Funding you earn now, next payment 08:00 UTC+0.0175%/8h= +19.2% APRnext payment +$0.22 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against Extended+0.066%7-day average +0.037% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$330.328% of the position
Funding, last 7 days+0.050%+$5 on $10k
+Price spread, last 4 days (all we have)+0.085%+$8 · spread now +0.066%, 7d avg +0.037%
=Together, before fees+0.135%+ Points / potential airdropExtended: Active · farm board+$14 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.029% dearer against Extended than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.037%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ADA-USD | 0.2454 | 0.0104 | pay 0.0013% / 1h | 11m 11s | $503K | $1.8M | 50x |
| Short | Kraken Futures PF_ADAUSD | 0.2456 | 0.0279 | get 0.0035% / 1h | 11m 11s | $6.3M | $14.0M | 50x |
Extended ADA-USD
Kraken Futures PF_ADAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures against Extended. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $36.78
- Price spread: +0.066% → +0.037%
- $2.93
- Slippage, 4 orders
- −$17.82
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $6.9
- Costs to cover
- 0.328%
- Break-even
- 5.7 days
Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago | 2.04 bp | 4.5 bp −$5 | 9.8 bp −$98 | doesn't fit | 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 | −0.031% | $202K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2452 | −0.058% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.696% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2457 | +0.118% | $2.4M | $1.0M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | +0.004% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2456 | +0.085% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2454 | +0.013% | $157K | $180K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2456 | +0.104% | $103.8M | $407.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2455 | +0.044% | $73.1M | $126.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2456 | +0.085% | $32.6M | $118.9M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Orderly PERP_ADA_USDC
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow 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 | −0.037% | $100.2M | $65.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2456 | +0.085% | $52.3M | $66.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2454 | −0.009% | $29.6M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | +0.004% | $66.6M | $54.0M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2453 | −0.037% | — | $20.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2454 | −0.005% | $141K | $485K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2448 | −0.236% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2449 | −0.205% | $66K | $289K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2454 | +0.004% | $291K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2456 | +0.085% | $76K | $895K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | +0.004% | $124K | $1.3M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | +0.021% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2454 | +0.002% | $8K | $756K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2455 | +0.024% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2457 | +0.120% | $1.3M | $7.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2455 | +0.044% | $47.5M | $7.6M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2454 | +0.012% | $21K | $250 | 20x | as long as short |
| Extended ADA-USDlong | +0.0104% | 1h | 0.2454 | long leg | $503K | $1.8M | 50x | |
| Kalshi KXADAPERP | +0.0105% | 8h | 0.2455 | +0.044% | $225K | $7.7M | 3.2x | as long as short |
| Hyperliquid ADA | +0.0137% | 1h | 0.2456 | +0.101% | $43.4M | $18.2M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0144% | 1h | 0.2453 | −0.037% | $378K | $8.4M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2454 | +0.004% | $4.5M | $5.9M | 75x | as long as short |
| Phoenix ADA | +0.0228% | 1h | 0.2451 | −0.127% | $2K | $112K | 10x | as long as short |
| Reya ADARUSDPERP | +0.0273% | 1h | 0.2454 | −0.013% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSDshort | +0.0279% | 1h | 0.2456 | +0.066% | $6.3M | $14.0M | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0370% / S −0.0295% | 1h | 0.2455 | +0.037% | $87K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0606% | 1h | 0.2456 | +0.069% | $649K | $614K | 50x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Kalshi KXADAPERP
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Phoenix ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL