Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.8% APRpaid last 24h −0.016%

Price spread now: SunX against Kraken Futures+0.013%7-day average +0.023% · you sell dearer than you buy

Net, funding: paid 7d − costs−$73as in the Funding arb table

Net, price: spread back to 7d avg − costs−$80as in the Price arb table

costs, in and out, $10k−$790.788% of the position

Long on Kraken Futures Short on SunX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.058%+$6 on $10k

Price spread, last 4 days (all we have)−0.079%−$8 · spread now +0.013%, 7d avg +0.023%

Together, before fees−0.021%−$2 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2448	0.0092	pay 0.0012% / 1h	45m 47s	$6.3M	$12.8M	50x
Short	SunX ADA-USDT	0.2448	0.0100	get 0.0100% / 8h	4h 45m	$9K	$740K	30x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SunX 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 SunXbpOrdersPrice spread, now +0.013%Rate

Funding earned: $1.58
Price spread: +0.013% → +0.023%: −$0.95
Slippage, 4 orders: −$60.78
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee SunX: 4 bp × 2 orders: −$8
Net: −$78.14
Costs to cover: 0.788%
Break-even: 352.2 days

Slippage from Kraken Futures: live order book, 3 min ago; SunX: live order book, 46 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, 3 min ago	3.27 bp	14.1 bp −$14	17.3 bp −$173	53.2 bp −$5,324	doesn't fit
Sell SunX live order book, 46 min ago	20.77 bp	27.2 bp −$27	36.3 bp −$363	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	0.2445	−0.107%	$201K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2448	+0.013%	$159K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	−0.094%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.952%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2444	−0.151%	$430K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0092%	1h	0.2448	long leg	$6.3M	$12.8M	50x
Lighter ADA	+0.0096%	1h	0.2448	+0.004%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2447	−0.029%	$1.2M	$982K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	−0.047%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2447	−0.015%	$103.5M	$372.8M	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	0.2446	−0.069%	$71.3M	$111.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2446	−0.069%	$32.6M	$105.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2446	−0.069%	$97.9M	$59.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2447	−0.028%	$61.0M	$60.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	−0.020%	$29.5M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	−0.110%	$65.7M	$50.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2447	−0.028%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2448	+0.017%	$124K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2446	−0.067%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2446	−0.057%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.070%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2445	−0.110%	$225K	$741K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	−0.036%	$93K	$686K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2446	−0.069%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2447	−0.012%	$40K	$2K	5x	as long as short
SunX ADA-USDTshort	+0.0100%	8h	0.2448	+0.013%	$9K	$740K	30x
SoDEX ADA-USD	+0.0100%	1h	0.2448	+0.013%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	+0.047%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2447	−0.028%	$47.7M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2447	−0.014%	$530K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2448	+0.001%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0107%	1h	0.2447	−0.036%	$42.5M	$14.9M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2450	+0.094%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2446	−0.069%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2445	−0.110%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0568%	1h	0.2448	+0.021%	$592K	$494K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0591% / S −0.0547%	1h	0.2445	−0.112%	$132K	—	100x	as long as short