Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Pacifica+0.114%94s7-day average +0.038% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as 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−$430.428% of the position

Long on Pacifica Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.176%+$18 on $10k

Price spread, last 3 days (all we have)+0.077%+$8 · spread now +0.114%, 7d avg +0.038%

Together, before fees+0.254%+ Points / potential airdropPacifica: Active · farm board+$25 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 0.077% dearer against Pacifica than usual: you sell high and buy low: +$8 more if the spread goes back to its 7-day average of +0.038%. The two prices were read 94 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	Pacifica ADA	0.2450	0.0100	pay 0.0013% / 1h	25m 42s	$157K	$146K	10x
Short	BloFin ADA-USDT	0.2453	0.0220	get 0.0220% / 8h	1h 25m	$4.4M	$5.4M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Pacifica. 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 PacificabpFee BloFinbpOrdersPrice spread, now +0.114%Rate

Funding earned: $25.2
Price spread: +0.114% → +0.038%: $7.68
Slippage, 4 orders: −$22.82
Fee Pacifica: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: −$9.94
Costs to cover: 0.428%
Break-even: 9.8 days

Slippage from Pacifica: live order book, 57 min ago; BloFin: 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 Pacifica live order book, 57 min ago	3.45 bp	8.8 bp −$9	doesn't fit	doesn't fit	doesn't fit
Sell BloFin live order book, 3 min ago	6.12 bp	13.3 bp −$13	15.9 bp −$159	25.1 bp −$2,514	47.2 bp −$23.6K

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	0.2451	+0.016%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2452	+0.073%	$154K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	+0.035%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2450	−0.008%	$409K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2449	−0.032%	$6.1M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2451	+0.041%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2451	+0.045%	$42.5M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	+0.033%	$1.2M	$920K	75x	as long as short
Pacifica ADAlong	+0.0100%	1h	0.2450	long leg	$157K	$146K	10x
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.014%	$101.4M	$359.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2450	−0.008%	$71.1M	$101.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	+0.033%	$31.8M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.049%	$96.5M	$58.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	−0.049%	$52.6M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.012%	$30.2M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	+0.033%	$65.7M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2450	−0.008%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	0.000%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2451	+0.041%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	+0.107%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.120%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	+0.196%	$55K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2452	+0.094%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	+0.033%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2451	+0.050%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.155%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	+0.012%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.031%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2451	+0.033%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2450	−0.005%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2451	+0.014%	$556K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2452	+0.053%	$4K	$74K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0158%	1h	0.2451	+0.041%	$478K	$352K	50x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2453	+0.114%	$4.4M	$5.4M	75x
Reya ADARUSDPERP	+0.0285%	1h	0.2451	+0.036%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.849%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2450	+0.006%	$122K	—	100x	as long as short