Funding you earn now, next payment 04:00 UTC−0.0384%/8h= −42.0% APRpaid last 24h −0.035%
Price spread now: BloFin against Deribit−0.024%7-day average +0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$23as in the Funding arb table
Net, price: spread back to 7d avg − costs−$44as in the Price arb table
costs, in and out, $10k−$400.403% of the position
Funding, last 7 days+0.177%+$18 on $10k
+Price spread, last 4 days (all we have)+0.083%+$8 · spread now −0.024%, 7d avg +0.009%
=Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and BloFin is 0.033% cheaper against Deribit than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of +0.009%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.177%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.177% in total (about 9.2% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ADA_USDC-PERPETUAL | 0.2462 | 0.0604 | pay 0.0076% / 1h | 52m 20s | $588K | $486K | 50x |
| Short | BloFin ADA-USDT | 0.2461 | 0.0220 | get 0.0220% / 8h | 4h 52m | $4.5M | $5.8M | 75x |
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Deribit. 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
- −$80.64
- Price spread: −0.024% → +0.009%
- −$3.29
- Slippage, 4 orders
- −$21.32
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$124.25
- Costs to cover
- 0.403%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 6 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Deribit live order book, 6 min ago | 2.64 bp | 6.1 bp −$6 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell BloFin live order book, 6 min ago | 6.10 bp | 12.1 bp −$12 | 12.1 bp −$121 | 19.0 bp −$1,896 | 47.7 bp −$23.9K |
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 | 0.2453 | −0.342% | $202K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2457 | −0.187% | $140K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2450 | −0.455% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.382% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2457 | −0.187% | $412K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0092% | 1h | 0.2461 | −0.037% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2456 | −0.236% | $2.4M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2454 | −0.296% | $42.6M | $14.9M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2454 | −0.311% | $1.2M | $980K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2455 | −0.256% | $159K | $161K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
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 | 0.2453 | −0.369% | $103.5M | $372.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2451 | −0.431% | $71.5M | $111.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2452 | −0.390% | $32.6M | $105.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2451 | −0.431% | $98.0M | $58.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2452 | −0.390% | $61.1M | $59.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2453 | −0.362% | $29.6M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2451 | −0.431% | $65.9M | $50.0M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2451 | −0.431% | — | $20.0M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2461 | −0.028% | $126K | $444K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2462 | +0.020% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2461 | −0.013% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2451 | −0.448% | $288K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2449 | −0.512% | $226K | $740K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2453 | −0.337% | $92K | $684K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2451 | −0.431% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2452 | −0.381% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2458 | −0.145% | $9K | $741K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2461 | −0.037% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2460 | −0.076% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2460 | −0.065% | $47.9M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2452 | −0.397% | $533K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0106% | 8h | 0.2454 | −0.299% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2459 | −0.089% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDTshort | +0.0220% | 8h | 0.2461 | −0.024% | $4.5M | $5.8M | 75x | |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2453 | −0.349% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0604% | 1h | 0.2462 | long leg | $588K | $486K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0625% / S −0.0463% | 1h | 0.2451 | −0.442% | $149K | — | 100x | as long as short |
Binance ADAUSDT
Bybit 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
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]