Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0155%/8h= +17.0% APRpaid last 24h −0.001%

Price spread now: Kraken Futures against Paradex−0.265%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding pays, the price is against you. Kraken Futures is 0.265% cheaper against Paradex than usual: you would sell low and buy high (spread −0.265% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$27 on $10k: about 5.7 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2470	0.0100	pay 0.0100% / 8h	3h 32m	$21K	$250	20x
Short	Kraken Futures PF_ADAUSD	0.2464	0.0255	get 0.0032% / 1h	32m 40s	$6.2M	$11.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures against Paradex. 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 ParadexbpFee Kraken FuturesbpOrdersPrice spread, now −0.265%Rate

Funding earned: $32.52
Price spread: −0.265% → 0.000%: −$26.5
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$7.98
Costs to cover: 0.140%
Break-even: 8.7 days

Slippage unknown: Paradex: no order-book sample; Kraken Futures: live order book, 2 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Kraken Futures live order book, 2 min ago	2.23 bp	13.3 bp −$13	16.5 bp −$165	52.0 bp −$5,197	doesn't fit

Paradex: 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	0.2469	−0.048%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2468	−0.093%	$193K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	−0.222%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0032%	1h	0.2464	−0.255%	$437K	$7.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2441	−1.186%	$838	$61K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2471	+0.029%	$2.5M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2473	+0.093%	$42.9M	$13.7M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	−0.029%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2470	−0.022%	$158K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2468	−0.093%	$103.4M	$350.5M	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	0.2466	−0.174%	$71.7M	$99.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2469	−0.052%	$32.7M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2467	−0.133%	$97.5M	$57.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2469	−0.052%	$53.1M	$56.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2469	−0.040%	$30.4M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2468	−0.093%	$65.9M	$42.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2468	−0.093%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2470	−0.012%	$102K	$428K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	−0.355%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2464	−0.272%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	−0.300%	$290K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2468	−0.093%	$55K	$575K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2464	−0.247%	$97K	$736K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.255%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	−0.198%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2465	−0.214%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	−0.275%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2468	−0.108%	$1.3M	$4.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	−0.133%	$48.0M	$5.5M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0100%	8h	0.2470	long leg	$21K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2467	−0.127%	$591K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0156%	1h	0.2465	−0.214%	$478K	$359K	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2469	−0.052%	$4K	$84K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2469	−0.052%	$4.5M	$5.2M	75x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0255%	1h	0.2464	−0.265%	$6.2M	$11.1M	50x
Reya ADARUSDPERP	+0.0288%	1h	0.2464	−0.258%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0522% / S −0.0277%	1h	0.2465	−0.212%	$114K	—	100x	as long as short