Funding you earn now, next payment 03:00 UTC−0.0039%/8h= −4.3% APRpaid last 24h +0.023%
Price spread now: BloFin against Kraken Futures+0.225%57s7-day average +0.033% · you sell dearer than you buy
Net, funding: paid 7d − costs−$24as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$470.473% of the position
Funding, last 7 days+0.228%+$23 on $10k
+Price spread, last 4 days (all we have)−0.143%−$14 · spread now +0.225%, 7d avg +0.033%
=The price spread pays, funding is against you. BloFin is 0.191% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.225% now, against its 7-day average of +0.033%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 16 days. Mind the row above: over the last 7 days funding on this pair paid +0.228%, so the current rate has only just turned against you. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2474 | 0.0259 | pay 0.0032% / 1h | 34m 16s | $6.3M | $12.5M | 50x |
| Short | BloFin ADA-USDT | 0.2480 | 0.0220 | get 0.0220% / 8h | 5h 34m | $4.5M | $5.8M | 75x |
Kraken Futures PF_ADAUSD
BloFin ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$8.29
- Price spread: +0.225% → +0.033%
- $19.11
- Slippage, 4 orders
- −$25.27
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- −$36.44
- Costs to cover
- 0.473%
- Break-even
- never at this rate
Slippage from Kraken Futures: live order book, 5 min ago; BloFin: live order book, 10 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 Kraken Futures live order book, 5 min ago | 2.63 bp | 13.4 bp −$13 | 20.8 bp −$208 | 62.7 bp −$6,272 | doesn't fit |
| Sell BloFin live order book, 10 min ago | 4.06 bp | 10.1 bp −$10 | 12.2 bp −$122 | 29.8 bp −$2,978 | 71.7 bp −$35.9K |
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 | 0.2473 | −0.078% | $203K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2473 | −0.075% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.139% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2475 | +0.022% | $423K | $7.6M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2476 | +0.051% | $43.1M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2475 | +0.022% | $1.2M | $990K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2473 | −0.042% | $159K | $161K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2475 | +0.042% | $104.3M | $370.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2474 | −0.018% | $72.7M | $109.1M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2475 | +0.022% | $32.9M | $106.2M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2473 | −0.058% | $99.1M | $59.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2474 | −0.018% | $57.9M | $57.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2475 | +0.002% | $29.8M | $16.5M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2475 | +0.022% | $66.3M | $48.4M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2474 | −0.018% | — | $20.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2479 | +0.200% | $128K | $423K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2479 | +0.185% | $4.3M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2466 | −0.358% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2466 | −0.341% | $296K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2467 | −0.301% | $228K | $732K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2475 | +0.002% | $96K | $676K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2474 | −0.018% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2475 | +0.015% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2475 | +0.022% | $9K | $747K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2475 | +0.002% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2475 | +0.023% | $1.3M | $6.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2476 | +0.063% | $48.2M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2474 | −0.025% | $537K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0105% | 8h | 0.2475 | +0.022% | $141K | $6.3M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2475 | +0.018% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2468 | −0.244% | $4K | $90K | 10x | as long as short |
| Lighter ADA | +0.0176% | 1h | 0.2477 | +0.091% | $2.5M | $1.0M | 10x | as long as short |
| BloFin ADA-USDTshort | +0.0220% | 8h | 0.2480 | +0.225% | $4.5M | $5.8M | 75x | |
| Kraken Futures PF_ADAUSDlong | +0.0259% | 1h | 0.2474 | long leg | $6.3M | $12.5M | 50x | |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2474 | −0.019% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0417% / S −0.0202% | 1h | 0.2473 | −0.069% | $96K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0478% | 1h | 0.2475 | +0.022% | $563K | $450K | 50x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Phoenix ADA
Lighter ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL