Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against edgeX+0.035%7-day average +0.004% · you sell dearer than you buy

Net, funding: paid 7d − costs−$58as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$490.491% of the position

Long on edgeX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.092%−$9 on $10k

Price spread, last 3 days (all we have)−0.029%−$3 · spread now +0.035%, 7d avg +0.004%

Together, before fees−0.121%+ Points / potential airdropedgeX: Active · farm board−$12 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 0.031% dearer against edgeX than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.004%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX ADAUSDC	0.2452	0.0100	pay 0.0050% / 4h	3h 52m	$65K	$281K	20x
Short	KuCoin ADAUSDTM	0.2453	0.0100	get 0.0100% / 8h	7h 52m	$30.0M	$18.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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 edgeXbpFee KuCoinbpOrdersPrice spread, now +0.035%Rate

Funding earned: $0
Price spread: +0.035% → +0.004%: $3.09
Slippage, 4 orders: −$28.06
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.97
Costs to cover: 0.491%
Break-even: never at this rate

Slippage from edgeX: live order book, 20 min ago; KuCoin: live order book, 6 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 edgeX live order book, 20 min ago	6.14 bp	10.7 bp −$11	28.7 bp −$287	doesn't fit	doesn't fit
Sell KuCoin live order book, 6 min ago	1.43 bp	9.8 bp −$10	18.3 bp −$183	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	0.2452	−0.005%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2453	+0.051%	$194K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	+0.032%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.786%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2452	+0.011%	$407K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2453	+0.032%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2454	+0.092%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2453	+0.039%	$4K	$84K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2453	+0.051%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	+0.058%	$1.2M	$934K	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ADA	+0.0100%	1h	0.2453	+0.051%	$158K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2452	+0.018%	$101.6M	$366.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2451	−0.030%	$71.5M	$104.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	+0.011%	$32.4M	$107.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2451	−0.030%	$97.8M	$58.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	+0.011%	$52.6M	$50.8M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2453	+0.035%	$30.0M	$18.0M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2452	+0.011%	$65.9M	$43.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2453	+0.051%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	+0.084%	$108K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	+0.099%	$4.2M	$967K	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2452	long leg	$65K	$281K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.005%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	+0.011%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	+0.039%	$94K	$642K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	+0.051%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.084%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2453	+0.051%	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	+0.031%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	+0.085%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	+0.051%	$47.9M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2453	+0.051%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	+0.009%	$552K	$1.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2452	+0.011%	$4.4M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0239%	1h	0.2454	+0.076%	$492K	$429K	50x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2453	+0.053%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0393%	1h	0.2453	+0.033%	$141K	—	100x	as long as short