Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0014%/8h= −1.5% APRnext payment $0.14 per $10,000 · paid last 24h 0.000%
Price spread now: SunX against Paradex+0.130%7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropParadex: Active · farm boardneeds both histories
The price spread pays, funding is against you. SunX is 0.130% dearer against Paradex than usual: you sell high and buy low (spread +0.130% now, against zero (this spread has no 7-day history yet)): +$13 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 31 days.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ADA-USD-PERP0.25000.0114pay 0.0114% / 8h3h 46m$21K$25020x
ShortSunX ADA-USDT0.25030.0100get 0.0100% / 8h3h 46m$8K$735K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against Paradex. 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

Funding earned
−$2.94
Price spread: +0.130% → 0.000%
$13.05
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee SunX: 4 bp × 2 orders
−$8
Net
−$1.89
Costs to cover
0.120%
Break-even
from the start
Slippage unknown: Paradex: no order-book sample; SunX: live order book, 35 min ago. Net counts fees only.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Paradex no order-book sample
Sell SunX live order book, 35 min ago20.78 bp28.0 bp −$28doesn't fitdoesn't fitdoesn't fit
Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2502+0.077%$206K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2505+0.213%$173K$6.7M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2505+0.233%$86K150xas long as short
Kraken Futures PF_ADAUSD+0.0025%1h0.2502+0.093%$6.4M$12.8M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−1.147%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2506+0.253%$428K$8.2M50xas long as short
Lighter ADA+0.0096%1h0.2503+0.145%$2.5M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2504+0.165%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2502+0.089%$161K$168K10xas long as short
Binance ADAUSDT+0.0100%8h0.2501+0.045%$106.1M$380.0M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2501+0.053%$73.9M$111.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2503+0.133%$33.4M$110.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2498−0.067%$101.9M$60.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2499−0.027%$60.8M$60.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2500+0.029%$30.0M$15.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2498−0.067%$67.9M$50.8M75xas long as short
BingX ADA-USDT+0.0100%8h0.2499−0.027%$20.2Mas long as short
Variational Omni ADA+0.0100%8h0.2514+0.576%$4.4M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2501+0.067%$66K$285K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2499−0.036%$301K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2495−0.187%$230K$750K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2505+0.205%$96K$639K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2504+0.173%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2505+0.207%$41K$2K5xas long as short
SunX ADA-USDTshort+0.0100%8h0.2503+0.130%$8K$735K30x
SoDEX ADA-USD+0.0100%1h0.2502+0.093%$344$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2502+0.079%$1.4M$6.6M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2501+0.053%$48.8M$6.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2498−0.075%$543K$1.8M50xas long as short
Paradex ADA-USD-PERPlong+0.0114%8h0.2500long leg$21K$25020x
Phoenix ADA+0.0161%1h0.2510+0.393%$4K$95K10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0189%1h0.2504+0.173%$621K$510K50xas long as short
BloFin ADA-USDT+0.0220%8h0.2503+0.133%$4.5M$5.9M75xas long as short
Reya ADARUSDPERP+0.0277%1h0.2504+0.173%$1K15xas long as short
Backpack ADA_USDC_PERP+0.0342%1h0.2501+0.061%$141K$459K15xas long as short
Hyperliquid ADA+0.0528%1h0.2506+0.241%$44.8M$16.0M10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0600% / S −0.0547%1h0.2504+0.184%$135K100xas long as short