Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0013%/8h= −1.4% APRpaid last 24h −0.009%

Price spread now: Paradex against Kraken Futures+0.080%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

The price spread pays, funding is against you. Paradex is 0.080% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.080% now, against zero (this spread has no 7-day history yet)): +$8 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 21 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2457	0.0113	pay 0.0014% / 1h	38m 39s	$6.2M	$11.6M	50x
Short	Paradex ADA-USD-PERP	0.2459	0.0100	get 0.0100% / 8h	38m 39s	$21K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 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 Kraken FuturesbpFee ParadexbpOrdersPrice spread, now +0.080%Rate

Funding earned: −$2.71
Price spread: +0.080% → 0.000%: $7.99
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$8.72
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 5 min ago; Paradex: no order-book sample. 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 Kraken Futures live order book, 5 min ago	3.85 bp	12.3 bp −$12	14.3 bp −$143	45.3 bp −$4,535	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: 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	0.2459	+0.060%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2460	+0.102%	$168K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	+0.004%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2461	+0.143%	$406K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	+0.139%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	+0.090%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.035%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	+0.077%	$158K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	+0.076%	$102.2M	$362.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2459	+0.061%	$71.8M	$102.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	+0.061%	$32.4M	$107.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2456	−0.061%	$97.5M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2459	+0.061%	$53.0M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2459	+0.066%	$30.2M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	+0.061%	$66.0M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2459	+0.061%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2458	+0.013%	$109K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.110%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.148%	$66K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.163%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2461	+0.143%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	+0.013%	$95K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.021%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.050%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.019%	$9K	$762K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2458	+0.009%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.025%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.021%	$48.0M	$5.9M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0100%	8h	0.2459	+0.080%	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2457	−0.017%	$557K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0113%	1h	0.2457	long leg	$6.2M	$11.6M	50x
Deribit ADA_USDC-PERPETUAL	+0.0116%	1h	0.2459	+0.049%	$499K	$425K	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2463	+0.208%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.061%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.550%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2458	+0.025%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2458	+0.004%	$122K	—	100x	as long as short