Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 08:00 UTC−0.0383%/8h= −41.9% APRpaid last 24h −0.086%
Price spread now: BloFin against GMX+0.020%7-day average +0.033% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)−0.259%−$26 on $10k
Price spread, last 4 days (all we have)−0.037%−$4 · spread now +0.020%, 7d avg +0.033%
Together, before fees−0.295%−$30 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.033%, so right now this pair is about funding alone: −$11 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ADA/USD [WBTC.b-USDC]0.2456L +0.0603% / S −0.0679%pay 0.0075% / 1h42m 53s$156K100x
ShortBloFin ADA-USDT0.24560.0220get 0.0220% / 8h42m 53s$4.5M$5.9M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against GMX. 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

Funding earned
−$80.36
Price spread: +0.020% → +0.033%
−$1.35
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$105.71
Costs to cover
0.240%
Break-even
never at this rate
Slippage unknown: GMX: 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell BloFin live order book, 6 min ago4.07 bp10.1 bp −$1016.7 bp −$16726.3 bp −$2,63365.2 bp −$32.6K
GMX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2455−0.008%$202K$2K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2455−0.005%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.631%$849$202K12xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2455−0.021%$6K$5K20xas long as short
Hyperliquid ADA+0.0100%1h0.2457+0.040%$43.2M$18.2M10xas long as short
Aster ADAUSDT+0.0100%8h0.2454−0.061%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2456+0.027%$157K$178K10xas long as short
Binance ADAUSDT+0.0100%8h0.2454−0.078%$103.4M$407.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2454−0.061%$73.0M$125.2M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2453−0.102%$32.6M$118.4M50xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2452−0.143%$100.6M$64.8M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2454−0.061%$52.4M$65.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2455−0.037%$29.5M$16.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2453−0.102%$66.6M$53.7M75xas long as short
BingX ADA-USDT+0.0100%8h0.2454−0.061%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2455−0.009%$140K$486K15xas long as short
Variational Omni ADA+0.0100%8h0.2458+0.102%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2460+0.165%$66K$288K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2455−0.024%$299K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2457+0.061%$78K$894K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2456+0.036%$126K$1.2M10xas long as short
Derive ADA-PERP+0.0100%1h0.2455−0.008%$40K$4K5xas long as short
SunX ADA-USDT+0.0100%8h0.2459+0.141%$8K$755K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2455−0.041%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2456+0.037%$1.3M$7.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2454−0.061%$47.5M$7.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2453−0.109%$516K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0104%8h0.2458+0.106%$21K$25020xas long as short
Kalshi KXADAPERP+0.0104%8h0.2456+0.020%$179K$7.6M3.2xas long as short
Lighter ADA+0.0136%1h0.2456+0.028%$2.4M$1.0M10xas long as short
Coinbase International ADA-PERP-INTX+0.0144%1h0.2454−0.061%$372K$8.4M50xas long as short
BloFin ADA-USDTshort+0.0220%8h0.2456+0.020%$4.5M$5.9M75x
Phoenix ADA+0.0228%1h0.2457+0.044%$4K$112K10xas long as short
Reya ADARUSDPERP+0.0273%1h0.2456+0.040%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0279%1h0.2454−0.076%$6.3M$13.9M50xas long as short
GMX ADA/USD [WBTC.b-USDC]longL +0.0603% / S −0.0679%1h0.2456long leg$156K100x
Deribit ADA_USDC-PERPETUAL+2.4763%1h0.2516+2.468%$641K$614K50xas long as short