ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0176%/8h= +19.3% APRnext payment +$0.22 per $10,000 · paid last 24h +0.057%

Price spread now: Reya against Backpack−0.039%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.039% cheaper against Backpack than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ADA_USDC_PERP	0.2442	0.0100	pay 0.0013% / 1h	39m 10s	$116K	$469K	15x
Short	Reya ADARUSDPERP	0.2441	0.0276	get 0.0034% / 1h	39m 10s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now −0.039%Rate

Funding earned: $36.95
Price spread: −0.039% → 0.000%: −$3.9
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $17.05
Costs to cover: 0.160%
Break-even: 3.8 days

Slippage unknown: Backpack: live order book, 10 min ago; Reya: 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, 10 min ago	0.61 bp	6.9 bp −$7	9.1 bp −$91	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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	0.2442	+0.037%	$201K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2443	+0.061%	$157K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	+0.039%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2441	−0.002%	$6.2M	$13.3M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2459	+0.709%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.208%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.066%	$2.4M	$989K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	+0.020%	$42.2M	$17.0M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	+0.034%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.080%	$156K	$170K	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	0.2442	+0.026%	$103.0M	$395.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2441	−0.020%	$71.4M	$119.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2442	+0.020%	$32.6M	$112.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2442	+0.020%	$99.0M	$62.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	−0.020%	$58.2M	$63.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2442	+0.020%	$29.3M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2441	−0.020%	$66.3M	$52.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2443	+0.061%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERPlong	+0.0100%	1h	0.2442	long leg	$116K	$469K	15x
Variational Omni ADA	+0.0100%	8h	0.2456	+0.598%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	+0.947%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	+0.716%	$293K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.635%	$228K	$761K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2440	−0.078%	$110K	$746K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	+0.061%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2444	+0.087%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.061%	$8K	$749K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2442	+0.004%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2443	+0.042%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	+0.020%	$47.6M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2443	+0.073%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	+0.015%	$531K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2442	+0.020%	$383K	$8.2M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2441	−0.020%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERPshort	+0.0276%	1h	0.2441	−0.039%	$1K	—	15x
Deribit ADA_USDC-PERPETUAL	+0.0323%	1h	0.2444	+0.098%	$602K	$549K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0620% / S −0.0585%	1h	0.2443	+0.048%	$138K	—	100x	as long as short