Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0186%/8h= +20.3% APRpaid last 24h +0.060%

Price spread now: Reya against MEXC+0.050%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on MEXC Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Reya is 0.050% dearer against MEXC than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2458	0.0100	pay 0.0100% / 8h	1h 46m	$53.0M	$50.1M	300x
Short	Reya ADARUSDPERP	0.2459	0.0286	get 0.0036% / 1h	46m 46s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now +0.050%Rate

Funding earned: $38.97
Price spread: +0.050% → 0.000%: $5.05
Slippage, 4 orders: no order book: not counted
Fee MEXC: 0 bp × 2 orders: $0
Fee Reya: 3 bp × 2 orders: −$6
Net: $38.02
Costs to cover: 0.060%
Break-even: 0.2 days

Slippage unknown: MEXC: live order book, 2 min ago; Reya: no order-book sample. Net counts fees only.

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, 2 min ago	2.04 bp	2.0 bp −$2	2.0 bp −$20	14.5 bp −$1,446	59.2 bp −$29.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2458	+0.010%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2459	+0.041%	$156K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	−0.057%	$84K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2457	−0.020%	$477K	$350K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2457	−0.041%	$420K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2456	−0.091%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2459	+0.024%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	+0.061%	$42.6M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2457	−0.043%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2460	+0.090%	$157K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2458	0.000%	$101.8M	$355.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2459	+0.041%	$71.2M	$99.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2460	+0.081%	$31.9M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2457	−0.041%	$96.8M	$57.6M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2458	long leg	$53.0M	$50.1M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2457	−0.053%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.041%	$65.8M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2458	0.000%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	−0.045%	$102K	$414K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	−0.273%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.210%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.285%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	−0.163%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	+0.090%	$97K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2457	−0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	−0.025%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	0.000%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	−0.061%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.061%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2456	−0.081%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2461	+0.106%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	+0.005%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2455	−0.134%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	−0.081%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERPshort	+0.0286%	1h	0.2459	+0.050%	$1K	—	15x
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.529%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2456	−0.071%	$122K	—	100x	as long as short