Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: MEXC against Polymarket Perps+0.045%49s7-day average −0.009% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as 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−$260.264% of the position

Long on Polymarket Perps Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days+0.200%+$20 on $10k

Price spread, last 4 days (all we have)−0.319%−$32 · spread now +0.045%, 7d avg −0.009%

Together, before fees−0.119%−$12 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: MEXC is 0.053% dearer against Polymarket Perps than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.009%. The two prices were read 49 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	Polymarket Perps ADA-USD	0.2471	0.0100	pay 0.0013% / 1h	55m 36s	$118K	$1.3M	10x
Short	MEXC ADA_USDT	0.2472	0.0100	get 0.0100% / 8h	5h 55m	$49.7M	$67.7M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC against Polymarket Perps. 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 Polymarket PerpsbpFee MEXCbpOrdersPrice spread, now +0.045%Rate

Funding earned: $0
Price spread: +0.045% → −0.009%: $5.34
Slippage, 4 orders: −$18.4
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$21.06
Costs to cover: 0.264%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 1 min ago; MEXC: live order book, 1 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 Polymarket Perps live order book, 1 min ago	4.45 bp	12.7 bp −$13	12.9 bp −$129	doesn't fit	doesn't fit
Sell MEXC live order book, 1 min ago	2.02 bp	2.0 bp −$2	2.7 bp −$27	18.8 bp −$1,881	52.9 bp −$26.4K

ADA on 36 exchanges

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	0.2474	+0.122%	$207K	$5K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2473	+0.085%	$233K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2474	+0.132%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0031%	1h	0.2472	+0.041%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.004%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2474	+0.117%	$2.4M	$934K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2473	+0.085%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2473	+0.092%	$158K	$151K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2473	+0.104%	$106.1M	$381.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2472	+0.045%	$74.4M	$121.5M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2474	+0.125%	$32.7M	$108.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2472	+0.045%	$101.8M	$59.7M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2472	+0.045%	$49.7M	$67.7M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2473	+0.069%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2473	+0.085%	$67.6M	$50.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2473	+0.085%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2473	+0.073%	$140K	$451K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2472	+0.039%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2475	+0.147%	$66K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2478	+0.294%	$290K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	+0.287%	$71K	$896K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2471	long leg	$118K	$1.3M	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	+0.004%	$6K	$4K	20x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2473	+0.084%	$8K	$674K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.065%	$340	$6K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2473	+0.067%	$1.3M	$6.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2473	+0.085%	$47.7M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2473	+0.084%	$20K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2473	+0.072%	$545K	$1.7M	50x	as long as short
Hyperliquid ADA	+0.0115%	1h	0.2475	+0.158%	$44.1M	$17.6M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0176%	1h	0.2473	+0.085%	$404K	$8.0M	50x	as long as short
Phoenix ADA	+0.0192%	1h	0.2482	+0.457%	$3K	$103K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0195%	1h	0.2472	+0.053%	$615K	$791K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2474	+0.125%	$4.6M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2471	+0.016%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2472	+0.030%	$88K	—	100x	as long as short