Funding you earn now, next payment 03:00 UTC+0.1195%/8h= +130.9% APRpaid last 24h +0.030%
Price spread now: Deribit against BloFin−0.041%57s7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$51as 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−$330.330% of the position
Funding, last 7 days−0.182%−$18 on $10k
+Price spread, last 4 days (all we have)−0.018%−$2 · spread now −0.041%, 7d avg −0.009%
=Funding pays, the price is against you. Deribit is 0.032% cheaper against BloFin than usual: you would sell low and buy high (spread −0.041% now, against its 7-day average of −0.009%). If the spread goes back, that is −$3 on $10k: about 2 hours of funding at the current rate (+$36 a day). Mind the row above: over the last 7 days funding on this pair cost −0.182%, so the current rate has only just turned in your favour. The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.182% in total (about -9.5% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ADA-USDT | 0.2468 | 0.0220 | pay 0.0220% / 8h | 5h 08m | $4.5M | $5.8M | 75x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2467 | 0.1415 | get 0.0177% / 1h | 8m 07s | $591K | $451K | 50x |
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $250.95
- Price spread: −0.041% → −0.009%
- −$3.19
- Slippage, 4 orders
- −$13.96
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $214.8
- Costs to cover
- 0.330%
- Break-even
- 1.0 days
Slippage from BloFin: live order book, 6 min ago; Deribit: live order book, 56 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, 6 min ago | 4.04 bp | 10.0 bp −$10 | 10.0 bp −$100 | 18.3 bp −$1,825 | 48.0 bp −$24.0K |
| Sell Deribit live order book, 56 min ago | 1.63 bp | 6.6 bp −$7 | 15.3 bp −$153 | doesn't fit | doesn't fit |
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 | 0.2464 | −0.181% | $203K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2464 | −0.162% | $146K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2463 | −0.188% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.122% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2463 | −0.203% | $406K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2464 | −0.173% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2464 | −0.150% | $160K | $163K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2460 | −0.304% | $104.0M | $372.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2460 | −0.324% | $72.0M | $110.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2461 | −0.284% | $32.8M | $106.3M | 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
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 | 0.2461 | −0.284% | $98.8M | $60.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2462 | −0.243% | $61.9M | $61.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2463 | −0.215% | $29.7M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2460 | −0.324% | $66.1M | $49.9M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2460 | −0.324% | — | $20.0M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2463 | −0.215% | $131K | $443K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2467 | −0.040% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2469 | +0.030% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2470 | +0.081% | $292K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2475 | +0.284% | $228K | $737K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2462 | −0.223% | $94K | $680K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2463 | −0.203% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2464 | −0.148% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2463 | −0.202% | $8K | $743K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2463 | −0.203% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2464 | −0.176% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2464 | −0.162% | $48.0M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2463 | −0.209% | $533K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2466 | −0.076% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0127% | 1h | 0.2463 | −0.207% | $43.1M | $14.6M | 10x | as long as short |
| Lighter ADA | +0.0136% | 1h | 0.2465 | −0.138% | $2.4M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2477 | +0.373% | $4K | $90K | 10x | as long as short |
| BloFin ADA-USDTlong | +0.0220% | 8h | 0.2468 | long leg | $4.5M | $5.8M | 75x | |
| Kraken Futures PF_ADAUSD | +0.0261% | 1h | 0.2463 | −0.219% | $6.3M | $12.8M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2463 | −0.204% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0484% / S −0.0279% | 1h | 0.2463 | −0.183% | $108K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.1415% | 1h | 0.2467 | −0.041% | $591K | $451K | 50x |
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
Paradex ADA-USD-PERP
Hyperliquid ADA
Lighter ADA
Phoenix ADA
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]