Funding you earn now, next payment 10:00 UTC+0.0197%/8h= +21.5% APRnext payment +$0.25 per $10,000 · paid last 24h −0.001%
Price spread now: dYdX against Kraken Futures+0.084%85s7-day average −0.010% · you sell dearer than you buy
Net, funding: paid 7d − costs−$121as 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−$1061.064% of the position
Funding, last 7 days−0.142%−$14 on $10k
+Price spread, last 5 days (all we have)−0.295%−$30 · spread now +0.084%, 7d avg −0.010%
=Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and dYdX is 0.094% dearer against Kraken Futures than usual: you sell high and buy low: +$9 more if the spread goes back to its 7-day average of −0.010%. Mind the row above: over the last 7 days funding on this pair cost −0.142%, so the current rate has only just turned in your favour. The two prices were read 85 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 | Kraken Futures PF_ADAUSD | 0.2533 | −0.0078 | get 0.0010% / 1h | 5m 38s | $6.3M | $15.9M | 50x |
| Short | dYdX ADA-USD | 0.2535 | 0.0119 | get 0.0015% / 1h | 5m 38s | $215K | $3K | 10x |
Kraken Futures PF_ADAUSD
dYdX ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $41.32
- Price spread: +0.084% → −0.010%
- $9.36
- Slippage, 4 orders
- −$86.38
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$55.7
- Costs to cover
- 1.064%
- Break-even
- 16.4 days
Slippage from Kraken Futures: live order book, 1 min ago; dYdX: live order book, 56 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 Kraken Futures live order book, 1 min ago | 3.75 bp | 11.1 bp −$11 | 13.3 bp −$133 | 47.2 bp −$4,723 | doesn't fit |
| Sell dYdX live order book, 56 min ago | 27.50 bp | 48.6 bp −$49 | 181.2 bp −$1,812 | 195.9 bp −$19.6K | 197.2 bp −$98.6K |
ADA on 36 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ADAUSDlong | −0.0078% | 1h | 0.2533 | long leg | $6.3M | $15.9M | 50x | |
| Phoenix ADA | −0.0063% | 1h | 0.2537 | +0.156% | $3K | $111K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2534 | +0.049% | $225K | $7.9M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | 0.0000% | 1h | 0.2532 | −0.010% | $517K | $775K | 50x | as long as short |
| Gate ADA_USDT | +0.0002% | 8h | 0.2529 | −0.148% | $105.2M | $54.9M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0002% | 1h | 0.2532 | −0.044% | $38K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2529 | −0.148% | $868 | $32K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0064% | 1h | 0.2536 | +0.128% | $437K | $8.1M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2534 | +0.029% | $2.6M | $974K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0098% | 8h | 0.2532 | −0.030% | $9K | $9K | 20x | as long as short |
Phoenix ADA
Kalshi KXADAPERP
Deribit ADA_USDC-PERPETUAL
Gate ADA_USDT
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Orderly PERP_ADA_USDCShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2530 | −0.110% | $18K | $1K | 20x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2533 | −0.006% | $43.3M | $14.7M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2530 | −0.109% | $1.3M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2532 | −0.027% | $168K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2529 | −0.148% | $103.5M | $376.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2528 | −0.188% | $76.8M | $120.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2529 | −0.148% | $33.7M | $103.5M | 50x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2531 | −0.069% | $40.4M | $92.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2531 | −0.073% | $28.0M | $16.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2529 | −0.148% | $68.0M | $49.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2531 | −0.069% | — | $11.9M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2532 | −0.022% | $122K | $399K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2539 | +0.264% | $4.4M | $1.6M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2534 | +0.049% | $68K | $372K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2537 | +0.168% | $303K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2533 | +0.010% | $232K | $358K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2532 | −0.022% | $63K | $1.1M | 10x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2533 | +0.009% | $8K | $544K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2532 | −0.010% | $2K | $17K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2533 | −0.001% | $1.4M | $6.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2532 | −0.030% | $48.5M | $6.0M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2530 | −0.122% | $575K | $691K | 50x | as long as short |
| dYdX ADA-USDshort | +0.0119% | 1h | 0.2535 | +0.084% | $215K | $3K | 10x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0187% / S +0.0179% | 1h | 0.2531 | −0.054% | $54K | — | 100x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2533 | +0.010% | $4.8M | $3.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0237% | 1h | 0.2536 | +0.121% | $1K | — | 15x | as long as short |
Paradex ADA-USD-PERP
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
GMX ADA/USD [WBTC.b-USDC]
BloFin ADA-USDT
Reya ADARUSDPERP