Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against Polymarket Perps−0.118%7-day average 0.000% · you buy dearer than you sell
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$420.416% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.173%+$17 on $10k
Price spread, last 4 days (all we have)−0.155%−$16 · spread now −0.118%, 7d avg 0.000%
Together, before fees+0.018%+$2 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: KuCoin is 0.118% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of 0.000%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPolymarket Perps ADA-USD0.24600.0100pay 0.0013% / 1h40m 08s$94K$688K10x
ShortKuCoin ADAUSDTM0.24570.0100get 0.0100% / 8h4h 40m$29.7M$15.1M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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

Funding earned
$0
Price spread: −0.118% → 0.000%
−$11.8
Slippage, 4 orders
−$21.64
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$53.44
Costs to cover
0.416%
Break-even
never at this rate
Slippage from Polymarket Perps: live order book, 18 min ago; KuCoin: live order book, 4 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Polymarket Perps live order book, 18 min ago4.29 bp8.3 bp −$89.7 bp −$97doesn't fitdoesn't fit
Sell KuCoin live order book, 4 min ago2.04 bp12.8 bp −$1322.8 bp −$228doesn't fitdoesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2460−0.031%$202K$3K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2459−0.053%$160K$6.3M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2457−0.153%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.435%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2453−0.297%$425K$7.7M50xas long as short
Kraken Futures PF_ADAUSD+0.0092%1h0.2457−0.142%$6.3M$12.8M50xas long as short
Lighter ADA+0.0096%1h0.2458−0.098%$2.4M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2460−0.012%$1.2M$983K75xas long as short
Pacifica ADA+0.0100%1h0.2461+0.033%$160K$162K10xas long as short
Binance ADAUSDT+0.0100%8h0.2456−0.157%$104.0M$372.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2456−0.175%$71.6M$110.9M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2457−0.134%$32.7M$105.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2456−0.175%$98.1M$59.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2456−0.175%$61.2M$60.0M300xas long as short
KuCoin ADAUSDTMshort+0.0100%8h0.2457−0.118%$29.7M$15.1M75x
Bitget ADAUSDT+0.0100%8h0.2457−0.134%$66.1M$50.0M75xas long as short
BingX ADA-USDT+0.0100%8h0.2457−0.134%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2457−0.138%$124K$443K15xas long as short
Variational Omni ADA+0.0100%8h0.2454−0.254%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2453−0.304%$65K$282K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2448−0.500%$289K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2447−0.541%$226K$743K50xas long as short
Polymarket Perps ADA-USDlong+0.0100%1h0.2460long leg$94K$688K10x
Orderly PERP_ADA_USDC+0.0100%8h0.2458−0.093%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2459−0.054%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2463+0.111%$9K$739K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2457−0.114%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2458−0.109%$1.3M$6.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2456−0.175%$47.8M$6.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2458−0.079%$532K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0107%8h0.2461+0.027%$21K$25020xas long as short
Hyperliquid ADA+0.0139%1h0.2457−0.114%$42.7M$14.9M10xas long as short
Phoenix ADA+0.0195%1h0.2454−0.240%$4K$100K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2458−0.093%$4.5M$5.7M75xas long as short
Reya ADARUSDPERP+0.0279%1h0.2459−0.033%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0523%1h0.2460−0.028%$595K$494K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0593% / S −0.0547%1h0.2458−0.102%$132K100xas long as short