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: Bitget against SunX+0.081%7-day average −0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$690.690% of the position

Long on SunX Short on Bitget

What this pair did over the last

the charts below follow

Funding, last 7 days−0.057%−$6 on $10k

Price spread, last 3 days (all we have)−0.145%−$14 · spread now +0.081%, 7d avg −0.042%

Together, before fees−0.202%−$20 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: Bitget is 0.123% dearer against SunX than usual: you sell high and buy low, +$12 on $10k if it goes back to its 7-day average of −0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ADA-USDT	0.2450	0.0100	pay 0.0100% / 8h	6h 50m	$9K	$773K	30x
Short	Bitget ADAUSDT	0.2452	0.0100	get 0.0100% / 8h	6h 50m	$65.6M	$46.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bitget 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 BitgetbpOrdersPrice spread, now +0.081%Rate

Funding earned: $0
Price spread: +0.081% → −0.042%: $12.29
Slippage, 4 orders: −$48.98
Fee SunX: 4 bp × 2 orders: −$8
Fee Bitget: 6 bp × 2 orders: −$12
Net: −$56.69
Costs to cover: 0.690%
Break-even: never at this rate

Slippage from SunX: live order book, 61 min ago; Bitget: live order book, 3 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, 61 min ago	20.80 bp	24.8 bp −$25	doesn't fit	doesn't fit	doesn't fit
Sell Bitget live order book, 3 min ago	2.05 bp	8.1 bp −$8	12.6 bp −$126	30.9 bp −$3,094	127.0 bp −$63.5K

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	0.2448	−0.082%	$201K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2449	−0.023%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.856%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2455	+0.203%	$410K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	+0.142%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	+0.127%	$1.2M	$968K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2448	−0.074%	$157K	$156K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	+0.194%	$102.2M	$374.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	+0.162%	$72.1M	$107.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	+0.244%	$32.5M	$108.5M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2451	+0.040%	$98.2M	$58.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	+0.081%	$50.2M	$50.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	+0.081%	$30.0M	$18.0M	75x	as long as short
Bitget ADAUSDTshort	+0.0100%	8h	0.2452	+0.081%	$65.6M	$46.3M	75x
BingX ADA-USDC	+0.0100%	8h	0.2453	+0.122%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2453	+0.105%	$129K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2450	+0.004%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2444	−0.263%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2444	−0.246%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2447	−0.123%	$56K	$587K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	−0.033%	$92K	$655K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	+0.040%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	+0.096%	$40K	$3K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2450	long leg	$9K	$773K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2452	+0.069%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.030%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	+0.122%	$47.7M	$6.4M	50x	as long as short
Kalshi KXADAPERP	+0.0102%	8h	0.2449	−0.042%	$205K	$6.2M	3.2x	as long as short
Lighter ADA	+0.0104%	1h	0.2454	+0.146%	$2.4M	$1.0M	10x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2451	+0.057%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2448	−0.099%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2441	−0.368%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	+0.040%	$4.5M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2449	−0.061%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2451	+0.045%	$6.2M	$12.0M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0403%	1h	0.2452	+0.089%	$498K	$470K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0622% / S −0.0389%	1h	0.2450	−0.004%	$140K	—	100x	as long as short