Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin−0.399%7-day average +0.018% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$88as in the Price arb table

costs, in and out, $10k−$470.466% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.071%+$7 on $10k

Price spread, last 4 days (all we have)+0.580%+$58 · spread now −0.399%, 7d avg +0.018%

Together, before fees+0.651%+$65 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: ApeX Omni is 0.417% cheaper against KuCoin than usual: you would sell low and buy high, −$42 on $10k if it goes back to its 7-day average of +0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2506	0.0100	pay 0.0100% / 8h	3h 53m	$30.3M	$15.1M	75x
Short	ApeX Omni ADAUSDT	0.2496	0.0100	get 0.0013% / 1h	53m 36s	$230K	$748K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now −0.399%Rate

Funding earned: $0
Price spread: −0.399% → +0.018%: −$41.7
Slippage, 4 orders: −$24.65
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$88.35
Costs to cover: 0.466%
Break-even: never at this rate

Slippage from KuCoin: live order book, 5 min ago; ApeX Omni: live order book, 65 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 KuCoin live order book, 5 min ago	0.61 bp	15.6 bp −$16	22.8 bp −$228	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 65 min ago	2.04 bp	10.3 bp −$10	37.5 bp −$375	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	0.2506	−0.017%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2500	−0.239%	$294K	$6.5M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2494	−0.464%	$88K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2494	−0.470%	$6.4M	$12.6M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.397%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2494	−0.479%	$416K	$8.0M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2506	0.000%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2507	+0.028%	$163K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2507	+0.024%	$105.6M	$376.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2506	0.000%	$73.5M	$109.9M	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	0.2512	+0.239%	$33.7M	$108.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2503	−0.120%	$100.2M	$59.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2506	0.000%	$62.3M	$60.0M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2506	long leg	$30.3M	$15.1M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2506	0.000%	$67.7M	$50.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2506	0.000%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2489	−0.676%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2494	−0.468%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2488	−0.718%	$292K	$3.9M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2496	−0.399%	$230K	$748K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2499	−0.287%	$97K	$693K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2494	−0.479%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2496	−0.404%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2496	−0.401%	$8K	$732K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2495	−0.459%	$343	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2499	−0.298%	$1.4M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2495	−0.439%	$48.7M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2506	−0.008%	$541K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0115%	8h	0.2507	+0.037%	$21K	$250	20x	as long as short
Lighter ADA	+0.0160%	1h	0.2507	+0.056%	$2.5M	$1.1M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2478	−1.113%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2496	−0.399%	$4.6M	$5.8M	75x	as long as short
Backpack ADA_USDC_PERP	+0.0268%	1h	0.2500	−0.235%	$132K	$446K	15x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2495	−0.439%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0512%	1h	0.2496	−0.407%	$613K	$496K	50x	as long as short
Hyperliquid ADA	+0.0568%	1h	0.2508	+0.084%	$44.1M	$15.3M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0599% / S −0.0547%	1h	0.2494	−0.464%	$135K	—	100x	as long as short