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 −0.003%

Price spread now: Gate against KuCoin−0.078%7-day average −0.029% · you buy dearer than you sell

Net, funding: paid 7d − costs−$48as in the Funding arb table

Net, price: spread back to 7d avg − costs−$55as in the Price arb table

costs, in and out, $10k−$500.504% of the position

Long on KuCoin Short on Gate

What this pair did over the last

the charts below follow

Funding, last 7 days+0.028%+$3 on $10k

Price spread, last 7 days+0.066%+$7 · spread now −0.078%, 7d avg −0.029%

Together, before fees+0.093%+$9 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: Gate is 0.048% cheaper against KuCoin than usual: you would sell low and buy high, −$5 on $10k if it goes back to its 7-day average of −0.029%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2447	0.0100	pay 0.0100% / 8h	2h 45m	$30.5M	$18.4M	75x
Short	Gate ADA_USDT	0.2445	0.0100	get 0.0100% / 8h	2h 45m	$96.9M	$57.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Gate 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 GatebpOrdersPrice spread, now −0.078%Rate

Funding earned: $0
Price spread: −0.078% → −0.029%: −$4.82
Slippage, 4 orders: −$23.39
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Gate: 7.5 bp × 2 orders: −$15
Net: −$55.21
Costs to cover: 0.504%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Gate: live order book, 4 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, 4 min ago	1.23 bp	14.9 bp −$15	22.9 bp −$229	doesn't fit	doesn't fit
Sell Gate live order book, 4 min ago	2.05 bp	13.5 bp −$14	20.3 bp −$203	81.0 bp −$8,099	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
dYdX ADA-USD	0.0000%	1h	0.2447	+0.021%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2450	+0.127%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	+0.056%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2446	−0.037%	$409K	$7.2M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0077%	1h	0.2449	+0.090%	$476K	$353K	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2449	+0.090%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2448	+0.033%	$42.4M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2447	+0.019%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	+0.017%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2447	+0.010%	$100.7M	$354.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2447	+0.004%	$70.5M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2447	+0.004%	$32.1M	$104.4M	50x	as long as short
Gate ADA_USDTshort	+0.0100%	8h	0.2445	−0.078%	$96.9M	$57.2M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2447	+0.004%	$52.7M	$56.2M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2447	long leg	$30.5M	$18.4M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2447	+0.004%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2447	+0.004%	—	$20.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	+0.074%	$101K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2446	−0.057%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2448	+0.025%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.020%	$286K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2447	+0.004%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	+0.020%	$96K	$679K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2448	+0.045%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.059%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2447	+0.003%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	+0.025%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	−0.003%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2448	+0.045%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2448	+0.044%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2447	−0.005%	$560K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2449	+0.098%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2448	+0.045%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2447	+0.023%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2448	+0.029%	$6.1M	$11.5M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0520% / S −0.0277%	1h	0.2448	+0.048%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.413%	$844	$95K	12x	as long as short