Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: ApeX Omni against KuCoin+0.564%52s7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$43as 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−$500.499% of the position

Long on KuCoin Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 4 days (all we have)−0.540%−$54 · spread now +0.564%, 7d avg +0.012%

Together, before fees−0.467%−$47 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: ApeX Omni is 0.552% dearer against KuCoin than usual: you sell high and buy low, +$55 on $10k if it goes back to its 7-day average of +0.012%. The two prices were read 52 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	KuCoin ADAUSDTM	0.2411	0.0100	pay 0.0100% / 8h	2h 26m	$28.9M	$15.7M	75x
Short	ApeX Omni ADAUSDT	0.2425	0.0100	get 0.0013% / 1h	26m 33s	$87K	$880K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against KuCoin. 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 KuCoinbpFee ApeX OmnibpOrdersPrice spread, now +0.564%Rate

Funding earned: $0
Price spread: +0.564% → +0.012%: $55.18
Slippage, 4 orders: −$27.9
Fee KuCoin: 6 bp × 2 orders: −$12
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $5.28
Costs to cover: 0.499%
Break-even: from the start

Slippage from KuCoin: live order book, 2 min ago; ApeX Omni: live order book, 22 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 KuCoin live order book, 2 min ago	2.27 bp	14.1 bp −$14	26.2 bp −$262	71.1 bp −$7,112	doesn't fit
Sell ApeX Omni live order book, 22 min ago	4.04 bp	12.8 bp −$13	44.4 bp −$444	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
Kalshi KXADAPERP	0.0000%	8h	0.2412	+0.025%	$186K	$7.4M	3.2x	as long as short
dYdX ADA-USD	+0.0002%	1h	0.2411	−0.009%	$198K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2406	−0.209%	$82K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2407	−0.189%	$6.1M	$13.6M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2421	+0.382%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+2.472%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2412	+0.029%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2414	+0.100%	$41.5M	$17.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2413	+0.066%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2412	+0.017%	$154K	$176K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2415	+0.136%	$101.0M	$406.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2413	+0.066%	$70.7M	$122.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2413	+0.066%	$32.0M	$115.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2412	+0.025%	$98.1M	$64.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2412	+0.025%	$52.7M	$64.7M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2411	long leg	$28.9M	$15.7M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2414	+0.108%	$65.6M	$53.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2413	+0.066%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2408	−0.149%	$116K	$471K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2416	+0.196%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2423	+0.497%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2424	+0.539%	$284K	$4.0M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2425	+0.564%	$87K	$880K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2412	+0.037%	$125K	$889K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2406	−0.224%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2406	−0.212%	$39K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2409	−0.101%	$8K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2408	−0.129%	$331	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2411	−0.017%	$1.3M	$6.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2409	−0.100%	$46.9M	$7.1M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2413	+0.078%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2412	+0.038%	$516K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2405	−0.265%	$369K	$8.2M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2407	−0.182%	$4.4M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2414	+0.109%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0373%	1h	0.2409	−0.120%	$593K	$552K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0638% / S −0.0618%	1h	0.2406	−0.218%	$142K	—	100x	as long as short