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: BloFin against edgeX+0.081%101s7-day average +0.055% · you sell dearer than you buy

Net, funding: paid 7d − costs−$26as 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−$420.424% of the position

Long on edgeX Short on BloFin

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)+0.404%+$40 · spread now +0.081%, 7d avg +0.055%

Together, before fees+0.568%+ Points / potential airdropedgeX: Active · farm board+$57 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.026% dearer against edgeX than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.055%. The two prices were read 101 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	edgeX ADAUSDC	0.2466	0.0100	pay 0.0050% / 4h	1h 07m	$66K	$283K	20x
Short	BloFin ADA-USDT	0.2468	0.0220	get 0.0220% / 8h	5h 07m	$4.5M	$5.8M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against edgeX. 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 edgeXbpFee BloFinbpOrdersPrice spread, now +0.081%Rate

Funding earned: $25.2
Price spread: +0.081% → +0.055%: $2.61
Slippage, 4 orders: −$21.41
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$14.6
Costs to cover: 0.424%
Break-even: 11.1 days

Slippage from edgeX: live order book, 55 min ago; BloFin: live order book, 6 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 edgeX live order book, 55 min ago	6.10 bp	10.6 bp −$11	28.5 bp −$285	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	4.04 bp	11.2 bp −$11	17.9 bp −$179	28.1 bp −$2,808	51.9 bp −$26.0K

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-USD	0.0000%	1h	0.2460	−0.238%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2464	−0.081%	$146K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2463	−0.108%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.202%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2463	−0.122%	$406K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	−0.225%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	−0.190%	$160K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	−0.311%	$103.9M	$372.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2456	−0.406%	$71.8M	$110.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	−0.365%	$32.7M	$106.1M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2459	−0.284%	$98.7M	$60.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	−0.244%	$61.8M	$61.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2461	−0.195%	$29.7M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	−0.365%	$65.9M	$49.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2461	−0.203%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	−0.134%	$131K	$443K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	+0.041%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDClong	+0.0100%	4h	0.2466	long leg	$66K	$283K	20x
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2465	−0.038%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	−0.122%	$227K	$738K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2457	−0.382%	$93K	$680K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2463	−0.122%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2464	−0.068%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	−0.122%	$8K	$743K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2463	−0.122%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2464	−0.095%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	−0.081%	$48.0M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2460	−0.251%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2462	−0.158%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0126%	1h	0.2462	−0.154%	$43.1M	$14.6M	10x	as long as short
Lighter ADA	+0.0128%	1h	0.2462	−0.142%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2465	−0.061%	$4K	$90K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2468	+0.081%	$4.5M	$5.8M	75x
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2463	−0.139%	$6.3M	$12.8M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2457	−0.367%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0484% / S −0.0279%	1h	0.2463	−0.102%	$108K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1415%	1h	0.2467	+0.040%	$591K	$451K	50x	as long as short