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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.014%
Price spread now: KuCoin against Extended+0.159%7-day average +0.032% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$25as in the Price arb table
costs, in and out, $10k−$380.379% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.011%+$1 on $10k
Price spread, last 4 days (all we have)−0.124%−$12 · spread now +0.159%, 7d avg +0.032%
Together, before fees−0.114%+ Points / potential airdropExtended: Active · farm board−$11 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 0.127% dearer against Extended than usual: you sell high and buy low, +$13 on $10k if it goes back to its 7-day average of +0.032%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ADA-USD0.24600.0104pay 0.0013% / 1h35m 00s$558K$1.8M50x
ShortKuCoin ADAUSDTM0.24640.0100get 0.0100% / 8h1h 35m$30.4M$18.2M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin 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
−$0.84
Price spread: +0.159% → +0.032%
$12.67
Slippage, 4 orders
−$20.9
Fee Extended: 2.5 bp × 2 orders
−$5
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$26.07
Costs to cover
0.379%
Break-even
never at this rate
Slippage from Extended: live order book, 4 min ago; KuCoin: live order book, 4 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, 4 min ago2.02 bp4.5 bp −$57.1 bp −$71doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago1.22 bp10.1 bp −$1017.1 bp −$171doesn't fitdoesn'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%1h0.2460−0.017%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2463+0.118%$159K$5.9M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2464+0.143%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0064%1h0.2460−0.004%$415K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0095%1h0.2462+0.098%$6.2M$11.5M50xas long as short
Lighter ADA+0.0096%1h0.2465+0.192%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2462+0.098%$42.7M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2463+0.129%$1.2M$920K75xas long as short
Pacifica ADA+0.0100%1h0.2462+0.080%$157K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2461+0.048%$102.1M$357.1M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2461+0.037%$71.6M$100.3M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2461+0.037%$31.9M$105.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2462+0.078%$97.3M$58.1M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2463+0.118%$53.7M$50.5M300xas long as short
KuCoin ADAUSDTMshort+0.0100%8h0.2464+0.159%$30.4M$18.2M75x
Bitget ADAUSDT+0.0100%8h0.2460−0.004%$65.8M$43.0M75xas long as short
BingX ADA-USDT+0.0100%8h0.2463+0.118%$20.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2463+0.122%$103K$418K15xas long as short
Variational Omni ADA+0.0100%8h0.2463+0.127%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2468+0.341%$66K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2467+0.282%$298K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2474+0.566%$56K$580K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2464+0.159%$97K$623K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2464+0.159%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2464+0.179%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2464+0.160%$9K$757K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2464+0.139%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2464+0.166%$1.3M$5.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2463+0.118%$48.1M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2462+0.098%$21K$25020xas long as short
Extended ADA-USDlong+0.0104%1h0.2460long leg$558K$1.8M50x
Phoenix ADA+0.0131%1h0.2464+0.159%$4K$74K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2463+0.118%$4.4M$5.5M75xas long as short
Deribit ADA_USDC-PERPETUAL+0.0278%1h0.2465+0.212%$479K$351K50xas long as short
Reya ADARUSDPERP+0.0285%1h0.2465+0.205%$1K15xas long as short
Injective ADA/USDC PERP+0.0288%1h0.2471+0.444%$849$202K12xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0567% / S −0.0313%1h0.2463+0.135%$122K100xas long as short