Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0097%/8h= −10.6% APRpaid last 24h −0.029%

Price spread now: gTrade (Gains Network) against KuCoin−0.139%7-day average — · you buy dearer than you sell

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

Long on KuCoin Short on gTrade (Gains Network)

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.139% cheaper against KuCoin than usual: you would sell low and buy high (−$14 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	KuCoin ADAUSDTM	0.2474	0.0100	pay 0.0100% / 8h	5h 26m	$29.8M	$16.0M	75x
Short	gTrade (Gains Network) ADA/USD	0.2470	L +0.0005% / S −0.0003%	get 0.0000% / 1h	26m 52s	$84K	—	150x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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 gTrade (Gains Network)bpOrdersPrice spread, now −0.139%Rate

Funding earned: −$20.35
Price spread: −0.139% → 0.000%: −$13.95
Slippage, 4 orders: no order book: not counted
Fee KuCoin: 6 bp × 2 orders: −$12
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Net: −$56.3
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: KuCoin: live order book, 2 min ago; gTrade (Gains Network): 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 KuCoin live order book, 2 min ago	2.02 bp	15.4 bp −$15	25.2 bp −$252	doesn't fit	doesn't fit
Sell gTrade (Gains Network) no order-book sample	—	—	—	—	—

gTrade (Gains Network): 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 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	0.2471	−0.114%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USDshort	L +0.0005% / S −0.0003%	1h	0.2470	−0.139%	$84K	—	150x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.113%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2470	−0.154%	$413K	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2474	+0.024%	$43.0M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2473	−0.049%	$1.2M	$993K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2473	−0.040%	$159K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2473	−0.032%	$104.6M	$371.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2473	−0.032%	$72.6M	$109.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2474	+0.008%	$33.0M	$106.3M	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	0.2472	−0.073%	$99.1M	$59.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2474	+0.008%	$58.1M	$58.4M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2474	long leg	$29.8M	$16.0M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2474	+0.008%	$66.3M	$48.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2474	+0.008%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2473	−0.040%	$129K	$424K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2478	+0.169%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2480	+0.231%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2478	+0.179%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	+0.170%	$229K	$734K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2472	−0.085%	$96K	$676K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	−0.113%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2471	−0.113%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2474	+0.007%	$9K	$748K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2471	−0.109%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2473	−0.042%	$1.3M	$6.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2472	−0.073%	$48.1M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2474	+0.002%	$537K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2475	+0.049%	$147K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2473	−0.047%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2480	+0.267%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0200%	1h	0.2473	−0.040%	$2.5M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2474	+0.008%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0260%	1h	0.2471	−0.126%	$6.3M	$12.5M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2471	−0.116%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2469	−0.179%	$96K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0560%	1h	0.2472	−0.081%	$584K	$444K	50x	as long as short