Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0062%/8h= +6.8% APRpaid last 24h +0.016%

Price spread now: Kraken Futures against Paradex−0.039%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Kraken Futures

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

Funding pays, the price is against you. Kraken Futures is 0.039% cheaper against Paradex than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 2.1 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2464	0.0107	pay 0.0107% / 8h	1h 14m	$21K	$250	20x
Short	Kraken Futures PF_ADAUSD	0.2463	0.0169	get 0.0021% / 1h	14m 27s	$6.4M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.039%Rate

Funding earned: $12.97
Price spread: −0.039% → 0.000%: −$3.94
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$4.97
Costs to cover: 0.140%
Break-even: 9.7 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 5 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 5 min ago	2.44 bp	11.2 bp −$11	14.4 bp −$144	48.2 bp −$4,818	doesn't fit

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 36 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	0.2462	−0.063%	$201K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	−0.093%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.302%	$849	$202K	12x	as long as short
dYdX ADA-USD	+0.0038%	1h	0.2462	−0.083%	$203K	$2K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2462	−0.063%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2463	−0.037%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	−0.055%	$158K	$177K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2464	+0.002%	$103.6M	$407.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2463	−0.023%	$73.2M	$124.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2463	−0.023%	$32.8M	$118.7M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2462	−0.063%	$100.8M	$64.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2461	−0.104%	$52.8M	$65.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2462	−0.059%	$29.4M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	−0.104%	$67.0M	$53.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2462	−0.063%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	−0.061%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	−0.235%	$66K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	−0.253%	$293K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2462	−0.063%	$128K	$1.3M	10x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	−0.022%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	−0.043%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	−0.003%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2462	−0.063%	$47.7M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.072%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0107%	8h	0.2464	long leg	$21K	$250	20x
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2461	−0.104%	$380K	$8.4M	50x	as long as short
ApeX Omni ADAUSDT	+0.0126%	1h	0.2457	−0.266%	$79K	$893K	50x	as long as short
Lighter ADA	+0.0144%	1h	0.2464	+0.034%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	−0.250%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0169%	1h	0.2463	−0.039%	$6.4M	$13.9M	50x
Backpack ADA_USDC_PERP	+0.0181%	1h	0.2463	−0.019%	$140K	$484K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	−0.104%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2461	−0.104%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0320%	1h	0.2463	−0.011%	$43.3M	$18.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0441%	1h	0.2463	−0.007%	$629K	$617K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0603% / S −0.0679%	1h	0.2461	−0.112%	$156K	—	100x	as long as short