Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h −0.014%
Price spread now: Extended against KuCoin−0.025%7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$39as in the Funding arb table
Net, price: spread back to 7d avg − costs−$37as in the Price arb table
costs, in and out, $10k−$380.379% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.011%−$1 on $10k
Price spread, last 4 days (all we have)−0.010%−$1 · spread now −0.025%, 7d avg −0.032%
Together, before fees−0.020%+ Points / potential airdropExtended: Active · farm board−$2 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKuCoin ADAUSDTM0.24610.0100pay 0.0100% / 8h1h 35m$30.4M$18.2M75x
ShortExtended ADA-USD0.24600.0104get 0.0013% / 1h35m 45s$558K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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

Funding earned
$0.84
Price spread: −0.025% → −0.032%
$0.72
Slippage, 4 orders
−$20.9
Fee KuCoin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$36.34
Costs to cover
0.379%
Break-even
309.8 days
Slippage from KuCoin: live order book, 3 min ago; Extended: live order book, 3 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy KuCoin live order book, 3 min ago1.22 bp18.8 bp −$1927.2 bp −$272doesn't fitdoesn't fit
Sell Extended live order book, 3 min ago2.02 bp4.5 bp −$57.0 bp −$70doesn't fitdoesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2460−0.041%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2462+0.053%$159K$5.9M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2461−0.003%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0064%1h0.2467+0.256%$418K$7.3M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0075%1h0.2462+0.045%$478K$351K50xas long as short
Kraken Futures PF_ADAUSD+0.0095%1h0.2460−0.031%$6.2M$11.5M50xas long as short
Lighter ADA+0.0096%1h0.2463+0.106%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2461+0.016%$42.6M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2461+0.003%$1.2M$920K75xas long as short
Pacifica ADA+0.0100%1h0.2462+0.055%$157K$146K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2463+0.085%$102.2M$357.1M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2463+0.093%$71.6M$100.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2462+0.053%$31.9M$105.6M50xas long as short
Gate ADA_USDT+0.0100%8h0.2459−0.069%$97.2M$58.1M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2463+0.093%$53.7M$50.5M300xas long as short
KuCoin ADAUSDTMlong+0.0100%8h0.2461long leg$30.4M$18.2M75x
Bitget ADAUSDT+0.0100%8h0.2461+0.012%$65.9M$42.9M75xas long as short
BingX ADA-USDC+0.0100%8h0.2460−0.028%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2460−0.020%$103K$418K15xas long as short
Variational Omni ADA+0.0100%8h0.2473+0.509%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2472+0.467%$66K$279K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2471+0.430%$291K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2474+0.540%$56K$580K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2461−0.004%$97K$623K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2461+0.012%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2462+0.040%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2463+0.094%$9K$757K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2460−0.008%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2461+0.007%$1.3M$5.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2460−0.028%$48.0M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2462+0.073%$21K$25020xas long as short
Extended ADA-USDshort+0.0104%1h0.2460−0.025%$558K$1.8M50x
Phoenix ADA+0.0131%1h0.2472+0.439%$4K$74K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2466+0.215%$4.4M$5.5M75xas long as short
Reya ADARUSDPERP+0.0285%1h0.2461+0.016%$1K15xas long as short
Injective ADA/USDC PERP+0.0288%1h0.2471+0.419%$849$202K12xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0566% / S −0.0313%1h0.2460−0.012%$122K100xas long as short