Funding arb · Price arb /

ADA

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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: MEXC against Bybit0.000%7-day average +0.001% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$190.192% of the position

Long on Bybit Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.009%−$1 on $10k

Price spread, last 7 days−0.008%−$1 · spread now 0.000%, 7d avg +0.001%

Together, before fees−0.017%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2440	0.0100	pay 0.0100% / 8h	20m 58s	$70.9M	$103.9M	75x
Short	MEXC ADA_USDT	0.2440	0.0100	get 0.0100% / 8h	20m 58s	$51.8M	$51.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Bybit. 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 BybitbpFee MEXCbpOrdersPrice spread, now 0.000%Rate

Funding earned: $0
Price spread: 0.000% → +0.001%: −$0.08
Slippage, 4 orders: −$8.22
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee MEXC: 0 bp × 2 orders: $0
Net: −$19.3
Costs to cover: 0.192%
Break-even: never at this rate

Slippage from Bybit: live order book, 3 min ago; MEXC: live order book, 3 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 Bybit live order book, 3 min ago	2.06 bp	7.6 bp −$8	11.1 bp −$111	30.1 bp −$3,007	148.1 bp −$74.0K
Sell MEXC live order book, 3 min ago	2.05 bp	2.1 bp −$2	2.1 bp −$21	14.7 bp −$1,465	46.4 bp −$23.2K

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	0.2439	−0.027%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2440	0.000%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2439	−0.058%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2437	−0.123%	$415K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2440	−0.016%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2440	−0.020%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	0.000%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2439	−0.022%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2441	+0.036%	$101.0M	$365.4M	75x	as long as short
Bybit ADAUSDTlong	+0.0100%	8h	0.2440	long leg	$70.9M	$103.9M	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	0.2442	+0.082%	$32.2M	$106.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2439	−0.041%	$96.9M	$60.2M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2440	0.000%	$51.8M	$51.0M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2440	−0.008%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2440	0.000%	$65.6M	$43.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2440	0.000%	—	$21.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	−0.037%	$104K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.075%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2435	−0.197%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2436	−0.156%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2436	−0.164%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2439	−0.033%	$92K	$639K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2438	−0.082%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2438	−0.079%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2441	+0.040%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2438	−0.082%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2438	−0.086%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2439	−0.041%	$47.6M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2439	−0.041%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2441	+0.022%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2438	−0.091%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2440	−0.012%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2440	0.000%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.270%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2439	−0.058%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2438	−0.072%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+1.2877%	1h	0.2470	+1.217%	$496K	$431K	50x	as long as short