Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.041%

Price spread now: BloFin against Derive−0.072%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. BloFin is 0.072% cheaper against Derive than usual: you would sell low and buy high (spread −0.072% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$7 on $10k: about 2.0 days of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ADA-PERP	0.2447	0.0100	pay 0.0013% / 1h	8m 40s	$40K	$3K	5x
Short	BloFin ADA-USDT	0.2445	0.0220	get 0.0220% / 8h	8m 40s	$4.3M	$5.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Derive. 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

Position, each leg$Hold fordaysFee DerivebpFee BloFinbpOrdersPrice spread, now −0.072%Rate

Funding earned: $25.2
Price spread: −0.072% → 0.000%: −$7.22
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$0.02
Costs to cover: 0.180%
Break-even: 7.0 days

Slippage unknown: Derive: no order-book sample; BloFin: live order book, 5 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell BloFin live order book, 5 min ago	2.05 bp	8.0 bp −$8	8.0 bp −$80	23.5 bp −$2,354	52.0 bp −$26.0K

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2446	−0.018%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2446	−0.031%	$213K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2447	−0.008%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2441	−0.236%	$404K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2448	+0.067%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2448	+0.063%	$42.4M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2447	+0.027%	$1.2M	$931K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	+0.020%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2447	+0.010%	$101.1M	$366.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2447	+0.009%	$71.2M	$104.0M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2448	+0.050%	$32.4M	$107.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2446	−0.031%	$97.6M	$60.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2447	+0.009%	$52.3M	$51.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	+0.009%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2447	+0.009%	$65.7M	$43.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2447	+0.009%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2448	+0.046%	$106K	$417K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2439	−0.311%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2441	−0.225%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	−0.323%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2441	−0.236%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2446	−0.040%	$94K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2447	+0.009%	$6K	$29K	20x	as long as short
Derive ADA-PERPlong	+0.0100%	1h	0.2447	long leg	$40K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	0.2445	−0.071%	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2446	−0.027%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2445	−0.063%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2446	−0.031%	$47.8M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2448	+0.039%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2447	−0.010%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2446	−0.030%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2446	−0.048%	$4K	$78K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2445	−0.072%	$4.3M	$5.5M	75x
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.990%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2446	−0.049%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0564% / S −0.0313%	1h	0.2446	−0.035%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4764%	1h	0.2508	+2.494%	$503K	$430K	50x	as long as short