Funding you earn now, next payment 00:00 UTC−0.0040%/8h= −4.4% APRnext payment −$0.05 per $10,000 · paid last 24h −0.014%
Price spread now: dYdX against Coinbase International+0.666%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$214as in the Funding arb table
Net, price: spread back to 7d avg − costs−$148as in the Price arb table
costs, in and out, $10k−$2132.135% of the position
Funding, last 7 days−0.006%−$1 on $10k
+Price spread, last 3 days (all we have)−0.742%−$74 · spread now +0.666%, 7d avg +0.011%
=The price spread pays, funding is against you. dYdX is 0.656% dearer against Coinbase International than usual: you sell high and buy low (spread +0.666% now, against its 7-day average of +0.011%): +$66 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 55 days. At the pace of the last 7 days (−0.006% in total) that is about years.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ADA-PERP-INTX | 0.2456 | 0.0040 | pay 0.0005% / 1h | 16m 44s | $410K | $7.3M | 50x |
| Short | dYdX ADA-USD | 0.2472 | 0 | get 0.0000% / 1h | 16m 44s | $203K | $4K | 10x |
Coinbase International ADA-PERP-INTX
dYdX ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Coinbase International. 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
- −$8.4
- Price spread: +0.666% → +0.011%
- $65.56
- Slippage, 4 orders
- −$193.45
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$156.29
- Costs to cover
- 2.135%
- Break-even
- never at this rate
Slippage from Coinbase International: live order book, 2 min ago; dYdX: live order book, 57 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 Coinbase International live order book, 2 min ago | 6.11 bp | 12.5 bp −$13 | 19.7 bp −$197 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 57 min ago | 89.91 bp | 94.9 bp −$95 | 164.7 bp −$1,647 | 175.4 bp −$17.5K | 176.8 bp −$88.4K |
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 | 0.2472 | +0.666% | $203K | $4K | 10x | |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2467 | +0.448% | $189K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2467 | +0.467% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.611% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXlong | +0.0040% | 1h | 0.2456 | long leg | $410K | $7.3M | 50x | |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2468 | +0.497% | $6.2M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2466 | +0.407% | $4K | $84K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2473 | +0.696% | $1.2M | $951K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2474 | +0.750% | $159K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2474 | +0.750% | $103.1M | $365.7M | 75x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Kraken Futures PF_ADAUSD
Phoenix 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 | 0.2474 | +0.733% | $72.7M | $104.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2475 | +0.774% | $32.8M | $107.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2471 | +0.611% | $98.8M | $59.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2471 | +0.611% | $53.3M | $51.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2472 | +0.664% | $30.4M | $17.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2473 | +0.692% | $66.4M | $44.4M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2471 | +0.611% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2471 | +0.615% | $132K | $417K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2465 | +0.370% | $4.2M | $967K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2466 | +0.414% | $65K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2466 | +0.407% | $292K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2466 | +0.407% | $56K | $585K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2468 | +0.489% | $94K | $649K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2467 | +0.448% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2469 | +0.512% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2469 | +0.529% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2468 | +0.493% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2469 | +0.523% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2469 | +0.529% | $48.2M | $5.7M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2472 | +0.650% | $537K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2467 | +0.450% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0184% | 1h | 0.2476 | +0.806% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2467 | +0.448% | $4.4M | $5.5M | 75x | as long as short |
| Hyperliquid ADA | +0.0223% | 1h | 0.2475 | +0.782% | $43.2M | $14.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2468 | +0.490% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0627% / S −0.0393% | 1h | 0.2466 | +0.402% | $142K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4757% | 1h | 0.2529 | +2.972% | $508K | $434K | 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
Extended ADA-USD
Paradex ADA-USD-PERP
Lighter ADA
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL