Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: KuCoin against Bitget+0.053%7-day average +0.017% · you sell dearer than you buy

Net, funding: paid 7d − costs−$47as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$440.435% of the position

Long on Bitget Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.035%−$3 on $10k

Price spread, last 7 days−0.034%−$3 · spread now +0.053%, 7d avg +0.017%

Together, before fees−0.069%−$7 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 0.035% dearer against Bitget than usual: you sell high and buy low, +$4 on $10k if it goes back to its 7-day average of +0.017%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bitget ADAUSDT	0.2466	0.0100	pay 0.0100% / 8h	7h 30m	$66.2M	$44.0M	75x
Short	KuCoin ADAUSDTM	0.2467	0.0100	get 0.0100% / 8h	7h 30m	$30.2M	$17.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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

Position, each leg$Hold fordaysFee BitgetbpFee KuCoinbpOrdersPrice spread, now +0.053%Rate

Funding earned: $0
Price spread: +0.053% → +0.017%: $3.52
Slippage, 4 orders: −$19.51
Fee Bitget: 6 bp × 2 orders: −$12
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$39.99
Costs to cover: 0.435%
Break-even: never at this rate

Slippage from Bitget: live order book, 4 min ago; KuCoin: live order book, 4 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 Bitget live order book, 4 min ago	2.03 bp	12.0 bp −$12	15.9 bp −$159	33.1 bp −$3,308	124.4 bp −$62.2K
Sell KuCoin live order book, 4 min ago	1.42 bp	10.0 bp −$10	18.8 bp −$188	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	0.2467	+0.047%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2471	+0.203%	$184K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	−0.020%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.203%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2470	+0.162%	$422K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2466	−0.005%	$6.2M	$11.7M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2467	+0.024%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2469	+0.122%	$1.2M	$946K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	+0.103%	$159K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2467	+0.023%	$102.9M	$365.4M	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	0.2466	0.000%	$72.4M	$104.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2466	0.000%	$32.6M	$107.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2466	0.000%	$98.1M	$58.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2466	0.000%	$52.8M	$51.1M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2467	+0.053%	$30.2M	$17.8M	75x
Bitget ADAUSDTlong	+0.0100%	8h	0.2466	long leg	$66.2M	$44.0M	75x
BingX ADA-USDT	+0.0100%	8h	0.2467	+0.041%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2469	+0.122%	$119K	$409K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.167%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	−0.198%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2462	−0.166%	$288K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	0.000%	$56K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	−0.020%	$94K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2466	0.000%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.014%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2469	+0.120%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2467	+0.020%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2472	+0.227%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2468	+0.081%	$48.2M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0103%	8h	0.2469	+0.117%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	−0.021%	$548K	$1.8M	50x	as long as short
Lighter ADA	+0.0112%	1h	0.2470	+0.162%	$2.5M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0158%	1h	0.2468	+0.097%	$43.1M	$14.5M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2472	+0.243%	$4.4M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0277%	1h	0.2467	+0.024%	$496K	$434K	50x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2466	−0.019%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0626% / S −0.0393%	1h	0.2465	−0.039%	$142K	—	100x	as long as short