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 KuCoin+0.005%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$72as in the Funding arb table

Net, price: spread back to 7d avg − costs−$84as in the Price arb table

costs, in and out, $10k−$810.809% of the position

Long on KuCoin Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.092%+$9 on $10k

Price spread, last 3 days (all we have)+0.030%+$3 · spread now +0.005%, 7d avg +0.031%

Together, before fees+0.121%+$12 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 0.026% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2441	0.0100	pay 0.0100% / 8h	6h 39m	$29.8M	$18.1M	75x
Short	SunX ADA-USDT	0.2441	0.0100	get 0.0100% / 8h	6h 39m	$9K	$774K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against KuCoin. 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 KuCoinbpFee SunXbpOrdersPrice spread, now +0.005%Rate

Funding earned: $0
Price spread: +0.005% → +0.031%: −$2.64
Slippage, 4 orders: −$60.87
Fee KuCoin: 6 bp × 2 orders: −$12
Fee SunX: 4 bp × 2 orders: −$8
Net: −$83.52
Costs to cover: 0.809%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; SunX: 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 KuCoin live order book, 5 min ago	2.04 bp	17.4 bp −$17	29.8 bp −$298	doesn't fit	doesn't fit
Sell SunX live order book, 3 min ago	20.79 bp	27.2 bp −$27	36.3 bp −$363	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	0.2439	−0.094%	$201K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.018%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.233%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2439	−0.078%	$402K	$7.4M	50x	as long as short
Gate ADA_USDT	+0.0091%	8h	0.2441	+0.004%	$97.8M	$59.2M	75x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	+0.053%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	+0.045%	$42.6M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	−0.040%	$1.2M	$973K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2438	−0.100%	$158K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2441	+0.004%	$101.9M	$376.9M	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	0.2440	−0.037%	$71.5M	$109.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2442	+0.045%	$32.4M	$108.2M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2440	−0.037%	$49.1M	$51.1M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2441	long leg	$29.8M	$18.1M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2441	+0.004%	$65.4M	$46.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2441	+0.004%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	+0.029%	$127K	$425K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2439	−0.073%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2457	+0.645%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2442	+0.041%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	+0.578%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2440	−0.045%	$91K	$663K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	−0.037%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	−0.003%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2441	+0.005%	$9K	$774K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2440	−0.016%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2438	−0.104%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2441	+0.004%	$47.5M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2439	−0.060%	$530K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2438	−0.123%	$20K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0113%	8h	0.2439	−0.078%	$197K	$6.2M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2434	−0.303%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.742%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2441	−0.015%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0356%	1h	0.2440	−0.023%	$6.2M	$12.2M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0414% / S −0.0202%	1h	0.2440	−0.040%	$94K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0447%	1h	0.2441	+0.008%	$499K	$472K	50x	as long as short