Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0074%/8h= +8.1% APRpaid last 24h −0.018%

Price spread now: KuCoin against Kraken Futures+0.022%7-day average −0.006% · 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−$490.493% of the position

Long on Kraken Futures Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.036%−$4 on $10k

Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.022%, 7d avg −0.006%

Together, before fees−0.266%−$27 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and KuCoin is 0.028% dearer against Kraken Futures than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of −0.006%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2472	0.0026	pay 0.0003% / 1h	17m 50s	$6.3M	$13.2M	50x
Short	KuCoin ADAUSDTM	0.2473	0.0100	get 0.0100% / 8h	3h 17m	$29.6M	$15.3M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin 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 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 Kraken FuturesbpFee KuCoinbpOrdersPrice spread, now +0.022%Rate

Funding earned: $15.59
Price spread: +0.022% → −0.006%: $2.77
Slippage, 4 orders: −$27.31
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$30.95
Costs to cover: 0.493%
Break-even: 20.9 days

Slippage from Kraken Futures: live order book, 1 min ago; KuCoin: 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 Kraken Futures live order book, 1 min ago	2.83 bp	11.0 bp −$11	13.4 bp −$134	41.6 bp −$4,161	doesn't fit
Sell KuCoin live order book, 6 min ago	2.82 bp	9.7 bp −$10	18.9 bp −$189	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	0.2473	+0.044%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2471	−0.043%	$140K	$6.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2471	−0.028%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0026%	1h	0.2472	long leg	$6.3M	$13.2M	50x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.043%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2471	−0.043%	$389K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2475	+0.139%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2474	+0.084%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2471	−0.043%	$158K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2474	+0.084%	$105.3M	$388.4M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2473	+0.038%	$74.5M	$115.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	+0.038%	$33.2M	$111.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2473	+0.038%	$100.6M	$62.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2472	−0.003%	$58.8M	$62.6M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2473	+0.022%	$29.6M	$15.3M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2475	+0.119%	$67.4M	$51.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2473	+0.038%	—	$19.9M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2477	+0.202%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2480	+0.306%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2480	+0.338%	$301K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2479	+0.281%	$228K	$755K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2471	−0.043%	$93K	$631K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2472	−0.003%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2472	−0.006%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2472	−0.005%	$8K	$742K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	−0.023%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2471	−0.056%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2472	−0.003%	$48.2M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2469	−0.122%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	−0.050%	$537K	$1.8M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2480	+0.337%	$4K	$95K	10x	as long as short
Backpack ADA_USDC_PERP	+0.0191%	1h	0.2472	−0.007%	$126K	$470K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2472	−0.003%	$4.6M	$5.8M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0236%	1h	0.2473	+0.026%	$608K	$533K	50x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2470	−0.083%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0360%	1h	0.2476	+0.171%	$44.1M	$16.2M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0619% / S −0.0580%	1h	0.2471	−0.025%	$139K	—	100x	as long as short