Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: SunX against edgeX+0.214%46s7-day average +0.043% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$730.732% of the position

Long on edgeX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days0.000%$0 on $10k

Price spread, last 4 days (all we have)+0.207%+$21 · spread now +0.214%, 7d avg +0.043%

Together, before fees+0.207%+ Points / potential airdropedgeX: Active · farm board+$21 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 0.171% dearer against edgeX than usual: you sell high and buy low, +$17 on $10k if it goes back to its 7-day average of +0.043%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2469	0.0100	pay 0.0050% / 4h	1h 09m	$66K	$283K	20x
Short	SunX ADA-USDT	0.2474	0.0100	get 0.0100% / 8h	5h 09m	$9K	$743K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against edgeX. 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 edgeXbpFee SunXbpOrdersPrice spread, now +0.214%Rate

Funding earned: $0
Price spread: +0.214% → +0.043%: $17.1
Slippage, 4 orders: −$56.2
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee SunX: 4 bp × 2 orders: −$8
Net: −$56.11
Costs to cover: 0.732%
Break-even: never at this rate

Slippage from edgeX: live order book, 53 min ago; SunX: live order book, 22 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 edgeX live order book, 53 min ago	6.10 bp	10.6 bp −$11	28.5 bp −$285	doesn't fit	doesn't fit
Sell SunX live order book, 22 min ago	20.77 bp	27.2 bp −$27	36.3 bp −$363	doesn't fit	doesn't fit

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	0.2463	−0.218%	$203K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2470	+0.051%	$146K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	−0.158%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.091%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2467	−0.071%	$415K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2466	−0.120%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2465	−0.144%	$160K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2465	−0.135%	$104.6M	$372.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	−0.192%	$72.0M	$110.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2466	−0.111%	$32.8M	$106.6M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.233%	$98.9M	$60.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	−0.192%	$62.0M	$61.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	−0.156%	$29.7M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	−0.152%	$66.2M	$49.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2464	−0.192%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	+0.002%	$132K	$443K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	−0.070%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2469	long leg	$66K	$283K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2470	+0.051%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2475	+0.253%	$228K	$737K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	−0.184%	$94K	$680K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2468	−0.030%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2468	−0.014%	$40K	$2K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2474	+0.214%	$9K	$743K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2469	−0.010%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2468	−0.043%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2469	+0.010%	$48.1M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2464	−0.198%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2466	−0.122%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0131%	1h	0.2467	−0.087%	$43.2M	$14.6M	10x	as long as short
Lighter ADA	+0.0144%	1h	0.2466	−0.119%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2477	+0.342%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2475	+0.253%	$4.6M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0260%	1h	0.2468	−0.031%	$6.3M	$12.8M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2465	−0.155%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0485% / S −0.0279%	1h	0.2467	−0.070%	$108K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4759%	1h	0.2529	+2.432%	$597K	$443K	50x	as long as short