Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: MEXC against SunX+0.042%53s7-day average −0.043% · 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−$520.520% of the position

Long on SunX Short on MEXC

What this pair did over the last

the charts below follow

Funding, last 7 days−0.062%−$6 on $10k

Price spread, last 4 days (all we have)−0.182%−$18 · spread now +0.042%, 7d avg −0.043%

Together, before fees−0.244%−$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: MEXC is 0.085% dearer against SunX than usual: you sell high and buy low, +$8 on $10k if it goes back to its 7-day average of −0.043%. The two prices were read 53 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	SunX ADA-USDT	0.2481	0.0100	pay 0.0100% / 8h	6h 18m	$8K	$701K	30x
Short	MEXC ADA_USDT	0.2482	0.0100	get 0.0100% / 8h	6h 18m	$49.6M	$71.0M	300x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

MEXC 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 MEXCbpOrdersPrice spread, now +0.042%Rate

Funding earned: $0
Price spread: +0.042% → −0.043%: $8.49
Slippage, 4 orders: −$44.02
Fee SunX: 4 bp × 2 orders: −$8
Fee MEXC: 0 bp × 2 orders: $0
Net: −$43.53
Costs to cover: 0.520%
Break-even: never at this rate

Slippage from SunX: live order book, 26 min ago; MEXC: live order book, 4 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, 26 min ago	18.77 bp	22.8 bp −$23	31.6 bp −$316	doesn't fit	doesn't fit
Sell MEXC live order book, 4 min ago	2.01 bp	2.0 bp −$2	4.5 bp −$45	17.0 bp −$1,701	55.4 bp −$27.7K

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	0.2479	−0.064%	$207K	$5K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2480	−0.039%	$210K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2478	−0.108%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.402%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2481	−0.011%	$2.4M	$959K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2482	+0.029%	$1.2M	$1.3M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2480	−0.049%	$159K	$157K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2483	+0.071%	$106.5M	$393.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2481	+0.001%	$74.3M	$124.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2482	+0.042%	$32.9M	$111.8M	50x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2480	−0.039%	$102.2M	$61.3M	75x	as long as short
MEXC ADA_USDTshort	+0.0100%	8h	0.2482	+0.042%	$49.6M	$71.0M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2481	+0.017%	$29.8M	$15.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2482	+0.042%	$67.9M	$51.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2481	+0.001%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	−0.079%	$139K	$459K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2482	+0.041%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2486	+0.201%	$66K	$290K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2485	+0.179%	$297K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2486	+0.203%	$72K	$899K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2482	+0.025%	$119K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2479	−0.079%	$6K	$4K	20x	as long as short
SunX ADA-USDTlong	+0.0100%	8h	0.2481	long leg	$8K	$701K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2479	−0.075%	$341	$6K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2479	−0.078%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2479	−0.079%	$47.9M	$7.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2480	−0.049%	$20K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2481	−0.009%	$547K	$1.7M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2483	+0.082%	$411K	$8.5M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0147%	1h	0.2479	−0.090%	$6.3M	$13.6M	50x	as long as short
Phoenix ADA	+0.0192%	1h	0.2485	+0.162%	$3K	$107K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2481	+0.001%	$4.6M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2481	+0.017%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0318%	1h	0.2484	+0.134%	$44.3M	$17.8M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2479	−0.085%	$88K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0396%	1h	0.2480	−0.047%	$620K	$757K	50x	as long as short