Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against SunX+0.163%7-day average −0.046% · you sell dearer than you buy

Net, funding: paid 7d − costs−$75as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$670.671% of the position

Long on SunX Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 3 days (all we have)−0.201%−$20 · spread now +0.163%, 7d avg −0.046%

Together, before fees−0.280%−$28 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: Bybit is 0.209% dearer against SunX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.046%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ADA-USDT	0.2467	0.0100	pay 0.0100% / 8h	49m 06s	$9K	$760K	30x
Short	Bybit ADAUSDT	0.2471	0.0100	get 0.0100% / 8h	49m 06s	$72.0M	$102.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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

Position, each leg$Hold fordaysFee SunXbpFee BybitbpOrdersPrice spread, now +0.163%Rate

Funding earned: $0
Price spread: +0.163% → −0.046%: $20.86
Slippage, 4 orders: −$48.07
Fee SunX: 4 bp × 2 orders: −$8
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$46.21
Costs to cover: 0.671%
Break-even: never at this rate

Slippage from SunX: live order book, 13 min ago; Bybit: live order book, 5 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 SunX live order book, 13 min ago	20.78 bp	24.8 bp −$25	31.6 bp −$316	doesn't fit	doesn't fit
Sell Bybit live order book, 5 min ago	2.03 bp	7.5 bp −$8	10.6 bp −$106	29.0 bp −$2,898	136.7 bp −$68.3K

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	0.2469	+0.063%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2470	+0.122%	$157K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2468	+0.024%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2466	−0.040%	$407K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2468	+0.057%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2470	+0.130%	$42.8M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2467	+0.011%	$1.2M	$925K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2470	+0.117%	$159K	$144K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	+0.085%	$102.8M	$360.8M	75x	as long as short
Bybit ADAUSDTshort	+0.0100%	8h	0.2471	+0.163%	$72.0M	$102.3M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	+0.244%	$32.5M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2467	0.000%	$97.7M	$59.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2466	−0.040%	$53.1M	$50.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2466	−0.032%	$30.3M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2469	+0.081%	$66.2M	$43.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2469	+0.081%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	+0.292%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2475	+0.323%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2475	+0.331%	$299K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2475	+0.325%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2468	+0.025%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	−0.081%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	−0.025%	$40K	$3K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2467	long leg	$9K	$760K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2467	−0.020%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2467	−0.013%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2466	−0.040%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2469	+0.082%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2466	−0.038%	$561K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2467	−0.005%	$6.2M	$11.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0118%	1h	0.2469	+0.069%	$109K	$415K	15x	as long as short
Phoenix ADA	+0.0130%	1h	0.2475	+0.333%	$4K	$78K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0196%	1h	0.2466	−0.024%	$489K	$410K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2470	+0.122%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.163%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2468	+0.024%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2467	+0.001%	$122K	—	100x	as long as short