Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRnext payment −$0.02 per $10,000 · paid last 24h −0.009%
Price spread now: ApeX Omni against Kraken Futures+0.407%75s7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$49as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$540.542% of the position
Funding, last 7 days+0.051%+$5 on $10k
+Price spread, last 3 days (all we have)−0.732%−$73 · spread now +0.407%, 7d avg −0.003%
=The price spread pays, funding is against you. ApeX Omni is 0.411% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.407% now, against its 7-day average of −0.003%): +$41 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 4 months. Mind the row above: over the last 7 days funding on this pair paid +0.051%, so the current rate has only just turned against you. The two prices were read 75 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2459 | 0.0113 | pay 0.0014% / 1h | 40m 18s | $6.2M | $11.6M | 50x |
| Short | ApeX Omni ADAUSDT | 0.2469 | 0.0100 | get 0.0013% / 1h | 40m 18s | $56K | $582K | 50x |
Kraken Futures PF_ADAUSD
ApeX Omni ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Kraken Futures. 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
- −$2.74
- Price spread: +0.407% → −0.003%
- $41.08
- Slippage, 4 orders
- −$34.2
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$15.86
- Costs to cover
- 0.542%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 4 min ago; ApeX Omni: live order book, 37 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 Kraken Futures live order book, 4 min ago | 3.85 bp | 12.3 bp −$12 | 14.3 bp −$143 | 45.3 bp −$4,535 | doesn't fit |
| Sell ApeX Omni live order book, 37 min ago | 6.10 bp | 15.1 bp −$15 | 44.1 bp −$441 | 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 | 0.2458 | −0.052% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2462 | +0.123% | $168K | $6.0M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2460 | +0.024% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2461 | +0.082% | $406K | $7.3M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2461 | +0.070% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2461 | +0.074% | $42.6M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2460 | +0.043% | $1.2M | $924K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2459 | +0.018% | $158K | $144K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2460 | +0.041% | $102.3M | $362.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2459 | +0.001% | $71.8M | $102.7M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2460 | +0.041% | $32.4M | $107.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2458 | −0.040% | $97.6M | $59.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2459 | +0.001% | $53.0M | $50.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2460 | +0.025% | $30.2M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2460 | +0.041% | $66.0M | $43.2M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2460 | +0.041% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2461 | +0.082% | $109K | $415K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2460 | +0.049% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2468 | +0.373% | $66K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2464 | +0.187% | $291K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDTshort | +0.0100% | 1h | 0.2469 | +0.407% | $56K | $582K | 50x | |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2459 | +0.017% | $95K | $626K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2459 | +0.001% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2460 | +0.034% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2460 | +0.040% | $9K | $762K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2460 | +0.021% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2459 | +0.014% | $1.3M | $5.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2459 | +0.001% | $48.0M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2459 | +0.019% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2459 | +0.004% | $557K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSDlong | +0.0113% | 1h | 0.2459 | long leg | $6.2M | $11.6M | 50x | |
| Deribit ADA_USDC-PERPETUAL | +0.0116% | 1h | 0.2460 | +0.045% | $499K | $425K | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2463 | +0.147% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2462 | +0.123% | $4.4M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +0.489% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2459 | +0.005% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0566% / S −0.0313% | 1h | 0.2459 | −0.002% | $122K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Deribit ADA_USDC-PERPETUAL
Phoenix ADA
BloFin ADA-USDT
Injective ADA/USDC PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]