ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0071%/8h= −7.7% APRnext payment −$0.09 per $10,000 · paid last 24h −0.016%

Price spread now: Polymarket Perps against Kraken Futures−0.032%7-day average −0.014% · you buy dearer than you sell

Net, funding: paid 7d − costs−$63as in the Funding arb table

Net, price: spread back to 7d avg − costs−$44as in the Price arb table

costs, in and out, $10k−$420.418% of the position

Long on Kraken Futures Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.216%−$22 on $10k

Price spread, last 4 days (all we have)−0.124%−$12 · spread now −0.032%, 7d avg −0.014%

Together, before fees−0.340%−$34 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.014%, so right now this pair is about funding alone: −$2 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2438	0.0171	pay 0.0021% / 1h	50m 36s	$6.3M	$13.8M	50x
Short	Polymarket Perps ADA-USD	0.2437	0.0100	get 0.0013% / 1h	50m 36s	$130K	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.032%Rate

Funding earned: −$14.85
Price spread: −0.032% → −0.014%: −$1.8
Slippage, 4 orders: −$23.78
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$58.43
Costs to cover: 0.418%
Break-even: never at this rate

Slippage from Kraken Futures: live order book, 3 min ago; Polymarket Perps: 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 Kraken Futures live order book, 3 min ago	0.20 bp	14.6 bp −$15	17.8 bp −$178	48.4 bp −$4,841	doesn't fit
Sell Polymarket Perps live order book, 2 min ago	3.08 bp	7.1 bp −$7	8.6 bp −$86	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
Kalshi KXADAPERP	0.0000%	8h	0.2436	−0.093%	$191K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2437	−0.036%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.342%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2437	−0.052%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	+0.052%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2441	+0.112%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2441	+0.116%	$102.8M	$410.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2440	+0.071%	$72.2M	$125.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2442	+0.153%	$32.5M	$118.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2440	+0.071%	$99.8M	$64.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2440	+0.071%	$52.0M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2439	+0.046%	$29.4M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2441	+0.112%	$66.2M	$53.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2440	+0.071%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	+0.042%	$137K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	−0.048%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2438	−0.029%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2437	−0.052%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2440	+0.071%	$82K	$890K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2437	−0.032%	$130K	$1.1M	10x
Derive ADA-PERP	+0.0100%	1h	0.2438	−0.002%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2440	+0.068%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2439	+0.009%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2438	−0.023%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2438	−0.011%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2441	+0.105%	$511K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2442	+0.147%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2437	−0.052%	$374K	$8.6M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2437	−0.032%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0171%	1h	0.2438	long leg	$6.3M	$13.8M	50x
dYdX ADA-USD	+0.0192%	1h	0.2439	+0.013%	$201K	$2K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2440	+0.071%	$4.5M	$5.8M	75x	as long as short
Lighter ADA	+0.0232%	1h	0.2442	+0.153%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2438	−0.031%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0312%	1h	0.2442	+0.153%	$42.9M	$18.2M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0728%	1h	0.2438	−0.015%	$163K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0653%	1h	0.2439	+0.042%	$621K	$613K	50x	as long as short