Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Variational Omni+0.147%7-day average +0.008% · you sell dearer than you buy

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

Long on Variational Omni Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)0.000%$0 on $10k

Price spread, last 7 days−0.106%−$11 · spread now +0.147%, 7d avg +0.008%

Together, before fees−0.106%+ Points / potential airdropVariational Omni: Active · farm board−$11 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: KuCoin is 0.139% dearer against Variational Omni than usual: you sell high and buy low, +$14 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Variational Omni ADA	0.2445	0.0100	pay 0.0100% / 8h	2h 34m	$4.2M	$1.0M	—
Short	KuCoin ADAUSDTM	0.2449	0.0100	get 0.0100% / 8h	2h 34m	$30.3M	$18.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Variational Omni. 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 Variational OmnibpFee KuCoinbpOrdersPrice spread, now +0.147%Rate

Funding earned: $0
Price spread: +0.147% → +0.008%: $13.87
Slippage, 4 orders: no order book: not counted
Fee Variational Omni: 0 bp × 2 orders: $0
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $1.87
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: Variational Omni: RFQ quote, 5 min ago; KuCoin: live order book, 5 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 Variational Omni RFQ quote, 5 min ago	6.15 bp	doesn't fit	14.4 bp −$144	doesn't fit	doesn't fit
Sell KuCoin live order book, 5 min ago	0.20 bp	10.3 bp −$10	19.8 bp −$198	doesn't fit	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	0.2448	+0.099%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2447	+0.065%	$153K	$5.9M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2448	+0.114%	$475K	$354K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2449	+0.136%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2447	+0.065%	$407K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.237%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2450	+0.179%	$42.5M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	+0.144%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	+0.171%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	+0.188%	$101.0M	$355.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2449	+0.147%	$70.5M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2449	+0.147%	$31.9M	$105.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	+0.147%	$96.8M	$57.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	+0.147%	$52.4M	$56.5M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2449	+0.147%	$30.3M	$18.3M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2449	+0.147%	$65.6M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2449	+0.147%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	+0.179%	$101K	$411K	15x	as long as short
Variational Omni ADAlong	+0.0100%	8h	0.2445	long leg	$4.2M	$1.0M	—
edgeX ADAUSDC	+0.0100%	4h	0.2442	−0.128%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.105%	$299K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.188%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	+0.163%	$97K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2447	+0.065%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.102%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2449	+0.147%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	+0.065%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2448	+0.100%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2447	+0.065%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2450	+0.194%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	+0.156%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2445	−0.013%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2449	+0.147%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2449	+0.139%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2447	+0.058%	$6.1M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0437% / S −0.0207%	1h	0.2448	+0.117%	$96K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.221%	$838	$131K	12x	as long as short