Funding arb · Price arb /

ADA

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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: KuCoin against SunX+0.176%7-day average −0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$87as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$780.776% of the position

Long on SunX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 4 days (all we have)−0.211%−$21 · spread now +0.176%, 7d avg −0.031%

Together, before fees−0.303%−$30 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: KuCoin is 0.207% dearer against SunX than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of −0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SunX ADA-USDT	0.2445	0.0100	pay 0.0100% / 8h	15m 33s	$8K	$755K	30x
Short	KuCoin ADAUSDTM	0.2449	0.0100	get 0.0100% / 8h	15m 33s	$29.6M	$16.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now +0.176%Rate

Funding earned: $0
Price spread: +0.176% → −0.031%: $20.71
Slippage, 4 orders: −$57.57
Fee SunX: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$56.86
Costs to cover: 0.776%
Break-even: never at this rate

Slippage from SunX: live order book, 36 min ago; KuCoin: live order book, 3 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 SunX live order book, 36 min ago	10.25 bp	35.2 bp −$35	42.2 bp −$422	doesn't fit	doesn't fit
Sell KuCoin live order book, 3 min ago	1.23 bp	11.8 bp −$12	18.0 bp −$180	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	0.2448	+0.125%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	+0.140%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.064%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.262%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	+0.164%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	+0.229%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	+0.217%	$157K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	+0.205%	$103.4M	$407.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	+0.164%	$72.9M	$126.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2450	+0.205%	$32.5M	$118.7M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2448	+0.123%	$100.0M	$65.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	+0.164%	$51.8M	$65.9M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2449	+0.176%	$29.6M	$16.0M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2449	+0.164%	$66.5M	$54.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2449	+0.164%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	+0.193%	$139K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.128%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2446	+0.032%	$65K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2444	−0.052%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2444	−0.040%	$76K	$894K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	+0.168%	$122K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	−0.043%	$40K	$4K	5x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2445	long leg	$8K	$755K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2450	+0.184%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	+0.172%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2448	+0.123%	$47.4M	$7.6M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2450	+0.205%	$232K	$7.7M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	+0.161%	$503K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2449	+0.177%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0114%	1h	0.2451	+0.266%	$43.1M	$18.1M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2449	+0.164%	$377K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2447	+0.082%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2443	−0.069%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2445	+0.001%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0280%	1h	0.2449	+0.153%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2448	+0.130%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0444%	1h	0.2450	+0.225%	$624K	$614K	50x	as long as short