Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h +0.020%
Price spread now: Kraken Futures against Extended+0.048%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$39as in the Price arb table
costs, in and out, $10k−$390.391% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.031%+$3 on $10k
Price spread, last 3 days (all we have)+0.217%+$22 · spread now +0.048%, 7d avg +0.043%
Together, before fees+0.248%+ Points / potential airdropExtended: Active · farm board+$25 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ADA-USD0.24720.0104pay 0.0013% / 1h53m 10s$557K$1.8M50x
ShortKraken Futures PF_ADAUSD0.24730.0112get 0.0014% / 1h53m 10s$6.2M$11.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Extended. 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

Funding earned
$1.76
Price spread: +0.048% → +0.043%
$0.49
Slippage, 4 orders
−$24.1
Fee Extended: 2.5 bp × 2 orders
−$5
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$36.85
Costs to cover
0.391%
Break-even
153.4 days
Slippage from Extended: live order book, 5 min ago; Kraken Futures: live order book, 1 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 5 min ago2.03 bp4.5 bp −$57.7 bp −$77doesn't fitdoesn't fit
Sell Kraken Futures live order book, 1 min ago2.43 bp11.7 bp −$1214.7 bp −$14756.5 bp −$5,647doesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2467−0.184%$203K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2473+0.039%$161K$6.0M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2471−0.060%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2471−0.042%$415K$7.4M50xas long as short
Lighter ADA+0.0096%1h0.2474+0.092%$2.5M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2475+0.128%$42.9M$14.2M10xas long as short
Aster ADAUSDT+0.0100%8h0.2473+0.039%$1.2M$925K75xas long as short
Pacifica ADA+0.0100%1h0.2468−0.154%$158K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2476+0.176%$103.0M$361.1M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2475+0.120%$72.1M$102.6M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2475+0.120%$32.4M$107.4M50xas long as short
Gate ADA_USDT+0.0100%8h0.2473+0.039%$97.9M$59.1M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2474+0.080%$53.1M$50.4M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2472−0.001%$30.3M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2474+0.080%$66.3M$43.4M75xas long as short
BingX ADA-USDC+0.0100%8h0.2474+0.080%$6.5Mas long as short
Variational Omni ADA+0.0100%8h0.2464−0.318%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2468−0.160%$66K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2468−0.163%$288K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2464−0.325%$56K$581K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2472−0.021%$96K$626K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2471−0.042%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2472+0.005%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2473+0.038%$9K$760K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2472+0.019%$340$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2473+0.057%$1.3M$5.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2473+0.039%$48.3M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2468−0.156%$21K$25020xas long as short
Extended ADA-USDlong+0.0104%1h0.2472long leg$557K$1.8M50x
Backpack ADA_USDC_PERP+0.0108%1h0.2475+0.112%$110K$418K15xas long as short
Kraken Futures PF_ADAUSDshort+0.0112%1h0.2473+0.048%$6.2M$11.6M50x
Phoenix ADA+0.0130%1h0.2468−0.159%$4K$78K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2471−0.042%$4.4M$5.5M75xas long as short
Injective ADA/USDC PERP+0.0254%1h0.2471−0.042%$849$202K12xas long as short
Reya ADARUSDPERP+0.0284%1h0.2472−0.019%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0559%1h0.2474+0.064%$490K$403K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0567% / S −0.0313%1h0.2471−0.040%$123K100xas long as short