Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: BingX against MEXC−0.040%7-day average +0.007% · you buy dearer than you sell

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

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$310.307% of the position

Long on MEXC Short on BingX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.033%+$3 on $10k

Price spread, last 7 days+0.024%+$2 · spread now −0.040%, 7d avg +0.007%

Together, before fees+0.057%+$6 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: BingX is 0.047% cheaper against MEXC than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2482	0.0100	pay 0.0100% / 8h	6h 18m	$49.6M	$71.0M	300x
Short	BingX ADA-USDC	0.2481	0.0100	get 0.0100% / 8h	6h 18m	—	$6.5M	—

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BingX 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 BingXbpOrdersPrice spread, now −0.040%Rate

Funding earned: $0
Price spread: −0.040% → +0.007%: −$4.71
Slippage, 4 orders: −$20.74
Fee MEXC: 0 bp × 2 orders: $0
Fee BingX: 5 bp × 2 orders: −$10
Net: −$35.45
Costs to cover: 0.307%
Break-even: never at this rate

Slippage from MEXC: live order book, 4 min ago; BingX: live order book, 11 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	2.01 bp	2.0 bp −$2	4.5 bp −$45	18.2 bp −$1,816	71.0 bp −$35.5K
Sell BingX live order book, 11 min ago	4.03 bp	13.7 bp −$14	29.2 bp −$292	84.9 bp −$8,489	647.5 bp −$323.7K

ADA on 36 exchanges

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	0.2479	−0.106%	$207K	$5K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2480	−0.081%	$210K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2478	−0.149%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.443%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2481	−0.052%	$2.4M	$959K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2482	−0.012%	$1.2M	$1.3M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2480	−0.090%	$159K	$157K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2483	+0.029%	$106.5M	$393.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2481	−0.040%	$74.3M	$124.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2482	0.000%	$32.9M	$111.8M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2480	−0.081%	$102.2M	$61.3M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2482	long leg	$49.6M	$71.0M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2481	−0.024%	$29.8M	$15.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2482	0.000%	$67.9M	$51.7M	75x	as long as short
BingX ADA-USDCshort	+0.0100%	8h	0.2481	−0.040%	—	$6.5M	—
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	−0.121%	$139K	$459K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2482	0.000%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2486	+0.159%	$66K	$290K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2485	+0.137%	$297K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2486	+0.161%	$72K	$899K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2482	−0.016%	$119K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2479	−0.121%	$6K	$4K	20x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2481	−0.041%	$8K	$701K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2479	−0.117%	$341	$6K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2479	−0.120%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2479	−0.121%	$47.9M	$7.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2480	−0.090%	$20K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2481	−0.050%	$547K	$1.7M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2483	+0.040%	$411K	$8.5M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0147%	1h	0.2479	−0.131%	$6.3M	$13.6M	50x	as long as short
Phoenix ADA	+0.0192%	1h	0.2485	+0.121%	$3K	$107K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2481	−0.040%	$4.6M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2481	−0.025%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0318%	1h	0.2484	+0.093%	$44.3M	$17.8M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2479	−0.127%	$88K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0396%	1h	0.2480	−0.089%	$620K	$757K	50x	as long as short