Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0247%/8h= −27.1% APRpaid last 24h −0.010%

Price spread now: Paradex against Kraken Futures−0.073%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Kraken Futures Short on Paradex

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$7 a day on $10k at the current rate, and Paradex is 0.073% cheaper against Kraken Futures than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2454	0.0354	pay 0.0044% / 1h	15m 06s	$6.2M	$12.1M	50x
Short	Paradex ADA-USD-PERP	0.2452	0.0107	get 0.0107% / 8h	6h 15m	$21K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex 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 ParadexbpOrdersPrice spread, now −0.073%Rate

Funding earned: −$51.91
Price spread: −0.073% → 0.000%: −$7.27
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$73.17
Costs to cover: 0.140%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 4 min ago; Paradex: no order-book sample. Net counts fees only.

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, 4 min ago	2.85 bp	12.6 bp −$13	16.3 bp −$163	47.6 bp −$4,758	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

Paradex: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA on 36 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	0.2451	−0.133%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	−0.055%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.702%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2451	−0.113%	$404K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2455	+0.037%	$42.8M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	+0.009%	$1.2M	$971K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	−0.077%	$157K	$157K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	+0.034%	$103.0M	$371.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2453	−0.032%	$72.0M	$108.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	+0.009%	$32.6M	$107.3M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.073%	$97.8M	$60.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	+0.009%	$59.1M	$52.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	−0.003%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2453	−0.032%	$65.7M	$47.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2454	+0.009%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	+0.001%	$130K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.071%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.001%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	+0.046%	$299K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.009%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	−0.048%	$93K	$669K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	−0.032%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.029%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2453	−0.034%	$8K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.009%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	+0.008%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.032%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	−0.016%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERPshort	+0.0107%	8h	0.2452	−0.073%	$21K	$250	20x
Kalshi KXADAPERP	+0.0108%	8h	0.2452	−0.073%	$163K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2454	−0.003%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2456	+0.086%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2452	−0.053%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0354%	1h	0.2454	long leg	$6.2M	$12.1M	50x
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2452	−0.063%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0443%	1h	0.2454	+0.025%	$502K	$470K	50x	as long as short