Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: SunX against Gate+0.001%7-day average +0.071% · you sell dearer than you buy

Net, funding: paid 7d − costs−$69as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$760.756% of the position

Long on Gate Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.066%+$7 on $10k

Price spread, last 3 days (all we have)+0.054%+$5 · spread now +0.001%, 7d avg +0.071%

Together, before fees+0.121%+$12 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 0.070% cheaper against Gate than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of +0.071%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2478	0.0100	pay 0.0100% / 8h	7h 07m	$99.4M	$60.0M	75x
Short	SunX ADA-USDT	0.2478	0.0100	get 0.0100% / 8h	7h 07m	$9K	$766K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against Gate. 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 GatebpFee SunXbpOrdersPrice spread, now +0.001%Rate

Funding earned: $0
Price spread: +0.001% → +0.071%: −$7.04
Slippage, 4 orders: −$52.6
Fee Gate: 7.5 bp × 2 orders: −$15
Fee SunX: 4 bp × 2 orders: −$8
Net: −$82.65
Costs to cover: 0.756%
Break-even: never at this rate

Slippage from Gate: live order book, 2 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Gate live order book, 2 min ago	2.02 bp	13.2 bp −$13	20.4 bp −$204	92.8 bp −$9,280	doesn't fit
Sell SunX live order book, 44 min ago	20.80 bp	28.0 bp −$28	doesn't fit	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	0.2478	+0.004%	$204K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2480	+0.081%	$207K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2477	−0.022%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.282%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2479	+0.040%	$424K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2480	+0.082%	$6.3M	$11.8M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2481	+0.133%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2480	+0.071%	$1.2M	$956K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2479	+0.021%	$159K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2479	+0.040%	$103.4M	$368.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2478	0.000%	$72.7M	$105.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2479	+0.040%	$32.8M	$108.0M	50x	as long as short
Gate ADA_USDTlong	+0.0100%	8h	0.2478	long leg	$99.4M	$60.0M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2478	0.000%	$54.7M	$52.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2479	+0.024%	$30.4M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2478	0.000%	$66.9M	$44.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2478	0.000%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	+0.036%	$138K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2477	−0.037%	$4.3M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2483	+0.202%	$66K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2483	+0.205%	$297K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2483	+0.202%	$56K	$586K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2477	−0.036%	$94K	$651K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2479	+0.040%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2481	+0.112%	$40K	$3K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2478	+0.001%	$9K	$766K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2480	+0.061%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2480	+0.065%	$1.3M	$5.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2480	+0.081%	$48.3M	$6.2M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2479	+0.038%	$540K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2480	+0.080%	$21K	$250	20x	as long as short
Lighter ADA	+0.0184%	1h	0.2481	+0.105%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2484	+0.242%	$4.5M	$5.7M	75x	as long as short
Hyperliquid ADA	+0.0243%	1h	0.2480	+0.079%	$43.3M	$14.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0274%	1h	0.2480	+0.093%	$496K	$455K	50x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2478	−0.020%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0393%	1h	0.2479	+0.043%	$143K	—	100x	as long as short