Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.011%

Price spread now: SunX against Extended+0.037%7-day average +0.066% · you sell dearer than you buy

Net, funding: paid 7d − costs−$50as in the Funding arb table

Net, price: spread back to 7d avg − costs−$64as in the Price arb table

costs, in and out, $10k−$610.611% of the position

Long on Extended Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.110%+$11 on $10k

Price spread, last 3 days (all we have)+0.056%+$6 · spread now +0.037%, 7d avg +0.066%

Together, before fees+0.167%+ Points / potential airdropExtended: Active · farm board+$17 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 0.029% cheaper against Extended than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of +0.066%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2436	0.0104	pay 0.0013% / 1h	26m 06s	$551K	$1.8M	50x
Short	SunX ADA-USDT	0.2437	0.0100	get 0.0100% / 8h	26m 06s	$9K	$765K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Extended. 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 ExtendedbpFee SunXbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$0.84
Price spread: +0.037% → +0.066%: −$2.91
Slippage, 4 orders: −$48.11
Fee Extended: 2.5 bp × 2 orders: −$5
Fee SunX: 4 bp × 2 orders: −$8
Net: −$64.86
Costs to cover: 0.611%
Break-even: never at this rate

Slippage from Extended: live order book, 3 min ago; SunX: live order book, 36 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 Extended live order book, 3 min ago	2.05 bp	4.5 bp −$5	10.0 bp −$100	doesn't fit	doesn't fit
Sell SunX live order book, 36 min ago	20.78 bp	27.2 bp −$27	34.5 bp −$345	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	0.2440	+0.153%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2439	+0.120%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2438	+0.062%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2437	+0.038%	$402K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2438	+0.079%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2438	+0.072%	$42.2M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2437	+0.042%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2439	+0.112%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2436	−0.003%	$101.1M	$363.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2436	−0.003%	$70.8M	$103.3M	75x	as long as short

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	0.2436	−0.003%	$32.2M	$106.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2435	−0.044%	$96.6M	$59.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2437	+0.038%	$52.3M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2437	+0.055%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2436	−0.003%	$65.4M	$43.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2437	+0.038%	—	$18.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2437	+0.038%	$108K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	+0.047%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2442	+0.245%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2449	+0.532%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	+0.244%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2437	+0.042%	$92K	$637K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2436	−0.003%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2437	+0.038%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2437	+0.037%	$9K	$765K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2437	+0.022%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2438	+0.078%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2437	+0.038%	$47.6M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2438	+0.077%	$20K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2436	long leg	$551K	$1.8M	50x
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2437	+0.022%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2442	+0.264%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2442	+0.244%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.434%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2437	+0.043%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2437	+0.034%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4742%	1h	0.2498	+2.530%	$502K	$430K	50x	as long as short