ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0026%/8h= +2.8% APRnext payment +$0.03 per $10,000 · paid last 24h +0.040%

Price spread now: Kraken Futures against dYdX−0.031%7-day average +0.023% · you buy dearer than you sell

Net, funding: paid 7d − costs−$305as in the Funding arb table

Net, price: spread back to 7d avg − costs−$323as in the Price arb table

costs, in and out, $10k−$3173.172% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)+0.243%+$24 · spread now −0.031%, 7d avg +0.023%

Together, before fees+0.369%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.054% cheaper against dYdX than usual: you would sell low and buy high (spread −0.031% now, against its 7-day average of +0.023%). If the spread goes back, that is −$5 on $10k: about 7.0 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.126% in total) that is about 3.0 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2494	0	get 0.0000% / 1h	55m 19s	$205K	$2K	10x
Short	Kraken Futures PF_ADAUSD	0.2493	0.0026	get 0.0003% / 1h	55m 19s	$6.4M	$12.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now −0.031%Rate

Funding earned: $5.36
Price spread: −0.031% → +0.023%: −$5.39
Slippage, 4 orders: −$297.22
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$317.24
Costs to cover: 3.172%
Break-even: 421.0 days

Slippage from dYdX: 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 dYdX live order book, 64 min ago	140.67 bp	145.7 bp −$146	173.3 bp −$1,733	246.9 bp −$24.7K	486.9 bp −$243.4K
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-USDlong	0.0000%	1h	0.2494	long leg	$205K	$2K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2490	−0.143%	$200K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2495	+0.072%	$88K	—	150x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0026%	1h	0.2493	−0.031%	$6.4M	$12.5M	50x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.905%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2489	−0.184%	$434K	$7.9M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2495	+0.068%	$1.2M	$994K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2494	+0.017%	$162K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2498	+0.177%	$105.8M	$373.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2496	+0.097%	$72.9M	$108.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2497	+0.137%	$33.4M	$107.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2495	+0.057%	$99.9M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2496	+0.097%	$62.5M	$59.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2496	+0.105%	$30.2M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2496	+0.097%	$67.4M	$49.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2496	+0.097%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2489	−0.181%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2486	−0.285%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2488	−0.224%	$292K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2489	−0.184%	$229K	$748K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2497	+0.141%	$97K	$692K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2496	+0.097%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2498	+0.163%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2493	−0.024%	$9K	$730K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2492	−0.043%	$343	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2491	−0.086%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2493	−0.023%	$48.6M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2492	−0.051%	$539K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0115%	8h	0.2491	−0.088%	$21K	$250	20x	as long as short
Lighter ADA	+0.0168%	1h	0.2496	+0.097%	$2.5M	$1.0M	10x	as long as short
Backpack ADA_USDC_PERP	+0.0178%	1h	0.2492	−0.047%	$134K	$442K	15x	as long as short
Phoenix ADA	+0.0195%	1h	0.2478	−0.621%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2488	−0.224%	$4.6M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2495	+0.077%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0594%	1h	0.2492	−0.079%	$612K	$496K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0599% / S −0.0547%	1h	0.2496	+0.082%	$134K	—	100x	as long as short
Hyperliquid ADA	+0.0611%	1h	0.2499	+0.209%	$44.1M	$15.2M	10x	as long as short