Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%

Price spread now: KuCoin against Polymarket Perps−0.061%49s7-day average +0.002% · you buy dearer than you sell

Net, funding: paid 7d − costs−$23as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$400.404% of the position

Long on Polymarket Perps Short on KuCoin

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)−0.754%−$75 · spread now −0.061%, 7d avg +0.002%

Together, before fees−0.581%−$58 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 0.064% cheaper against Polymarket Perps than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.002%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ADA-USD	0.2445	0.0100	pay 0.0013% / 1h	37m 40s	$120K	$1.3M	10x
Short	KuCoin ADAUSDTM	0.2443	0.0100	get 0.0100% / 8h	37m 40s	$29.5M	$16.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Polymarket Perps. 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 Polymarket PerpsbpFee KuCoinbpOrdersPrice spread, now −0.061%Rate

Funding earned: $0
Price spread: −0.061% → +0.002%: −$6.35
Slippage, 4 orders: −$20.38
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$46.74
Costs to cover: 0.404%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 6 min ago; KuCoin: live order book, 11 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 Polymarket Perps live order book, 6 min ago	1.83 bp	8.2 bp −$8	10.5 bp −$105	doesn't fit	doesn't fit
Sell KuCoin live order book, 11 min ago	1.63 bp	13.4 bp −$13	22.8 bp −$228	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
dYdX ADA-USD	0.0000%	1h	0.2442	−0.122%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2443	−0.047%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.084%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2445	+0.016%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2444	−0.020%	$6K	$5K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2443	−0.053%	$42.9M	$18.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2443	−0.072%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	−0.060%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2443	−0.050%	$102.9M	$407.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2443	−0.061%	$72.5M	$125.6M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	−0.020%	$32.5M	$118.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	−0.061%	$99.8M	$65.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2443	−0.061%	$51.9M	$65.6M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2443	−0.061%	$29.5M	$16.0M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2443	−0.061%	$66.5M	$53.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2443	−0.061%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2443	−0.045%	$139K	$486K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2455	+0.430%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	+0.473%	$66K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2456	+0.470%	$287K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.511%	$78K	$894K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2445	long leg	$120K	$1.3M	10x
Derive ADA-PERP	+0.0100%	1h	0.2445	+0.015%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2445	+0.020%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	0.000%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	+0.118%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2443	−0.061%	$47.3M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2444	−0.028%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2443	−0.067%	$514K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2448	+0.143%	$190K	$7.6M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2444	−0.020%	$369K	$8.4M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2449	+0.184%	$4.4M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2459	+0.581%	$4K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2444	−0.021%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2444	−0.031%	$6.3M	$14.0M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0323%	1h	0.2445	+0.041%	$623K	$614K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0601% / S −0.0679%	1h	0.2443	−0.055%	$155K	—	100x	as long as short