Funding you earn now, next payment 09:00 UTC+0.0383%/8h= +41.9% APRpaid last 24h +0.096%
Price spread now: Deribit against KuCoin−0.004%7-day average +0.028% · you buy dearer than you sell
Net, funding: paid 7d − costs−$32as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$420.421% of the position
Funding, last 7 days+0.104%+$10 on $10k
+Price spread, last 4 days (all we have)+0.078%+$8 · spread now −0.004%, 7d avg +0.028%
=Funding pays, the price is against you. Deribit is 0.032% cheaper against KuCoin than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.028%). If the spread goes back, that is −$3 on $10k: about 7 hours of funding at the current rate (+$11 a day). At the pace of the last 7 days (+0.104% in total) that is about 2.1 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.104% in total (about 5.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ADAUSDTM | 0.2458 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $29.7M | $16.1M | 75x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2458 | 0.0483 | get 0.0060% / 1h | 57m 44s | $638K | $738K | 50x |
KuCoin ADAUSDTM
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $80.43
- Price spread: −0.004% → +0.028%
- −$3.2
- Slippage, 4 orders
- −$23.14
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $35.09
- Costs to cover
- 0.421%
- Break-even
- 3.9 days
Slippage from KuCoin: live order book, 11 min ago; Deribit: live order book, 41 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, 11 min ago | 1.42 bp | 13.6 bp −$14 | 21.6 bp −$216 | 64.2 bp −$6,420 | doesn't fit |
| Sell Deribit live order book, 41 min ago | 3.07 bp | 9.5 bp −$10 | doesn't fit | 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ADAUSDT | −0.1162% | 8h | 0.2455 | −0.134% | $47.5M | $7.6M | 50x | as long as short |
| dYdX ADA-USD | 0.0000% | 1h | 0.2458 | −0.007% | $202K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2455 | −0.118% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.517% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2460 | +0.065% | $2.4M | $996K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2457 | −0.053% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2459 | +0.019% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2458 | 0.000% | $157K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2460 | +0.064% | $104.0M | $407.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2459 | +0.028% | $73.3M | $127.2M | 75x | as long as short |
Phemex ADAUSDT
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Orderly PERP_ADA_USDC
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2460 | +0.069% | $32.7M | $119.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2458 | −0.012% | $100.8M | $61.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2458 | −0.012% | $52.4M | $66.3M | 300x | as long as short |
| KuCoin ADAUSDTMlong | +0.0100% | 8h | 0.2458 | long leg | $29.7M | $16.1M | 75x | |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2460 | +0.069% | $66.8M | $54.0M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2459 | +0.028% | — | $20.2M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2454 | −0.168% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2453 | −0.230% | $66K | $288K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2456 | −0.098% | $292K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2452 | −0.256% | $76K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2459 | +0.008% | $117K | $1.4M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2453 | −0.217% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2458 | −0.006% | $8K | $754K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2457 | −0.073% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2457 | −0.068% | $1.3M | $7.2M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2460 | +0.088% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2459 | +0.044% | $505K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0105% | 8h | 0.2459 | +0.028% | $232K | $7.7M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2458 | −0.012% | $366K | $8.5M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0162% | 1h | 0.2456 | −0.106% | $142K | $486K | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0199% | 1h | 0.2456 | −0.089% | $6.4M | $14.1M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2454 | −0.175% | $4.5M | $5.9M | 75x | as long as short |
| Phoenix ADA | +0.0228% | 1h | 0.2457 | −0.045% | $3K | $111K | 10x | as long as short |
| Reya ADARUSDPERP | +0.0272% | 1h | 0.2457 | −0.071% | $1K | — | 15x | as long as short |
| Hyperliquid ADA | +0.0356% | 1h | 0.2458 | 0.000% | $43.5M | $18.3M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0370% / S −0.0295% | 1h | 0.2456 | −0.113% | $87K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0483% | 1h | 0.2458 | −0.004% | $638K | $738K | 50x |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Paradex ADA-USD-PERP
Extended ADA-USD
Kalshi KXADAPERP
Coinbase International ADA-PERP-INTX
Backpack ADA_USDC_PERP
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Phoenix ADA
Reya ADARUSDPERP
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]