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: Binance against MEXC−0.010%7-day average +0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$20as in the Price arb table

costs, in and out, $10k−$180.182% of the position

Long on MEXC Short on Binance

What this pair did over the last

the charts below follow

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

Price spread, last 7 days−0.015%−$1 · spread now −0.010%, 7d avg +0.014%

Together, before fees−0.015%−$2 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: Binance is 0.023% cheaper against MEXC than usual: you would sell low and buy high, −$2 on $10k if it goes back to its 7-day average of +0.014%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2438	0.0100	pay 0.0100% / 8h	2h 35m	$55.4M	$63.4M	300x
Short	Binance ADAUSDT	0.2438	0.0100	get 0.0100% / 8h	2h 35m	$102.9M	$396.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance against MEXC. 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 MEXCbpFee BinancebpOrdersPrice spread, now −0.010%Rate

Funding earned: $0
Price spread: −0.010% → +0.014%: −$2.31
Slippage, 4 orders: −$8.15
Fee MEXC: 0 bp × 2 orders: $0
Fee Binance: 5 bp × 2 orders: −$10
Net: −$20.46
Costs to cover: 0.182%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; Binance: live order book, 9 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 MEXC live order book, 4 min ago	2.05 bp	2.0 bp −$2	5.5 bp −$55	17.6 bp −$1,761	50.1 bp −$25.1K
Sell Binance live order book, 9 min ago	2.03 bp	7.0 bp −$7	9.1 bp −$91	24.9 bp −$2,488	69.0 bp −$34.5K

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	0.2445	+0.269%	$201K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2445	+0.287%	$157K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2444	+0.264%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2444	+0.248%	$6.2M	$13.4M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2444	+0.250%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.354%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	+0.328%	$2.4M	$989K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2441	+0.135%	$42.1M	$17.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2438	−0.008%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2446	+0.324%	$157K	$170K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDTshort	+0.0100%	8h	0.2438	−0.010%	$102.9M	$396.6M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2435	−0.123%	$71.1M	$119.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2436	−0.082%	$32.6M	$112.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2437	−0.041%	$98.6M	$63.3M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2438	long leg	$55.4M	$63.4M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2438	−0.012%	$29.3M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2439	+0.041%	$66.3M	$52.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2438	0.000%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2443	+0.189%	$115K	$470K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2440	+0.087%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2443	+0.194%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2442	+0.156%	$291K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	+0.164%	$198K	$780K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2445	+0.267%	$113K	$790K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	+0.287%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2445	+0.284%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2445	+0.287%	$8K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	+0.267%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2443	+0.219%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2444	+0.246%	$47.6M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2446	+0.327%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2438	+0.015%	$531K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2442	+0.164%	$380K	$8.2M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2445	+0.287%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2445	+0.289%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0568%	1h	0.2446	+0.328%	$601K	$550K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0620% / S −0.0585%	1h	0.2444	+0.234%	$138K	—	100x	as long as short