Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Pacifica against KuCoin−0.004%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$36as in the Funding arb table

Net, price: spread back to 7d avg − costs−$46as in the Price arb table

costs, in and out, $10k−$440.443% of the position

Long on KuCoin Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.080%+$8 on $10k

Price spread, last 4 days (all we have)+0.044%+$4 · spread now −0.004%, 7d avg +0.009%

Together, before fees+0.124%+ Points / potential airdropPacifica: Active · farm board+$12 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2485	0.0100	pay 0.0100% / 8h	3h 24m	$29.8M	$15.3M	75x
Short	Pacifica ADA	0.2485	0.0100	get 0.0013% / 1h	24m 34s	$160K	$169K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.004%Rate

Funding earned: $0
Price spread: −0.004% → +0.009%: −$1.32
Slippage, 4 orders: −$24.29
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$45.61
Costs to cover: 0.443%
Break-even: never at this rate

Slippage from KuCoin: live order book, 4 min ago; Pacifica: live order book, 28 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, 4 min ago	2.60 bp	12.1 bp −$12	24.2 bp −$242	doesn't fit	doesn't fit
Sell Pacifica live order book, 28 min ago	4.36 bp	11.6 bp −$12	doesn't fit	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	0.2484	−0.068%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2487	+0.060%	$144K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2484	−0.047%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2483	−0.104%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.583%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2485	−0.020%	$384K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2487	+0.060%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2485	−0.011%	$1.2M	$1.0M	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2485	−0.004%	$160K	$169K	10x
Binance ADAUSDT	+0.0100%	8h	0.2486	+0.005%	$106.0M	$384.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2483	−0.101%	$74.8M	$114.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2486	+0.020%	$33.3M	$110.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2484	−0.060%	$100.6M	$61.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2486	+0.020%	$60.2M	$62.2M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2485	long leg	$29.8M	$15.3M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2485	−0.020%	$67.6M	$51.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2486	+0.020%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2486	+0.022%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2491	+0.214%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2503	+0.713%	$293K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2490	+0.181%	$230K	$754K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2485	−0.036%	$94K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2483	−0.101%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2483	−0.089%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2484	−0.062%	$8K	$738K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2483	−0.080%	$342	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2483	−0.112%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2484	−0.060%	$48.4M	$6.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2485	−0.005%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2486	+0.012%	$540K	$1.8M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2492	+0.274%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2486	+0.020%	$4.6M	$5.8M	75x	as long as short
Backpack ADA_USDC_PERP	+0.0251%	1h	0.2484	−0.056%	$136K	$463K	15x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2484	−0.042%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0314%	1h	0.2484	−0.072%	$611K	$533K	50x	as long as short
Hyperliquid ADA	+0.0425%	1h	0.2487	+0.064%	$44.5M	$16.1M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0614% / S −0.0569%	1h	0.2484	−0.072%	$138K	—	100x	as long as short