ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.021%

Price spread now: Kraken Futures against Coinbase International+0.257%7-day average +0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$35as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$480.481% of the position

Long on Coinbase International Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.126%+$13 on $10k

Price spread, last 4 days (all we have)−0.126%−$13 · spread now +0.257%, 7d avg +0.032%

Together, before fees0.000%$0 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Kraken Futures is 0.224% dearer against Coinbase International than usual: you sell high and buy low: +$22 more if the spread goes back to its 7-day average of +0.032%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2447	0.0144	pay 0.0018% / 1h	11m 28s	$377K	$8.4M	50x
Short	Kraken Futures PF_ADAUSD	0.2453	0.0279	get 0.0035% / 1h	11m 28s	$6.3M	$14.0M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Coinbase International. 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 Coinbase InternationalbpFee Kraken FuturesbpOrdersPrice spread, now +0.257%Rate

Funding earned: $28.44
Price spread: +0.257% → +0.032%: $22.45
Slippage, 4 orders: −$28.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $2.82
Costs to cover: 0.481%
Break-even: 6.3 days

Slippage from Coinbase International: live order book, 3 min ago; Kraken Futures: live order book, 3 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 Coinbase International live order book, 3 min ago	6.12 bp	11.5 bp −$12	19.2 bp −$192	94.9 bp −$9,494	doesn't fit
Sell Kraken Futures live order book, 3 min ago	2.86 bp	12.9 bp −$13	15.3 bp −$153	44.7 bp −$4,468	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	0.2453	+0.251%	$202K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	+0.224%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.981%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2455	+0.347%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	+0.286%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	+0.300%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2454	+0.296%	$157K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	+0.299%	$103.7M	$407.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2453	+0.245%	$73.1M	$126.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	+0.245%	$32.6M	$118.8M	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	0.2453	+0.245%	$100.2M	$65.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2453	+0.245%	$52.3M	$66.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.274%	$29.6M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2453	+0.245%	$66.6M	$54.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2453	+0.245%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	+0.278%	$141K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.046%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2449	+0.077%	$66K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	+0.286%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2456	+0.368%	$76K	$895K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.286%	$124K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.304%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.326%	$8K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.270%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	+0.296%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	+0.245%	$47.5M	$7.6M	50x	as long as short
Kalshi KXADAPERP	+0.0104%	8h	0.2454	+0.286%	$232K	$7.7M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2454	+0.295%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	+0.262%	$503K	$1.8M	50x	as long as short
Hyperliquid ADA	+0.0137%	1h	0.2456	+0.384%	$43.4M	$18.2M	10x	as long as short
Coinbase International ADA-PERP-INTXlong	+0.0144%	1h	0.2447	long leg	$377K	$8.4M	50x
BloFin ADA-USDT	+0.0220%	8h	0.2455	+0.327%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2451	+0.155%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2454	+0.269%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0279%	1h	0.2453	+0.257%	$6.3M	$14.0M	50x
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2454	+0.285%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0484%	1h	0.2455	+0.331%	$625K	$614K	50x	as long as short