Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0152%/8h= +16.6% APRpaid last 24h +0.013%

Price spread now: Kraken Futures against Paradex−0.138%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.138% cheaper against Paradex than usual: you would sell low and buy high (spread −0.138% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 3.0 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2466	0.0109	pay 0.0109% / 8h	5h 37m	$21K	$250	20x
Short	Kraken Futures PF_ADAUSD	0.2462	0.0261	get 0.0033% / 1h	37m 26s	$6.3M	$12.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.138%Rate

Funding earned: $31.89
Price spread: −0.138% → 0.000%: −$13.81
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $4.08
Costs to cover: 0.140%
Break-even: 6.1 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 2 min ago. 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 Paradex no order-book sample	—	—	—	—	—
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

Paradex: 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	0.2462	−0.158%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0004%	1h	0.2462	−0.129%	$90K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.221%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2468	+0.100%	$420K	$7.5M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2470	+0.189%	$43.0M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2463	−0.091%	$1.2M	$987K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2463	−0.101%	$158K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2468	+0.090%	$103.6M	$369.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2469	+0.140%	$72.6M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2470	+0.181%	$32.8M	$105.9M	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	0.2462	−0.144%	$98.7M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2462	−0.144%	$55.5M	$56.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2463	−0.119%	$29.7M	$16.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2468	+0.100%	$66.1M	$48.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2463	−0.103%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2462	−0.164%	$127K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2468	+0.100%	$4.3M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	−0.017%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2468	+0.100%	$298K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	+0.019%	$228K	$732K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2469	+0.157%	$95K	$675K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.063%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	−0.040%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	−0.022%	$9K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	−0.067%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2464	−0.076%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2463	−0.103%	$47.9M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2464	−0.069%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2465	−0.022%	$162K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERPlong	+0.0109%	8h	0.2466	long leg	$21K	$250	20x
Lighter ADA	+0.0152%	1h	0.2465	−0.030%	$2.5M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2469	+0.128%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2471	+0.221%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0261%	1h	0.2462	−0.138%	$6.3M	$12.4M	50x
Deribit ADA_USDC-PERPETUAL	+0.0278%	1h	0.2464	−0.046%	$561K	$450K	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2468	+0.099%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2463	−0.110%	$95K	—	100x	as long as short