Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0220%/8h= +24.1% APRpaid last 24h +0.059%

Price spread now: BloFin against dYdX+0.057%7-day average +0.056% · you sell dearer than you buy

Net, funding: paid 7d − costs−$238as in the Funding arb table

Net, price: spread back to 7d avg − costs−$272as in the Price arb table

costs, in and out, $10k−$2732.726% of the position

Long on dYdX Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.347%+$35 on $10k

Price spread, last 3 days (all we have)+0.122%+$12 · spread now +0.057%, 7d avg +0.056%

Together, before fees+0.469%+$47 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.056%, so right now this pair is about funding alone: +$7 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2440	0	get 0.0000% / 1h	18m 50s	$201K	$4K	10x
Short	BloFin ADA-USDT	0.2441	0.0220	get 0.0220% / 8h	18m 50s	$4.4M	$5.5M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against dYdX. 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 dYdXbpFee BloFinbpOrdersPrice spread, now +0.057%Rate

Funding earned: $46.2
Price spread: +0.057% → +0.056%: $0.09
Slippage, 4 orders: −$250.56
Fee dYdX: 5 bp × 2 orders: −$10
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$226.27
Costs to cover: 2.726%
Break-even: 41.3 days

Slippage from dYdX: live order book, 60 min ago; BloFin: live order book, 5 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 dYdX live order book, 60 min ago	83.35 bp	116.6 bp −$117	142.4 bp −$1,424	145.0 bp −$14.5K	160.1 bp −$80.0K
Sell BloFin live order book, 5 min ago	6.16 bp	12.2 bp −$12	12.2 bp −$122	21.6 bp −$2,157	49.9 bp −$25.0K

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-USDlong	0.0000%	1h	0.2440	long leg	$201K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2441	+0.057%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	+0.080%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2442	+0.098%	$415K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.143%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2443	+0.127%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	+0.096%	$1.2M	$930K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2441	+0.066%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2443	+0.141%	$101.0M	$365.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2442	+0.098%	$71.0M	$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	0.2443	+0.139%	$32.3M	$107.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2441	+0.057%	$97.0M	$60.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	+0.057%	$52.1M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2442	+0.094%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2442	+0.098%	$65.6M	$43.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2442	+0.098%	—	$21.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	+0.098%	$106K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.059%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2435	−0.181%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2436	−0.140%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2436	−0.148%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2442	+0.090%	$92K	$639K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2442	+0.098%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2442	+0.092%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.138%	$9K	$767K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2442	+0.118%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2443	+0.154%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	+0.098%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2441	+0.070%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	+0.099%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2442	+0.106%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2440	+0.032%	$4K	$78K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2441	+0.057%	$4.4M	$5.5M	75x
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.287%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2442	+0.100%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0446%	1h	0.2443	+0.155%	$491K	$431K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2441	+0.066%	$121K	—	100x	as long as short