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: MEXC against BingX−0.041%7-day average — · you buy dearer than you sell

Net, funding: paid 7d − costs−$26as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$220.221% of the position

Long on BingX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.043%−$4 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.041% cheaper against BingX than usual: you would sell low and buy high, −$4 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BingX ADA-USDT	0.2464	0.0100	pay 0.0100% / 8h	5h 08m	—	$20.0M	—
Short	MEXC ADA_USDT	0.2463	0.0100	get 0.0100% / 8h	5h 08m	$61.9M	$61.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against BingX. 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 BingXbpFee MEXCbpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → 0.000%: −$4.06
Slippage, 4 orders: −$12.11
Fee BingX: 5 bp × 2 orders: −$10
Fee MEXC: 0 bp × 2 orders: $0
Net: −$26.16
Costs to cover: 0.221%
Break-even: never at this rate

Slippage from BingX: live order book, 10 min ago; MEXC: live order book, 6 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 BingX live order book, 10 min ago	2.02 bp	11.1 bp −$11	13.4 bp −$134	17.4 bp −$1,741	33.8 bp −$16.9K
Sell MEXC live order book, 6 min ago	2.02 bp	2.0 bp −$2	3.1 bp −$31	18.5 bp −$1,846	48.5 bp −$24.3K

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	0.2464	−0.019%	$203K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2468	+0.162%	$146K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2463	−0.026%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.284%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2465	+0.041%	$406K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	−0.017%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.012%	$160K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2464	−0.008%	$104.1M	$372.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2463	−0.041%	$71.9M	$110.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.041%	$32.8M	$106.5M	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	0.2462	−0.081%	$98.8M	$60.9M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2463	−0.041%	$61.9M	$61.0M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	−0.085%	$29.7M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2463	−0.041%	$66.2M	$49.9M	75x	as long as short
BingX ADA-USDTlong	+0.0100%	8h	0.2464	long leg	—	$20.0M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.045%	$132K	$443K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	+0.123%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2469	+0.193%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2470	+0.244%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2475	+0.446%	$228K	$737K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2462	−0.061%	$94K	$680K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2463	−0.041%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.093%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2466	+0.081%	$8K	$743K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	+0.041%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.077%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	+0.122%	$48.0M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.087%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2466	+0.087%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0129%	1h	0.2465	+0.020%	$43.1M	$14.6M	10x	as long as short
Lighter ADA	+0.0136%	1h	0.2466	+0.077%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2477	+0.536%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2468	+0.162%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2464	+0.012%	$6.3M	$12.8M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2463	−0.042%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0484% / S −0.0279%	1h	0.2463	−0.021%	$108K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.7337%	1h	0.2483	+0.791%	$587K	$443K	50x	as long as short