Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: Binance against KuCoin−0.007%7-day average +0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$39as in the Price arb table

costs, in and out, $10k−$380.384% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days−0.021%−$2 · spread now −0.007%, 7d avg +0.004%

Together, before fees−0.009%−$1 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2445	0.0100	pay 0.0100% / 8h	2h 32m	$30.2M	$18.3M	75x
Short	Binance ADAUSDT	0.2445	0.0100	get 0.0100% / 8h	2h 32m	$100.8M	$355.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.007%Rate

Funding earned: $0
Price spread: −0.007% → +0.004%: −$1.1
Slippage, 4 orders: −$16.36
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$39.46
Costs to cover: 0.384%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Binance: live order book, 11 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, 6 min ago	0.20 bp	14.0 bp −$14	25.3 bp −$253	doesn't fit	doesn't fit
Sell Binance live order book, 11 min ago	2.04 bp	7.0 bp −$7	9.1 bp −$91	24.7 bp −$2,467	83.8 bp −$41.9K

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	0.2448	+0.116%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2447	+0.082%	$153K	$5.9M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2445	+0.020%	$475K	$354K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	−0.004%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2448	+0.123%	$408K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	+0.053%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2444	−0.029%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2445	+0.012%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2448	+0.120%	$157K	$147K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2445	−0.007%	$100.8M	$355.8M	75x

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2444	−0.041%	$70.4M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	−0.082%	$31.8M	$104.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	−0.082%	$96.6M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2444	−0.041%	$52.4M	$56.5M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2445	long leg	$30.2M	$18.3M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2444	−0.041%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2445	0.000%	—	$20.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	−0.016%	$101K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2445	+0.017%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2447	+0.085%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.120%	$299K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.204%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2446	+0.041%	$97K	$642K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2445	+0.006%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2449	+0.164%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	−0.012%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	+0.089%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2444	−0.041%	$47.7M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2447	+0.099%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2444	−0.052%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2445	+0.004%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2445	0.000%	$4.3M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2446	+0.033%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0338%	1h	0.2445	−0.001%	$6.1M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0437% / S −0.0207%	1h	0.2444	−0.023%	$96K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.204%	$838	$131K	12x	as long as short