Funding arb · Price arb /

ADA

all ADA markets

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: Bybit against KuCoin+0.041%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$36as in the Price arb table

costs, in and out, $10k−$410.409% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.021%+$2 on $10k

Price spread, last 7 days−0.066%−$7 · spread now +0.041%, 7d avg −0.008%

Together, before fees−0.045%−$4 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: Bybit is 0.049% dearer against KuCoin than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2468	0.0100	pay 0.0100% / 8h	1h 43m	$30.4M	$18.2M	75x
Short	Bybit ADAUSDT	0.2469	0.0100	get 0.0100% / 8h	1h 43m	$71.6M	$99.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit 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 BybitbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0
Price spread: +0.041% → −0.008%: $4.86
Slippage, 4 orders: −$17.86
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$36.01
Costs to cover: 0.409%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; Bybit: live order book, 1 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	1.42 bp	14.1 bp −$14	22.7 bp −$227	doesn't fit	doesn't fit
Sell Bybit live order book, 1 min ago	2.03 bp	7.5 bp −$8	11.2 bp −$112	33.5 bp −$3,352	166.9 bp −$83.5K

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	0.2467	−0.054%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2466	−0.081%	$157K	$5.9M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2465	−0.113%	$479K	$349K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	−0.134%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2464	−0.162%	$419K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0094%	1h	0.2466	−0.075%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2467	−0.024%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2469	+0.041%	$42.8M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2467	−0.055%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2467	−0.036%	$158K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2468	+0.007%	$102.1M	$355.4M	75x	as long as short
Bybit ADAUSDTshort	+0.0100%	8h	0.2469	+0.041%	$71.6M	$99.8M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2471	+0.122%	$32.0M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2467	−0.041%	$97.4M	$57.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2468	0.000%	$53.2M	$50.1M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2468	long leg	$30.4M	$18.2M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2470	+0.081%	$66.1M	$42.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2468	0.000%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2468	+0.012%	$102K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2458	−0.394%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2463	−0.215%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2462	−0.226%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2464	−0.162%	$56K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2467	−0.032%	$97K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.162%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	−0.113%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2468	−0.001%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	−0.101%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2465	−0.124%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2466	−0.081%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2467	−0.026%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2470	+0.064%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2463	−0.211%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2465	−0.122%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2466	−0.072%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.932%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2463	−0.183%	$122K	—	100x	as long as short