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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRnext payment +$1.20 per $10,000 · paid last 24h +0.036%
Price spread now: BloFin against Bitget−0.164%55s7-day average +0.054% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$370.368% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.221%+$22 on $10k
Price spread, last 3 days (all we have)+0.310%+$31 · spread now −0.164%, 7d avg +0.054%
Together, before fees+0.531%+$53 on $10k · with fees, hour by hour
Funding pays, the price is against you. BloFin is 0.218% cheaper against Bitget than usual: you would sell low and buy high (spread −0.164% now, against its 7-day average of +0.054%). If the spread goes back, that is −$22 on $10k: about 6.0 days of funding at the current rate (+$4 a day). The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ADAUSDT0.24450.0100pay 0.0100% / 8h10m 20s$65.8M$43.7M75x
ShortBloFin ADA-USDT0.24410.0220get 0.0220% / 8h10m 20s$4.3M$5.5M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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: −0.164% → +0.054%
−$21.77
Slippage, 4 orders
−$12.8
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$33.36
Costs to cover
0.368%
Break-even
16.3 days
Slippage from Bitget: live order book, 4 min ago; BloFin: live order book, 3 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 Bitget live order book, 4 min ago2.05 bp8.0 bp −$811.9 bp −$11930.1 bp −$3,013131.4 bp −$65.7K
Sell BloFin live order book, 3 min ago2.05 bp8.0 bp −$88.0 bp −$8023.5 bp −$2,35452.0 bp −$26.0K

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%1h0.2443−0.076%$201K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2443−0.082%$213K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2445−0.017%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2441−0.164%$404K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2446+0.057%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2446+0.045%$42.4M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2444−0.038%$1.2M$930K75xas long as short
Pacifica ADA+0.0100%1h0.2444−0.041%$157K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2445+0.019%$101.1M$366.4M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2444−0.041%$71.1M$104.1M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2446+0.041%$32.3M$107.3M50xas long as short
Gate ADA_USDT+0.0100%8h0.2444−0.041%$97.5M$60.4M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2444−0.041%$52.3M$51.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2446+0.037%$29.9M$18.0M75xas long as short
Bitget ADAUSDTlong+0.0100%8h0.2445long leg$65.8M$43.7M75x
BingX ADA-USDT+0.0100%8h0.24450.000%$21.3Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2440−0.184%$105K$418K15xas long as short
Variational Omni ADA+0.0100%8h0.2439−0.239%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2441−0.153%$65K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2441−0.167%$291K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2441−0.164%$55K$582K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2446+0.025%$94K$641K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.24450.000%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2445+0.002%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2446+0.042%$9K$767K30xas long as short
SoDEX ADA-USD+0.0100%1h0.24450.000%$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2445+0.009%$1.3M$5.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2444−0.041%$47.7M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2446+0.034%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2445−0.020%$551K$1.8M50xas long as short
Kraken Futures PF_ADAUSD+0.0114%1h0.2445−0.006%$6.1M$11.7M50xas long as short
Phoenix ADA+0.0130%1h0.2442−0.102%$4K$78K10xas long as short
BloFin ADA-USDTshort+0.0220%8h0.2441−0.164%$4.3M$5.5M75x
Injective ADA/USDC PERP+0.0254%1h0.2471+1.063%$849$202K12xas long as short
Reya ADARUSDPERP+0.0283%1h0.2444−0.039%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0564% / S −0.0313%1h0.2444−0.042%$121K100xas long as short
Deribit ADA_USDC-PERPETUAL+2.4745%1h0.2506+2.479%$503K$430K50xas long as short