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: KuCoin against SunX+0.191%7-day average −0.030% · you sell dearer than you buy

Net, funding: paid 7d − costs−$88as in the Funding arb table

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

costs, in and out, $10k−$790.792% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.238%−$24 · spread now +0.191%, 7d avg −0.030%

Together, before fees−0.330%−$33 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: KuCoin is 0.221% dearer against SunX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of −0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ADA-USDT	0.2429	0.0100	pay 0.0100% / 8h	2h 20m	$8K	$764K	30x
Short	KuCoin ADAUSDTM	0.2434	0.0100	get 0.0100% / 8h	2h 20m	$29.2M	$15.7M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.191%Rate

Funding earned: $0
Price spread: +0.191% → −0.030%: $22.14
Slippage, 4 orders: −$59.2
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$57.07
Costs to cover: 0.792%
Break-even: never at this rate

Slippage from SunX: live order book, 51 min ago; KuCoin: 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, 51 min ago	20.79 bp	24.8 bp −$25	31.6 bp −$316	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	2.69 bp	14.5 bp −$15	21.2 bp −$212	doesn't fit	doesn't fit

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
Kalshi KXADAPERP	0.0000%	8h	0.2431	+0.084%	$202K	$7.5M	3.2x	as long as short
dYdX ADA-USD	+0.0002%	1h	0.2435	+0.247%	$200K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2427	−0.066%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2428	−0.041%	$6.2M	$13.7M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2429	+0.023%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.731%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2437	+0.352%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2437	+0.340%	$42.0M	$17.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2436	+0.271%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2431	+0.103%	$156K	$176K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2436	+0.290%	$102.4M	$407.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2436	+0.290%	$71.5M	$123.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2437	+0.331%	$32.4M	$116.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2434	+0.208%	$99.0M	$64.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2435	+0.249%	$52.6M	$64.9M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2434	+0.191%	$29.2M	$15.7M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2436	+0.290%	$66.2M	$53.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2436	+0.290%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2430	+0.031%	$126K	$476K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2427	−0.077%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2420	−0.370%	$64K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2419	−0.412%	$284K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2420	−0.368%	$84K	$887K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2430	+0.056%	$114K	$918K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2428	−0.039%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2428	−0.036%	$39K	$2K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2429	long leg	$8K	$764K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2429	−0.019%	$334	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2427	−0.081%	$1.3M	$6.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2428	−0.039%	$47.1M	$7.4M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2432	+0.132%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2435	+0.242%	$522K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2428	−0.039%	$377K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2431	+0.084%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2431	+0.064%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0639% / S −0.0714%	1h	0.2427	−0.082%	$161K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0656%	1h	0.2430	+0.027%	$605K	$597K	50x	as long as short