Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: SunX against Bitget+0.247%7-day average +0.042% · you sell dearer than you buy

Net, funding: paid 7d − costs−$188as in the Funding arb table

Net, price: spread back to 7d avg − costs−$171as in the Price arb table

costs, in and out, $10k−$1921.920% of the position

Long on Bitget Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.042%+$4 on $10k

Price spread, last 4 days (all we have)−0.144%−$14 · spread now +0.247%, 7d avg +0.042%

Together, before fees−0.102%−$10 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: SunX is 0.205% dearer against Bitget than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.042%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2443	0.0100	pay 0.0100% / 8h	4h 49m	$67.0M	$49.2M	75x
Short	SunX ADA-USDT	0.2449	0.0100	get 0.0100% / 8h	4h 49m	$8K	$657K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bitget. 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 BitgetbpFee SunXbpOrdersPrice spread, now +0.247%Rate

Funding earned: $0
Price spread: +0.247% → +0.042%: $20.53
Slippage, 4 orders: −$171.98
Fee Bitget: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$171.45
Costs to cover: 1.920%
Break-even: never at this rate

Slippage from Bitget: live order book, 2 min ago; SunX: live order book, 45 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 Bitget live order book, 2 min ago	2.04 bp	9.2 bp −$9	12.3 bp −$123	23.7 bp −$2,367	doesn't fit
Sell SunX live order book, 45 min ago	80.33 bp	86.8 bp −$87	94.3 bp −$943	doesn't fit	doesn't fit

ADA on 37 exchanges

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
Kraken Futures PF_ADAUSD	−0.0105%	1h	0.2445	+0.086%	$6.2M	$12.8M	50x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2444	+0.056%	$206K	$6K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2446	+0.123%	$206K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	+0.293%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.146%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	+0.127%	$2.4M	$924K	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2450	+0.270%	$2K	$102K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2444	+0.041%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2445	+0.076%	$157K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2445	+0.069%	$104.9M	$376.4M	75x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2443	0.000%	$74.1M	$121.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	0.000%	$32.2M	$104.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2442	−0.041%	$100.7M	$58.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2443	0.000%	$50.6M	$69.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2444	+0.053%	$29.3M	$14.8M	75x	as long as short
Bitget ADAUSDTlong	+0.0100%	8h	0.2443	long leg	$67.0M	$49.2M	75x
BingX ADA-USDT	+0.0100%	8h	0.2444	+0.041%	—	$18.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	+0.070%	$136K	$445K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2443	−0.006%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	+0.355%	$65K	$290K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.369%	$290K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	+0.409%	$67K	$898K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	+0.254%	$91K	$1.5M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2447	+0.164%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.198%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2449	+0.247%	$8K	$657K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2447	+0.184%	$337	$6K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2444	+0.028%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2443	0.000%	$47.2M	$7.4M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2445	+0.083%	$19K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	−0.054%	$540K	$1.7M	50x	as long as short
Hyperliquid ADA	+0.0116%	1h	0.2446	+0.106%	$43.5M	$17.2M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0216%	1h	0.2444	+0.041%	$404K	$7.7M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2445	+0.082%	$4.6M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0268%	1h	0.2449	+0.236%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0281%	1h	0.2448	+0.221%	$572K	$836K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0367% / S −0.0294%	1h	0.2450	+0.275%	$87K	—	100x	as long as short