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: OKX against BloFin−0.122%63s7-day average −0.027% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$350.353% of the position
Funding, last 7 days−0.262%−$26 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.122%, 7d avg −0.027%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and OKX is 0.096% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.027%). Swap the legs. The two prices were read 63 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 | 0.2452 | 0.0220 | pay 0.0220% / 8h | 2h 02m | $4.4M | $5.9M | 75x |
| Short | OKX ADA-USDT-SWAP | 0.2449 | 0.0100 | get 0.0100% / 8h | 2h 02m | $32.5M | $118.5M | 50x |
BloFin ADA-USDT
OKX ADA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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: −0.122% → −0.027%
- −$9.58
- Slippage, 4 orders
- −$13.33
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$70.11
- Costs to cover
- 0.353%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 7 min ago; OKX: live order book, 2 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, 7 min ago | 2.04 bp | 8.0 bp −$8 | 10.4 bp −$104 | 19.9 bp −$1,993 | 49.8 bp −$24.9K |
| Sell OKX live order book, 2 min ago | 2.04 bp | 7.0 bp −$7 | 11.9 bp −$119 | 35.2 bp −$3,522 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2449 | −0.122% | $187K | $7.6M | 3.2x | as long as short |
| dYdX ADA-USD | +0.0001% | 1h | 0.2448 | −0.173% | $201K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2448 | −0.179% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0020% | 1h | 0.2449 | −0.127% | $6.3M | $13.8M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2454 | +0.090% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.775% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2451 | −0.053% | $2.4M | $1.0M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2449 | −0.122% | $6K | $6K | 20x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2452 | −0.020% | $43.1M | $18.2M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2449 | −0.122% | $1.2M | $1.1M | 75x | as long as short |
Kalshi KXADAPERP
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Orderly PERP_ADA_USDC
Hyperliquid ADA
Aster ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ADA | +0.0100% | 1h | 0.2449 | −0.121% | $157K | $178K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2450 | −0.092% | $103.1M | $410.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2449 | −0.122% | $72.4M | $124.8M | 75x | as long as short |
| OKX ADA-USDT-SWAPshort | +0.0100% | 8h | 0.2449 | −0.122% | $32.5M | $118.5M | 50x | |
| Gate ADA_USDT | +0.0100% | 8h | 0.2447 | −0.204% | $100.0M | $65.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2449 | −0.122% | $52.1M | $65.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2449 | −0.122% | $29.4M | $15.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2450 | −0.082% | $66.6M | $53.6M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2448 | −0.163% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2450 | −0.069% | $137K | $485K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2452 | +0.003% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | −0.002% | $65K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2450 | −0.082% | $288K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2452 | 0.000% | $83K | $889K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2448 | −0.147% | $129K | $1.1M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2450 | −0.100% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2450 | −0.086% | $8K | $764K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2450 | −0.102% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2447 | −0.186% | $1.3M | $7.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2449 | −0.122% | $47.5M | $7.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2448 | −0.152% | $524K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2449 | −0.122% | $379K | $8.6M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2448 | −0.145% | $21K | $250 | 20x | as long as short |
| BloFin ADA-USDTlong | +0.0220% | 8h | 0.2452 | long leg | $4.4M | $5.9M | 75x | |
| Reya ADARUSDPERP | +0.0275% | 1h | 0.2449 | −0.125% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0567% | 1h | 0.2450 | −0.077% | $623K | $613K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0631% / S −0.0728% | 1h | 0.2448 | −0.171% | $164K | — | 100x | as long as short |
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
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
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Coinbase International ADA-PERP-INTX
Paradex ADA-USD-PERP
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]