Funding you earn now, next payment 22:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.011%
Price spread now: Phoenix against Aster−0.423%105s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.279%−$28 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Funding pays, the price is against you. Phoenix is 0.423% cheaper against Aster than usual: you would sell low and buy high (spread −0.423% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$42 on $10k: about 46 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.279%, so the current rate has only just turned in your favour. The two prices were read 105 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 | Aster ADAUSDT | 0.2473 | 0.0100 | pay 0.0100% / 8h | 1h 41m | $1.2M | $919K | 75x |
| Short | Phoenix ADA | 0.2463 | 0.0131 | get 0.0016% / 1h | 41m 48s | $4K | $74K | 10x |
Aster ADAUSDT
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Aster. 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
- $6.46
- Price spread: −0.423% → 0.000%
- −$42.32
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$50.87
- Costs to cover
- 0.150%
- Break-even
- 62.2 days
Slippage unknown: Aster: live order book, 1 min ago; Phoenix: 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 Aster live order book, 1 min ago | 2.02 bp | 13.2 bp −$13 | 35.3 bp −$353 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | −0.057% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2470 | −0.132% | $160K | $5.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2471 | −0.108% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0064% | 1h | 0.2471 | −0.092% | $422K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0094% | 1h | 0.2471 | −0.077% | $6.2M | $11.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2474 | +0.046% | $2.5M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2475 | +0.058% | $42.9M | $14.5M | 10x | as long as short |
| Aster ADAUSDTlong | +0.0100% | 8h | 0.2473 | long leg | $1.2M | $919K | 75x | |
| Pacifica ADA | +0.0100% | 1h | 0.2469 | −0.153% | $158K | $147K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2473 | +0.001% | $102.3M | $355.8M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Hyperliquid ADA
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 | 0.2473 | −0.011% | $71.8M | $100.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2473 | −0.011% | $32.1M | $105.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2473 | −0.011% | $97.6M | $57.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2474 | +0.030% | $53.5M | $50.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2472 | −0.047% | $30.5M | $18.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2473 | −0.011% | $66.2M | $42.9M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2474 | +0.030% | — | $20.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2472 | −0.043% | $102K | $417K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2458 | −0.607% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2463 | −0.428% | $66K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2462 | −0.439% | $297K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2464 | −0.375% | $56K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2470 | −0.112% | $97K | $626K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2471 | −0.092% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2472 | −0.058% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2472 | −0.052% | $9K | $755K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2472 | −0.071% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2472 | −0.064% | $1.3M | $5.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2471 | −0.092% | $48.2M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2470 | −0.142% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2473 | −0.029% | $559K | $1.8M | 50x | as long as short |
| Phoenix ADAshort | +0.0131% | 1h | 0.2463 | −0.423% | $4K | $74K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2465 | −0.334% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0285% | 1h | 0.2471 | −0.083% | $1K | — | 15x | as long as short |
| Injective ADA/USDC PERP | +0.0288% | 1h | 0.2445 | −1.143% | $840 | $168K | 12x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0567% / S −0.0313% | 1h | 0.2470 | −0.119% | $123K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4760% | 1h | 0.2533 | +2.407% | $492K | $349K | 50x | 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
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
BloFin ADA-USDT
Reya ADARUSDPERP
Injective ADA/USDC PERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL