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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 12:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: KuCoin against edgeX−0.117%68s7-day average +0.002% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$520.522% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.070%−$7 on $10k
Price spread, last 4 days (all we have)−0.254%−$25 · spread now −0.117%, 7d avg +0.002%
Together, before fees−0.324%+ Points / potential airdropedgeX: Active · farm board−$32 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 0.119% cheaper against edgeX than usual: you would sell low and buy high, −$12 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 68 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongedgeX ADAUSDC0.24610.0100pay 0.0050% / 4h3h 42m$66K$289K20x
ShortKuCoin ADAUSDTM0.24580.0100get 0.0100% / 8h7h 42m$29.5M$15.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

KuCoin against edgeX. 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: −0.117% → +0.002%
−$11.89
Slippage, 4 orders
−$31.16
Fee edgeX: 4.5 bp × 2 orders
−$9
Fee KuCoin: 6 bp × 2 orders
−$12
Net
−$64.05
Costs to cover
0.522%
Break-even
never at this rate
Slippage from edgeX: live order book, 55 min ago; KuCoin: live order book, 7 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 edgeX live order book, 55 min ago8.19 bp12.7 bp −$1329.4 bp −$294doesn't fitdoesn't fit
Sell KuCoin live order book, 7 min ago0.20 bp10.8 bp −$1117.3 bp −$173doesn'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
Kalshi KXADAPERP0.0000%8h0.2462+0.033%$190K$7.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2456−0.193%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.399%$849$202K12xas long as short
Aster ADAUSDT+0.0100%8h0.2458−0.117%$1.2M$1.2M75xas long as short
Pacifica ADA+0.0100%1h0.2457−0.178%$157K$181K10xas long as short
Binance ADAUSDT+0.0100%8h0.2458−0.121%$103.9M$407.3M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2457−0.170%$73.3M$127.3M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2456−0.211%$32.7M$118.9M50xas long as short
Gate ADA_USDT+0.0100%8h0.2457−0.170%$100.8M$61.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2458−0.129%$58.8M$67.6M300xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
KuCoin ADAUSDTMshort+0.0100%8h0.2458−0.117%$29.5M$15.9M75x
Bitget ADAUSDT+0.0100%8h0.2457−0.170%$66.7M$54.1M75xas long as short
BingX ADA-USDC+0.0100%8h0.2458−0.129%$6.5Mas long as short
Variational Omni ADA+0.0100%8h0.2460−0.044%$4.2M$1.1Mas long as short
edgeX ADAUSDClong+0.0100%4h0.2461long leg$66K$289K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2461−0.008%$292K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2462+0.033%$75K$896K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2459−0.109%$117K$1.4M10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2457−0.170%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2459−0.092%$40K$4K5xas long as short
SunX ADA-USDT+0.0100%8h0.2459−0.077%$8K$753K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2457−0.178%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2458−0.123%$1.3M$7.2M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2457−0.170%$47.5M$7.6M50xas long as short
Extended ADA-USD+0.0104%1h0.2456−0.216%$507K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2457−0.165%$21K20xas long as short
Backpack ADA_USDC_PERP+0.0113%1h0.2458−0.138%$141K$485K15xas long as short
Coinbase International ADA-PERP-INTX+0.0152%1h0.2459−0.089%$366K$8.5M50xas long as short
Hyperliquid ADA+0.0160%1h0.2460−0.048%$43.2M$18.5M10xas long as short
Phoenix ADA+0.0163%1h0.2462+0.049%$3K$113K10xas long as short
Lighter ADA+0.0168%1h0.2459−0.097%$2.4M$997K10xas long as short
Kraken Futures PF_ADAUSD+0.0199%1h0.2457−0.184%$6.3M$14.0M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2459−0.089%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0272%1h0.2458−0.129%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0279%1h0.2458−0.129%$637K$739K50xas long as short
dYdX ADA-USD+0.0366%1h0.2457−0.186%$202K$2K10xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0370% / S −0.0295%1h0.2457−0.187%$87K100xas long as short