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 Bitget−0.126%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$54as in the Funding arb table

Net, price: spread back to 7d avg − costs−$65as in the Price arb table

costs, in and out, $10k−$500.502% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 7 days+0.129%+$13 · spread now −0.126%, 7d avg +0.018%

Together, before fees+0.094%+$9 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 0.143% cheaper against Bitget than usual: you would sell low and buy high, −$14 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2464	0.0100	pay 0.0100% / 8h	5h 43m	$65.9M	$47.7M	75x
Short	KuCoin ADAUSDTM	0.2461	0.0100	get 0.0100% / 8h	5h 43m	$29.8M	$16.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bitget. 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 BitgetbpFee KuCoinbpOrdersPrice spread, now −0.126%Rate

Funding earned: $0
Price spread: −0.126% → +0.018%: −$14.33
Slippage, 4 orders: −$26.23
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$64.57
Costs to cover: 0.502%
Break-even: never at this rate

Slippage from Bitget: live order book, 5 min ago; KuCoin: live order book, 5 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 Bitget live order book, 5 min ago	2.04 bp	11.9 bp −$12	14.0 bp −$140	35.4 bp −$3,542	145.9 bp −$73.0K
Sell KuCoin live order book, 5 min ago	1.63 bp	12.5 bp −$12	20.9 bp −$209	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	0.2463	−0.054%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	−0.309%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.284%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2458	−0.244%	$441K	$7.5M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	−0.069%	$42.9M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2461	−0.135%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	0.000%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2464	+0.014%	$103.2M	$367.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	0.000%	$72.8M	$108.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.041%	$32.8M	$105.5M	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	0.2458	−0.244%	$98.3M	$58.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2463	−0.041%	$60.1M	$55.3M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2461	−0.126%	$29.8M	$16.9M	75x
Bitget ADAUSDTlong	+0.0100%	8h	0.2464	long leg	$65.9M	$47.7M	75x
BingX ADA-USDC	+0.0100%	8h	0.2464	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	−0.231%	$119K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.322%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.410%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.466%	$287K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.487%	$226K	$722K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	−0.256%	$94K	$674K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.244%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	−0.223%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	−0.204%	$8K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2458	−0.244%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.243%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	−0.244%	$47.8M	$6.3M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2463	−0.041%	$162K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2459	−0.189%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2465	+0.021%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	−0.313%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2463	−0.053%	$2.4M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	−0.081%	—	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2458	−0.262%	$6.3M	$12.3M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2457	−0.264%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0401%	1h	0.2459	−0.223%	$540K	$456K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2455	−0.352%	$95K	—	100x	as long as short