Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0160%/8h= +17.5% APRpaid last 24h +0.013%

Price spread now: Kraken Futures against MEXC+0.064%51s7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as 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−$340.342% of the position

Long on MEXC Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.023%+$2 on $10k

Price spread, last 4 days (all we have)+0.350%+$35 · spread now +0.064%, 7d avg +0.019%

Together, before fees+0.373%+$37 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.045% dearer against MEXC than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 51 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	MEXC ADA_USDT	0.2472	0.0100	pay 0.0100% / 8h	5h 27m	$58.9M	$58.3M	300x
Short	Kraken Futures PF_ADAUSD	0.2474	0.0260	get 0.0032% / 1h	27m 24s	$6.3M	$12.5M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against MEXC. 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 MEXCbpFee Kraken FuturesbpOrdersPrice spread, now +0.064%Rate

Funding earned: $33.51
Price spread: +0.064% → +0.019%: $4.47
Slippage, 4 orders: −$24.2
Fee MEXC: 0 bp × 2 orders: $0
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: $3.77
Costs to cover: 0.342%
Break-even: 6.2 days

Slippage from MEXC: live order book, 2 min ago; Kraken Futures: 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 MEXC live order book, 2 min ago	4.05 bp	4.0 bp −$4	5.0 bp −$50	20.2 bp −$2,017	56.5 bp −$28.2K
Sell Kraken Futures live order book, 2 min ago	2.83 bp	12.8 bp −$13	15.8 bp −$158	56.1 bp −$5,607	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	0.2471	−0.041%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2470	−0.067%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.040%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2473	+0.040%	$412K	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2473	+0.049%	$43.0M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2472	0.000%	$1.2M	$993K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2473	+0.032%	$159K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2471	−0.024%	$104.6M	$371.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2470	−0.081%	$72.5M	$109.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	+0.040%	$33.0M	$106.2M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2471	−0.040%	$99.1M	$59.7M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2472	long leg	$58.9M	$58.3M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	−0.024%	$29.8M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2472	0.000%	$66.3M	$48.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2471	−0.040%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2473	+0.057%	$129K	$424K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2478	+0.242%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2480	+0.304%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2478	+0.252%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	+0.243%	$229K	$734K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2472	−0.012%	$96K	$676K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	−0.040%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2472	−0.019%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2473	+0.040%	$9K	$748K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2473	+0.040%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2470	−0.081%	$1.3M	$6.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2473	+0.040%	$48.1M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2472	+0.014%	$537K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2473	+0.040%	$147K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2473	+0.026%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2480	+0.340%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2475	+0.109%	$2.5M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2479	+0.283%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0260%	1h	0.2474	+0.064%	$6.3M	$12.5M	50x
Reya ADARUSDPERP	+0.0280%	1h	0.2471	−0.043%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2470	−0.072%	$96K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0599%	1h	0.2475	+0.117%	$585K	$444K	50x	as long as short