Funding you earn now, next payment 03:00 UTC−0.0453%/8h= −49.6% APRnext payment −$0.57 per $10,000 · paid last 24h −0.070%
Price spread now: Extended against Deribit−0.086%7-day average −0.067% · you buy dearer than you sell
Net, funding: paid 7d − costs−$30as in the Funding arb table
Net, price: spread back to 7d avg − costs−$23as in the Price arb table
costs, in and out, $10k−$210.208% of the position
Funding, last 7 days−0.092%−$9 on $10k
+Price spread, last 4 days (all we have)−0.380%−$38 · spread now −0.086%, 7d avg −0.067%
=Together, before fees−0.471%+ Points / potential airdropExtended: Active · farm board−$47 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.067%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.092% in total (about -4.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.57 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 | 0.2482 | 0.0557 | pay 0.0070% / 1h | 16m 48s | $586K | $442K | 50x |
| Short | Extended ADA-USD | 0.2479 | 0.0104 | get 0.0013% / 1h | 16m 48s | $539K | $1.8M | 50x |
Deribit ADA_USDC-PERPETUAL
Extended ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- −$95.13
- Price spread: −0.086% → −0.067%
- −$1.97
- Slippage, 4 orders
- −$8.79
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$117.89
- Costs to cover
- 0.208%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 47 min ago; Extended: live order book, 2 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, 47 min ago | 1.63 bp | 5.1 bp −$5 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell Extended live order book, 2 min ago | 2.02 bp | 4.5 bp −$5 | 9.6 bp −$96 | 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 | 0.2479 | −0.093% | $204K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2479 | −0.085% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.423% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2480 | −0.060% | $414K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2481 | −0.034% | $1.2M | $999K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2481 | −0.039% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2480 | −0.043% | $105.4M | $371.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2480 | −0.060% | $72.4M | $110.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2481 | −0.020% | $33.0M | $107.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2479 | −0.101% | $99.7M | $60.4M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | +0.0100% | 8h | 0.2479 | −0.101% | $59.2M | $60.4M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2482 | 0.000% | $29.9M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2480 | −0.060% | $66.6M | $49.4M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2481 | −0.020% | — | $19.9M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2482 | +0.040% | $139K | $433K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2495 | +0.546% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2487 | +0.203% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2486 | +0.170% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2496 | +0.584% | $230K | $736K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2480 | −0.040% | $95K | $678K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2481 | −0.020% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2480 | −0.042% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2483 | +0.060% | $9K | $745K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2480 | −0.040% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2481 | −0.004% | $1.3M | $6.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2481 | −0.020% | $48.3M | $6.5M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0103% | 8h | 0.2480 | −0.060% | $160K | $6.3M | 3.2x | as long as short |
| Extended ADA-USDshort | +0.0104% | 1h | 0.2479 | −0.086% | $539K | $1.8M | 50x | |
| Paradex ADA-USD-PERP | +0.0110% | 8h | 0.2481 | −0.033% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0134% | 1h | 0.2482 | +0.010% | $43.2M | $14.4M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2486 | +0.173% | $4K | $90K | 10x | as long as short |
| Lighter ADA | +0.0176% | 1h | 0.2482 | +0.016% | $2.4M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2482 | +0.020% | $4.5M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0259% | 1h | 0.2480 | −0.068% | $6.3M | $12.7M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2480 | −0.042% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0486% / S −0.0279% | 1h | 0.2481 | −0.031% | $109K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0557% | 1h | 0.2482 | long leg | $586K | $442K | 50x |
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
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]