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−0.0116%/8h= −12.7% APRpaid last 24h −0.047%
Price spread now: Extended against BloFin−0.244%94s7-day average −0.077% · you buy dearer than you sell
Net, funding: paid 7d − costs−$59as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$310.312% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.275%−$27 on $10k
Price spread, last 3 days (all we have)+0.077%+$8 · spread now −0.244%, 7d avg −0.077%
Together, before fees−0.197%+ Points / potential airdropExtended: Active · farm board−$20 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.167% cheaper against BloFin than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.077%). Swap the legs. The two prices were read 94 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ADA-USDT0.24440.0220pay 0.0220% / 8h27m 35s$4.4M$5.5M75x
ShortExtended ADA-USD0.24380.0104get 0.0013% / 1h27m 35s$551K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended against BloFin. 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
−$24.36
Price spread: −0.244% → −0.077%
−$16.68
Slippage, 4 orders
−$14.17
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$72.22
Costs to cover
0.312%
Break-even
never at this rate
Slippage from BloFin: live order book, 6 min ago; Extended: live order book, 1 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 BloFin live order book, 6 min ago4.07 bp12.0 bp −$1217.6 bp −$17622.6 bp −$2,26353.0 bp −$26.5K
Sell Extended live order book, 1 min ago2.05 bp4.5 bp −$56.6 bp −$66doesn't fitdoesn't fit

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%1h0.2438−0.246%$201K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.24440.000%$186K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2442−0.100%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2441−0.123%$402K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2440−0.164%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2440−0.160%$42.2M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2439−0.205%$1.2M$928K75xas long as short
Pacifica ADA+0.0100%1h0.2439−0.211%$157K$145K10xas long as short
Binance ADAUSDT+0.0100%8h0.2439−0.190%$101.4M$363.6M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2438−0.245%$70.9M$103.3M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2440−0.164%$32.2M$106.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2438−0.245%$96.7M$59.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2439−0.205%$52.3M$50.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2440−0.180%$29.9M$18.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2440−0.164%$65.5M$43.5M75xas long as short
BingX ADA-USDC+0.0100%8h0.2438−0.245%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2442−0.082%$108K$416K15xas long as short
Variational Omni ADA+0.0100%8h0.2449+0.214%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2442−0.080%$65K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2449+0.206%$292K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2442−0.082%$55K$582K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2439−0.209%$92K$634K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2441−0.123%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2442−0.085%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2442−0.084%$9K$764K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2442−0.102%$336$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2442−0.082%$1.3M$5.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2442−0.082%$47.7M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2439−0.200%$20K$25020xas long as short
Extended ADA-USDshort+0.0104%1h0.2438−0.244%$551K$1.8M50x
Kraken Futures PF_ADAUSD+0.0114%1h0.2442−0.096%$6.1M$11.7M50xas long as short
Phoenix ADA+0.0130%1h0.2442−0.061%$4K$78K10xas long as short
BloFin ADA-USDTlong+0.0220%8h0.2444long leg$4.4M$5.5M75x
Injective ADA/USDC PERP+0.0254%1h0.2471+1.105%$849$202K12xas long as short
Reya ADARUSDPERP+0.0284%1h0.2439−0.199%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0563% / S −0.0313%1h0.2441−0.110%$121K100xas long as short
Deribit ADA_USDC-PERPETUAL+2.4732%1h0.2503+2.406%$503K$430K50xas long as short