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: SunX against Bybit+0.533%7-day average +0.047% · you sell dearer than you buy

Net, funding: paid 7d − costs−$62as in the Funding arb table

Net, price: spread back to 7d avg − costs−$21as in the Price arb table

costs, in and out, $10k−$700.699% of the position

Long on Bybit Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.079%+$8 on $10k

Price spread, last 3 days (all we have)−0.498%−$50 · spread now +0.533%, 7d avg +0.047%

Together, before fees−0.419%−$42 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 0.485% dearer against Bybit than usual: you sell high and buy low, +$49 on $10k if it goes back to its 7-day average of +0.047%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2443	0.0100	pay 0.0100% / 8h	6h 42m	$71.9M	$108.5M	75x
Short	SunX ADA-USDT	0.2456	0.0100	get 0.0100% / 8h	6h 42m	$9K	$774K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Bybit. 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 BybitbpFee SunXbpOrdersPrice spread, now +0.533%Rate

Funding earned: $0
Price spread: +0.533% → +0.047%: $48.5
Slippage, 4 orders: −$50.93
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee SunX: 4 bp × 2 orders: −$8
Net: −$21.42
Costs to cover: 0.699%
Break-even: never at this rate

Slippage from Bybit: live order book, 1 min ago; SunX: live order book, 69 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 Bybit live order book, 1 min ago	2.03 bp	7.5 bp −$8	11.4 bp −$114	30.5 bp −$3,051	152.7 bp −$76.3K
Sell SunX live order book, 69 min ago	20.80 bp	28.0 bp −$28	doesn't fit	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
dYdX ADA-USD	0.0000%	1h	0.2442	−0.050%	$201K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	+0.425%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.146%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2453	+0.409%	$406K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2444	+0.049%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2444	+0.060%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2443	+0.017%	$1.2M	$971K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.012%	$158K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2443	0.000%	$102.1M	$376.0M	75x	as long as short
Bybit ADAUSDTlong	+0.0100%	8h	0.2443	long leg	$71.9M	$108.5M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	0.000%	$32.4M	$108.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2441	−0.082%	$97.8M	$58.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2443	0.000%	$50.2M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2442	−0.045%	$29.8M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2443	0.000%	$65.3M	$46.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2443	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	+0.237%	$126K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	+0.414%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	+0.619%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.408%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2460	+0.696%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.450%	$93K	$656K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	+0.409%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.457%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2456	+0.533%	$9K	$774K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.442%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.487%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	+0.287%	$47.7M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	−0.025%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2444	+0.061%	$20K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0109%	8h	0.2457	+0.573%	$195K	$6.2M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2453	+0.397%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.655%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	+0.472%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2452	+0.378%	$6.2M	$12.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0402%	1h	0.2454	+0.458%	$502K	$473K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0622% / S −0.0389%	1h	0.2454	+0.447%	$140K	—	100x	as long as short