Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0160%/8h= +17.6% APRpaid last 24h +0.013%

Price spread now: Kraken Futures against MEXC−0.364%7-day average +0.019% · you buy dearer than you sell

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs−$70as in the Price arb table

costs, in and out, $10k−$310.312% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.778%+$78 · spread now −0.364%, 7d avg +0.019%

Together, before fees+0.802%+$80 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.383% cheaper against MEXC than usual: you would sell low and buy high (spread −0.364% now, against its 7-day average of +0.019%). If the spread goes back, that is −$38 on $10k: about 8.0 days of funding at the current rate (+$5 a day). At the pace of the last 7 days (+0.023% in total) that is about 4 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2475	0.0100	pay 0.0100% / 8h	5h 36m	$56.6M	$57.1M	300x
Short	Kraken Futures PF_ADAUSD	0.2466	0.0260	get 0.0033% / 1h	36m 37s	$6.3M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now −0.364%Rate

Funding earned: $33.68
Price spread: −0.364% → +0.019%: −$38.34
Slippage, 4 orders: −$21.2
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$35.87
Costs to cover: 0.312%
Break-even: 14.5 days

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: live order book, 2 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 MEXC live order book, 2 min ago	2.03 bp	2.0 bp −$2	4.3 bp −$43	13.2 bp −$1,317	53.9 bp −$26.9K
Sell Kraken Futures live order book, 2 min ago	2.63 bp	13.7 bp −$14	15.6 bp −$156	57.5 bp −$5,749	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	0.2474	−0.060%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2467	−0.310%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.162%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2460	−0.606%	$419K	$7.5M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2471	−0.172%	$43.0M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2474	−0.049%	$1.2M	$988K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2476	+0.029%	$159K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2476	+0.060%	$104.4M	$369.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2475	0.000%	$72.9M	$108.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2476	+0.040%	$32.9M	$106.2M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2474	−0.040%	$99.1M	$59.2M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2475	long leg	$56.6M	$57.1M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2474	−0.053%	$29.8M	$16.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2476	+0.040%	$66.3M	$48.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2476	+0.040%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2468	−0.275%	$127K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2468	−0.282%	$4.3M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	−0.399%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2468	−0.283%	$298K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	−0.364%	$228K	$732K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2469	−0.226%	$95K	$675K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2466	−0.364%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2467	−0.321%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2464	−0.444%	$9K	$746K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2466	−0.347%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	−0.360%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	−0.323%	$48.0M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2475	+0.013%	$537K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2464	−0.444%	$162K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2476	+0.060%	$21K	$250	20x	as long as short
Lighter ADA	+0.0128%	1h	0.2478	+0.121%	$2.5M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2469	−0.255%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2469	−0.242%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0260%	1h	0.2466	−0.364%	$6.3M	$12.4M	50x
Reya ADARUSDPERP	+0.0280%	1h	0.2468	−0.284%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0399%	1h	0.2468	−0.295%	$562K	$450K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2467	−0.328%	$95K	—	100x	as long as short