Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: Polymarket Perps against KuCoin−0.029%7-day average −0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$55as in the Funding arb table

Net, price: spread back to 7d avg − costs−$41as in the Price arb table

costs, in and out, $10k−$380.381% of the position

Long on KuCoin Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.173%−$17 on $10k

Price spread, last 4 days (all we have)+0.159%+$16 · spread now −0.029%, 7d avg −0.002%

Together, before fees−0.014%−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Polymarket Perps is 0.027% cheaper against KuCoin than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.002%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	KuCoin ADAUSDTM	0.2438	0.0100	pay 0.0100% / 8h	1h 30m	$29.4M	$15.9M	75x
Short	Polymarket Perps ADA-USD	0.2437	0.0100	get 0.0013% / 1h	30m 07s	$128K	$1.3M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.029%Rate

Funding earned: $0
Price spread: −0.029% → −0.002%: −$2.67
Slippage, 4 orders: −$18.14
Fee KuCoin: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$40.81
Costs to cover: 0.381%
Break-even: never at this rate

Slippage from KuCoin: live order book, 9 min ago; Polymarket Perps: live order book, 3 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, 9 min ago	1.03 bp	14.6 bp −$15	23.6 bp −$236	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 3 min ago	0.62 bp	4.6 bp −$5	6.7 bp −$67	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	0.2438	0.000%	$200K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2438	−0.017%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.354%	$849	$202K	12x	as long as short
dYdX ADA-USD	+0.0059%	1h	0.2437	−0.038%	$200K	$2K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2438	0.000%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2439	+0.049%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2438	−0.013%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2441	+0.137%	$102.7M	$408.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2439	+0.041%	$72.3M	$124.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2441	+0.123%	$32.5M	$117.6M	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	0.2439	+0.041%	$99.7M	$64.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2439	+0.041%	$52.8M	$64.9M	300x	as long as short
KuCoin ADAUSDTMlong	+0.0100%	8h	0.2438	long leg	$29.4M	$15.9M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2440	+0.082%	$66.3M	$53.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2439	+0.041%	—	$20.3M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	+0.003%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2439	+0.029%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	+0.041%	$291K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	+0.164%	$80K	$891K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2437	−0.029%	$128K	$1.3M	10x
Derive ADA-PERP	+0.0100%	1h	0.2436	−0.070%	$39K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2438	0.000%	$8K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2439	+0.041%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2437	−0.042%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2438	0.000%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2438	+0.017%	$512K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2438	+0.013%	$20K	$250	20x	as long as short
Lighter ADA	+0.0112%	1h	0.2441	+0.107%	$2.4M	$1.0M	10x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2439	+0.041%	$381K	$8.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0152%	1h	0.2440	+0.103%	$139K	$483K	15x	as long as short
Phoenix ADA	+0.0163%	1h	0.2440	+0.070%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2439	+0.058%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2441	+0.123%	$4.4M	$5.8M	75x	as long as short
Hyperliquid ADA	+0.0272%	1h	0.2442	+0.164%	$42.9M	$18.2M	10x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2438	+0.001%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0630% / S −0.0728%	1h	0.2438	+0.003%	$164K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0652%	1h	0.2440	+0.090%	$623K	$617K	50x	as long as short