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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: ApeX Omni against SunX−0.161%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$79as in the Funding arb table
Net, price: spread back to 7d avg − costs−$90as in the Price arb table
costs, in and out, $10k−$770.766% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.027%−$3 on $10k
Price spread, last 3 days (all we have)−0.019%−$2 · spread now −0.161%, 7d avg −0.024%
Together, before fees−0.046%−$5 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: ApeX Omni is 0.137% cheaper against SunX than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of −0.024%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongSunX ADA-USDT0.24700.0100pay 0.0100% / 8h7h 30m$9K$765K30x
ShortApeX Omni ADAUSDT0.24660.0100get 0.0013% / 1h30m 42s$56K$583K50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

ApeX Omni against SunX. 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
$0
Price spread: −0.161% → −0.024%
−$13.66
Slippage, 4 orders
−$58.57
Fee SunX: 4 bp × 2 orders
−$8
Fee ApeX Omni: 5 bp × 2 orders
−$10
Net
−$90.23
Costs to cover
0.766%
Break-even
never at this rate
Slippage from SunX: live order book, 21 min ago; ApeX Omni: live order book, 42 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy SunX live order book, 21 min ago20.80 bp24.8 bp −$25doesn't fitdoesn't fitdoesn't fit
Sell ApeX Omni live order book, 42 min ago4.09 bp11.2 bp −$1142.7 bp −$427doesn't fitdoesn't fit

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%1h0.2467−0.114%$203K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2471+0.042%$184K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2471+0.023%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.042%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0040%1h0.2470+0.001%$422K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0047%1h0.2469−0.053%$6.2M$11.7M50xas long as short
Phoenix ADA+0.0098%1h0.2467−0.136%$4K$84K10xas long as short
Aster ADAUSDT+0.0100%8h0.2470+0.004%$1.2M$947K75xas long as short
Pacifica ADA+0.0100%1h0.2469−0.057%$159K$145K10xas long as short
Binance ADAUSDT+0.0100%8h0.2468−0.077%$102.3M$365.3M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2468−0.080%$72.5M$104.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2469−0.039%$32.6M$107.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2468−0.080%$98.2M$58.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2467−0.120%$52.8M$51.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2468−0.068%$30.2M$17.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2468−0.080%$66.3M$44.0M75xas long as short
BingX ADA-USDC+0.0100%8h0.2468−0.080%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2469−0.039%$119K$409K15xas long as short
Variational Omni ADA+0.0100%8h0.2470+0.006%$4.2M$942Kas long as short
edgeX ADAUSDC+0.0100%4h0.2461−0.358%$65K$282K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2462−0.326%$288K$3.7M10xas long as short
ApeX Omni ADAUSDTshort+0.0100%1h0.2466−0.161%$56K$583K50x
Polymarket Perps ADA-USD+0.0100%1h0.2471+0.042%$94K$645K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2469−0.039%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2469−0.024%$40K$3K5xas long as short
SunX ADA-USDTlong+0.0100%8h0.2470long leg$9K$765K30x
SoDEX ADA-USD+0.0100%1h0.2470−0.019%$340$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2472+0.066%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2468−0.080%$48.2M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0103%8h0.2469−0.044%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2468−0.081%$550K$1.8M50xas long as short
Lighter ADA+0.0112%1h0.2470+0.001%$2.5M$1.1M10xas long as short
Hyperliquid ADA+0.0159%1h0.2470+0.017%$43.2M$14.5M10xas long as short
BloFin ADA-USDT+0.0220%8h0.2472+0.082%$4.4M$5.5M75xas long as short
Reya ADARUSDPERP+0.0283%1h0.2472+0.063%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0317%1h0.2470−0.007%$496K$434K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0627% / S −0.0393%1h0.2470+0.007%$142K100xas long as short