Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0044%/8h= +4.8% APRpaid last 24h −0.004%

Price spread now: Coinbase International against MEXC−0.123%7-day average −0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$280.281% of the position

Long on MEXC Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.083%−$8 on $10k

Price spread, last 4 days (all we have)+0.109%+$11 · spread now −0.123%, 7d avg −0.018%

Together, before fees+0.026%+$3 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.105% cheaper against MEXC than usual: you would sell low and buy high (spread −0.123% now, against its 7-day average of −0.018%). If the spread goes back, that is −$11 on $10k: about 8.0 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.083%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2443	0.0100	pay 0.0100% / 8h	18m 41s	$51.8M	$65.8M	300x
Short	Coinbase International ADA-PERP-INTX	0.2440	0.0144	get 0.0018% / 1h	18m 41s	$376K	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International 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 Coinbase InternationalbpOrdersPrice spread, now −0.123%Rate

Funding earned: $9.24
Price spread: −0.123% → −0.018%: −$10.51
Slippage, 4 orders: −$18.15
Fee MEXC: 0 bp × 2 orders: $0
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$29.42
Costs to cover: 0.281%
Break-even: 29.3 days

Slippage from MEXC: live order book, 5 min ago; Coinbase International: live order book, 5 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, 5 min ago	2.05 bp	2.1 bp −$2	3.4 bp −$34	18.4 bp −$1,840	66.8 bp −$33.4K
Sell Coinbase International live order book, 5 min ago	6.16 bp	12.9 bp −$13	19.8 bp −$198	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	0.2442	−0.030%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	−0.024%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.146%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2444	+0.053%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	0.000%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2443	+0.016%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.018%	$156K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2444	+0.040%	$103.2M	$407.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2443	0.000%	$72.7M	$126.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	0.000%	$32.5M	$118.3M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2442	−0.041%	$99.8M	$65.4M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2443	long leg	$51.8M	$65.8M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2443	+0.004%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2443	0.000%	$66.4M	$54.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2444	+0.041%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	+0.070%	$138K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.202%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2439	−0.162%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2440	−0.122%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2440	−0.123%	$77K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2443	+0.004%	$116K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	+0.058%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.059%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2444	+0.045%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2441	−0.062%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	−0.041%	$47.3M	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0101%	1h	0.2445	+0.078%	$42.9M	$18.1M	10x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2443	−0.005%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	−0.025%	$500K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2442	−0.041%	$245K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0144%	1h	0.2440	−0.123%	$376K	$8.4M	50x
BloFin ADA-USDT	+0.0220%	8h	0.2443	0.000%	$4.5M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2441	−0.094%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2443	+0.001%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2444	+0.023%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2442	−0.035%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0692%	1h	0.2445	+0.074%	$623K	$614K	50x	as long as short