Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against SunX−0.045%7-day average — · you buy dearer than you sell

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

Long on SunX Short on gTrade (Gains Network)

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—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.045% cheaper against SunX than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ADA-USDT	0.2440	0.0100	pay 0.0100% / 8h	19m 55s	$8K	$755K	30x
Short	gTrade (Gains Network) ADA/USD	0.2439	L +0.0005% / S −0.0003%	get 0.0000% / 1h	19m 55s	$83K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) against SunX. 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 SunXbpFee gTrade (Gains Network)bpOrdersPrice spread, now −0.045%Rate

Funding earned: −$20.35
Price spread: −0.045% → 0.000%: −$4.55
Slippage, 4 orders: no order book: not counted
Fee SunX: 4 bp × 2 orders: −$8
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$42.9
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: SunX: live order book, 32 min ago; gTrade (Gains Network): 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 SunX live order book, 32 min ago	10.25 bp	35.2 bp −$35	42.2 bp −$422	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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	0.2435	−0.226%	$200K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2439	−0.045%	$83K	—	150x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.251%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	+0.042%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2438	−0.101%	$6K	$5K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	+0.083%	$42.9M	$18.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	−0.004%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2437	−0.136%	$156K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2442	+0.063%	$103.0M	$407.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2440	−0.019%	$72.7M	$126.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2442	+0.063%	$32.4M	$118.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2440	−0.019%	$99.7M	$65.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	+0.022%	$51.8M	$65.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2441	+0.018%	$29.5M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2441	+0.022%	$66.3M	$54.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2442	+0.063%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2441	+0.009%	$138K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.098%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2439	−0.058%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2438	−0.113%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2440	−0.019%	$77K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2439	−0.064%	$115K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	+0.005%	$40K	$4K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2440	long leg	$8K	$755K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2440	−0.040%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2439	−0.067%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2439	−0.060%	$47.2M	$7.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2438	−0.104%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2440	−0.025%	$500K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2439	−0.060%	$245K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2437	−0.142%	$378K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2440	−0.019%	$4.5M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2439	−0.073%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2438	−0.101%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2440	−0.038%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2439	−0.057%	$86K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0529%	1h	0.2440	+0.001%	$621K	$614K	50x	as long as short