ADA

Alert

Funding spread now, next payment 14:00 UTC+0.0205%/8h

next payment, per $10,000+$0.26paid, last 24h−0.003%paid, last 7 days−0.076%to open and close $10k−$43

Long on Kraken Futures Short on Coinbase International

The current rate is far above what this pair has been paying: over the last 7 days it paid -0.076% in total (about -3.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.26 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2422	−0.0069	get 0.0009% / 1h	41m 49s	$5.9M	$11.2M	50x
Short	Coinbase International ADA-PERP-INTX	0.2416	0.0136	get 0.0017% / 1h	41m 49s	$450K	$6.4M	50x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee Kraken FuturesbpFee Coinbase InternationalbpOrdersRate

Funding earned: $43.13
Slippage, 4 orders: −$22.82
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $0.32
Break-even: 6.9 days

Slippage from Kraken Futures: live order book, 4 min ago; Coinbase International: live order book, 4 min ago.

Price risk

price view

Price gap now: −0.245%
Avg gap 7d: −0.031%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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	2.07 bp	12.8 bp −$13	16.4 bp −$164	55.2 bp −$5,518	doesn't fit
Sell Coinbase International live order book, 4 min ago	4.13 bp	10.2 bp −$10	19.4 bp −$194	doesn't fit	doesn't fit

ADA on 36 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ADAUSDlong	−0.0069%	1h	$5.9M	$11.2M	50x
dYdX ADA-USD	0.0000%	1h	$200K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	$152K	$5.5M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	$784	$95K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0039%	1h	$453K	$356K	50x	as long as short
Phoenix ADA	+0.0066%	1h	$4K	$103K	10x	as long as short
Gate ADA_USDT	+0.0081%	8h	$92.7M	$55.9M	75x	as long as short
Lighter ADA	+0.0096%	1h	$2.3M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	$41.4M	$16.4M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ADAUSDT	+0.0100%	8h	$1.1M	$1.3M	75x	as long as short
Pacifica ADA	+0.0100%	1h	$158K	$174K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	$100.7M	$346.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	$69.5M	$108.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	$32.1M	$102.5M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	$51.1M	$60.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	$29.9M	$20.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	$63.2M	$45.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	$105K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	$64K	$354K	20x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	$95K	$343K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	$92K	$719K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	$6K	$38K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	$333	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	$1.3M	$4.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	$47.4M	$5.7M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	$635K	$1.5M	50x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0136%	1h	$450K	$6.4M	50x
BloFin ADA-USDT	+0.0220%	8h	$4.5M	$6.0M	75x	as long as short
Reya ADARUSDPERP	+0.0296%	1h	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0542% / S −0.0369%	1h	$106K	—	100x	as long as short