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 Bybit+0.448%102s7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$14as 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−$380.382% of the position
Funding, last 7 days+0.243%+$24 on $10k
+Price spread, last 3 days (all we have)−0.223%−$22 · spread now +0.448%, 7d avg +0.055%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.393% dearer against Bybit than usual: you sell high and buy low: +$39 more if the spread goes back to its 7-day average of +0.055%. The two prices were read 102 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 | Bybit ADAUSDT | 0.2455 | 0.0100 | pay 0.0100% / 8h | 1h 53m | $70.6M | $99.6M | 75x |
| Short | BloFin ADA-USDT | 0.2466 | 0.0220 | get 0.0220% / 8h | 1h 53m | $4.4M | $5.5M | 75x |
Bybit ADAUSDT
BloFin ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Bybit. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
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: +0.448% → +0.055%
- $39.29
- Slippage, 4 orders
- −$15.25
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $26.25
- Costs to cover
- 0.382%
- Break-even
- from the start
Slippage from Bybit: live order book, 6 min ago; BloFin: live order book, 5 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 Bybit live order book, 6 min ago | 2.04 bp | 7.5 bp −$8 | 11.4 bp −$114 | 32.8 bp −$3,277 | 170.2 bp −$85.1K |
| Sell BloFin live order book, 5 min ago | 4.08 bp | 10.1 bp −$10 | 10.1 bp −$101 | 20.8 bp −$2,076 | 53.7 bp −$26.9K |
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 | 0.2457 | +0.064% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2465 | +0.407% | $154K | $5.8M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | 0.0000% | 1h | 0.2461 | +0.240% | $478K | $351K | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2461 | +0.228% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0064% | 1h | 0.2463 | +0.326% | $409K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0095% | 1h | 0.2460 | +0.204% | $6.2M | $11.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2459 | +0.151% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2456 | +0.033% | $42.5M | $14.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2457 | +0.099% | $1.2M | $998K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2457 | +0.093% | $157K | $147K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
Deribit ADA_USDC-PERPETUAL
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2456 | +0.039% | $101.8M | $355.8M | 75x | as long as short |
| Bybit ADAUSDTlong | +0.0100% | 8h | 0.2455 | long leg | $70.6M | $99.6M | 75x | |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2456 | +0.041% | $31.8M | $105.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2455 | 0.000% | $96.8M | $57.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2457 | +0.081% | $52.9M | $50.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2457 | +0.086% | $30.3M | $18.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2455 | 0.000% | $65.6M | $42.9M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2456 | +0.041% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2459 | +0.175% | $101K | $415K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2460 | +0.216% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2464 | +0.349% | $66K | $279K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2464 | +0.367% | $298K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2465 | +0.407% | $56K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2455 | +0.016% | $96K | $624K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2460 | +0.204% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2461 | +0.240% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2463 | +0.324% | $9K | $755K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2460 | +0.224% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2460 | +0.209% | $1.3M | $5.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2459 | +0.163% | $48.0M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2457 | +0.092% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2456 | +0.045% | $559K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0131% | 1h | 0.2454 | −0.037% | $4K | $74K | 10x | as long as short |
| BloFin ADA-USDTshort | +0.0220% | 8h | 0.2466 | +0.448% | $4.4M | $5.5M | 75x | |
| Reya ADARUSDPERP | +0.0286% | 1h | 0.2455 | −0.011% | $1K | — | 15x | as long as short |
| Injective ADA/USDC PERP | +0.0288% | 1h | 0.2445 | −0.407% | $840 | $168K | 12x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0566% / S −0.0313% | 1h | 0.2460 | +0.190% | $122K | — | 100x | as long as short |
Binance ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
Reya ADARUSDPERP
Injective ADA/USDC PERP
GMX ADA/USD [WBTC.b-USDC]