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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: SunX against ApeX Omni−0.202%7-day average +0.023% · you buy dearer than you sell
Net, funding: paid 7d − costs−$82as in the Funding arb table
Net, price: spread back to 7d avg − costs−$107as in the Price arb table
costs, in and out, $10k−$850.845% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.025%+$2 on $10k
Price spread, last 4 days (all we have)+0.634%+$63 · spread now −0.202%, 7d avg +0.023%
Together, before fees+0.659%+$66 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: SunX is 0.225% cheaper against ApeX Omni than usual: you would sell low and buy high, −$23 on $10k if it goes back to its 7-day average of +0.023%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ADAUSDT0.24630.0100pay 0.0013% / 1h6m 49s$227K$738K50x
ShortSunX ADA-USDT0.24580.0100get 0.0100% / 8h5h 06m$8K$743K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against ApeX Omni. 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: −0.202% → +0.023%
−$22.52
Slippage, 4 orders
−$66.54
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$107.06
Costs to cover
0.845%
Break-even
never at this rate
Slippage from ApeX Omni: live order book, 56 min ago; SunX: live order book, 25 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 ApeX Omni live order book, 56 min ago2.04 bp22.2 bp −$2251.8 bp −$518doesn't fitdoesn't fit
Sell SunX live order book, 25 min ago20.77 bp27.2 bp −$2736.3 bp −$363doesn'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%1h0.2460−0.116%$202K$3K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2461−0.081%$145K$6.3M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2457−0.228%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.325%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2461−0.081%$405K$7.7M50xas long as short
Aster ADAUSDT+0.0100%8h0.2455−0.312%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2461−0.068%$160K$163K10xas long as short
Binance ADAUSDT+0.0100%8h0.2455−0.329%$103.8M$372.4M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2454−0.365%$71.8M$110.9M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2455−0.325%$32.7M$106.1M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2454−0.365%$98.5M$61.0M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2454−0.365%$61.6M$61.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2455−0.337%$29.6M$16.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2455−0.325%$65.9M$50.0M75xas long as short
BingX ADA-USDC+0.0100%8h0.2455−0.325%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2456−0.280%$125K$445K15xas long as short
Variational Omni ADA+0.0100%8h0.2467+0.163%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2466+0.122%$66K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2465+0.084%$292K$3.8M10xas long as short
ApeX Omni ADAUSDTlong+0.0100%1h0.2463long leg$227K$738K50x
Polymarket Perps ADA-USD+0.0100%1h0.2457−0.260%$93K$680K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2458−0.203%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2459−0.156%$40K$2K5xas long as short
SunX ADA-USDTshort+0.0100%8h0.2458−0.202%$8K$743K30x
SoDEX ADA-USD+0.0100%1h0.2457−0.227%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2459−0.168%$1.3M$6.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2459−0.162%$47.9M$6.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2454−0.372%$533K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0108%8h0.2462−0.036%$21K$25020xas long as short
Hyperliquid ADA+0.0122%1h0.2456−0.292%$42.7M$14.8M10xas long as short
Lighter ADA+0.0128%1h0.2457−0.248%$2.4M$1.1M10xas long as short
Phoenix ADA+0.0163%1h0.2465+0.061%$4K$90K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2458−0.203%$4.5M$5.7M75xas long as short
Kraken Futures PF_ADAUSD+0.0261%1h0.2456−0.273%$6.2M$12.7M50xas long as short
Reya ADARUSDPERP+0.0279%1h0.2457−0.245%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0483%1h0.2459−0.162%$590K$452K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0484% / S −0.0279%1h0.2458−0.217%$107K100xas long as short