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 −0.003%

Price spread now: Gate against SunX−0.119%7-day average −0.071% · you buy dearer than you sell

Net, funding: paid 7d − costs−$85as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$780.783% of the position

Long on SunX Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days−0.066%−$7 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now −0.119%, 7d avg −0.071%

Together, before fees−0.012%−$1 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: Gate is 0.048% cheaper against SunX than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ADA-USDT	0.2459	0.0100	pay 0.0100% / 8h	6h 11m	$9K	$760K	30x
Short	Gate ADA_USDT	0.2456	0.0100	get 0.0100% / 8h	6h 11m	$98.1M	$60.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.119%Rate

Funding earned: $0
Price spread: −0.119% → −0.071%: −$4.77
Slippage, 4 orders: −$55.27
Fee SunX: 4 bp × 2 orders: −$8
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$83.05
Costs to cover: 0.783%
Break-even: never at this rate

Slippage from SunX: live order book, 30 min ago; Gate: live order book, 2 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, 30 min ago	20.79 bp	24.8 bp −$25	31.7 bp −$317	doesn't fit	doesn't fit
Sell Gate live order book, 2 min ago	2.04 bp	12.9 bp −$13	17.1 bp −$171	80.6 bp −$8,063	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	0.2456	−0.137%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	−0.021%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.491%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2452	−0.282%	$404K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2459	+0.019%	$42.9M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	−0.038%	$1.2M	$971K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	−0.095%	$158K	$157K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	−0.038%	$103.2M	$371.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	−0.078%	$72.3M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	−0.119%	$32.7M	$107.5M	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_USDTshort	+0.0100%	8h	0.2456	−0.119%	$98.1M	$60.3M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2459	+0.003%	$59.2M	$52.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2457	−0.070%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.003%	$65.8M	$47.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	−0.078%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	−0.026%	$130K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.280%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.262%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	−0.292%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.282%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	−0.046%	$94K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	+0.003%	$6K	$26K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	+0.049%	$40K	$3K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2459	long leg	$9K	$760K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.023%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.050%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	+0.003%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	−0.042%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2458	−0.049%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0108%	8h	0.2457	−0.078%	$163K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	−0.123%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2460	+0.044%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2457	−0.059%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2459	−0.009%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2458	−0.047%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0441%	1h	0.2460	+0.056%	$503K	$470K	50x	as long as short