Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.059%

Price spread now: BloFin against dYdX+0.014%7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$309as in the Funding arb table

Net, price: spread back to 7d avg − costs−$348as in the Price arb table

costs, in and out, $10k−$3443.440% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.347%+$35 on $10k

Price spread, last 3 days (all we have)+0.240%+$24 · spread now +0.014%, 7d avg +0.055%

Together, before fees+0.587%+$59 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.040% cheaper against dYdX than usual: you would sell low and buy high (spread +0.014% now, against its 7-day average of +0.055%). If the spread goes back, that is −$4 on $10k: about 15 hours of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2445	0	get 0.0000% / 1h	32m 07s	$201K	$4K	10x
Short	BloFin ADA-USDT	0.2445	0.0220	get 0.0220% / 8h	2h 32m	$4.3M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now +0.014%Rate

Funding earned: $46.2
Price spread: +0.014% → +0.055%: −$4.05
Slippage, 4 orders: −$322
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$301.85
Costs to cover: 3.440%
Break-even: 52.7 days

Slippage from dYdX: live order book, 57 min ago; BloFin: live order book, 7 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 dYdX live order book, 57 min ago	145.63 bp	150.6 bp −$151	150.6 bp −$1,506	157.6 bp −$15.8K	378.4 bp −$189.2K
Sell BloFin live order book, 7 min ago	6.14 bp	12.1 bp −$12	14.6 bp −$146	31.3 bp −$3,133	58.8 bp −$29.4K

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-USDlong	0.0000%	1h	0.2445	long leg	$201K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2445	+0.014%	$153K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	+0.003%	$87K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0036%	1h	0.2446	+0.051%	$475K	$354K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2448	+0.137%	$408K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	+0.072%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2445	+0.031%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2445	+0.011%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2445	+0.004%	$156K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2445	+0.014%	$100.9M	$355.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2445	+0.014%	$70.5M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	−0.027%	$31.8M	$104.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2444	−0.027%	$96.6M	$57.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2445	+0.014%	$52.4M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2445	−0.002%	$30.2M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	+0.014%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2445	+0.014%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	+0.035%	$101K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2445	+0.031%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2447	+0.099%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.134%	$299K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.219%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2445	−0.002%	$97K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	+0.014%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2445	+0.016%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2446	+0.055%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	−0.006%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2444	−0.017%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2444	−0.027%	$47.7M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2446	+0.045%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2445	+0.003%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2445	+0.018%	$4K	$82K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2445	+0.014%	$4.3M	$5.4M	75x
Reya ADARUSDPERP	+0.0287%	1h	0.2445	+0.006%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0338%	1h	0.2445	+0.006%	$6.1M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0437% / S −0.0207%	1h	0.2444	−0.019%	$96K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.190%	$838	$131K	12x	as long as short