Funding you earn now, next payment 05:00 UTC−0.0075%/8h= −8.2% APRnext payment −$0.09 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against ApeX Omni+0.333%7-day average +0.001% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$12as in the Price arb table
costs, in and out, $10k−$450.447% of the position
Funding, last 7 days−0.035%−$3 on $10k
+Price spread, last 4 days (all we have)+0.007%+$1 · spread now +0.333%, 7d avg +0.001%
=The price spread pays, funding is against you. Kraken Futures is 0.332% dearer against ApeX Omni than usual: you sell high and buy low (spread +0.333% now, against its 7-day average of +0.001%): +$33 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 15 days. At the pace of the last 7 days (−0.035% in total) that is about 2 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ADAUSDT | 0.2489 | 0.0100 | pay 0.0013% / 1h | 54m 59s | $229K | $748K | 50x |
| Short | Kraken Futures PF_ADAUSD | 0.2497 | 0.0025 | get 0.0003% / 1h | 54m 59s | $6.4M | $12.6M | 50x |
ApeX Omni ADAUSDT
Kraken Futures PF_ADAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against ApeX Omni. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$15.65
- Price spread: +0.333% → +0.001%
- $33.17
- Slippage, 4 orders
- −$24.71
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$27.18
- Costs to cover
- 0.447%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 64 min ago; Kraken Futures: 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 ApeX Omni live order book, 64 min ago | 2.04 bp | 8.5 bp −$9 | 40.9 bp −$409 | doesn't fit | doesn't fit |
| Sell Kraken Futures live order book, 4 min ago | 0.20 bp | 14.0 bp −$14 | 18.1 bp −$181 | 65.9 bp −$6,590 | 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 | 0.2494 | +0.184% | $205K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2495 | +0.241% | $211K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2495 | +0.256% | $88K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSDshort | +0.0025% | 1h | 0.2497 | +0.333% | $6.4M | $12.6M | 50x | |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.723% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2495 | +0.241% | $416K | $7.9M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2498 | +0.362% | $1.2M | $995K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2494 | +0.200% | $162K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2496 | +0.281% | $105.2M | $373.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2495 | +0.241% | $73.0M | $109.0M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2495 | +0.241% | $33.5M | $107.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2496 | +0.281% | $100.0M | $59.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2497 | +0.321% | $62.9M | $59.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2497 | +0.333% | $30.2M | $15.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2495 | +0.241% | $67.4M | $49.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2498 | +0.362% | — | $6.6M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2489 | +0.003% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2486 | −0.102% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2488 | −0.040% | $292K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDTlong | +0.0100% | 1h | 0.2489 | long leg | $229K | $748K | 50x | |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2497 | +0.325% | $97K | $692K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2496 | +0.281% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2498 | +0.347% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2497 | +0.319% | $9K | $731K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2497 | +0.301% | $343 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2497 | +0.310% | $1.3M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2497 | +0.321% | $48.7M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2494 | +0.193% | $539K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0115% | 8h | 0.2491 | +0.096% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0192% | 1h | 0.2499 | +0.386% | $2.5M | $1.0M | 10x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2478 | −0.438% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2496 | +0.281% | $4.6M | $5.8M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.0249% | 1h | 0.2498 | +0.370% | $135K | $443K | 15x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2495 | +0.261% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0599% / S −0.0547% | 1h | 0.2496 | +0.266% | $134K | — | 100x | as long as short |
| Hyperliquid ADA | +0.0603% | 1h | 0.2500 | +0.434% | $44.1M | $15.2M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0672% | 1h | 0.2498 | +0.350% | $613K | $496K | 50x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Lighter ADA
Phoenix ADA
BloFin ADA-USDT
Backpack ADA_USDC_PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL