Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against edgeX−0.049%83s7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$250.253% of the position

Long on edgeX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.087%−$9 on $10k

Price spread, last 4 days (all we have)−0.087%−$9 · spread now −0.049%, 7d avg −0.009%

Together, before fees−0.175%+ Points / potential airdropedgeX: Active · farm board−$17 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: MEXC is 0.040% cheaper against edgeX than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 83 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2467	0.0100	pay 0.0050% / 4h	16m 04s	$66K	$285K	20x
Short	MEXC ADA_USDT	0.2466	0.0100	get 0.0100% / 8h	4h 16m	$61.9M	$60.9M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against edgeX. 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 edgeXbpFee MEXCbpOrdersPrice spread, now −0.049%Rate

Funding earned: $0
Price spread: −0.049% → −0.009%: −$4.03
Slippage, 4 orders: −$16.3
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee MEXC: 0 bp × 2 orders: $0
Net: −$29.33
Costs to cover: 0.253%
Break-even: never at this rate

Slippage from edgeX: live order book, 42 min ago; MEXC: 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 edgeX live order book, 42 min ago	6.12 bp	10.6 bp −$11	30.4 bp −$304	doesn't fit	doesn't fit
Sell MEXC live order book, 3 min ago	2.03 bp	2.0 bp −$2	3.9 bp −$39	15.8 bp −$1,580	49.7 bp −$24.8K

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	0.2467	−0.028%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2469	+0.072%	$154K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	−0.076%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.153%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2463	−0.171%	$428K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2466	−0.032%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2468	+0.036%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2467	−0.007%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2467	+0.004%	$160K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	−0.047%	$104.4M	$370.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2465	−0.090%	$71.9M	$108.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	−0.090%	$33.0M	$105.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2464	−0.130%	$98.3M	$59.7M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2466	−0.049%	$61.9M	$60.9M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	−0.073%	$29.8M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	−0.090%	$66.4M	$49.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2464	−0.130%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2466	−0.065%	$125K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	−0.087%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2467	long leg	$66K	$285K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2468	+0.021%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	−0.049%	$227K	$746K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2467	−0.013%	$94K	$689K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2466	−0.049%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2468	+0.020%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	+0.030%	$9K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2467	−0.029%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2467	−0.024%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	−0.009%	$48.1M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2466	−0.036%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2468	+0.032%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0190%	1h	0.2466	−0.057%	$42.8M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2470	+0.097%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2467	−0.009%	$4.3M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2466	−0.069%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0520%	1h	0.2468	+0.032%	$599K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2466	−0.059%	$133K	—	100x	as long as short