Funding you earn now, next payment 04:00 UTC−0.0100%/8h= −10.9% APRnext payment −$0.13 per $10,000 · paid last 24h −0.023%
Price spread now: dYdX against ApeX Omni−0.383%50s7-day average −0.032% · you buy dearer than you sell
Net, funding: paid 7d − costs−$326as 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−$3103.102% of the position
Funding, last 7 days−0.160%−$16 on $10k
+Price spread, last 4 days (all we have)+0.201%+$20 · spread now −0.383%, 7d avg −0.032%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.352% cheaper against ApeX Omni than usual: you would sell low and buy high (−$35 if the spread goes back to its 7-day average of −0.032%). Swap the legs. The two prices were read 50 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 | ApeX Omni ADAUSDT | 0.2457 | 0.0100 | pay 0.0013% / 1h | 49m 59s | $227K | $741K | 50x |
| Short | dYdX ADA-USD | 0.2448 | 0 | get 0.0000% / 1h | 49m 59s | $201K | $3K | 10x |
ApeX Omni ADAUSDT
dYdX ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$21
- Price spread: −0.383% → −0.032%
- −$35.15
- Slippage, 4 orders
- −$290.18
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$366.34
- Costs to cover
- 3.102%
- Break-even
- never at this rate
Slippage from ApeX Omni: live order book, 9 min ago; dYdX: live order book, 9 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, 9 min ago | 2.04 bp | 8.5 bp −$9 | 40.9 bp −$409 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 9 min ago | 140.67 bp | 145.7 bp −$146 | 145.7 bp −$1,457 | 194.9 bp −$19.5K | 663.1 bp −$331.5K |
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-USDshort | 0.0000% | 1h | 0.2448 | −0.383% | $201K | $3K | 10x | |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2452 | −0.204% | $153K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2448 | −0.352% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.570% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2448 | −0.366% | $429K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0092% | 1h | 0.2448 | −0.380% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2450 | −0.301% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2448 | −0.378% | $1.2M | $982K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2450 | −0.293% | $159K | $161K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2447 | −0.415% | $103.4M | $372.5M | 75x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2447 | −0.407% | $71.4M | $111.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2448 | −0.366% | $32.5M | $105.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2446 | −0.448% | $97.9M | $58.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2445 | −0.488% | $61.0M | $59.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2446 | −0.452% | $29.5M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2447 | −0.407% | $65.7M | $50.1M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2447 | −0.407% | — | $20.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2447 | −0.387% | $124K | $444K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2448 | −0.363% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2459 | +0.062% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2458 | +0.025% | $287K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDTlong | +0.0100% | 1h | 0.2457 | long leg | $227K | $741K | 50x | |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2449 | −0.309% | $92K | $685K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2448 | −0.366% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2448 | −0.355% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2450 | −0.284% | $9K | $740K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2448 | −0.350% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2449 | −0.340% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2447 | −0.407% | $47.7M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | −0.474% | $530K | $1.8M | 50x | as long as short |
| Hyperliquid ADA | +0.0105% | 1h | 0.2449 | −0.338% | $42.5M | $14.9M | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.0106% | 8h | 0.2453 | −0.168% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2454 | −0.130% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2452 | −0.204% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2449 | −0.346% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0608% | 1h | 0.2450 | −0.297% | $585K | $486K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0624% / S −0.0463% | 1h | 0.2448 | −0.374% | $149K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Hyperliquid ADA
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]