Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against ApeX Omni−0.491%82s7-day average −0.019% · you buy dearer than you sell

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−$510.505% of the position

Long on ApeX Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.071%−$7 on $10k

Price spread, last 3 days (all we have)+0.381%+$38 · spread now −0.491%, 7d avg −0.019%

Together, before fees+0.310%+$31 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 0.472% cheaper against ApeX Omni than usual: you would sell low and buy high, −$47 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 82 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	ApeX Omni ADAUSDT	0.2464	0.0100	pay 0.0013% / 1h	32m 08s	$56K	$580K	50x
Short	KuCoin ADAUSDTM	0.2452	0.0100	get 0.0100% / 8h	1h 32m	$30.3M	$18.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 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 ApeX OmnibpFee KuCoinbpOrdersPrice spread, now −0.491%Rate

Funding earned: $0
Price spread: −0.491% → −0.019%: −$47.21
Slippage, 4 orders: −$28.51
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$97.72
Costs to cover: 0.505%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 51 min ago; KuCoin: live order book, 2 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, 51 min ago	4.06 bp	13.1 bp −$13	42.7 bp −$427	doesn't fit	doesn't fit
Sell KuCoin live order book, 2 min ago	2.03 bp	8.8 bp −$9	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	0.2454	−0.422%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2456	−0.325%	$171K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	−0.544%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2455	−0.365%	$412K	$7.3M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0076%	1h	0.2452	−0.483%	$476K	$351K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2453	−0.446%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2454	−0.422%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	−0.499%	$42.5M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2452	−0.500%	$1.2M	$922K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2454	−0.389%	$157K	$146K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2453	−0.434%	$101.7M	$357.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2452	−0.487%	$71.1M	$100.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	−0.528%	$31.8M	$105.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2450	−0.568%	$96.6M	$58.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2453	−0.446%	$52.6M	$50.7M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2452	−0.491%	$30.3M	$18.2M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2451	−0.528%	$65.7M	$43.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2451	−0.528%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2452	−0.499%	$102K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2463	−0.032%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2463	−0.025%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	−0.024%	$289K	$3.7M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2464	long leg	$56K	$580K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	−0.519%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	−0.528%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	−0.481%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2453	−0.447%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	−0.507%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2452	−0.474%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.487%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2455	−0.363%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2451	−0.524%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2460	−0.142%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	−0.325%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2450	−0.566%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.284%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2451	−0.530%	$122K	—	100x	as long as short