Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0174%/8h= −19.0% APRpaid last 24h −0.057%

Price spread now: KuCoin against Reya+0.066%7-day average — · you sell dearer than you buy

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

Long on Reya Short on KuCoin

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 airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. KuCoin is 0.066% dearer against Reya than usual: you sell high and buy low (spread +0.066% now, against zero (this spread has no 7-day history yet)): +$7 on $10k if it goes back. Holding the pair costs −$5 a day in funding at the current rate, which eats that in about 30 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Reya ADARUSDPERP	0.2447	0.0274	pay 0.0034% / 1h	58m 04s	$1K	—	15x
Short	KuCoin ADAUSDTM	0.2449	0.0100	get 0.0100% / 8h	58m 04s	$29.4M	$16.0M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

KuCoin against Reya. 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 ReyabpFee KuCoinbpOrdersPrice spread, now +0.066%Rate

Funding earned: −$36.48
Price spread: +0.066% → 0.000%: $6.55
Slippage, 4 orders: no order book: not counted
Fee Reya: 3 bp × 2 orders: −$6
Fee KuCoin: 6 bp × 2 orders: −$12
Net: −$47.92
Costs to cover: 0.180%
Break-even: never at this rate

Slippage unknown: Reya: no order-book sample; KuCoin: live order book, 11 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 Reya no order-book sample	—	—	—	—	—
Sell KuCoin live order book, 11 min ago	1.63 bp	12.8 bp −$13	22.3 bp −$223	doesn't fit	doesn't fit

Reya: 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	0.2447	−0.040%	$201K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2449	+0.061%	$172K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	+0.035%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.960%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	+0.061%	$6K	$5K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	+0.176%	$43.1M	$18.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	+0.087%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	−0.005%	$157K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2451	+0.143%	$103.3M	$407.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	+0.061%	$72.7M	$125.0M	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	0.2450	+0.102%	$32.6M	$118.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	+0.061%	$100.3M	$64.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	+0.061%	$53.5M	$65.1M	300x	as long as short
KuCoin ADAUSDTMshort	+0.0100%	8h	0.2449	+0.066%	$29.4M	$16.0M	75x
Bitget ADAUSDT	+0.0100%	8h	0.2450	+0.102%	$66.5M	$53.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2450	+0.102%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	+0.115%	$139K	$486K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.023%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2451	+0.134%	$65K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2450	+0.102%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.102%	$79K	$893K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	−0.024%	$126K	$1.3M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2449	+0.057%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2449	+0.061%	$8K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	+0.102%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	−0.017%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	+0.061%	$47.5M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	+0.054%	$514K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2446	−0.042%	$21K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2449	+0.061%	$366K	$8.5M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2453	+0.209%	$4K	$111K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	+0.143%	$4.5M	$5.9M	75x	as long as short
Lighter ADA	+0.0224%	1h	0.2451	+0.151%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERPlong	+0.0274%	1h	0.2447	long leg	$1K	—	15x
Kraken Futures PF_ADAUSD	+0.0280%	1h	0.2449	+0.081%	$6.3M	$13.9M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0526%	1h	0.2451	+0.135%	$624K	$616K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0602% / S −0.0679%	1h	0.2449	+0.059%	$156K	—	100x	as long as short