ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.004%

Price spread now: Deribit against ApeX Omni−0.430%7-day average +0.025% · you buy dearer than you sell

Net, funding: paid 7d − costs−$44as in the Funding arb table

Net, price: spread back to 7d avg − costs−$83as in the Price arb table

costs, in and out, $10k−$380.376% of the position

Long on ApeX Omni Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days−0.061%−$6 on $10k

Price spread, last 3 days (all we have)+0.778%+$78 · spread now −0.430%, 7d avg +0.025%

Together, before fees+0.717%+$72 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 Deribit is 0.455% cheaper against ApeX Omni than usual: you would sell low and buy high (−$46 if the spread goes back to its 7-day average of +0.025%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2465	0.0100	pay 0.0013% / 1h	53m 24s	$56K	$579K	50x
Short	Deribit ADA_USDC-PERPETUAL	0.2454	0	get 0.0000% / 1h	53m 24s	$477K	$350K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against ApeX Omni. 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 ApeX OmnibpFee DeribitbpOrdersPrice spread, now −0.430%Rate

Funding earned: −$21
Price spread: −0.430% → +0.025%: −$45.54
Slippage, 4 orders: −$20.63
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$104.17
Costs to cover: 0.376%
Break-even: never at this rate

Slippage from ApeX Omni: live order book, 29 min ago; Deribit: live order book, 30 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 ApeX Omni live order book, 29 min ago	4.06 bp	13.1 bp −$13	42.7 bp −$427	doesn't fit	doesn't fit
Sell Deribit live order book, 30 min ago	3.05 bp	7.3 bp −$7	14.5 bp −$145	doesn't fit	doesn't fit

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	0.2457	−0.342%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2465	0.000%	$154K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUALshort	0.0000%	1h	0.2454	−0.430%	$477K	$350K	50x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	−0.438%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2463	−0.081%	$409K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2454	−0.462%	$6.2M	$11.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2459	−0.256%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2456	−0.373%	$42.5M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	−0.365%	$1.2M	$998K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	−0.313%	$157K	$147K	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	0.2455	−0.408%	$101.8M	$355.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2453	−0.487%	$70.6M	$99.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	−0.446%	$31.8M	$105.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2453	−0.487%	$96.7M	$57.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	−0.446%	$52.9M	$50.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	−0.365%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	−0.446%	$65.7M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2454	−0.446%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	−0.231%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.191%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2464	−0.058%	$66K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	−0.040%	$298K	$3.9M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2465	long leg	$56K	$579K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	−0.389%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.446%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	−0.441%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2459	−0.245%	$9K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	−0.442%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	−0.427%	$1.3M	$5.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.527%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2457	−0.314%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	−0.482%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2454	−0.442%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	−0.325%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2455	−0.417%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2445	−0.811%	$840	$168K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2454	−0.460%	$122K	—	100x	as long as short