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

Net, funding: paid 7d − costs−$31as in the Funding arb table

Net, price: spread back to 7d avg − costs−$33as in the Price arb table

costs, in and out, $10k−$310.306% of the position

Long on MEXC Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 7 days−0.005%$0 · spread now −0.012%, 7d avg +0.008%

Together, before fees−0.012%−$1 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: KuCoin is 0.021% 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 +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2478	0.0100	pay 0.0100% / 8h	7h 18m	$57.6M	$68.7M	300x
Short	KuCoin ADAUSDTM	0.2478	0.0100	get 0.0100% / 8h	7h 18m	$29.9M	$15.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.012%Rate

Funding earned: $0
Price spread: −0.012% → +0.008%: −$2.06
Slippage, 4 orders: −$18.64
Fee MEXC: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$32.7
Costs to cover: 0.306%
Break-even: never at this rate

Slippage from MEXC: live order book, 5 min ago; KuCoin: live order book, 10 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	2.03 bp	2.0 bp −$2	5.9 bp −$59	14.8 bp −$1,478	61.6 bp −$30.8K
Sell KuCoin live order book, 10 min ago	2.05 bp	11.2 bp −$11	16.8 bp −$168	55.0 bp −$5,502	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
Kalshi KXADAPERP	0.0000%	8h	0.2475	−0.121%	$179K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2476	−0.061%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.282%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2478	−0.008%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2481	+0.133%	$43.6M	$18.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2480	+0.064%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2480	+0.065%	$159K	$182K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2480	+0.068%	$105.0M	$401.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2479	+0.040%	$73.7M	$124.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2480	+0.081%	$32.9M	$117.7M	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	0.2477	−0.040%	$101.2M	$62.6M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2478	long leg	$57.6M	$68.7M	300x
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2478	−0.012%	$29.9M	$15.8M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2479	+0.040%	$67.6M	$53.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2477	−0.040%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2478	−0.016%	$142K	$473K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2479	+0.046%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2476	−0.065%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	−0.577%	$293K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2476	−0.081%	$74K	$895K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2478	0.000%	$118K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2478	0.000%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2438	−1.600%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2478	+0.017%	$8K	$735K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2477	−0.061%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2479	+0.045%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2477	−0.040%	$47.8M	$7.7M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2479	+0.059%	$21K	—	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2477	−0.045%	$541K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2475	−0.121%	$370K	$8.5M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2472	−0.262%	$3K	$113K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0197%	1h	0.2476	−0.064%	$6.4M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2478	0.000%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0271%	1h	0.2478	+0.002%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2476	−0.090%	$88K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0436%	1h	0.2478	+0.008%	$636K	$726K	50x	as long as short
dYdX ADA-USD	+0.0677%	1h	0.2479	+0.035%	$207K	$5K	10x	as long as short