Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against SoDEX+0.061%7-day average — · you sell dearer than you buy

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

Long on SoDEX 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

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.061% dearer against SoDEX than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ADA-USD	0.2450	0.0100	pay 0.0013% / 1h	58m 52s	$337	$13K	10x
Short	BloFin ADA-USDT	0.2452	0.0220	get 0.0220% / 8h	7h 58m	$4.4M	$5.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against SoDEX. 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 SoDEXbpFee BloFinbpOrdersPrice spread, now +0.061%Rate

Funding earned: $25.2
Price spread: +0.061% → 0.000%: $6.12
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $11.32
Costs to cover: 0.200%
Break-even: 3.9 days

Slippage unknown: SoDEX: no order-book sample; BloFin: live order book, 10 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 SoDEX no order-book sample	—	—	—	—	—
Sell BloFin live order book, 10 min ago	2.04 bp	8.0 bp −$8	14.5 bp −$145	28.3 bp −$2,826	57.2 bp −$28.6K

SoDEX: 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	0.2453	+0.088%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2452	+0.061%	$205K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	+0.003%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.837%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2447	−0.143%	$406K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0048%	1h	0.2451	+0.015%	$6.2M	$11.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2450	−0.033%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	+0.053%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	−0.032%	$1.2M	$933K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	+0.024%	$157K	$145K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.011%	$101.4M	$366.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.061%	$71.3M	$104.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	+0.020%	$32.3M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.061%	$97.7M	$57.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.020%	$53.4M	$50.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2449	−0.049%	$30.0M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	+0.020%	$65.9M	$43.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2450	−0.020%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	−0.033%	$108K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2450	−0.013%	$4.2M	$972K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	+0.058%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.061%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	+0.102%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2450	−0.008%	$94K	$642K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	−0.020%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2451	+0.017%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	+0.060%	$9K	$768K	30x	as long as short
SoDEX ADA-USDlong	+0.0100%	1h	0.2450	long leg	$337	$13K	10x
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.029%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.020%	$47.8M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2451	+0.038%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	−0.020%	$553K	$1.8M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2450	−0.008%	$4K	$78K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2452	+0.061%	$4.4M	$5.5M	75x
Deribit ADA_USDC-PERPETUAL	+0.0240%	1h	0.2451	+0.033%	$492K	$430K	50x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2450	−0.018%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0564% / S −0.0313%	1h	0.2450	−0.026%	$122K	—	100x	as long as short