Funding you earn now, next payment 08:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.423%91s7-day average −0.029% · you buy dearer than you sell
Net, funding: paid 7d − costs−$60as 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−$350.352% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)−0.081%−$8 · spread now −0.423%, 7d avg −0.029%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.394% cheaper against BloFin than usual: you would sell low and buy high (−$39 if the spread goes back to its 7-day average of −0.029%). Swap the legs. The two prices were read 91 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 | BloFin ADA-USDT | 0.2475 | 0.0220 | pay 0.0220% / 8h | 5h 09m | $4.6M | $5.8M | 75x |
| Short | Binance ADAUSDT | 0.2465 | 0.0100 | get 0.0100% / 8h | 5h 09m | $104.6M | $372.3M | 75x |
BloFin ADA-USDT
Binance ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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
- −$25.2
- Price spread: −0.423% → −0.029%
- −$39.39
- Slippage, 4 orders
- −$13.25
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$99.84
- Costs to cover
- 0.352%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Binance: live order book, 4 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 BloFin live order book, 4 min ago | 4.04 bp | 10.0 bp −$10 | 10.0 bp −$100 | 18.3 bp −$1,825 | 48.0 bp −$24.0K |
| Sell Binance live order book, 4 min ago | 2.02 bp | 7.0 bp −$7 | 10.7 bp −$107 | 25.9 bp −$2,593 | 73.9 bp −$37.0K |
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 | 0.2463 | −0.470% | $203K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2470 | −0.202% | $146K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2467 | −0.309% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.162% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2467 | −0.323% | $415K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2466 | −0.354% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2465 | −0.396% | $160K | $163K | 10x | as long as short |
| Binance ADAUSDTshort | +0.0100% | 8h | 0.2465 | −0.423% | $104.6M | $372.3M | 75x | |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2464 | −0.444% | $72.0M | $110.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2465 | −0.404% | $32.8M | $106.5M | 50x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
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 | 0.2463 | −0.485% | $98.9M | $60.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2464 | −0.444% | $62.0M | $61.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2465 | −0.416% | $29.7M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2464 | −0.444% | $66.2M | $49.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2464 | −0.444% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2469 | −0.251% | $132K | $443K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2467 | −0.322% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2476 | +0.052% | $66K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2477 | +0.097% | $293K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2475 | 0.000% | $228K | $737K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2471 | −0.162% | $94K | $680K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2468 | −0.283% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2468 | −0.267% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2474 | −0.039% | $9K | $743K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2469 | −0.263% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2468 | −0.296% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2469 | −0.242% | $48.1M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2464 | −0.450% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2466 | −0.375% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0131% | 1h | 0.2467 | −0.323% | $43.2M | $14.6M | 10x | as long as short |
| Lighter ADA | +0.0144% | 1h | 0.2466 | −0.372% | $2.4M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2477 | +0.089% | $4K | $90K | 10x | as long as short |
| BloFin ADA-USDTlong | +0.0220% | 8h | 0.2475 | long leg | $4.6M | $5.8M | 75x | |
| Kraken Futures PF_ADAUSD | +0.0260% | 1h | 0.2468 | −0.284% | $6.3M | $12.8M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2467 | −0.306% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0485% / S −0.0279% | 1h | 0.2467 | −0.322% | $108K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4759% | 1h | 0.2529 | +2.174% | $597K | $443K | 50x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
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
Paradex ADA-USD-PERP
Hyperliquid ADA
Lighter ADA
Phoenix ADA
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL