Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: OKX against KuCoin+0.004%7-day average −0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$42as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$420.419% of the position

Long on KuCoin Short on OKX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.005%−$1 on $10k

Price spread, last 7 days−0.036%−$4 · spread now +0.004%, 7d avg −0.008%

Together, before fees−0.041%−$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2510	0.0100	pay 0.0100% / 8h	3h 53m	$30.3M	$15.1M	75x
Short	OKX ADA-USDT-SWAP	0.2510	0.0100	get 0.0100% / 8h	3h 53m	$33.8M	$108.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

OKX 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 OKXbpOrdersPrice spread, now +0.004%Rate

Funding earned: $0
Price spread: +0.004% → −0.008%: $1.15
Slippage, 4 orders: −$19.95
Fee KuCoin: 6 bp × 2 orders: −$12
Fee OKX: 5 bp × 2 orders: −$10
Net: −$40.79
Costs to cover: 0.419%
Break-even: never at this rate

Slippage from KuCoin: live order book, 6 min ago; OKX: live order book, 6 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, 6 min ago	0.61 bp	15.6 bp −$16	22.8 bp −$228	doesn't fit	doesn't fit
Sell OKX live order book, 6 min ago	2.02 bp	7.0 bp −$7	12.6 bp −$126	52.7 bp −$5,269	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	0.2506	−0.172%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2500	−0.394%	$285K	$6.5M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2512	+0.076%	$89K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2515	+0.203%	$6.5M	$12.6M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.550%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2513	+0.124%	$419K	$8.1M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2510	+0.004%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2507	−0.127%	$163K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2510	+0.004%	$105.8M	$377.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2509	−0.036%	$73.6M	$109.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAPshort	+0.0100%	8h	0.2510	+0.004%	$33.8M	$108.9M	50x
Gate ADA_USDT	+0.0100%	8h	0.2511	+0.044%	$101.8M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2509	−0.036%	$62.3M	$60.1M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2510	long leg	$30.3M	$15.1M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2510	+0.004%	$67.9M	$50.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2510	+0.004%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2489	−0.830%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2494	−0.622%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2488	−0.873%	$292K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2496	−0.554%	$230K	$748K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2509	−0.036%	$98K	$694K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2514	+0.163%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2514	+0.169%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2516	+0.240%	$9K	$733K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2515	+0.183%	$346	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2510	−0.013%	$1.4M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2509	−0.036%	$49.0M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2514	+0.175%	$544K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0115%	8h	0.2507	−0.118%	$21K	$250	20x	as long as short
Lighter ADA	+0.0136%	1h	0.2514	+0.171%	$2.5M	$1.1M	10x	as long as short
Phoenix ADA	+0.0161%	1h	0.2478	−1.267%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2514	+0.163%	$4.6M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2511	+0.064%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0308%	1h	0.2511	+0.060%	$140K	$452K	15x	as long as short
Hyperliquid ADA	+0.0599%	1h	0.2514	+0.159%	$44.5M	$15.6M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0600% / S −0.0547%	1h	0.2511	+0.049%	$135K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0984%	1h	0.2515	+0.199%	$617K	$496K	50x	as long as short