Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0034%/8h= +3.7% APRpaid last 24h −0.041%

Price spread now: Injective against BloFin+1.270%7-day average −0.437% · you sell dearer than you buy

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

Long on BloFin Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.272%−$27 on $10k

Price spread, last 3 days (all we have)−2.486%−$249 · spread now +1.270%, 7d avg −0.437%

Together, before fees−2.758%−$276 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Injective is 1.708% dearer against BloFin than usual: you sell high and buy low: +$171 more if the spread goes back to its 7-day average of −0.437%. Mind the row above: over the last 7 days funding on this pair cost −0.272%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ADA-USDT	0.2440	0.0220	pay 0.0220% / 8h	20m 26s	$4.4M	$5.5M	75x
Short	Injective ADA/USDC PERP	0.2471	0.0254	get 0.0032% / 1h	20m 26s	$849	$202K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective 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 InjectivebpOrdersPrice spread, now +1.270%Rate

Funding earned: $7.15
Price spread: +1.270% → −0.437%: $170.77
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $165.9
Costs to cover: 0.120%
Break-even: from the start

Slippage unknown: BloFin: live order book, 3 min ago; Injective: no order-book sample. 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 BloFin live order book, 3 min ago	6.16 bp	12.2 bp −$12	18.7 bp −$187	24.7 bp −$2,470	40.2 bp −$20.1K
Sell Injective no order-book sample	—	—	—	—	—

Injective: 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	0.2440	−0.016%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2440	0.000%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.018%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2437	−0.123%	$415K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	+0.070%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2441	+0.029%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	0.000%	$1.2M	$930K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2440	−0.001%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2441	+0.037%	$101.0M	$365.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2440	0.000%	$70.9M	$103.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2441	+0.041%	$32.2M	$106.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2438	−0.082%	$96.8M	$60.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2439	−0.041%	$51.8M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2440	−0.008%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2439	−0.041%	$65.5M	$43.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2440	0.000%	—	$21.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	−0.037%	$104K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.075%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2435	−0.197%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2436	−0.156%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2436	−0.164%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2439	−0.041%	$92K	$639K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	0.000%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2438	−0.079%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2441	+0.040%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2438	−0.082%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2438	−0.086%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2439	−0.041%	$47.6M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2440	+0.015%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2440	−0.019%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2438	−0.091%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2440	−0.012%	$4K	$78K	10x	as long as short
BloFin ADA-USDTlong	+0.0220%	8h	0.2440	long leg	$4.4M	$5.5M	75x
Injective ADA/USDC PERPshort	+0.0254%	1h	0.2471	+1.270%	$849	$202K	12x
Reya ADARUSDPERP	+0.0284%	1h	0.2440	−0.019%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2439	−0.028%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+1.2877%	1h	0.2470	+1.217%	$496K	$431K	50x	as long as short