Funding you earn now, next payment 04:00 UTC−0.0580%/8h= −63.5% APRnext payment −$0.72 per $10,000 · paid last 24h −0.071%
Price spread now: ApeX Omni against Deribit+0.254%7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$7as in the Price arb table
costs, in and out, $10k−$350.349% of the position
Funding, last 7 days−0.010%−$1 on $10k
+Price spread, last 4 days (all we have)−0.603%−$60 · spread now +0.254%, 7d avg −0.025%
=The price spread pays, funding is against you. ApeX Omni is 0.280% dearer against Deribit than usual: you sell high and buy low (spread +0.254% now, against its 7-day average of −0.025%): +$28 on $10k if it goes back. Holding the pair costs −$17 a day in funding at the current rate, which eats that in about 39 hours. At the pace of the last 7 days (−0.010% in total) that is about 6 months.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.010% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.72 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ADA_USDC-PERPETUAL | 0.2476 | 0.0680 | pay 0.0085% / 1h | 27m 12s | $601K | $488K | 50x |
| Short | ApeX Omni ADAUSDT | 0.2482 | 0.0100 | get 0.0013% / 1h | 27m 12s | $229K | $744K | 50x |
Deribit ADA_USDC-PERPETUAL
ApeX Omni ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Deribit. 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
- −$121.8
- Price spread: +0.254% → −0.025%
- $27.98
- Slippage, 4 orders
- −$17.95
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$128.77
- Costs to cover
- 0.349%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 32 min ago; ApeX Omni: live order book, 32 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 Deribit live order book, 32 min ago | 2.64 bp | 6.1 bp −$6 | 12.6 bp −$126 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 32 min ago | 2.04 bp | 10.3 bp −$10 | 37.5 bp −$375 | doesn't fit | doesn't fit |
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 | 0.2475 | −0.032% | $204K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2474 | −0.069% | $149K | $6.2M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2471 | −0.174% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.190% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2471 | −0.190% | $425K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0091% | 1h | 0.2475 | −0.027% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2478 | +0.113% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2473 | −0.094% | $1.2M | $985K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2477 | +0.044% | $161K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2478 | +0.076% | $105.0M | $370.0M | 75x | as long as short |
dYdX ADA-USD
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 | 0.2472 | −0.149% | $72.1M | $108.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2474 | −0.069% | $33.0M | $105.6M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2471 | −0.190% | $98.6M | $59.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2473 | −0.109% | $60.2M | $60.4M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2474 | −0.069% | $29.9M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2474 | −0.069% | $66.6M | $49.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2472 | −0.149% | — | $20.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2474 | −0.073% | $125K | $442K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2475 | −0.026% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2477 | +0.034% | $66K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2476 | +0.021% | $295K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDTshort | +0.0100% | 1h | 0.2482 | +0.254% | $229K | $744K | 50x | |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2474 | −0.061% | $95K | $688K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2474 | −0.069% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2474 | −0.072% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.109% | $9K | $729K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2475 | −0.008% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2477 | +0.050% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2475 | −0.028% | $48.3M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2474 | −0.053% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2478 | +0.104% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0189% | 1h | 0.2475 | −0.040% | $43.0M | $14.8M | 10x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2482 | +0.234% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2471 | −0.190% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2472 | −0.130% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0596% / S −0.0547% | 1h | 0.2471 | −0.191% | $133K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0680% | 1h | 0.2476 | long leg | $601K | $488K | 50x |
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
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]