Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%

Price spread now: KuCoin against Extended−0.001%7-day average +0.056% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$42as in the Price arb table

costs, in and out, $10k−$360.363% of the position

Long on Extended Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.008%+$1 on $10k

Price spread, last 7 days+0.072%+$7 · spread now −0.001%, 7d avg +0.056%

Together, before fees+0.080%+ Points / potential airdropExtended: Active · farm board+$8 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 0.057% cheaper against Extended than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.056%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2438	0.0104	pay 0.0013% / 1h	28m 48s	$512K	$1.8M	50x
Short	KuCoin ADAUSDTM	0.2438	0.0100	get 0.0100% / 8h	1h 28m	$29.4M	$15.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Extended. 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 ExtendedbpFee KuCoinbpOrdersPrice spread, now −0.001%Rate

Funding earned: −$0.84
Price spread: −0.001% → +0.056%: −$5.67
Slippage, 4 orders: −$19.34
Fee Extended: 2.5 bp × 2 orders: −$5
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$42.85
Costs to cover: 0.363%
Break-even: never at this rate

Slippage from Extended: live order book, 5 min ago; KuCoin: live order book, 10 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, 5 min ago	2.05 bp	4.5 bp −$5	6.8 bp −$68	doesn't fit	doesn't fit
Sell KuCoin live order book, 10 min ago	1.03 bp	12.6 bp −$13	19.5 bp −$195	58.2 bp −$5,822	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
Kalshi KXADAPERP	0.0000%	8h	0.2440	+0.086%	$200K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2438	−0.014%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.357%	$849	$202K	12x	as long as short
dYdX ADA-USD	+0.0059%	1h	0.2437	−0.034%	$200K	$2K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	+0.086%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	+0.074%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2442	+0.147%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2439	+0.060%	$102.6M	$408.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2438	+0.003%	$72.3M	$124.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2438	+0.003%	$32.4M	$117.4M	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	0.2437	−0.038%	$99.6M	$64.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2438	+0.003%	$52.8M	$64.9M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2438	−0.001%	$29.4M	$15.9M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2438	+0.003%	$66.3M	$53.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2439	+0.045%	—	$20.3M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	+0.007%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2439	+0.057%	$65K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	+0.047%	$291K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	+0.168%	$80K	$891K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2441	+0.118%	$127K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2436	−0.066%	$39K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.209%	$8K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2439	+0.024%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2441	+0.121%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2438	+0.003%	$47.3M	$7.5M	50x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2438	long leg	$512K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0106%	8h	0.2443	+0.226%	$20K	$250	20x	as long as short
Lighter ADA	+0.0112%	1h	0.2440	+0.102%	$2.4M	$1.0M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2442	+0.168%	$380K	$8.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0158%	1h	0.2439	+0.024%	$138K	$483K	15x	as long as short
Phoenix ADA	+0.0163%	1h	0.2440	+0.073%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2438	+0.020%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2439	+0.045%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2438	+0.004%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0276%	1h	0.2440	+0.094%	$42.9M	$18.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0570%	1h	0.2442	+0.147%	$624K	$617K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0630% / S −0.0728%	1h	0.2438	+0.006%	$164K	—	100x	as long as short