Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
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 Bitget+0.041%55s7-day average +0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$20as in the Funding arb table
Net, price: spread back to 7d avg − costsprices read too far apart to compare
costs, in and out, $10k−$420.419% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.221%+$22 on $10k
Price spread, last 4 days (all we have)+0.169%+$17 · spread now +0.041%, 7d avg +0.048%
Together, before fees+0.390%+$39 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of +0.048%, so right now this pair is about funding alone: +$4 a day on $10k at the current rate. The two prices were read 55 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBitget ADAUSDT0.24650.0100pay 0.0100% / 8h3h 00m$66.9M$51.5M75x
ShortBloFin ADA-USDT0.24660.0220get 0.0220% / 8h3h 00m$4.5M$5.8M75x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BloFin against Bitget. 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

Funding earned
$25.2
Price spread: +0.041% → +0.048%
−$0.77
Slippage, 4 orders
−$17.91
Fee Bitget: 6 bp × 2 orders
−$12
Fee BloFin: 6 bp × 2 orders
−$12
Net
−$17.47
Costs to cover
0.419%
Break-even
11.9 days
Slippage from Bitget: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Bitget live order book, 4 min ago4.04 bp10.0 bp −$1014.4 bp −$14432.3 bp −$3,230doesn't fit
Sell BloFin live order book, 3 min ago4.05 bp11.8 bp −$1213.9 bp −$13917.3 bp −$1,72740.7 bp −$20.3K

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2466+0.021%$203K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2466+0.041%$136K$6.9M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2465+0.015%$84K150xas long as short
Kraken Futures PF_ADAUSD+0.0026%1h0.2464−0.029%$6.3M$13.3M50xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.243%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.24650.000%$404K$8.2M50xas long as short
Lighter ADA+0.0096%1h0.2467+0.097%$2.4M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2466+0.028%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2466+0.039%$158K$170K10xas long as short
Binance ADAUSDT+0.0100%8h0.2465+0.019%$103.8M$392.0M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.24650.000%$73.9M$116.8M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.24650.000%$33.0M$111.7M50xas long as short
Gate ADA_USDT+0.0100%8h0.2464−0.041%$99.7M$63.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.24650.000%$58.9M$62.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2466+0.049%$29.6M$15.4M75xas long as short
Bitget ADAUSDTlong+0.0100%8h0.2465long leg$66.9M$51.5M75x
BingX ADA-USDC+0.0100%8h0.24650.000%$6.6Mas long as short
Variational Omni ADA+0.0100%8h0.2466+0.043%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2471+0.235%$66K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2473+0.333%$290K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2467+0.081%$227K$757K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2466+0.053%$93K$633K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.24650.000%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2466+0.041%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2467+0.080%$8K$747K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2465+0.020%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2466+0.044%$1.3M$6.7M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2464−0.041%$48.0M$7.0M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2466+0.039%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2465−0.007%$536K$1.8M50xas long as short
Backpack ADA_USDC_PERP+0.0118%1h0.2468+0.126%$123K$456K15xas long as short
Phoenix ADA+0.0161%1h0.2470+0.211%$4K$95K10xas long as short
BloFin ADA-USDTshort+0.0220%8h0.2466+0.041%$4.5M$5.8M75x
Hyperliquid ADA+0.0223%1h0.2467+0.093%$43.9M$16.3M10xas long as short
Reya ADARUSDPERP+0.0276%1h0.2466+0.021%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0277%1h0.2467+0.061%$606K$533K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0623% / S −0.0585%1h0.2465−0.011%$140K100xas long as short