Funding you earn now, next payment 09:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.001%
Price spread now: Orderly against Backpack−0.142%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Orderly is 0.142% cheaper against Backpack than usual: you would sell low and buy high, −$14 on $10k if it 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 | Backpack ADA_USDC_PERP | 0.2470 | 0.0100 | pay 0.0013% / 1h | 23m 14s | $138K | $482K | 15x |
| Short | Orderly PERP_ADA_USDC | 0.2467 | 0.0100 | get 0.0100% / 8h | 7h 23m | $6K | $5K | 20x |
Backpack ADA_USDC_PERP
Orderly PERP_ADA_USDCFunding history
latest
Range statsloading…
Price spread between the two exchanges
Orderly against Backpack. 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
- $0
- Price spread: −0.142% → 0.000%
- −$14.17
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$30.17
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 11 min ago; Orderly: 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 Backpack live order book, 11 min ago | 0.20 bp | 7.6 bp −$8 | 11.1 bp −$111 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2466 | −0.182% | $175K | $7.7M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2465 | −0.207% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.020% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2469 | −0.053% | $2.4M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2466 | −0.170% | $43.3M | $18.2M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2468 | −0.101% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2464 | −0.266% | $158K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2469 | −0.061% | $104.3M | $405.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2469 | −0.061% | $73.5M | $126.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2470 | −0.020% | $32.8M | $118.8M | 50x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2464 | −0.263% | $100.8M | $62.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2468 | −0.101% | $59.1M | $68.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2468 | −0.089% | $29.7M | $15.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2469 | −0.061% | $66.9M | $53.7M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2469 | −0.061% | — | $20.2M | — | as long as short |
| Backpack ADA_USDC_PERPlong | +0.0100% | 1h | 0.2470 | long leg | $138K | $482K | 15x | |
| Variational Omni ADA | +0.0100% | 8h | 0.2441 | −1.193% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2448 | −0.919% | $65K | $288K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2449 | −0.889% | $290K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | −1.154% | $74K | $895K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2464 | −0.263% | $117K | $1.4M | 10x | as long as short |
| Orderly PERP_ADA_USDCshort | +0.0100% | 8h | 0.2467 | −0.142% | $6K | $5K | 20x | |
| Derive ADA-PERP | +0.0100% | 1h | 0.2438 | −1.301% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2469 | −0.047% | $8K | $747K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2469 | −0.081% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2466 | −0.175% | $1.3M | $7.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2467 | −0.142% | $47.7M | $7.6M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2464 | −0.249% | $21K | — | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2466 | −0.169% | $542K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2448 | −0.911% | $365K | $8.4M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2449 | −0.854% | $2K | $113K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0198% | 1h | 0.2469 | −0.079% | $6.4M | $14.0M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2464 | −0.263% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0272% | 1h | 0.2465 | −0.243% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0370% / S −0.0295% | 1h | 0.2467 | −0.142% | $88K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0682% | 1h | 0.2469 | −0.045% | $636K | $740K | 50x | as long as short |
| dYdX ADA-USD | +0.0774% | 1h | 0.2450 | −0.811% | $205K | $5K | 10x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
Phoenix ADA
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL
dYdX ADA-USD