Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0215%/8h= +23.6% APRpaid last 24h +0.065%

Price spread now: BloFin against gTrade (Gains Network)−0.542%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 3 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 0.542% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.542% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$54 on $10k: about 8.4 days of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ADA/USD	0.2473	L +0.0005% / S −0.0003%	pay 0.0001% / 1h	57m 16s	$85K	—	150x
Short	BloFin ADA-USDT	0.2460	0.0220	get 0.0220% / 8h	2h 57m	$4.5M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee BloFinbpOrdersPrice spread, now −0.542%Rate

Funding earned: $45.21
Price spread: −0.542% → 0.000%: −$54.18
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$30.97
Costs to cover: 0.220%
Break-even: 11.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; BloFin: live order book, 6 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell BloFin live order book, 6 min ago	4.05 bp	11.8 bp −$12	13.9 bp −$139	17.3 bp −$1,727	40.7 bp −$20.3K

gTrade (Gains Network): 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	0.2467	−0.254%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2471	−0.097%	$136K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USDlong	L +0.0005% / S −0.0003%	1h	0.2473	long leg	$85K	—	150x
Kraken Futures PF_ADAUSD	+0.0019%	1h	0.2474	+0.017%	$6.3M	$13.3M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.097%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2475	+0.085%	$2.5M	$985K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2473	−0.008%	$44.0M	$16.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2474	+0.008%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2468	−0.232%	$158K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2474	+0.024%	$104.2M	$392.4M	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	0.2473	−0.016%	$73.5M	$117.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2473	−0.016%	$33.1M	$112.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2472	−0.057%	$100.0M	$62.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2473	−0.016%	$60.0M	$62.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2474	+0.024%	$29.7M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2474	+0.024%	$67.2M	$51.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2472	−0.057%	—	$19.9M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2460	−0.562%	$123K	$456K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2466	−0.296%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	−0.286%	$66K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2467	−0.271%	$289K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2465	−0.340%	$227K	$758K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2471	−0.081%	$93K	$634K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2474	+0.024%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2475	+0.055%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2472	−0.056%	$8K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2474	+0.012%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2472	−0.072%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2473	−0.016%	$48.2M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2468	−0.203%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2473	−0.023%	$534K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2458	−0.623%	$407K	$8.2M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2470	−0.129%	$4K	$95K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2460	−0.542%	$4.5M	$5.8M	75x
Reya ADARUSDPERP	+0.0276%	1h	0.2471	−0.097%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0478%	1h	0.2475	+0.073%	$609K	$533K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0585%	1h	0.2473	−0.030%	$140K	—	100x	as long as short