Funding you earn now, next payment 02:00 UTC−0.0250%/8h= −27.4% APRnext payment −$0.31 per $10,000 · paid last 24h −0.016%
Price spread now: Extended against Kraken Futures−0.401%7-day average −0.043% · you buy dearer than you sell
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs−$74as in the Price arb table
costs, in and out, $10k−$380.381% of the position
Funding, last 7 days−0.037%−$4 on $10k
+Price spread, last 3 days (all we have)+0.250%+$25 · spread now −0.401%, 7d avg −0.043%
=Together, before fees+0.213%+ Points / potential airdropExtended: Active · farm board+$21 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$8 a day on $10k at the current rate, and Extended is 0.358% cheaper against Kraken Futures than usual: you would sell low and buy high (−$36 if the spread goes back to its 7-day average of −0.043%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.037% in total (about -1.9% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.31 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2452 | 0.0354 | pay 0.0044% / 1h | 42m 33s | $6.2M | $12.1M | 50x |
| Short | Extended ADA-USD | 0.2442 | 0.0104 | get 0.0013% / 1h | 42m 33s | $533K | $1.8M | 50x |
Kraken Futures PF_ADAUSD
Extended ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$52.53
- Price spread: −0.401% → −0.043%
- −$35.77
- Slippage, 4 orders
- −$23.13
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$126.42
- Costs to cover
- 0.381%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 1 min ago; Extended: live order book, 1 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 Kraken Futures live order book, 1 min ago | 3.87 bp | 14.8 bp −$15 | 18.4 bp −$184 | 74.4 bp −$7,443 | doesn't fit |
| Sell Extended live order book, 1 min ago | 2.04 bp | 4.5 bp −$5 | 7.4 bp −$74 | 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 | 0.2442 | −0.427% | $201K | $4K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2453 | +0.046% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.765% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2453 | +0.031% | $406K | $7.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2444 | −0.328% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2444 | −0.317% | $42.6M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2444 | −0.335% | $1.2M | $971K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2443 | −0.365% | $158K | $158K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2444 | −0.329% | $102.1M | $376.0M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2443 | −0.377% | $71.9M | $108.5M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2444 | −0.336% | $32.4M | $108.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2442 | −0.418% | $97.9M | $58.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2443 | −0.377% | $50.2M | $50.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2443 | −0.365% | $29.8M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2443 | −0.377% | $65.3M | $46.6M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2444 | −0.336% | — | $20.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2449 | −0.140% | $126K | $422K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2453 | +0.036% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2458 | +0.239% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | +0.029% | $290K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2460 | +0.316% | $56K | $588K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | +0.072% | $93K | $656K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2453 | +0.031% | $6K | $28K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | +0.078% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2456 | +0.154% | $9K | $774K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | +0.063% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2455 | +0.108% | $1.3M | $5.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2450 | −0.092% | $47.7M | $6.4M | 50x | as long as short |
| Extended ADA-USDshort | +0.0104% | 1h | 0.2442 | −0.401% | $533K | $1.8M | 50x | |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2444 | −0.316% | $20K | $250 | 20x | as long as short |
| Kalshi KXADAPERP | +0.0109% | 8h | 0.2457 | +0.194% | $195K | $6.2M | 3.2x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2453 | +0.019% | $4K | $87K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2459 | +0.276% | $4.4M | $5.6M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0281% | 1h | 0.2455 | +0.093% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSDlong | +0.0354% | 1h | 0.2452 | long leg | $6.2M | $12.1M | 50x | |
| Deribit ADA_USDC-PERPETUAL | +0.0402% | 1h | 0.2454 | +0.080% | $502K | $473K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0622% / S −0.0389% | 1h | 0.2454 | +0.068% | $140K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Kalshi KXADAPERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]