Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h +0.003%

Price spread now: KuCoin against Gate+0.065%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$53as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$500.501% of the position

Long on Gate Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.026%−$3 on $10k

Price spread, last 7 days−0.045%−$5 · spread now +0.065%, 7d avg +0.031%

Together, before fees−0.071%−$7 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 0.034% dearer against Gate than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2463	0.0100	pay 0.0100% / 8h	5h 08m	$98.9M	$60.9M	75x
Short	KuCoin ADAUSDTM	0.2465	0.0100	get 0.0100% / 8h	5h 08m	$29.7M	$16.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Gate. 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 GatebpFee KuCoinbpOrdersPrice spread, now +0.065%Rate

Funding earned: $0
Price spread: +0.065% → +0.031%: $3.38
Slippage, 4 orders: −$23.05
Fee Gate: 7.5 bp × 2 orders: −$15
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.67
Costs to cover: 0.501%
Break-even: never at this rate

Slippage from Gate: live order book, 5 min ago; KuCoin: live order book, 10 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 Gate live order book, 5 min ago	2.02 bp	12.5 bp −$12	16.6 bp −$166	77.6 bp −$7,762	doesn't fit
Sell KuCoin live order book, 10 min ago	0.61 bp	13.6 bp −$14	20.0 bp −$200	58.1 bp −$5,811	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	0.2463	+0.015%	$203K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2468	+0.203%	$146K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	+0.076%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.325%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2465	+0.081%	$406K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	+0.050%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2465	+0.089%	$160K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2463	+0.016%	$104.5M	$372.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2463	0.000%	$72.0M	$110.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2465	+0.081%	$32.8M	$106.5M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDTlong	+0.0100%	8h	0.2463	long leg	$98.9M	$60.9M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2464	+0.041%	$62.0M	$61.0M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2465	+0.065%	$29.7M	$16.0M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2465	+0.081%	$66.2M	$49.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2463	0.000%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.085%	$132K	$443K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	+0.163%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2469	+0.233%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2470	+0.284%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2475	+0.487%	$228K	$737K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	+0.049%	$94K	$680K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2465	+0.081%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2466	+0.133%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2466	+0.122%	$8K	$743K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	+0.081%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.117%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	+0.162%	$48.0M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2464	+0.034%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2466	+0.111%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0129%	1h	0.2466	+0.126%	$43.1M	$14.6M	10x	as long as short
Lighter ADA	+0.0136%	1h	0.2467	+0.142%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2477	+0.577%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2468	+0.203%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2464	+0.053%	$6.3M	$12.8M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2465	+0.078%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0484% / S −0.0279%	1h	0.2465	+0.076%	$108K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.7337%	1h	0.2483	+0.832%	$587K	$443K	50x	as long as short