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 0.000%

Price spread now: MEXC against KuCoin+0.012%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$27as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$270.272% of the position

Long on KuCoin Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.005%$0 on $10k

Price spread, last 7 days−0.002%$0 · spread now +0.012%, 7d avg −0.008%

Together, before fees+0.002%$0 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: MEXC is 0.020% dearer against KuCoin than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2462	0.0100	pay 0.0100% / 8h	1h 15m	$29.4M	$15.9M	75x
Short	MEXC ADA_USDT	0.2462	0.0100	get 0.0100% / 8h	1h 15m	$52.8M	$65.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against KuCoin. 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 KuCoinbpFee MEXCbpOrdersPrice spread, now +0.012%Rate

Funding earned: $0
Price spread: +0.012% → −0.008%: $2.01
Slippage, 4 orders: −$15.19
Fee KuCoin: 6 bp × 2 orders: −$12
Fee MEXC: 0 bp × 2 orders: $0
Net: −$25.18
Costs to cover: 0.272%
Break-even: never at this rate

Slippage from KuCoin: 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 KuCoin live order book, 3 min ago	1.63 bp	11.4 bp −$11	19.9 bp −$199	62.1 bp −$6,213	doesn't fit
Sell MEXC live order book, 3 min ago	2.03 bp	2.0 bp −$2	4.3 bp −$43	22.9 bp −$2,287	59.6 bp −$29.8K

ADA on 36 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
Kalshi KXADAPERP	0.0000%	8h	0.2460	−0.069%	$209K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	−0.216%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.378%	$849	$202K	12x	as long as short
dYdX ADA-USD	+0.0040%	1h	0.2462	−0.008%	$203K	$2K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2462	+0.012%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	−0.001%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	+0.041%	$158K	$177K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2462	+0.032%	$103.6M	$407.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2462	+0.012%	$73.3M	$124.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2462	+0.012%	$32.8M	$118.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2461	−0.028%	$100.8M	$64.8M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2462	+0.012%	$52.8M	$65.3M	300x
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2462	long leg	$29.4M	$15.9M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2461	−0.028%	$67.0M	$53.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2462	+0.012%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.351%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2457	−0.201%	$66K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	−0.178%	$293K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.272%	$80K	$892K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2462	+0.020%	$128K	$1.3M	10x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2464	+0.094%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	+0.073%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	+0.069%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2462	+0.012%	$47.7M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	−0.037%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2464	+0.083%	$21K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2459	−0.110%	$381K	$8.4M	50x	as long as short
Lighter ADA	+0.0152%	1h	0.2465	+0.134%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	−0.175%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0169%	1h	0.2463	+0.048%	$6.4M	$13.9M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0181%	1h	0.2464	+0.081%	$140K	$484K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2460	−0.069%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2457	−0.210%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0322%	1h	0.2465	+0.146%	$43.3M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0562%	1h	0.2464	+0.093%	$629K	$617K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0603% / S −0.0679%	1h	0.2462	+0.012%	$156K	—	100x	as long as short