Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: SunX against HTX−0.014%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$78as in the Price arb table

costs, in and out, $10k−$750.747% of the position

Long on HTX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 3 days (all we have)−0.031%−$3 · spread now −0.014%, 7d avg +0.018%

Together, before fees−0.031%−$3 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 0.032% cheaper against HTX than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2435	0.0100	pay 0.0100% / 8h	24m 01s	$1.3M	$5.4M	75x
Short	SunX ADA-USDT	0.2435	0.0100	get 0.0100% / 8h	24m 01s	$9K	$765K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against HTX. 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 HTXbpFee SunXbpOrdersPrice spread, now −0.014%Rate

Funding earned: $0
Price spread: −0.014% → +0.018%: −$3.16
Slippage, 4 orders: −$54.66
Fee HTX: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$77.82
Costs to cover: 0.747%
Break-even: never at this rate

Slippage from HTX: live order book, 5 min ago; SunX: live order book, 38 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 HTX live order book, 5 min ago	0.98 bp	12.9 bp −$13	24.9 bp −$249	50.6 bp −$5,059	doesn't fit
Sell SunX live order book, 38 min ago	20.78 bp	27.2 bp −$27	34.5 bp −$345	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	0.2434	−0.033%	$200K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2435	−0.012%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2435	−0.030%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2433	−0.094%	$401K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2435	−0.004%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2435	−0.018%	$42.2M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2434	−0.040%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2435	−0.008%	$156K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2434	−0.043%	$101.0M	$364.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2433	−0.094%	$70.6M	$103.6M	75x	as long as short

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	0.2435	−0.012%	$32.1M	$106.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2433	−0.094%	$96.6M	$60.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2434	−0.053%	$51.8M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2434	−0.074%	$29.8M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2434	−0.053%	$65.4M	$43.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2434	−0.053%	—	$21.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2434	−0.041%	$103K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	+0.079%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2442	+0.277%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	+0.136%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	+0.276%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2434	−0.037%	$91K	$637K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2434	−0.053%	$6K	$31K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2435	−0.012%	$39K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2435	−0.014%	$9K	$765K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2434	−0.057%	$335	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2435	long leg	$1.3M	$5.4M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2434	−0.053%	$47.5M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2435	−0.022%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2434	−0.073%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2434	−0.059%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2440	+0.181%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2433	−0.094%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.466%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2434	−0.051%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2434	−0.045%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.3132%	1h	0.2490	+2.263%	$500K	$430K	50x	as long as short