Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h +0.029%

Price spread now: KuCoin against gTrade (Gains Network)+0.078%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on gTrade (Gains Network)Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and KuCoin is 0.078% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$8 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ADA/USD	0.2449	L +0.0005% / S −0.0003%	pay 0.0001% / 1h	36m 01s	$84K	—	150x
Short	KuCoin ADAUSDTM	0.2451	0.0100	get 0.0100% / 8h	4h 36m	$29.6M	$15.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee KuCoinbpOrdersPrice spread, now +0.078%Rate

Funding earned: $20.01
Price spread: +0.078% → 0.000%: $7.84
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: $5.84
Costs to cover: 0.220%
Break-even: 5.0 days

Slippage unknown: gTrade (Gains Network): no order-book sample; KuCoin: live order book, 3 min ago. Net counts fees only.

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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 3 min ago	1.43 bp	10.0 bp −$10	19.0 bp −$190	doesn't fit	doesn't fit

gTrade (Gains Network): no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	+0.157%	$202K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2454	+0.189%	$160K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USDlong	L +0.0005% / S −0.0003%	1h	0.2449	long leg	$84K	—	150x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.883%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2449	−0.016%	$424K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2452	+0.090%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2454	+0.201%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	+0.076%	$1.2M	$984K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2454	+0.172%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	+0.181%	$103.8M	$371.0M	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	0.2452	+0.107%	$71.5M	$109.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	+0.189%	$32.7M	$104.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2451	+0.066%	$97.9M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	+0.107%	$60.9M	$60.0M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2451	+0.078%	$29.6M	$15.1M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2454	+0.189%	$66.0M	$49.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2452	+0.107%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	+0.180%	$124K	$441K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−0.013%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	+0.250%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	+0.184%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	+0.148%	$226K	$743K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	+0.054%	$94K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	+0.025%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2451	+0.072%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2451	+0.067%	$9K	$736K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	+0.095%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2452	+0.127%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	+0.107%	$47.8M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	+0.041%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2452	+0.103%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0151%	1h	0.2455	+0.238%	$42.6M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2455	+0.238%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.270%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2450	+0.005%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0485%	1h	0.2452	+0.095%	$595K	$493K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0593% / S −0.0547%	1h	0.2449	0.000%	$132K	—	100x	as long as short