Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against Bybit−0.037%7-day average +0.008% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

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

costs, in and out, $10k−$410.412% of the position

Long on Bybit Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.021%−$2 on $10k

Price spread, last 7 days+0.062%+$6 · spread now −0.037%, 7d avg +0.008%

Together, before fees+0.041%+$4 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 0.045% cheaper against Bybit than usual: you would sell low and buy high, −$4 on $10k if it goes back to its 7-day average of +0.008%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Bybit ADAUSDT	0.2459	0.0100	pay 0.0100% / 8h	1h 05m	$71.6M	$102.0M	75x
Short	KuCoin ADAUSDTM	0.2458	0.0100	get 0.0100% / 8h	1h 05m	$30.2M	$18.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Bybit. 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 BybitbpFee KuCoinbpOrdersPrice spread, now −0.037%Rate

Funding earned: $0
Price spread: −0.037% → +0.008%: −$4.47
Slippage, 4 orders: −$18.15
Fee Bybit: 5.5 bp × 2 orders: −$11
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$45.62
Costs to cover: 0.412%
Break-even: never at this rate

Slippage from Bybit: live order book, 9 min ago; KuCoin: live order book, 3 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 Bybit live order book, 9 min ago	2.04 bp	7.5 bp −$8	11.5 bp −$115	30.5 bp −$3,047	137.9 bp −$69.0K
Sell KuCoin live order book, 3 min ago	1.22 bp	12.6 bp −$13	19.7 bp −$197	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	0.2457	−0.095%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2459	0.000%	$171K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2459	−0.018%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2453	−0.244%	$411K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2459	+0.007%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2459	−0.008%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	+0.061%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	−0.029%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	−0.070%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2460	+0.041%	$102.2M	$360.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDTlong	+0.0100%	8h	0.2459	long leg	$71.6M	$102.0M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2460	+0.041%	$31.9M	$106.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2457	−0.081%	$97.1M	$59.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2459	0.000%	$52.2M	$51.2M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2458	−0.037%	$30.2M	$18.1M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2460	+0.041%	$66.0M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2459	0.000%	—	$18.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	+0.028%	$107K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.237%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.220%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	−0.126%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	−0.244%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	+0.020%	$96K	$626K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	0.000%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	+0.042%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.041%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	0.000%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.027%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	−0.041%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2459	−0.011%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	−0.060%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2458	−0.028%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2458	−0.041%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2460	+0.023%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.488%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0567% / S −0.0313%	1h	0.2459	−0.010%	$122K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4763%	1h	0.2520	+2.489%	$492K	$376K	50x	as long as short