Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 01:00 UTC−0.0052%/8h= −5.7% APRpaid last 24h +0.009%
Price spread now: Kraken Futures against Bitget−0.189%7-day average +0.021% · you buy dearer than you sell
Net, funding: paid 7d − costs−$53as in the Funding arb table
Net, price: spread back to 7d avg − costs−$72as in the Price arb table
costs, in and out, $10k−$510.512% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.022%−$2 on $10k
Price spread, last 3 days (all we have)+0.369%+$37 · spread now −0.189%, 7d avg +0.021%
Together, before fees+0.347%+$35 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Kraken Futures is 0.210% cheaper against Bitget than usual: you would sell low and buy high (−$21 if the spread goes back to its 7-day average of +0.021%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ADAUSDT0.24510.0100pay 0.0100% / 8h7h 54m$65.9M$43.8M75x
ShortKraken Futures PF_ADAUSD0.24460.0048get 0.0006% / 1h54m 42s$6.2M$11.6M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Kraken Futures against Bitget. 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

Funding earned
−$11.01
Price spread: −0.189% → +0.021%
−$21.05
Slippage, 4 orders
−$29.2
Fee Bitget: 6 bp × 2 orders
−$12
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$83.26
Costs to cover
0.512%
Break-even
never at this rate
Slippage from Bitget: live order book, 4 min ago; Kraken Futures: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago2.04 bp11.8 bp −$1217.1 bp −$17129.6 bp −$2,960121.1 bp −$60.6K
Sell Kraken Futures live order book, 4 min ago4.49 bp16.1 bp −$1618.8 bp −$18861.5 bp −$6,146doesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2450−0.060%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2447−0.163%$194K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2446−0.221%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.816%$849$202K12xas long as short
Deribit ADA_USDC-PERPETUAL+0.0036%1h0.2446−0.196%$491K$429K50xas long as short
Gate ADA_USDT+0.0038%8h0.2450−0.041%$97.8M$57.9M75xas long as short
Coinbase International ADA-PERP-INTX+0.0040%1h0.2453+0.082%$407K$7.3M50xas long as short
Kraken Futures PF_ADAUSDshort+0.0048%1h0.2446−0.189%$6.2M$11.6M50x
Lighter ADA+0.0096%1h0.2451+0.008%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2450−0.041%$42.5M$14.3M10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Aster ADAUSDT+0.0100%8h0.2449−0.093%$1.2M$934K75xas long as short
Pacifica ADA+0.0100%1h0.2450−0.044%$157K$145K10xas long as short
Binance ADAUSDT+0.0100%8h0.2450−0.039%$101.4M$366.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2449−0.082%$71.4M$104.0M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2450−0.041%$32.3M$107.2M50xas long as short
MEXC ADA_USDT+0.0100%8h0.2450−0.041%$52.6M$50.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2448−0.106%$30.0M$18.0M75xas long as short
Bitget ADAUSDTlong+0.0100%8h0.2451long leg$65.9M$43.8M75x
BingX ADA-USDC+0.0100%8h0.2450−0.041%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2447−0.155%$108K$418K15xas long as short
Variational Omni ADA+0.0100%8h0.2454+0.129%$4.2M$967Kas long as short
edgeX ADAUSDC+0.0100%4h0.2452+0.030%$65K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2452+0.035%$289K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2452+0.041%$55K$583K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2446−0.200%$94K$642K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2446−0.204%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2446−0.199%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2448−0.123%$9K$769K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2446−0.200%$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2446−0.208%$1.3M$5.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2447−0.163%$47.8M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2451+0.008%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2451−0.019%$553K$1.8M50xas long as short
Phoenix ADA+0.0130%1h0.2453+0.069%$4K$84K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2446−0.204%$4.3M$5.5M75xas long as short
Reya ADARUSDPERP+0.0283%1h0.2446−0.222%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0623% / S −0.0393%1h0.2445−0.243%$141K100xas long as short