Funding you earn now, next payment 12:00 UTC−0.0168%/8h= −18.4% APRpaid last 24h −0.055%
Price spread now: KuCoin against Reya−0.182%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and KuCoin is 0.182% cheaper against Reya than usual: you would sell low and buy high (−$18 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ADARUSDPERP | 0.2449 | 0.0268 | pay 0.0034% / 1h | 50m 04s | $1K | — | 15x |
| Short | KuCoin ADAUSDTM | 0.2444 | 0.0100 | get 0.0100% / 8h | 4h 50m | $29.3M | $14.8M | 75x |
Reya ADARUSDPERP
KuCoin ADAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin against Reya. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$35.3
- Price spread: −0.182% → 0.000%
- −$18.2
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$71.51
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; KuCoin: 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 Reya no order-book sample | — | — | — | — | — |
| Sell KuCoin live order book, 2 min ago | 1.43 bp | 12.0 bp −$12 | 21.2 bp −$212 | doesn't fit | doesn't fit |
Reya: 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 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ADAUSD | −0.0105% | 1h | 0.2445 | −0.149% | $6.2M | $12.8M | 50x | as long as short |
| dYdX ADA-USD | 0.0000% | 1h | 0.2444 | −0.179% | $206K | $6K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2446 | −0.113% | $206K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2450 | +0.057% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.908% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2446 | −0.109% | $2.4M | $924K | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2450 | +0.034% | $2K | $102K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2444 | −0.194% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2445 | −0.159% | $157K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2445 | −0.166% | $104.9M | $376.4M | 75x | as long as short |
Kraken Futures PF_ADAUSD
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Phoenix ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2443 | −0.235% | $74.1M | $121.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2443 | −0.235% | $32.2M | $104.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2442 | −0.276% | $100.7M | $58.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2443 | −0.235% | $50.6M | $69.2M | 300x | as long as short |
| KuCoin ADAUSDTMshort | +0.0100% | 8h | 0.2444 | −0.182% | $29.3M | $14.8M | 75x | |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2443 | −0.235% | $67.0M | $49.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2444 | −0.194% | — | $18.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2445 | −0.166% | $136K | $445K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2443 | −0.241% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | +0.119% | $65K | $290K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2452 | +0.133% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2453 | +0.173% | $67K | $898K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2449 | +0.018% | $91K | $1.5M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2447 | −0.072% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2448 | −0.037% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2449 | +0.011% | $8K | $657K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2447 | −0.051% | $337 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2444 | −0.207% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2443 | −0.235% | $47.2M | $7.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2445 | −0.153% | $19K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2442 | −0.289% | $540K | $1.7M | 50x | as long as short |
| Hyperliquid ADA | +0.0116% | 1h | 0.2446 | −0.129% | $43.5M | $17.2M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0216% | 1h | 0.2444 | −0.194% | $404K | $7.7M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2445 | −0.153% | $4.6M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERPlong | +0.0268% | 1h | 0.2449 | long leg | $1K | — | 15x | |
| Deribit ADA_USDC-PERPETUAL | +0.0281% | 1h | 0.2448 | −0.015% | $572K | $836K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0367% / S −0.0294% | 1h | 0.2450 | +0.039% | $87K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]