Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0116%/8h= +12.7% APRpaid last 24h +0.052%

Price spread now: BloFin against Extended+0.010%7-day average +0.077% · you sell dearer than you buy

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$40as in the Price arb table

costs, in and out, $10k−$330.333% of the position

Long on Extended Short on BloFin

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)+0.276%+$28 · spread now +0.010%, 7d avg +0.077%

Together, before fees+0.551%+ Points / potential airdropExtended: Active · farm board+$55 on $10k · with fees, hour by hour

Funding pays, the price is against you. BloFin is 0.067% cheaper against Extended than usual: you would sell low and buy high (spread +0.010% now, against its 7-day average of +0.077%). If the spread goes back, that is −$7 on $10k: about 46 hours of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2447	0.0104	pay 0.0013% / 1h	45m 14s	$560K	$1.8M	50x
Short	BloFin ADA-USDT	0.2447	0.0220	get 0.0220% / 8h	2h 45m	$4.4M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Extended. 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 ExtendedbpFee BloFinbpOrdersPrice spread, now +0.010%Rate

Funding earned: $24.36
Price spread: +0.010% → +0.077%: −$6.71
Slippage, 4 orders: −$16.35
Fee Extended: 2.5 bp × 2 orders: −$5
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$15.7
Costs to cover: 0.333%
Break-even: 11.5 days

Slippage from Extended: live order book, 3 min ago; BloFin: live order book, 3 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 Extended live order book, 3 min ago	2.04 bp	4.5 bp −$5	7.4 bp −$74	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	6.13 bp	12.1 bp −$12	14.0 bp −$140	26.2 bp −$2,624	53.3 bp −$26.7K

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	0.2447	+0.027%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2448	+0.050%	$153K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	0.2448	+0.067%	$475K	$353K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2447	+0.013%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2446	−0.031%	$409K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2448	+0.050%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2446	−0.040%	$42.3M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2448	+0.038%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	+0.023%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2447	+0.003%	$100.7M	$354.3M	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	0.2446	−0.031%	$70.4M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2446	−0.031%	$32.1M	$104.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2444	−0.113%	$96.9M	$57.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2445	−0.072%	$52.7M	$56.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2446	−0.031%	$30.4M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2446	−0.031%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2446	−0.031%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2446	−0.019%	$101K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2446	−0.051%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2448	+0.031%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.014%	$286K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2447	+0.010%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	+0.026%	$96K	$679K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2448	+0.050%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.050%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2448	+0.050%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	+0.001%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	+0.016%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2446	−0.031%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2448	+0.049%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2447	long leg	$560K	$1.8M	50x
Phoenix ADA	+0.0195%	1h	0.2449	+0.104%	$4K	$82K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2447	+0.010%	$4.4M	$5.4M	75x
Reya ADARUSDPERP	+0.0287%	1h	0.2447	+0.029%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2447	+0.005%	$6.2M	$11.5M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2447	+0.014%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.418%	$844	$95K	12x	as long as short