Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0056%/8h= +6.2% APRpaid last 24h +0.022%

Price spread now: Reya against BloFin+0.041%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on BloFin Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Reya is 0.041% dearer against BloFin than usual: you sell high and buy low: +$4 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	BloFin ADA-USDT	0.2470	0.0220	pay 0.0220% / 8h	2h 49m	$4.5M	$5.8M	75x
Short	Reya ADARUSDPERP	0.2471	0.0276	get 0.0035% / 1h	49m 08s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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

Position, each leg$Hold fordaysFee BloFinbpFee ReyabpOrdersPrice spread, now +0.041%Rate

Funding earned: $11.8
Price spread: +0.041% → 0.000%: $4.07
Slippage, 4 orders: no order book: not counted
Fee BloFin: 6 bp × 2 orders: −$12
Fee Reya: 3 bp × 2 orders: −$6
Net: −$2.13
Costs to cover: 0.180%
Break-even: 8.3 days

Slippage unknown: BloFin: live order book, 5 min ago; Reya: no order-book sample. Net counts fees only.

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, 5 min ago	6.08 bp	12.1 bp −$12	12.1 bp −$121	20.6 bp −$2,056	41.2 bp −$20.6K
Sell Reya no order-book sample	—	—	—	—	—

Reya: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2472	+0.095%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	+0.081%	$152K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2470	+0.014%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0019%	1h	0.2471	+0.050%	$6.3M	$13.3M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2478	+0.320%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.040%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2472	+0.089%	$2.4M	$987K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2472	+0.085%	$44.0M	$16.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2472	+0.067%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2473	+0.134%	$158K	$170K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2471	+0.040%	$104.2M	$392.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2470	0.000%	$73.3M	$117.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2471	+0.040%	$33.0M	$112.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2470	0.000%	$100.0M	$62.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2470	0.000%	$59.3M	$62.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2470	+0.004%	$29.6M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2470	0.000%	$67.2M	$51.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2471	+0.040%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2474	+0.165%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2468	−0.088%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2475	+0.189%	$290K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2474	+0.162%	$230K	$760K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2471	+0.045%	$94K	$635K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2471	+0.040%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2472	+0.068%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2472	+0.082%	$8K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2472	+0.061%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2470	−0.002%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2470	0.000%	$48.1M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2473	+0.121%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2471	+0.054%	$537K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2471	+0.040%	$410K	$8.2M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0185%	1h	0.2472	+0.061%	$124K	$457K	15x	as long as short
BloFin ADA-USDTlong	+0.0220%	8h	0.2470	long leg	$4.5M	$5.8M	75x
Deribit ADA_USDC-PERPETUAL	+0.0276%	1h	0.2472	+0.093%	$608K	$542K	50x	as long as short
Reya ADARUSDPERPshort	+0.0276%	1h	0.2471	+0.041%	$1K	—	15x
GMX ADA/USD [WBTC.b-USDC]	L +0.0624% / S −0.0585%	1h	0.2470	+0.002%	$140K	—	100x	as long as short