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

ADA

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SwapBacktest
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: edgeX against BloFin−0.440%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$80as in the Price arb table
costs, in and out, $10k−$420.417% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.164%−$16 on $10k
Price spread, last 3 days (all we have)+0.184%+$18 · spread now −0.440%, 7d avg −0.057%
Together, before fees+0.020%+ Points / potential airdropedgeX: Active · farm board+$2 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and edgeX is 0.383% cheaper against BloFin than usual: you would sell low and buy high (−$38 if the spread goes back to its 7-day average of −0.057%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ADA-USDT0.24720.0220pay 0.0220% / 8h7h 29m$4.4M$5.5M75x
ShortedgeX ADAUSDC0.24610.0100get 0.0050% / 4h3h 29m$65K$282K20x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

edgeX against BloFin. 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: −0.440% → −0.057%
−$38.29
Slippage, 4 orders
−$20.67
Fee BloFin: 6 bp × 2 orders
−$12
Fee edgeX: 4.5 bp × 2 orders
−$9
Net
−$105.16
Costs to cover
0.417%
Break-even
never at this rate
Slippage from BloFin: live order book, 4 min ago; edgeX: live order book, 43 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 BloFin live order book, 4 min ago4.05 bp10.1 bp −$1012.5 bp −$12519.3 bp −$1,93057.9 bp −$28.9K
Sell edgeX live order book, 43 min ago6.14 bp10.8 bp −$1129.9 bp −$299doesn't fitdoesn't fit

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%1h0.2467−0.196%$203K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2468−0.162%$184K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2465−0.263%$85K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471−0.040%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0040%1h0.2464−0.324%$420K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0047%1h0.2466−0.247%$6.2M$11.7M50xas long as short
Phoenix ADA+0.0098%1h0.2467−0.218%$4K$84K10xas long as short
Aster ADAUSDT+0.0100%8h0.2467−0.187%$1.2M$946K75xas long as short
Pacifica ADA+0.0100%1h0.2469−0.140%$159K$145K10xas long as short
Binance ADAUSDT+0.0100%8h0.2467−0.202%$102.9M$365.4M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2466−0.243%$72.4M$104.1M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2467−0.202%$32.6M$107.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2466−0.243%$98.1M$58.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2466−0.243%$52.8M$51.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2467−0.214%$30.2M$17.8M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2466−0.243%$66.0M$44.2M75xas long as short
BingX ADA-USDC+0.0100%8h0.2467−0.202%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2467−0.206%$119K$410K15xas long as short
Variational Omni ADA+0.0100%8h0.2470−0.076%$4.2M$942Kas long as short
edgeX ADAUSDCshort+0.0100%4h0.2461−0.440%$65K$282K20x
GRVT ADA_USDT_Perp+0.0100%8h0.2462−0.408%$288K$3.7M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2466−0.243%$56K$583K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2465−0.263%$94K$645K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2466−0.243%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2466−0.229%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2469−0.123%$9K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2467−0.222%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2466−0.236%$1.3M$5.5M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2465−0.283%$48.1M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0103%8h0.2469−0.126%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2467−0.203%$546K$1.8M50xas long as short
Lighter ADA+0.0112%1h0.2468−0.150%$2.5M$1.1M10xas long as short
Hyperliquid ADA+0.0164%1h0.2468−0.154%$43.1M$14.5M10xas long as short
BloFin ADA-USDTlong+0.0220%8h0.2472long leg$4.4M$5.5M75x
Deribit ADA_USDC-PERPETUAL+0.0277%1h0.2467−0.218%$496K$434K50xas long as short
Reya ADARUSDPERP+0.0283%1h0.2466−0.262%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0626% / S −0.0393%1h0.2465−0.282%$142K100xas long as short