Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0014%/8h= +1.5% APRpaid last 24h +0.009%

Price spread now: Kraken Futures against HTX−0.023%7-day average −0.004% · you buy dearer than you sell

Net, funding: paid 7d − costs−$56as in the Funding arb table

Net, price: spread back to 7d avg − costs−$50as in the Price arb table

costs, in and out, $10k−$490.485% of the position

Long on HTX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 7 days−0.079%−$8 on $10k

Price spread, last 3 days (all we have)+0.086%+$9 · spread now −0.023%, 7d avg −0.004%

Together, before fees+0.007%+$1 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.004%, so right now this pair is about funding alone: $0 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair cost −0.079%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	HTX ADA-USDT	0.2442	0.0100	pay 0.0100% / 8h	21m 31s	$1.3M	$5.4M	75x
Short	Kraken Futures PF_ADAUSD	0.2441	0.0114	get 0.0014% / 1h	21m 31s	$6.1M	$11.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against HTX. 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 HTXbpFee Kraken FuturesbpOrdersPrice spread, now −0.023%Rate

Funding earned: $2.91
Price spread: −0.023% → −0.004%: −$1.95
Slippage, 4 orders: −$26.53
Fee HTX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$47.57
Costs to cover: 0.485%
Break-even: 121.3 days

Slippage from HTX: live order book, 2 min ago; Kraken Futures: live order book, 2 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 HTX live order book, 2 min ago	2.82 bp	12.4 bp −$12	25.6 bp −$256	69.9 bp −$6,995	doesn't fit
Sell Kraken Futures live order book, 2 min ago	1.64 bp	12.9 bp −$13	15.4 bp −$154	45.7 bp −$4,565	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	0.2439	−0.089%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2442	+0.020%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2441	−0.036%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2436	−0.226%	$402K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2440	−0.075%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2440	−0.042%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	−0.058%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2439	−0.084%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2439	−0.088%	$100.9M	$365.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2439	−0.103%	$70.9M	$103.9M	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	0.2439	−0.103%	$32.2M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2438	−0.144%	$96.8M	$60.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2438	−0.144%	$51.8M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2439	−0.091%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2438	−0.144%	$65.5M	$43.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2439	−0.103%	—	$21.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	+0.011%	$104K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	−0.176%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2435	−0.259%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2436	−0.219%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2436	−0.226%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2439	−0.095%	$92K	$639K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	−0.062%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	−0.025%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2442	+0.018%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2441	−0.025%	$336	$13K	10x	as long as short
HTX ADA-USDTlong	+0.0100%	8h	0.2442	long leg	$1.3M	$5.4M	75x
Phemex ADAUSDT	+0.0100%	8h	0.2440	−0.062%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2439	−0.103%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2438	−0.142%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0114%	1h	0.2441	−0.023%	$6.1M	$11.7M	50x
Phoenix ADA	+0.0130%	1h	0.2440	−0.075%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2436	−0.226%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.207%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2439	−0.120%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2441	−0.041%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4742%	1h	0.2502	+2.469%	$503K	$430K	50x	as long as short