day average of −0.030%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ADA-USDT0.24810.0100pay 0.0100% / 8h5h 18m$8K$746K30x
ShortBingX ADA-USDC0.24770.0100get 0.0100% / 8h5h 18m$6.5M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX 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

Funding earned
$0
Price spread: −0.161% → −0.030%
−$13.1
Slippage, 4 orders
−$57.06
Fee SunX: 4 bp × 2 orders
−$8
Fee BingX: 5 bp × 2 orders
−$10
Net
−$88.15
Costs to cover
0.751%
Break-even
never at this rate
Slippage from SunX: live order book, 14 min ago; BingX: live order book, 8 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 14 min ago20.77 bp24.8 bp −$2531.6 bp −$316doesn't fitdoesn't fit
Sell BingX live order book, 8 min ago2.02 bp11.9 bp −$1221.5 bp −$21584.3 bp −$8,434655.6 bp −$327.8K

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2480−0.022%$204K$3K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2476−0.188%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.403%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2482+0.041%$415K$7.7M50xas long as short
Aster ADAUSDT+0.0100%8h0.2480−0.023%$1.2M$999K75xas long as short
Pacifica ADA+0.0100%1h0.2482+0.049%$159K$162K10xas long as short
Binance ADAUSDT+0.0100%8h0.2477−0.142%$105.3M$371.4M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2477−0.161%$72.2M$110.4M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2478−0.121%$33.0M$106.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2476−0.201%$99.6M$60.4M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
MEXC ADA_USDT+0.0100%8h0.2478−0.121%$57.6M$60.2M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2480−0.036%$29.8M$16.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2478−0.121%$66.4M$49.4M75xas long as short
BingX ADA-USDCshort+0.0100%8h0.2477−0.161%$6.5M
Backpack ADA_USDC_PERP+0.0100%1h0.2484+0.113%$139K$433K15xas long as short
Variational Omni ADA+0.0100%8h0.2495+0.566%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2495+0.580%$66K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2482+0.051%$294K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2496+0.605%$230K$736K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2479−0.076%$96K$678K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2477−0.161%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2478−0.122%$40K$2K5xas long as short
SunX ADA-USDTlong+0.0100%8h0.2481long leg$8K$746K30x
SoDEX ADA-USD+0.0100%1h0.2477−0.141%$341$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2486+0.214%$1.3M$6.2M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2484+0.121%$48.3M$6.5M50xas long as short
Kalshi KXADAPERP+0.0103%8h0.2488+0.283%$160K$6.3M3.2xas long as short
Extended ADA-USD+0.0104%1h0.2477−0.146%$539K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0110%8h0.2482+0.049%$21K$25020xas long as short
Hyperliquid ADA+0.0128%1h0.2481−0.007%$43.1M$14.4M10xas long as short
Phoenix ADA+0.0163%1h0.2492+0.440%$4K$90K10xas long as short
Lighter ADA+0.0192%1h0.2486+0.186%$2.5M$1.1M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2485+0.162%$4.5M$5.8M75xas long as short
Kraken Futures PF_ADAUSD+0.0259%1h0.2478−0.134%$6.3M$12.6M50xas long as short
Reya ADARUSDPERP+0.0280%1h0.2479−0.081%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0437%1h0.2478−0.125%$585K$442K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0486% / S −0.0279%1h0.2476−0.216%$108K100xas long as short