Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: edgeX against SunX+0.249%74s7-day average −0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as 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−$730.735% of the position

Long on SunX Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.355%−$35 · spread now +0.249%, 7d avg −0.043%

Together, before fees−0.355%+ Points / potential airdropedgeX: Active · farm board−$35 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: edgeX is 0.292% dearer against SunX than usual: you sell high and buy low, +$29 on $10k if it goes back to its 7-day average of −0.043%. The two prices were read 74 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	0.2450	0.0100	pay 0.0100% / 8h	6h 08m	$9K	$760K	30x
Short	edgeX ADAUSDC	0.2456	0.0100	get 0.0050% / 4h	2h 08m	$65K	$282K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX 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 edgeXbpOrdersPrice spread, now +0.249%Rate

Funding earned: $0
Price spread: +0.249% → −0.043%: $29.19
Slippage, 4 orders: −$56.46
Fee SunX: 4 bp × 2 orders: −$8
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$44.27
Costs to cover: 0.735%
Break-even: never at this rate

Slippage from SunX: live order book, 33 min ago; edgeX: live order book, 59 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, 33 min ago	20.79 bp	24.8 bp −$25	31.7 bp −$317	doesn't fit	doesn't fit
Sell edgeX live order book, 59 min ago	6.05 bp	10.6 bp −$11	26.4 bp −$264	doesn't fit	doesn't fit

ADA on 36 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	0.2449	−0.057%	$201K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.184%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.861%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2447	−0.118%	$404K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2454	+0.163%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	−0.002%	$1.2M	$977K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	−0.008%	$157K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.241%	$103.1M	$371.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	+0.208%	$72.3M	$108.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	+0.249%	$32.6M	$106.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2453	+0.127%	$98.1M	$60.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2453	+0.127%	$58.9M	$52.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	+0.069%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	+0.208%	$65.9M	$47.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2454	+0.167%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2446	−0.151%	$129K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2455	+0.211%	$4.2M	$992K	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2456	+0.249%	$65K	$282K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	+0.185%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.167%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	+0.114%	$93K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	+0.208%	$6K	$16K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	+0.258%	$40K	$3K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2450	long leg	$9K	$760K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2456	+0.257%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2446	−0.150%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2446	−0.159%	$47.6M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.021%	$532K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2449	−0.037%	$163K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2450	+0.008%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	+0.245%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0192%	1h	0.2451	+0.053%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2452	+0.106%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0355%	1h	0.2446	−0.158%	$6.2M	$12.2M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2454	+0.171%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0565%	1h	0.2457	+0.290%	$502K	$471K	50x	as long as short