ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0009%/8h= +1.0% APRnext payment +$0.01 per $10,000 · paid last 24h −0.016%

Price spread now: Polymarket Perps against Kraken Futures−0.091%48s7-day average −0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$60as 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−$390.395% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.207%−$21 on $10k

Price spread, last 4 days (all we have)−0.118%−$12 · spread now −0.091%, 7d avg −0.019%

Together, before fees−0.326%−$33 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: Polymarket Perps is 0.072% cheaper against Kraken Futures than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.019%. The two prices were read 48 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	0.2481	0.0091	pay 0.0011% / 1h	59m 27s	$6.3M	$12.5M	50x
Short	Polymarket Perps ADA-USD	0.2479	0.0100	get 0.0013% / 1h	59m 27s	$95K	$690K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 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 Kraken FuturesbpFee Polymarket PerpsbpOrdersPrice spread, now −0.091%Rate

Funding earned: $1.85
Price spread: −0.091% → −0.019%: −$7.25
Slippage, 4 orders: −$21.46
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$44.86
Costs to cover: 0.395%
Break-even: 176.9 days

Slippage from Kraken Futures: live order book, 5 min ago; Polymarket Perps: live order book, 58 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, 5 min ago	0.20 bp	11.7 bp −$12	13.9 bp −$139	42.5 bp −$4,251	doesn't fit
Sell Polymarket Perps live order book, 58 min ago	4.29 bp	8.3 bp −$8	11.8 bp −$118	doesn't fit	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	0.2481	−0.015%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2484	+0.106%	$189K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2476	−0.213%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.418%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2481	−0.015%	$420K	$7.8M	50x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0091%	1h	0.2481	long leg	$6.3M	$12.5M	50x
Lighter ADA	+0.0096%	1h	0.2483	+0.050%	$2.5M	$1.0M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2481	−0.010%	$1.2M	$990K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2482	+0.024%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2479	−0.088%	$105.0M	$371.3M	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	0.2478	−0.136%	$72.3M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2478	−0.136%	$33.3M	$105.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2480	−0.055%	$99.2M	$58.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2477	−0.176%	$61.9M	$59.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2477	−0.168%	$30.0M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2477	−0.176%	$66.7M	$49.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2481	−0.015%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2481	−0.015%	$133K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2481	−0.012%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2481	−0.018%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2473	−0.337%	$290K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2471	−0.418%	$228K	$748K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2479	−0.091%	$95K	$690K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2482	+0.025%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2483	+0.059%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2483	+0.065%	$9K	$730K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2481	−0.011%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2480	−0.040%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2479	−0.096%	$48.4M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2481	−0.022%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0112%	8h	0.2483	+0.046%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0119%	1h	0.2480	−0.055%	$43.8M	$15.2M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2481	−0.007%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2482	+0.025%	$4.6M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2477	−0.196%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0596%	1h	0.2483	+0.074%	$602K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0596% / S −0.0547%	1h	0.2480	−0.046%	$134K	—	100x	as long as short