Funding arb · Price arb /

ADA

all ADA markets

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: SunX against OKX+0.245%47s7-day average +0.025% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$670.675% of the position

Long on OKX Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.097%+$10 on $10k

Price spread, last 4 days (all we have)+0.142%+$14 · spread now +0.245%, 7d avg +0.025%

Together, before fees+0.239%+$24 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: SunX is 0.219% dearer against OKX than usual: you sell high and buy low, +$22 on $10k if it goes back to its 7-day average of +0.025%. The two prices were read 47 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2457	0.0100	pay 0.0100% / 8h	5h 07m	$32.7M	$106.1M	50x
Short	SunX ADA-USDT	0.2463	0.0100	get 0.0100% / 8h	5h 07m	$8K	$743K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX against OKX. 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 OKXbpFee SunXbpOrdersPrice spread, now +0.245%Rate

Funding earned: $0
Price spread: +0.245% → +0.025%: $21.93
Slippage, 4 orders: −$49.48
Fee OKX: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$45.55
Costs to cover: 0.675%
Break-even: never at this rate

Slippage from OKX: live order book, 2 min ago; SunX: live order book, 25 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 OKX live order book, 2 min ago	2.03 bp	8.5 bp −$8	12.8 bp −$128	47.9 bp −$4,787	doesn't fit
Sell SunX live order book, 25 min ago	20.77 bp	27.2 bp −$27	36.3 bp −$363	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	0.2460	+0.128%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2464	+0.285%	$146K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2463	+0.258%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.570%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2463	+0.244%	$406K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	+0.141%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.176%	$160K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.055%	$103.9M	$372.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2456	−0.041%	$71.8M	$110.9M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2457	long leg	$32.7M	$106.1M	50x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2459	+0.081%	$98.7M	$60.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	+0.122%	$61.8M	$61.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	+0.171%	$29.7M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	0.000%	$65.9M	$49.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2461	+0.163%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.232%	$131K	$443K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	+0.408%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	+0.367%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2465	+0.329%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.244%	$227K	$738K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2457	−0.016%	$93K	$680K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2463	+0.244%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2464	+0.299%	$40K	$2K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2463	+0.245%	$8K	$743K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2463	+0.244%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2464	+0.271%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	+0.285%	$48.0M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2460	+0.115%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2462	+0.208%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0126%	1h	0.2462	+0.212%	$43.1M	$14.6M	10x	as long as short
Lighter ADA	+0.0128%	1h	0.2462	+0.224%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2465	+0.305%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2468	+0.448%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2463	+0.228%	$6.3M	$12.8M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2457	−0.002%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0484% / S −0.0279%	1h	0.2463	+0.264%	$108K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1415%	1h	0.2467	+0.407%	$591K	$451K	50x	as long as short