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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0100%/8h= +10.9% APRpaid last 24h +0.024%
Price spread now: SunX against dYdX+0.388%7-day average +0.044% · you sell dearer than you buy
Net, funding: paid 7d − costs−$333as in the Funding arb table
Net, price: spread back to 7d avg − costs−$317as in the Price arb table
costs, in and out, $10k−$3513.515% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.183%+$18 on $10k
Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.388%, 7d avg +0.044%
Together, before fees−0.100%−$10 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and SunX is 0.344% dearer against dYdX than usual: you sell high and buy low: +$34 more if the spread goes back to its 7-day average of +0.044%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongdYdX ADA-USD0.24110get 0.0000% / 1h27m 29s$198K$2K10x
ShortSunX ADA-USDT0.24200.0100get 0.0100% / 8h2h 27m$8K$760K30x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SunX against dYdX. 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
$21
Price spread: +0.388% → +0.044%
$34.38
Slippage, 4 orders
−$333.47
Fee dYdX: 5 bp × 2 orders
−$10
Fee SunX: 4 bp × 2 orders
−$8
Net
−$296.09
Costs to cover
3.515%
Break-even
105.7 days
Slippage from dYdX: live order book, 22 min ago; SunX: live order book, 44 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 dYdX live order book, 22 min ago143.70 bp148.7 bp −$149148.7 bp −$1,487148.7 bp −$14.9K152.4 bp −$76.2K
Sell SunX live order book, 44 min ago20.79 bp27.2 bp −$2734.6 bp −$346doesn'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-USDlong0.0000%1h0.2411long leg$198K$2K10x
Kalshi KXADAPERP0.0000%8h0.2419+0.349%$163K$7.3M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2406−0.176%$82K150xas long as short
Kraken Futures PF_ADAUSD+0.0020%1h0.2418+0.306%$6.2M$13.6M50xas long as short
Phoenix ADA+0.0032%1h0.2421+0.415%$4K$105K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+2.506%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.2412+0.058%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2407−0.128%$41.4M$17.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2408−0.103%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2411+0.022%$154K$176K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2408−0.123%$100.7M$405.9M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2407−0.149%$70.6M$122.8M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2405−0.232%$31.9M$115.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2407−0.149%$97.9M$64.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2407−0.149%$52.6M$64.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2408−0.112%$28.9M$15.7M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2408−0.107%$65.6M$53.1M75xas long as short
BingX ADA-USDT+0.0100%8h0.2407−0.149%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2419+0.357%$112K$470K15xas long as short
Variational Omni ADA+0.0100%8h0.2416+0.230%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2423+0.531%$65K$284K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2424+0.573%$284K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2425+0.598%$87K$880K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2405−0.219%$125K$888K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2406−0.190%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2418+0.324%$39K$2K5xas long as short
SunX ADA-USDTshort+0.0100%8h0.2420+0.388%$8K$760K30x
SoDEX ADA-USD+0.0100%1h0.2418+0.307%$333$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2420+0.371%$1.3M$6.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2418+0.307%$47.1M$7.1M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2411+0.022%$20K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2409−0.073%$522K$1.8M50xas long as short
Coinbase International ADA-PERP-INTX+0.0104%1h0.2423+0.515%$381K$8.3M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2423+0.515%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0276%1h0.2407−0.147%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0329%1h0.2419+0.353%$596K$552K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0640% / S −0.0618%1h0.2417+0.255%$143K100xas long as short