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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.042%
Price spread now: Extended against BloFin−0.187%7-day average −0.077% · 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−$44as in the Price arb table
costs, in and out, $10k−$330.334% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.274%−$27 on $10k
Price spread, last 3 days (all we have)+0.055%+$6 · spread now −0.187%, 7d avg −0.077%
Together, before fees−0.219%+ Points / potential airdropExtended: Active · farm board−$22 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Extended is 0.110% cheaper against BloFin than usual: you would sell low and buy high (−$11 if the spread goes back to its 7-day average of −0.077%). Swap the legs.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBloFin ADA-USDT0.24590.0220pay 0.0220% / 8h6h 48m$4.4M$5.6M75x
ShortExtended ADA-USD0.24540.0104get 0.0013% / 1h48m 27s$533K$1.8M50x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Extended 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
−$24.36
Price spread: −0.187% → −0.077%
−$11.03
Slippage, 4 orders
−$16.37
Fee BloFin: 6 bp × 2 orders
−$12
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$68.76
Costs to cover
0.334%
Break-even
never at this rate
Slippage from BloFin: live order book, 5 min ago; Extended: live order book, 5 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, 5 min ago6.13 bp12.1 bp −$1213.9 bp −$13924.0 bp −$2,40156.8 bp −$28.4K
Sell Extended live order book, 5 min ago2.04 bp4.5 bp −$57.4 bp −$74doesn'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%1h0.2457−0.069%$202K$4K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2454−0.185%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.488%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0048%1h0.2456−0.122%$410K$7.4M50xas long as short
Lighter ADA+0.0096%1h0.2458−0.037%$2.4M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h0.2455−0.171%$42.7M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2457−0.068%$1.2M$968K75xas long as short
Pacifica ADA+0.0100%1h0.2457−0.073%$159K$158K10xas long as short
Binance ADAUSDT+0.0100%8h0.2455−0.149%$102.3M$375.0M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2454−0.203%$72.3M$108.1M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2455−0.163%$32.5M$108.6M50xas long as short
Gate ADA_USDT+0.0100%8h0.2457−0.081%$98.4M$58.5M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2456−0.122%$50.2M$50.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2458−0.028%$30.1M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2453−0.244%$65.5M$46.5M75xas long as short
BingX ADA-USDT+0.0100%8h0.2456−0.122%$20.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2456−0.110%$126K$424K15xas long as short
Variational Omni ADA+0.0100%8h0.2450−0.361%$4.2M$992Kas long as short
edgeX ADAUSDC+0.0100%4h0.2444−0.627%$65K$282K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2444−0.610%$291K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2451−0.325%$56K$587K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2455−0.159%$93K$656K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2453−0.244%$6K$28K20xas long as short
Derive ADA-PERP+0.0100%1h0.2455−0.172%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2460+0.042%$9K$773K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2454−0.187%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2459−0.020%$1.3M$5.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2454−0.203%$47.8M$6.4M50xas long as short
Kalshi KXADAPERP+0.0104%8h0.2461+0.081%$200K$6.2M3.2xas long as short
Extended ADA-USDshort+0.0104%1h0.2454−0.187%$533K$1.8M50x
Paradex ADA-USD-PERP+0.0105%8h0.2456−0.105%$21K$25020xas long as short
Phoenix ADA+0.0163%1h0.2457−0.061%$4K$87K10xas long as short
BloFin ADA-USDTlong+0.0220%8h0.2459long leg$4.4M$5.6M75x
Deribit ADA_USDC-PERPETUAL+0.0280%1h0.2454−0.187%$499K$470K50xas long as short
Reya ADARUSDPERP+0.0282%1h0.2453−0.263%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0354%1h0.2454−0.218%$6.2M$12.0M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0622% / S −0.0389%1h0.2453−0.232%$140K100xas long as short