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: BloFin against Binance+0.486%51s7-day average +0.019% · you sell dearer than you buy
Net, funding: paid 7d − costs−$5as 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−$300.301% of the position
Funding, last 7 days+0.252%+$25 on $10k
+Price spread, last 4 days (all we have)−0.373%−$37 · spread now +0.486%, 7d avg +0.019%
=Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.466% dearer against Binance than usual: you sell high and buy low: +$47 more if the spread goes back to its 7-day average of +0.019%. The two prices were read 51 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 | Binance ADAUSDT | 0.2433 | 0.0100 | pay 0.0100% / 8h | 2h 34m | $102.7M | $397.0M | 75x |
| Short | BloFin ADA-USDT | 0.2445 | 0.0220 | get 0.0220% / 8h | 2h 34m | $4.5M | $5.8M | 75x |
Binance ADAUSDT
BloFin ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BloFin against Binance. 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: +0.486% → +0.019%
- $46.62
- Slippage, 4 orders
- −$8.15
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee BloFin: 6 bp × 2 orders
- −$12
- Net
- $41.67
- Costs to cover
- 0.301%
- Break-even
- from the start
Slippage from Binance: live order book, 9 min ago; BloFin: live order book, 4 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 Binance live order book, 9 min ago | 2.03 bp | 7.0 bp −$7 | 12.1 bp −$121 | 30.3 bp −$3,031 | 91.6 bp −$45.8K |
| Sell BloFin live order book, 4 min ago | 2.04 bp | 8.0 bp −$8 | 16.3 bp −$163 | 33.8 bp −$3,378 | 56.5 bp −$28.2K |
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 | 0.2436 | +0.101% | $200K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2445 | +0.486% | $157K | $7.0M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2426 | −0.277% | $83K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0020% | 1h | 0.2444 | +0.447% | $6.2M | $13.4M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2444 | +0.449% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.554% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2438 | +0.206% | $2.4M | $990K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2435 | +0.091% | $42.0M | $17.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2434 | +0.020% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2436 | +0.135% | $156K | $170K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDTlong | +0.0100% | 8h | 0.2433 | long leg | $102.7M | $397.0M | 75x | |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2425 | −0.336% | $70.9M | $120.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2425 | −0.336% | $32.5M | $112.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2432 | −0.049% | $98.4M | $63.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2434 | +0.034% | $55.0M | $64.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2434 | +0.042% | $29.2M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2426 | −0.295% | $65.9M | $52.5M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2434 | +0.034% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2443 | +0.387% | $115K | $470K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2440 | +0.285% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2443 | +0.392% | $65K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2442 | +0.354% | $291K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | +0.362% | $198K | $780K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2434 | +0.038% | $111K | $833K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2425 | −0.336% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2425 | −0.327% | $39K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2445 | +0.485% | $8K | $751K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2445 | +0.465% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2443 | +0.418% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2444 | +0.445% | $47.6M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2436 | +0.117% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2435 | +0.069% | $528K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2442 | +0.362% | $380K | $8.2M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0203% | 1h | 0.2427 | −0.238% | $597K | $551K | 50x | as long as short |
| BloFin ADA-USDTshort | +0.0220% | 8h | 0.2445 | +0.486% | $4.5M | $5.8M | 75x | |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2435 | +0.056% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0590% | 1h | 0.2432 | −0.049% | $139K | — | 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
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]