Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%
Price spread now: BloFin against ApeX Omni−0.204%7-day average +0.035% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$79as in the Price arb table
costs, in and out, $10k−$550.549% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.193%+$19 on $10k
Price spread, last 3 days (all we have)+0.586%+$59 · spread now −0.204%, 7d avg +0.035%
Together, before fees+0.779%+$78 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.239% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.204% now, against its 7-day average of +0.035%). If the spread goes back, that is −$24 on $10k: about 6.6 days of funding at the current rate (+$4 a day).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ADAUSDT0.24500.0100pay 0.0013% / 1h32m 46s$55K$579K50x
ShortBloFin ADA-USDT0.24450.0220get 0.0220% / 8h2h 32m$4.3M$5.4M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against ApeX Omni. 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

Funding earned
$25.2
Price spread: −0.204% → +0.035%
−$23.93
Slippage, 4 orders
−$32.94
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$53.67
Costs to cover
0.549%
Break-even
21.9 days
Slippage from ApeX Omni: live order book, 55 min ago; BloFin: live order book, 6 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 55 min ago10.13 bp15.1 bp −$1547.3 bp −$473doesn't fitdoesn't fit
Sell BloFin live order book, 6 min ago6.14 bp12.1 bp −$1214.6 bp −$14631.3 bp −$3,13358.8 bp −$29.4K

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2448−0.088%$201K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2447−0.122%$153K$5.9M3.2xas long as short
Deribit ADA_USDC-PERPETUAL0.0000%1h0.2445−0.184%$475K$354K50xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2445−0.208%$87K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2448−0.082%$408K$7.2M50xas long as short
Lighter ADA+0.0096%1h0.2446−0.151%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2445−0.192%$42.4M$14.5M10xas long as short
Aster ADAUSDT+0.0100%8h0.2445−0.211%$1.2M$999K75xas long as short
Pacifica ADA+0.0100%1h0.2448−0.084%$157K$147K10xas long as short
Binance ADAUSDT+0.0100%8h0.2445−0.201%$100.8M$355.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2444−0.245%$70.4M$99.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2445−0.204%$31.8M$105.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2444−0.245%$96.6M$57.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2444−0.245%$52.4M$56.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2445−0.204%$30.2M$18.3M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2445−0.204%$65.5M$42.7M75xas long as short
BingX ADA-USDC+0.0100%8h0.2445−0.204%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2445−0.220%$101K$411K15xas long as short
Variational Omni ADA+0.0100%8h0.2445−0.187%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2447−0.119%$65K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2448−0.085%$299K$3.9M10xas long as short
ApeX Omni ADAUSDTlong+0.0100%1h0.2450long leg$55K$579K50x
Polymarket Perps ADA-USD+0.0100%1h0.2446−0.163%$97K$642K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2445−0.204%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2445−0.198%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2449−0.041%$9K$759K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2445−0.216%$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2447−0.115%$1.3M$4.9M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2444−0.245%$47.7M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2447−0.105%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2444−0.256%$554K$1.8M50xas long as short
Phoenix ADA+0.0195%1h0.2445−0.200%$4K$82K10xas long as short
BloFin ADA-USDTshort+0.0220%8h0.2445−0.204%$4.3M$5.4M75x
Reya ADARUSDPERP+0.0287%1h0.2446−0.171%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0338%1h0.2445−0.205%$6.1M$11.4M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0437% / S −0.0207%1h0.2444−0.227%$96K100xas long as short
Injective ADA/USDC PERP+0.0533%1h0.2440−0.408%$838$131K12xas long as short