Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against KuCoin+0.052%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. gTrade (Gains Network) is 0.052% dearer against KuCoin than usual: you sell high and buy low (spread +0.052% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 43 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2467	0.0100	pay 0.0100% / 8h	2h 53m	$29.6M	$15.4M	75x
Short	gTrade (Gains Network) ADA/USD	0.2468	L +0.0005% / S −0.0003%	get 0.0000% / 1h	53m 16s	$84K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now +0.052%Rate

Funding earned: −$20.35
Price spread: +0.052% → 0.000%: $5.19
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$37.16
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 11 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.

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	3.44 bp	11.1 bp −$11	20.5 bp −$205	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2466	−0.041%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2467	−0.004%	$140K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2468	+0.052%	$84K	—	150x
Kraken Futures PF_ADAUSD	+0.0019%	1h	0.2470	+0.111%	$6.3M	$13.3M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2471	+0.150%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.158%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2471	+0.174%	$2.4M	$986K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2470	+0.097%	$43.9M	$16.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2469	+0.083%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2468	+0.024%	$158K	$170K	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	0.2470	+0.127%	$104.0M	$393.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2469	+0.077%	$73.4M	$117.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2470	+0.118%	$33.0M	$112.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2468	+0.036%	$99.9M	$62.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2469	+0.077%	$59.0M	$62.5M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2467	long leg	$29.6M	$15.4M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2470	+0.118%	$67.1M	$51.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2469	+0.077%	—	$19.9M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.120%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2469	+0.063%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2471	+0.168%	$289K	$4.0M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2469	+0.093%	$94K	$635K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2469	+0.077%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2469	+0.082%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2470	+0.118%	$8K	$748K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2469	+0.081%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2469	+0.067%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2469	+0.077%	$48.1M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2468	+0.021%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2469	+0.070%	$534K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2469	+0.077%	$409K	$8.3M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0112%	1h	0.2466	−0.049%	$123K	$456K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2469	+0.077%	$4.5M	$5.8M	75x	as long as short
ApeX Omni ADAUSDT	+0.0245%	1h	0.2470	+0.118%	$228K	$758K	50x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2470	+0.097%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0398%	1h	0.2471	+0.146%	$607K	$534K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0585%	1h	0.2468	+0.043%	$140K	—	100x	as long as short