Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0120%/8h= −13.1% APRpaid last 24h −0.036%

Price spread now: edgeX against BloFin+0.046%7-day average −0.052% · you sell dearer than you buy

Net, funding: paid 7d − costs−$64as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$470.474% of the position

Long on BloFin Short on edgeX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.164%−$16 on $10k

Price spread, last 4 days (all we have)−0.467%−$47 · spread now +0.046%, 7d avg −0.052%

Together, before fees−0.631%+ Points / potential airdropedgeX: Active · farm board−$63 on $10k · with fees, hour by hour

The price spread pays, funding is against you. edgeX is 0.097% dearer against BloFin than usual: you sell high and buy low (spread +0.046% now, against its 7-day average of −0.052%): +$10 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 2.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ADA-USDT	0.2467	0.0220	pay 0.0220% / 8h	4h 14m	$4.5M	$5.8M	75x
Short	edgeX ADAUSDC	0.2468	0.0100	get 0.0050% / 4h	14m 36s	$66K	$285K	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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 BloFinbpFee edgeXbpOrdersPrice spread, now +0.046%Rate

Funding earned: −$25.2
Price spread: +0.046% → −0.052%: $9.71
Slippage, 4 orders: −$26.4
Fee BloFin: 6 bp × 2 orders: −$12
Fee edgeX: 4.5 bp × 2 orders: −$9
Net: −$62.88
Costs to cover: 0.474%
Break-even: never at this rate

Slippage from BloFin: live order book, 4 min ago; edgeX: live order book, 43 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	2.03 bp	8.0 bp −$8	8.6 bp −$86	19.6 bp −$1,962	42.2 bp −$21.1K
Sell edgeX live order book, 43 min ago	6.12 bp	10.6 bp −$11	26.1 bp −$261	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	0.2466	−0.026%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2467	0.000%	$154K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2466	−0.026%	$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	+0.0080%	1h	0.2462	−0.203%	$425K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2467	−0.002%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2469	+0.077%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2467	−0.007%	$1.2M	$986K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2467	+0.016%	$160K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2467	−0.010%	$104.5M	$370.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2466	−0.041%	$71.9M	$108.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2467	0.000%	$33.0M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2466	−0.041%	$98.4M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2466	−0.041%	$61.9M	$60.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2467	−0.016%	$29.8M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2466	−0.041%	$66.4M	$49.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2467	0.000%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2467	+0.016%	$125K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	−0.078%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDCshort	+0.0100%	4h	0.2468	+0.046%	$66K	$285K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2469	+0.076%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2468	+0.041%	$228K	$746K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2467	−0.016%	$94K	$689K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2467	0.000%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2469	+0.065%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2470	+0.119%	$9K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2467	+0.004%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2469	+0.073%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2469	+0.081%	$48.2M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2466	−0.028%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2467	+0.018%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0191%	1h	0.2468	+0.045%	$42.8M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2470	+0.105%	$4K	$100K	10x	as long as short
BloFin ADA-USDTlong	+0.0220%	8h	0.2467	long leg	$4.5M	$5.8M	75x
Reya ADARUSDPERP	+0.0278%	1h	0.2466	−0.040%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0520%	1h	0.2469	+0.073%	$599K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2467	−0.008%	$133K	—	100x	as long as short