Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 16:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against KuCoin−0.008%7-day average −0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$37as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$380.378% of the position

Long on KuCoin Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.012%+$1 on $10k

Price spread, last 7 days+0.025%+$2 · spread now −0.008%, 7d avg −0.009%

Together, before fees+0.037%+$4 on $10k · with fees, hour by hour

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2441	0.0100	pay 0.0100% / 8h	7h 31m	$29.3M	$15.8M	75x
Short	Bybit ADAUSDT	0.2441	0.0100	get 0.0100% / 8h	7h 31m	$72.6M	$127.1M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against KuCoin. 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 KuCoinbpFee BybitbpOrdersPrice spread, now −0.008%Rate

Funding earned: $0
Price spread: −0.008% → −0.009%: $0.06
Slippage, 4 orders: −$14.83
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$37.77
Costs to cover: 0.378%
Break-even: never at this rate

Slippage from KuCoin: live order book, 7 min ago; Bybit: 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 KuCoin live order book, 7 min ago	1.84 bp	11.2 bp −$11	20.8 bp −$208	doesn't fit	doesn't fit
Sell Bybit live order book, 2 min ago	2.05 bp	9.0 bp −$9	13.4 bp −$134	36.1 bp −$3,608	128.9 bp −$64.5K

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	0.2443	+0.074%	$190K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.033%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.221%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.082%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	+0.049%	$42.9M	$18.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	+0.016%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2442	+0.032%	$156K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2442	+0.023%	$103.2M	$406.3M	75x	as long as short
Bybit ADAUSDTshort	+0.0100%	8h	0.2441	−0.008%	$72.6M	$127.1M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	+0.074%	$32.5M	$117.9M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2441	−0.008%	$99.8M	$62.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	−0.008%	$58.7M	$68.0M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2441	long leg	$29.3M	$15.8M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2442	+0.033%	$66.3M	$53.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2442	+0.033%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2441	+0.004%	$136K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	+0.446%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	+0.425%	$65K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.426%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2459	+0.729%	$75K	$895K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2440	−0.070%	$116K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2442	+0.033%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.505%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.107%	$8K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2441	−0.004%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2442	+0.039%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	+0.033%	$47.2M	$7.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	+0.027%	$541K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2442	+0.014%	$20K	—	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2439	−0.090%	$365K	$8.4M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2451	+0.389%	$2K	$113K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0200%	1h	0.2441	−0.001%	$6.3M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2448	+0.279%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2438	−0.131%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0368% / S −0.0295%	1h	0.2441	−0.020%	$87K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0487%	1h	0.2443	+0.086%	$634K	$739K	50x	as long as short
dYdX ADA-USD	+0.0756%	1h	0.2440	−0.041%	$203K	$3K	10x	as long as short