Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Pacifica−0.114%7-day average −0.020% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$31as in the Price arb table

costs, in and out, $10k−$220.218% of the position

Long on Pacifica Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$8 on $10k

Price spread, last 4 days (all we have)+0.057%+$6 · spread now −0.114%, 7d avg −0.020%

Together, before fees−0.019%+ Points / potential airdropPacifica: Active · farm board−$2 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 0.094% cheaper against Pacifica than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of −0.020%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ADA	0.2457	0.0100	pay 0.0013% / 1h	0m 03s	$158K	$159K	10x
Short	MEXC ADA_USDT	0.2454	0.0100	get 0.0100% / 8h	6h 00m	$63.4M	$55.5M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Pacifica. 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 PacificabpFee MEXCbpOrdersPrice spread, now −0.114%Rate

Funding earned: $0
Price spread: −0.114% → −0.020%: −$9.39
Slippage, 4 orders: −$13.77
Fee Pacifica: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$31.16
Costs to cover: 0.218%
Break-even: never at this rate

Slippage from Pacifica: live order book, 3 min ago; MEXC: 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 Pacifica live order book, 3 min ago	3.66 bp	7.9 bp −$8	doesn't fit	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.03 bp	2.0 bp −$2	3.0 bp −$30	19.2 bp −$1,923	51.5 bp −$25.7K

ADA on 36 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	0.2455	−0.080%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.138%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.578%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2455	−0.073%	$410K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2455	−0.073%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	−0.073%	$1.2M	$983K	75x	as long as short
Pacifica ADAlong	+0.0100%	1h	0.2457	long leg	$158K	$159K	10x
Binance ADAUSDT	+0.0100%	8h	0.2454	−0.116%	$103.0M	$367.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	−0.114%	$72.3M	$107.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	−0.033%	$32.7M	$106.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.195%	$98.4M	$60.7M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2454	−0.114%	$63.4M	$55.5M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	−0.122%	$29.9M	$17.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	−0.114%	$65.7M	$47.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2453	−0.155%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	−0.134%	$131K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.030%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.212%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.189%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.252%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2456	−0.045%	$94K	$671K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.114%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	−0.086%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2457	+0.005%	$9K	$749K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	−0.094%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	−0.133%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	−0.114%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	−0.097%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2455	−0.073%	$139K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2457	−0.003%	$21K	$250	20x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0158%	1h	0.2454	−0.098%	$502K	$470K	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2461	+0.187%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2455	−0.069%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2453	−0.135%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2453	−0.152%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2453	−0.153%	$95K	—	100x	as long as short