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: Bybit against SunX−0.038%7-day average −0.047% · you buy dearer than you sell
Net, funding: paid 7d − costs−$77as in the Funding arb table
Net, price: spread back to 7d avg − costs−$68as in the Price arb table
costs, in and out, $10k−$690.689% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.079%−$8 on $10k
Price spread, last 4 days (all we have)−0.349%−$35 · spread now −0.038%, 7d avg −0.047%
Together, before fees−0.427%−$43 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ADA-USDT0.24610.0100pay 0.0100% / 8h5h 45m$8K$745K30x
ShortBybit ADAUSDT0.24600.0100get 0.0100% / 8h5h 45m$72.7M$107.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Bybit 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: −0.038% → −0.047%
$0.92
Slippage, 4 orders
−$49.92
Fee SunX: 4 bp × 2 orders
−$8
Fee Bybit: 5.5 bp × 2 orders
−$11
Net
−$68
Costs to cover
0.689%
Break-even
never at this rate
Slippage from SunX: live order book, 57 min ago; Bybit: live order book, 4 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, 57 min ago20.79 bp24.8 bp −$2531.7 bp −$317doesn't fitdoesn't fit
Sell Bybit live order book, 4 min ago2.04 bp7.5 bp −$811.3 bp −$11335.3 bp −$3,533137.7 bp −$68.9K

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%1h0.2453−0.341%$202K$3K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2458−0.106%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.409%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2456−0.201%$443K$7.4M50xas long as short
Hyperliquid ADA+0.0100%1h0.2462+0.031%$42.9M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2460−0.038%$1.2M$984K75xas long as short
Pacifica ADA+0.0100%1h0.2454−0.288%$157K$159K10xas long as short
Binance ADAUSDT+0.0100%8h0.2460−0.018%$103.1M$366.9M75xas long as short
Bybit ADAUSDTshort+0.0100%8h0.2460−0.038%$72.7M$107.8M75x
OKX ADA-USDT-SWAP+0.0100%8h0.2460−0.038%$32.7M$105.3M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2458−0.119%$98.2M$58.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2459−0.079%$60.0M$55.3M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2460−0.038%$29.8M$16.9M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2460−0.038%$65.8M$47.6M75xas long as short
BingX ADA-USDC+0.0100%8h0.2459−0.079%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2461−0.010%$119K$420K15xas long as short
Variational Omni ADA+0.0100%8h0.2456−0.198%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2454−0.286%$65K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2453−0.342%$287K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2452−0.363%$226K$722K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2460−0.050%$94K$674K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2459−0.079%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2460−0.031%$40K$3K5xas long as short
SunX ADA-USDTlong+0.0100%8h0.2461long leg$8K$745K30x
SoDEX ADA-USD+0.0100%1h0.2460−0.038%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2458−0.103%$1.3M$6.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2459−0.079%$47.8M$6.3M50xas long as short
Kalshi KXADAPERP+0.0103%8h0.2456−0.201%$161K$6.2M3.2xas long as short
Extended ADA-USD+0.0104%1h0.2459−0.064%$535K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0109%8h0.2458−0.138%$21K$25020xas long as short
Lighter ADA+0.0160%1h0.2462+0.031%$2.4M$1.0M10xas long as short
Phoenix ADA+0.0163%1h0.2456−0.189%$4K$90K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2462+0.043%$5.8M75xas long as short
Kraken Futures PF_ADAUSD+0.0261%1h0.2459−0.060%$6.2M$12.2M50xas long as short
Reya ADARUSDPERP+0.0280%1h0.2459−0.059%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0416% / S −0.0202%1h0.2458−0.112%$95K100xas long as short
Deribit ADA_USDC-PERPETUAL+0.0523%1h0.2461−0.006%$540K$456K50xas long as short