Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: HTX against KuCoin−0.116%7-day average +0.007% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$62as in the Price arb table

costs, in and out, $10k−$500.495% of the position

Long on KuCoin Short on HTX

What this pair did over the last

the charts below follow

Funding, last 7 days+0.070%+$7 on $10k

Price spread, last 4 days (all we have)+0.490%+$49 · spread now −0.116%, 7d avg +0.007%

Together, before fees+0.559%+$56 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: HTX is 0.123% cheaper against KuCoin than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.007%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2455	0.0100	pay 0.0100% / 8h	7h 37m	$29.4M	$15.9M	75x
Short	HTX ADA-USDT	0.2452	0.0100	get 0.0100% / 8h	7h 37m	$1.3M	$7.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

HTX 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 HTXbpOrdersPrice spread, now −0.116%Rate

Funding earned: $0
Price spread: −0.116% → +0.007%: −$12.28
Slippage, 4 orders: −$25.53
Fee KuCoin: 6 bp × 2 orders: −$12
Fee HTX: 6 bp × 2 orders: −$12
Net: −$61.81
Costs to cover: 0.495%
Break-even: never at this rate

Slippage from KuCoin: live order book, 11 min ago; HTX: 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, 11 min ago	0.20 bp	15.1 bp −$15	22.1 bp −$221	63.5 bp −$6,354	doesn't fit
Sell HTX live order book, 1 min ago	2.65 bp	11.3 bp −$11	23.0 bp −$230	51.3 bp −$5,130	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
Kalshi KXADAPERP	0.0000%	8h	0.2453	−0.077%	$196K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	−0.020%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.656%	$849	$202K	12x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	+0.064%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	−0.117%	$157K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2457	+0.086%	$103.9M	$407.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2456	+0.045%	$73.2M	$127.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	+0.126%	$32.7M	$118.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.037%	$100.3M	$62.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	+0.004%	$58.7M	$67.8M	300x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2455	long leg	$29.4M	$15.9M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2456	+0.045%	$66.7M	$53.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2456	+0.045%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.081%	$141K	$486K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.074%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	+0.006%	$66K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2458	+0.126%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	+0.004%	$75K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	+0.004%	$116K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	+0.004%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	−0.005%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.029%	$8K	$753K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	+0.024%	$338	$13K	10x	as long as short
HTX ADA-USDTshort	+0.0100%	8h	0.2452	−0.116%	$1.3M	$7.2M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2455	+0.004%	$47.5M	$7.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	+0.060%	$527K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2452	−0.104%	$21K	—	20x	as long as short
Hyperliquid ADA	+0.0117%	1h	0.2457	+0.098%	$43.1M	$18.5M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2454	−0.037%	$367K	$8.5M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2459	+0.179%	$3K	$113K	10x	as long as short
Lighter ADA	+0.0176%	1h	0.2457	+0.086%	$2.4M	$1.0M	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0199%	1h	0.2456	+0.037%	$6.3M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.045%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2455	−0.015%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0369% / S −0.0295%	1h	0.2454	−0.035%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0524%	1h	0.2457	+0.069%	$637K	$739K	50x	as long as short
dYdX ADA-USD	+0.0566%	1h	0.2452	−0.114%	$202K	$2K	10x	as long as short