Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against HTX−0.125%51s7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$490.493% of the position

Long on HTX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 3 days (all we have)+0.053%+$5 · spread now −0.125%, 7d avg −0.013%

Together, before fees−0.039%−$4 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 0.112% cheaper against HTX than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of −0.013%. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2487	0.0100	pay 0.0100% / 8h	7h 13m	$1.3M	$5.5M	75x
Short	KuCoin ADAUSDTM	0.2484	0.0100	get 0.0100% / 8h	7h 13m	$30.5M	$17.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 KuCoinbpOrdersPrice spread, now −0.125%Rate

Funding earned: $0
Price spread: −0.125% → −0.013%: −$11.21
Slippage, 4 orders: −$25.28
Fee HTX: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$60.49
Costs to cover: 0.493%
Break-even: never at this rate

Slippage from HTX: live order book, 1 min ago; KuCoin: live order book, 6 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, 1 min ago	2.56 bp	13.0 bp −$13	25.1 bp −$251	69.7 bp −$6,971	doesn't fit
Sell KuCoin live order book, 6 min ago	1.42 bp	13.1 bp −$13	19.0 bp −$190	58.6 bp −$5,861	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	−0.129%	$204K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2485	−0.081%	$215K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2483	−0.168%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.644%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2484	−0.121%	$443K	$7.4M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2482	−0.192%	$6.3M	$11.8M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2475	−0.499%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2485	−0.081%	$1.2M	$955K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2486	−0.051%	$160K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2485	−0.097%	$103.6M	$367.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2483	−0.162%	$72.9M	$105.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2486	−0.041%	$32.9M	$108.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2483	−0.162%	$99.1M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2484	−0.121%	$54.9M	$52.1M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2484	−0.125%	$30.5M	$17.8M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2484	−0.121%	$67.1M	$44.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2484	−0.121%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2489	+0.096%	$137K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	−0.519%	$4.3M	$968K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2480	−0.263%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2482	−0.206%	$294K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2485	−0.081%	$56K	$585K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2483	−0.170%	$95K	$649K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2484	−0.121%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2485	−0.083%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2484	−0.123%	$9K	$764K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2483	−0.142%	$342	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2487	long leg	$1.3M	$5.5M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2486	−0.041%	$48.6M	$5.7M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2485	−0.083%	$542K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2486	−0.042%	$21K	$250	20x	as long as short
Lighter ADA	+0.0184%	1h	0.2487	−0.013%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2481	−0.242%	$4.4M	$5.6M	75x	as long as short
Hyperliquid ADA	+0.0243%	1h	0.2486	−0.057%	$43.4M	$14.3M	10x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2484	−0.140%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0393%	1h	0.2483	−0.158%	$143K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+1.1992%	1h	0.2514	+1.069%	$505K	$433K	50x	as long as short