Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Binance against KuCoin−0.090%7-day average +0.006% · you buy dearer than you sell

Net, funding: paid 7d − costs−$41as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$420.422% of the position

Long on KuCoin Short on Binance

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 7 days+0.082%+$8 · spread now −0.090%, 7d avg +0.006%

Together, before fees+0.089%+$9 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: Binance is 0.095% cheaper against KuCoin than usual: you would sell low and buy high, −$10 on $10k if it goes back to its 7-day average of +0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2457	0.0100	pay 0.0100% / 8h	7h 41m	$29.5M	$15.9M	75x
Short	Binance ADAUSDT	0.2455	0.0100	get 0.0100% / 8h	7h 41m	$103.8M	$407.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Binance 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 BinancebpOrdersPrice spread, now −0.090%Rate

Funding earned: $0
Price spread: −0.090% → +0.006%: −$9.55
Slippage, 4 orders: −$20.18
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Binance: 5 bp × 2 orders: −$10
Net: −$51.73
Costs to cover: 0.422%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Binance: live order book, 2 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, 7 min ago	0.20 bp	15.1 bp −$15	22.1 bp −$221	63.5 bp −$6,354	doesn't fit
Sell Binance live order book, 2 min ago	2.03 bp	9.2 bp −$9	13.3 bp −$133	31.8 bp −$3,183	92.5 bp −$46.3K

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	0.2458	+0.033%	$190K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	−0.031%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.562%	$849	$202K	12x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	−0.090%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	−0.016%	$157K	$181K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	0.2455	−0.090%	$103.8M	$407.3M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2455	−0.090%	$73.2M	$127.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	−0.090%	$32.7M	$118.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.130%	$100.7M	$61.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	−0.090%	$58.7M	$67.6M	300x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2457	long leg	$29.5M	$15.9M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2455	−0.090%	$66.7M	$54.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2455	−0.090%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	−0.069%	$140K	$486K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.118%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.162%	$66K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.155%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2462	+0.195%	$75K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2459	+0.053%	$117K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2457	−0.008%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.070%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2457	+0.008%	$8K	$753K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	−0.028%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2457	+0.002%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2457	−0.008%	$47.5M	$7.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	−0.135%	$507K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2457	−0.003%	$21K	—	20x	as long as short
Hyperliquid ADA	+0.0151%	1h	0.2456	−0.045%	$43.1M	$18.5M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2456	−0.049%	$366K	$8.5M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2462	+0.212%	$3K	$113K	10x	as long as short
Lighter ADA	+0.0176%	1h	0.2458	+0.016%	$2.4M	$998K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0199%	1h	0.2456	−0.032%	$6.3M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.073%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2458	+0.033%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0361%	1h	0.2459	+0.053%	$638K	$739K	50x	as long as short
dYdX ADA-USD	+0.0366%	1h	0.2457	−0.024%	$202K	$2K	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0370% / S −0.0295%	1h	0.2457	−0.025%	$87K	—	100x	as long as short