Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0120%/8h= +13.1% APRpaid last 24h +0.036%

Price spread now: BloFin against Polymarket Perps+0.256%45s7-day average +0.048% · you sell dearer than you buy

Net, funding: paid 7d − costs+$4as 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−$390.388% of the position

Long on Polymarket Perps Short on BloFin

What this pair did over the last

the charts below follow

Funding, last 7 days+0.429%+$43 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now +0.256%, 7d avg +0.048%

Together, before fees+0.347%+$35 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and BloFin is 0.208% dearer against Polymarket Perps than usual: you sell high and buy low: +$21 more if the spread goes back to its 7-day average of +0.048%. The two prices were read 45 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	Polymarket Perps ADA-USD	0.2496	0.0100	pay 0.0013% / 1h	27m 59s	$95K	$618K	10x
Short	BloFin ADA-USDT	0.2502	0.0220	get 0.0220% / 8h	3h 27m	$4.7M	$5.9M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

BloFin against Polymarket Perps. 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 Polymarket PerpsbpFee BloFinbpOrdersPrice spread, now +0.256%Rate

Funding earned: $25.2
Price spread: +0.256% → +0.048%: $20.84
Slippage, 4 orders: −$18.75
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee BloFin: 6 bp × 2 orders: −$12
Net: $7.29
Costs to cover: 0.388%
Break-even: 5.0 days

Slippage from Polymarket Perps: live order book, 25 min ago; BloFin: live order book, 6 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 Polymarket Perps live order book, 25 min ago	3.38 bp	7.4 bp −$7	9.3 bp −$93	doesn't fit	doesn't fit
Sell BloFin live order book, 6 min ago	6.00 bp	12.0 bp −$12	12.0 bp −$120	19.0 bp −$1,900	44.2 bp −$22.1K

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	0.2500	+0.156%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2501	+0.216%	$152K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2493	−0.092%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2493	−0.109%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.986%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2494	−0.064%	$386K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2495	−0.016%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2490	−0.216%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2500	+0.169%	$161K	$169K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2492	−0.135%	$106.3M	$383.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2491	−0.184%	$75.2M	$113.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2492	−0.144%	$33.4M	$110.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2491	−0.184%	$101.9M	$61.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2489	−0.264%	$60.1M	$62.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2491	−0.168%	$29.9M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2491	−0.184%	$67.7M	$51.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2489	−0.264%	—	$20.0M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2504	+0.339%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2504	+0.323%	$67K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2504	+0.350%	$303K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2505	+0.377%	$231K	$753K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2496	long leg	$95K	$618K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2493	−0.104%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2493	−0.093%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2495	−0.026%	$9K	$737K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2493	−0.084%	$343	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2493	−0.115%	$1.4M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2494	−0.064%	$48.6M	$6.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2497	+0.075%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2491	−0.193%	$543K	$1.8M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2510	+0.557%	$4K	$95K	10x	as long as short
BloFin ADA-USDTshort	+0.0220%	8h	0.2502	+0.256%	$4.7M	$5.9M	75x
Reya ADARUSDPERP	+0.0277%	1h	0.2494	−0.046%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0290%	1h	0.2492	−0.156%	$138K	$461K	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0312%	1h	0.2494	−0.068%	$613K	$533K	50x	as long as short
Hyperliquid ADA	+0.0457%	1h	0.2495	−0.032%	$44.6M	$16.0M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0615% / S −0.0569%	1h	0.2493	−0.115%	$138K	—	100x	as long as short