Funding arb · Price arb /

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: MEXC against Paradex+0.080%46s7-day average — · you sell dearer than you buy

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

Long on Paradex Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

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

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: MEXC is 0.080% dearer against Paradex than usual: you sell high and buy low, +$8 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 46 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	Paradex ADA-USD-PERP	0.2460	0.0100	pay 0.0100% / 8h	1h 03m	$21K	$250	20x
Short	MEXC ADA_USDT	0.2462	0.0100	get 0.0100% / 8h	1h 03m	$53.0M	$51.3M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Paradex. 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 ParadexbpFee MEXCbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$0.04
Price spread: +0.080% → 0.000%: $8.01
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee MEXC: 0 bp × 2 orders: $0
Net: $3.97
Costs to cover: 0.040%
Break-even: from the start

Slippage unknown: Paradex: no order-book sample; MEXC: live order book, 10 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell MEXC live order book, 10 min ago	2.04 bp	2.0 bp −$2	2.0 bp −$20	13.1 bp −$1,314	43.1 bp −$21.6K

Paradex: 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	0.2460	+0.006%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	+0.039%	$171K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	+0.021%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2458	−0.082%	$410K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2461	+0.043%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2462	+0.092%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2463	+0.108%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	+0.078%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.028%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2463	+0.121%	$102.3M	$360.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2462	+0.080%	$71.7M	$102.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2463	+0.121%	$32.0M	$106.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2461	+0.039%	$97.3M	$59.3M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2462	+0.080%	$53.0M	$51.3M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	+0.056%	$30.2M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2462	+0.080%	$66.1M	$43.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2461	+0.039%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.121%	$108K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2457	−0.116%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.262%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−0.168%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	−0.286%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	−0.013%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	+0.039%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2461	+0.052%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.080%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2461	+0.039%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2462	+0.082%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2462	+0.080%	$48.0M	$5.8M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0100%	8h	0.2460	long leg	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2462	+0.061%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2458	−0.070%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	−0.042%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2460	+0.002%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.446%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2461	+0.028%	$122K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1376%	1h	0.2464	+0.170%	$481K	$393K	50x	as long as short