Funding you earn now, next payment 08:00 UTC−0.0304%/8h= −33.3% APRnext payment −$0.38 per $10,000 · paid last 24h −0.096%
Price spread now: Derive against Deribit−0.231%182s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Derive is 0.231% cheaper against Deribit than usual: you would sell low and buy high (−$23 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 182 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 | Deribit ADA_USDC-PERPETUAL | 0.2450 | 0.0404 | pay 0.0050% / 1h | 14m 41s | $624K | $614K | 50x |
| Short | Derive ADA-PERP | 0.2444 | 0.0100 | get 0.0013% / 1h | 14m 41s | $40K | $4K | 5x |
Deribit ADA_USDC-PERPETUAL
Derive ADA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$63.84
- Price spread: −0.231% → 0.000%
- −$23.08
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$99.92
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 24 min ago; Derive: 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 Deribit live order book, 24 min ago | 3.07 bp | 6.6 bp −$7 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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 | 0.2451 | +0.038% | $202K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2447 | −0.087% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.874% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2452 | +0.082% | $2.4M | $1.0M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2448 | −0.065% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2451 | +0.057% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2451 | +0.044% | $157K | $180K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2451 | +0.057% | $103.4M | $407.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2450 | +0.016% | $73.0M | $126.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2450 | +0.016% | $32.5M | $118.7M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Orderly PERP_ADA_USDC
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 | 0.2449 | −0.024% | $100.0M | $65.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2450 | +0.016% | $51.8M | $65.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2451 | +0.061% | $29.6M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2450 | +0.016% | $66.5M | $54.0M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2450 | +0.016% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2449 | −0.037% | $139K | $484K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2448 | −0.060% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2446 | −0.156% | $65K | $289K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2444 | −0.241% | $295K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2444 | −0.229% | $76K | $894K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2447 | −0.086% | $124K | $1.3M | 10x | as long as short |
| Derive ADA-PERPshort | +0.0100% | 1h | 0.2444 | −0.231% | $40K | $4K | 5x | |
| SunX ADA-USDT | +0.0100% | 8h | 0.2449 | −0.028% | $8K | $755K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2447 | −0.086% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2450 | +0.011% | $1.3M | $7.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2447 | −0.106% | $47.4M | $7.6M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0103% | 8h | 0.2449 | −0.024% | $232K | $7.7M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2449 | −0.028% | $503K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2452 | +0.111% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0117% | 1h | 0.2452 | +0.106% | $43.2M | $18.2M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0144% | 1h | 0.2447 | −0.106% | $377K | $8.4M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2448 | −0.065% | $4.5M | $5.9M | 75x | as long as short |
| Phoenix ADA | +0.0228% | 1h | 0.2443 | −0.257% | $2K | $112K | 10x | as long as short |
| Reya ADARUSDPERP | +0.0273% | 1h | 0.2447 | −0.104% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0280% | 1h | 0.2447 | −0.111% | $6.3M | $14.0M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0369% / S −0.0295% | 1h | 0.2448 | −0.066% | $87K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0404% | 1h | 0.2450 | long leg | $624K | $614K | 50x |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Phoenix ADA
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]