Funding you earn now, next payment 16:00 UTC−0.0120%/8h= −13.1% APRnext payment −$1.20 per $10,000 · paid last 24h −0.036%
Price spread now: Binance against BloFin−0.115%91s7-day average −0.017% · you buy dearer than you sell
Net, funding: paid 7d − costs−$61as 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−$360.356% of the position
Funding, last 7 days−0.252%−$25 on $10k
+Price spread, last 4 days (all we have)−0.050%−$5 · spread now −0.115%, 7d avg −0.017%
=Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and Binance is 0.098% cheaper against BloFin than usual: you would sell low and buy high (−$10 if the spread goes back to its 7-day average of −0.017%). Swap the legs. The two prices were read 91 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 | BloFin ADA-USDT | 0.2445 | 0.0220 | pay 0.0220% / 8h | 4h 49m | $4.6M | $5.5M | 75x |
| Short | Binance ADAUSDT | 0.2442 | 0.0100 | get 0.0100% / 8h | 4h 49m | $104.8M | $375.8M | 75x |
BloFin ADA-USDT
Binance ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against BloFin. 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: −0.115% → −0.017%
- −$9.77
- Slippage, 4 orders
- −$13.62
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$70.59
- Costs to cover
- 0.356%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 2 min ago; Binance: live order book, 2 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 BloFin live order book, 2 min ago | 4.09 bp | 10.1 bp −$10 | 10.1 bp −$101 | 20.8 bp −$2,081 | 65.0 bp −$32.5K |
| Sell Binance live order book, 2 min ago | 2.05 bp | 8.4 bp −$8 | 12.6 bp −$126 | 28.3 bp −$2,831 | 84.4 bp −$42.2K |
ADA on 37 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ADAUSD | −0.0105% | 1h | 0.2445 | +0.005% | $6.2M | $12.8M | 50x | as long as short |
| dYdX ADA-USD | 0.0000% | 1h | 0.2440 | −0.190% | $205K | $6K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2446 | +0.041% | $206K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2450 | +0.211% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.063% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2442 | −0.106% | $2.4M | $924K | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2450 | +0.188% | $2K | $102K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2442 | −0.121% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2442 | −0.121% | $156K | $150K | 10x | as long as short |
| Binance ADAUSDTshort | +0.0100% | 8h | 0.2442 | −0.115% | $104.8M | $375.8M | 75x |
Kraken Futures PF_ADAUSD
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Phoenix ADA
Aster ADAUSDT
Pacifica ADAShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2442 | −0.123% | $74.1M | $121.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2444 | −0.041% | $32.2M | $104.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2443 | −0.082% | $100.8M | $58.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2442 | −0.123% | $50.6M | $69.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2442 | −0.106% | $29.3M | $14.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2443 | −0.082% | $67.0M | $49.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2443 | −0.082% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2445 | −0.012% | $136K | $445K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2443 | −0.088% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | +0.272% | $65K | $290K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2452 | +0.287% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2453 | +0.327% | $67K | $898K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2449 | +0.172% | $91K | $1.5M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2447 | +0.082% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2448 | +0.116% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2449 | +0.165% | $8K | $657K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2447 | +0.102% | $337 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2444 | −0.054% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2443 | −0.082% | $47.2M | $7.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2442 | −0.122% | $19K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2443 | −0.075% | $540K | $1.7M | 50x | as long as short |
| Hyperliquid ADA | +0.0110% | 1h | 0.2443 | −0.078% | $43.5M | $17.2M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0216% | 1h | 0.2444 | −0.041% | $404K | $7.7M | 50x | as long as short |
| BloFin ADA-USDTlong | +0.0220% | 8h | 0.2445 | long leg | $4.6M | $5.5M | 75x | |
| Reya ADARUSDPERP | +0.0268% | 1h | 0.2449 | +0.154% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0281% | 1h | 0.2448 | +0.139% | $572K | $836K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0367% / S −0.0294% | 1h | 0.2450 | +0.193% | $87K | — | 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
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]