Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0013%/8h= +1.4% APRpaid last 24h +0.007%

Price spread now: Kraken Futures against HTX+0.008%7-day average −0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$57as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$490.486% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.082%−$8 on $10k

Price spread, last 3 days (all we have)+0.073%+$7 · spread now +0.008%, 7d avg −0.004%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.082%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2465	0.0100	pay 0.0100% / 8h	56m 20s	$1.3M	$5.3M	75x
Short	Kraken Futures PF_ADAUSD	0.2465	0.0113	get 0.0014% / 1h	56m 20s	$6.2M	$11.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now +0.008%Rate

Funding earned: $2.68
Price spread: +0.008% → −0.004%: $1.25
Slippage, 4 orders: −$26.61
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$44.68
Costs to cover: 0.486%
Break-even: 123.7 days

Slippage from HTX: live order book, 3 min ago; Kraken Futures: live order book, 3 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 HTX live order book, 3 min ago	0.02 bp	10.8 bp −$11	22.2 bp −$222	47.4 bp −$4,744	doesn't fit
Sell Kraken Futures live order book, 3 min ago	3.25 bp	11.4 bp −$11	16.0 bp −$160	49.7 bp −$4,972	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	0.2465	−0.004%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2465	+0.011%	$155K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2468	+0.116%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2464	−0.029%	$414K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2467	+0.097%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2468	+0.125%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2467	+0.090%	$1.2M	$925K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2466	+0.037%	$158K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2468	+0.133%	$102.5M	$360.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2467	+0.093%	$71.9M	$102.5M	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	0.2468	+0.133%	$32.2M	$106.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2467	+0.093%	$97.5M	$59.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2467	+0.093%	$52.6M	$50.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2467	+0.093%	$30.3M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2468	+0.133%	$66.2M	$43.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2468	+0.133%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.015%	$109K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2459	−0.225%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	−0.108%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	−0.212%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2461	−0.151%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2467	+0.084%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2468	+0.133%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2469	+0.171%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	+0.011%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	−0.013%	$339	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2465	long leg	$1.3M	$5.3M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2464	−0.029%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2466	+0.051%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2466	+0.053%	$557K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0113%	1h	0.2465	+0.008%	$6.2M	$11.6M	50x
Phoenix ADA	+0.0131%	1h	0.2465	−0.005%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.052%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.255%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2467	+0.095%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0318%	1h	0.2465	+0.024%	$485K	$399K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2467	+0.109%	$122K	—	100x	as long as short