Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

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

Price spread now: KuCoin against OKX−0.082%7-day average +0.009% · you buy dearer than you sell

Net, funding: paid 7d − costs−$43as in the Funding arb table

Net, price: spread back to 7d avg − costs−$52as in the Price arb table

costs, in and out, $10k−$430.427% of the position

Long on OKX Short on KuCoin

What this pair did over the last

the charts below follow

Funding, last 7 days−0.002%$0 on $10k

Price spread, last 7 days+0.124%+$12 · spread now −0.082%, 7d avg +0.009%

Together, before fees+0.122%+$12 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: KuCoin is 0.091% cheaper against OKX than usual: you would sell low and buy high, −$9 on $10k if it goes back to its 7-day average of +0.009%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	OKX ADA-USDT-SWAP	0.2436	0.0100	pay 0.0100% / 8h	4h 25m	$32.2M	$102.9M	50x
Short	KuCoin ADAUSDTM	0.2434	0.0100	get 0.0100% / 8h	4h 25m	$30.4M	$17.6M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against OKX. 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 OKXbpFee KuCoinbpOrdersPrice spread, now −0.082%Rate

Funding earned: $0
Price spread: −0.082% → +0.009%: −$9.08
Slippage, 4 orders: −$20.69
Fee OKX: 5 bp × 2 orders: −$10
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$51.78
Costs to cover: 0.427%
Break-even: never at this rate

Slippage from OKX: live order book, 3 min ago; KuCoin: live order book, 7 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 OKX live order book, 3 min ago	2.06 bp	9.6 bp −$10	15.1 bp −$151	38.3 bp −$3,830	doesn't fit
Sell KuCoin live order book, 7 min ago	1.24 bp	11.9 bp −$12	19.5 bp −$195	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
Injective ADA/USDC PERP	−0.0071%	1h	0.2441	+0.205%	$838	$97K	12x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2434	−0.091%	$200K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2430	−0.246%	$113K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2434	−0.070%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2435	−0.041%	$451K	$6.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2436	0.000%	$2.4M	$1.2M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2437	+0.057%	$42.4M	$13.8M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2433	−0.105%	$1.1M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2434	−0.078%	$155K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2437	+0.041%	$101.5M	$344.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2435	−0.041%	$70.6M	$99.0M	75x	as long as short
OKX ADA-USDT-SWAPlong	+0.0100%	8h	0.2436	long leg	$32.2M	$102.9M	50x
Gate ADA_USDT	+0.0100%	8h	0.2433	−0.123%	$96.1M	$56.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2435	−0.041%	$52.6M	$56.7M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2434	−0.082%	$30.4M	$17.6M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2436	0.000%	$64.4M	$41.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2434	−0.082%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2435	−0.041%	$100K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2427	−0.349%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2430	−0.243%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2427	−0.349%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2426	−0.411%	$228K	$460K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2437	+0.041%	$93K	$731K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2435	−0.041%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2436	−0.014%	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2436	+0.001%	$9K	$750K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2434	−0.082%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2436	+0.005%	$1.3M	$4.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2434	−0.082%	$47.3M	$5.2M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2435	−0.033%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2435	−0.027%	$583K	$1.8M	50x	as long as short
Phoenix ADA	+0.0197%	1h	0.2435	−0.041%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2429	−0.287%	$4.4M	$4.9M	75x	as long as short
Reya ADARUSDPERP	+0.0289%	1h	0.2436	+0.016%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0325%	1h	0.2437	+0.021%	$476K	$365K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0426%	1h	0.2435	−0.060%	$6.1M	$10.8M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0436% / S −0.0207%	1h	0.2434	−0.068%	$95K	—	100x	as long as short