Funding you earn now, next payment 05:00 UTC−0.0537%/8h= −58.8% APRpaid last 24h −0.071%
Price spread now: KuCoin against Deribit+0.133%7-day average −0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$420.418% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)−0.354%−$35 · spread now +0.133%, 7d avg −0.033%
=The price spread pays, funding is against you. KuCoin is 0.166% dearer against Deribit than usual: you sell high and buy low (spread +0.133% now, against its 7-day average of −0.033%): +$17 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 25 hours. At the pace of the last 7 days (−0.079% in total) that is about 15 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.079% in total (about -4.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ADA_USDC-PERPETUAL | 0.2483 | 0.0637 | pay 0.0080% / 1h | 57m 34s | $609K | $496K | 50x |
| Short | KuCoin ADAUSDTM | 0.2486 | 0.0100 | get 0.0100% / 8h | 3h 57m | $30.1M | $15.1M | 75x |
Deribit ADA_USDC-PERPETUAL
KuCoin ADAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Deribit. 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
- −$112.77
- Price spread: +0.133% → −0.033%
- $16.61
- Slippage, 4 orders
- −$22.75
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$137.91
- Costs to cover
- 0.418%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 61 min ago; KuCoin: live order book, 11 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 Deribit live order book, 61 min ago | 2.64 bp | 6.1 bp −$6 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 2.63 bp | 12.3 bp −$12 | 22.2 bp −$222 | 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 | 0.2484 | +0.042% | $204K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2480 | −0.105% | $198K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2479 | −0.149% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2485 | +0.101% | $6.4M | $12.5M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.467% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2481 | −0.064% | $423K | $7.8M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2487 | +0.162% | $1.2M | $992K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2485 | +0.109% | $161K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2488 | +0.233% | $105.4M | $372.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2488 | +0.218% | $72.6M | $108.8M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
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 | 0.2489 | +0.258% | $33.3M | $106.6M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2484 | +0.056% | $99.2M | $58.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2484 | +0.056% | $62.5M | $59.5M | 300x | as long as short |
| KuCoin ADAUSDTMshort | +0.0100% | 8h | 0.2486 | +0.133% | $30.1M | $15.1M | 75x | |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2488 | +0.218% | $67.0M | $49.4M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2484 | +0.056% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2486 | +0.149% | $133K | $442K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2481 | −0.062% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2480 | −0.114% | $66K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2480 | −0.103% | $291K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2479 | −0.145% | $229K | $748K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2488 | +0.226% | $96K | $692K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2481 | −0.064% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2482 | −0.031% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2480 | −0.106% | $9K | $730K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2484 | +0.056% | $342 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2484 | +0.056% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2485 | +0.097% | $48.5M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2482 | −0.012% | $537K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0113% | 8h | 0.2485 | +0.112% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0168% | 1h | 0.2487 | +0.165% | $2.5M | $1.0M | 10x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2478 | −0.181% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2478 | −0.185% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2489 | +0.238% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0596% / S −0.0547% | 1h | 0.2478 | −0.178% | $134K | — | 100x | as long as short |
| Hyperliquid ADA | +0.0614% | 1h | 0.2491 | +0.346% | $44.0M | $15.2M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0637% | 1h | 0.2483 | long leg | $609K | $496K | 50x |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
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
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Hyperliquid ADA