ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0047%/8h= +5.2% APRnext payment +$0.06 per $10,000 · paid last 24h +0.034%

Price spread now: Kraken Futures against dYdX−0.025%7-day average +0.022% · you buy dearer than you sell

Net, funding: paid 7d − costs−$335as in the Funding arb table

Net, price: spread back to 7d avg − costs−$350as in the Price arb table

costs, in and out, $10k−$3463.458% of the position

Long on dYdX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days+0.107%+$11 on $10k

Price spread, last 3 days (all we have)+0.244%+$24 · spread now −0.025%, 7d avg +0.022%

Together, before fees+0.350%+$35 on $10k · with fees, hour by hour

Funding pays, the price is against you. Kraken Futures is 0.047% cheaper against dYdX than usual: you would sell low and buy high (spread −0.025% now, against its 7-day average of +0.022%). If the spread goes back, that is −$5 on $10k: about 3.3 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2456	0	get 0.0000% / 1h	3m 17s	$202K	$4K	10x
Short	Kraken Futures PF_ADAUSD	0.2455	0.0047	get 0.0006% / 1h	3m 17s	$6.2M	$11.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against dYdX. 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 dYdXbpFee Kraken FuturesbpOrdersPrice spread, now −0.025%Rate

Funding earned: $9.96
Price spread: −0.025% → +0.022%: −$4.65
Slippage, 4 orders: −$325.84
Fee dYdX: 5 bp × 2 orders: −$10
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$340.53
Costs to cover: 3.458%
Break-even: 246.4 days

Slippage from dYdX: live order book, 6 min ago; Kraken Futures: live order book, 6 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 dYdX live order book, 6 min ago	75.22 bp	238.7 bp −$239	238.8 bp −$2,388	238.8 bp −$23.9K	281.4 bp −$140.7K
Sell Kraken Futures live order book, 6 min ago	3.63 bp	11.6 bp −$12	13.6 bp −$136	36.8 bp −$3,675	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-USDlong	0.0000%	1h	0.2456	long leg	$202K	$4K	10x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	−0.005%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.628%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2456	+0.017%	$451K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0047%	1h	0.2455	−0.025%	$6.2M	$11.9M	50x
Phoenix ADA	+0.0098%	1h	0.2470	+0.603%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	+0.082%	$1.2M	$960K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2458	+0.091%	$158K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	−0.040%	$102.4M	$369.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	−0.064%	$72.2M	$106.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	−0.024%	$32.5M	$107.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2456	+0.017%	$98.9M	$60.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	−0.064%	$52.1M	$52.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	+0.005%	$30.2M	$17.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	+0.017%	$66.3M	$45.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2456	+0.017%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	−0.012%	$135K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	+0.467%	$4.2M	$966K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2479	+0.938%	$66K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2470	+0.570%	$288K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2470	+0.587%	$56K	$585K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	−0.003%	$93K	$652K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2457	+0.058%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	+0.093%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.100%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.046%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.004%	$1.3M	$5.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	−0.064%	$47.8M	$6.2M	50x	as long as short
Kalshi KXADAPERP	+0.0101%	8h	0.2465	+0.384%	$199K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2457	+0.055%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2457	+0.071%	$21K	$250	20x	as long as short
Lighter ADA	+0.0168%	1h	0.2456	+0.017%	$2.4M	$1.1M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0198%	1h	0.2457	+0.078%	$491K	$461K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2455	−0.024%	$4.4M	$5.6M	75x	as long as short
Hyperliquid ADA	+0.0237%	1h	0.2458	+0.113%	$42.9M	$14.2M	10x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2457	+0.057%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0627% / S −0.0393%	1h	0.2455	−0.022%	$141K	—	100x	as long as short