Funding you earn now, next payment 01:00 UTC−0.0173%/8h= −18.9% APRpaid last 24h −0.025%
Price spread now: Kraken Futures against BloFin−0.104%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$78as in the Funding arb table
Net, price: spread back to 7d avg − costs−$61as in the Price arb table
costs, in and out, $10k−$540.544% of the position
Funding, last 7 days−0.241%−$24 on $10k
+Price spread, last 3 days (all we have)+0.140%+$14 · spread now −0.104%, 7d avg −0.033%
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Kraken Futures is 0.070% cheaper against BloFin than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.033%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BloFin ADA-USDT | 0.2454 | 0.0220 | pay 0.0220% / 8h | 7h 01m | $4.5M | $5.6M | 75x |
| Short | Kraken Futures PF_ADAUSD | 0.2451 | 0.0047 | get 0.0006% / 1h | 1m 13s | $6.2M | $12.0M | 50x |
BloFin ADA-USDT
Kraken Futures PF_ADAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$36.23
- Price spread: −0.104% → −0.033%
- −$7.04
- Slippage, 4 orders
- −$32.38
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$97.65
- Costs to cover
- 0.544%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Kraken Futures: live order book, 3 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, 2 min ago | 4.07 bp | 10.1 bp −$10 | 13.3 bp −$133 | 26.7 bp −$2,669 | 76.0 bp −$38.0K |
| Sell Kraken Futures live order book, 3 min ago | 5.09 bp | 16.4 bp −$16 | 23.9 bp −$239 | 71.2 bp −$7,124 | 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 | 0.2455 | +0.061% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2452 | −0.081% | $203K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2451 | −0.105% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.693% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2451 | −0.122% | $437K | $7.4M | 50x | as long as short |
| Kraken Futures PF_ADAUSDshort | +0.0047% | 1h | 0.2451 | −0.104% | $6.2M | $12.0M | 50x | |
| Phoenix ADA | +0.0098% | 1h | 0.2456 | +0.094% | $4K | $84K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2453 | −0.039% | $1.2M | $962K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2456 | +0.071% | $158K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2449 | −0.188% | $101.9M | $371.1M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Phoenix ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2449 | −0.204% | $71.8M | $106.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2450 | −0.163% | $32.4M | $107.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2452 | −0.081% | $98.6M | $60.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2452 | −0.081% | $51.8M | $52.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2453 | −0.057% | $30.2M | $17.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2451 | −0.122% | $66.2M | $45.4M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2453 | −0.041% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2455 | +0.049% | $135K | $418K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2451 | −0.119% | $4.2M | $966K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2459 | +0.200% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2470 | +0.635% | $288K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2458 | +0.163% | $56K | $586K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2452 | −0.061% | $93K | $653K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2450 | −0.163% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2453 | −0.060% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2458 | +0.165% | $9K | $769K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2452 | −0.102% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2450 | −0.177% | $1.3M | $5.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2450 | −0.163% | $47.7M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2450 | −0.148% | $533K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2455 | +0.029% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0176% | 1h | 0.2452 | −0.090% | $2.4M | $1.1M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0199% | 1h | 0.2452 | −0.102% | $491K | $461K | 50x | as long as short |
| BloFin ADA-USDTlong | +0.0220% | 8h | 0.2454 | long leg | $4.5M | $5.6M | 75x | |
| Hyperliquid ADA | +0.0229% | 1h | 0.2455 | +0.049% | $42.9M | $14.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2453 | −0.061% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0626% / S −0.0393% | 1h | 0.2452 | −0.084% | $141K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
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
Lighter ADA
Deribit ADA_USDC-PERPETUAL
Hyperliquid ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]