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 −0.003%

Price spread now: Gate against MEXC−0.041%7-day average −0.024% · you buy dearer than you sell

Net, funding: paid 7d − costs−$28as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on MEXC Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.041%, 7d avg −0.024%

Together, before fees+0.046%+$5 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2458	0.0100	pay 0.0100% / 8h	1h 04m	$55.3M	$66.1M	300x
Short	Gate ADA_USDT	0.2457	0.0100	get 0.0100% / 8h	1h 04m	$100.6M	$65.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate against MEXC. 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 MEXCbpFee GatebpOrdersPrice spread, now −0.041%Rate

Funding earned: $0
Price spread: −0.041% → −0.024%: −$1.66
Slippage, 4 orders: −$15.55
Fee MEXC: 0 bp × 2 orders: $0
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$32.21
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Gate: live order book, 4 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 MEXC live order book, 4 min ago	2.03 bp	2.0 bp −$2	3.7 bp −$37	16.4 bp −$1,639	45.0 bp −$22.5K
Sell Gate live order book, 4 min ago	2.04 bp	13.2 bp −$13	16.4 bp −$164	80.0 bp −$8,003	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
Kalshi KXADAPERP	0.0000%	8h	0.2462	+0.163%	$164K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	+0.094%	$84K	—	150x	as long as short
dYdX ADA-USD	+0.0032%	1h	0.2462	+0.143%	$203K	$2K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.529%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.122%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2459	+0.033%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	+0.043%	$158K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	+0.023%	$103.7M	$407.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2458	0.000%	$73.2M	$124.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	0.000%	$32.7M	$118.4M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDTshort	+0.0100%	8h	0.2457	−0.041%	$100.6M	$65.2M	75x
MEXC ADA_USDTlong	+0.0100%	8h	0.2458	long leg	$55.3M	$66.1M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2459	+0.049%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	−0.081%	$66.9M	$53.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2456	−0.081%	—	$20.2M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2464	+0.247%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.132%	$66K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.125%	$294K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.122%	$127K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	+0.265%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	+0.204%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.061%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	+0.076%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	0.000%	$47.6M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.110%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2458	+0.020%	$21K	$250	20x	as long as short
ApeX Omni ADAUSDT	+0.0112%	1h	0.2461	+0.122%	$79K	$893K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2464	+0.244%	$368K	$8.5M	50x	as long as short
Lighter ADA	+0.0128%	1h	0.2460	+0.077%	$2.4M	$1.0M	10x	as long as short
Backpack ADA_USDC_PERP	+0.0151%	1h	0.2459	+0.057%	$140K	$487K	15x	as long as short
Phoenix ADA	+0.0163%	1h	0.2464	+0.224%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0169%	1h	0.2459	+0.038%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2463	+0.203%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2462	+0.163%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0290%	1h	0.2460	+0.098%	$43.2M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0319%	1h	0.2462	+0.142%	$628K	$615K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0603% / S −0.0679%	1h	0.2460	+0.077%	$156K	—	100x	as long as short