ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0065%/8h= +7.1% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Deribit+0.028%7-day average −0.028% · you sell dearer than you buy

Net, funding: paid 7d − costs−$24as in the Funding arb table

Net, price: spread back to 7d avg − costs−$26as in the Price arb table

costs, in and out, $10k−$320.317% of the position

Long on Deribit Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.073%+$7 on $10k

Price spread, last 3 days (all we have)−0.160%−$16 · spread now +0.028%, 7d avg −0.028%

Together, before fees−0.087%+ Points / potential airdropPacifica: Active · farm board−$9 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Pacifica is 0.056% dearer against Deribit than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of −0.028%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ADA_USDC-PERPETUAL	0.2453	0.0035	pay 0.0004% / 1h	34m 58s	$493K	$430K	50x
Short	Pacifica ADA	0.2453	0.0100	get 0.0013% / 1h	34m 58s	$158K	$145K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Deribit. 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 DeribitbpFee PacificabpOrdersPrice spread, now +0.028%Rate

Funding earned: $13.65
Price spread: +0.028% → −0.028%: $5.6
Slippage, 4 orders: −$16.67
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$12.42
Costs to cover: 0.317%
Break-even: 13.4 days

Slippage from Deribit: live order book, 44 min ago; Pacifica: live order book, 43 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, 44 min ago	2.85 bp	9.6 bp −$10	16.0 bp −$160	doesn't fit	doesn't fit
Sell Pacifica live order book, 43 min ago	2.03 bp	6.1 bp −$6	doesn't fit	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	0.2455	+0.077%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2454	+0.049%	$175K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.007%	$84K	—	150x	as long as short
Deribit ADA_USDC-PERPETUALlong	+0.0035%	1h	0.2453	long leg	$493K	$430K	50x
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2453	+0.008%	$405K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2454	+0.049%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2453	+0.024%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	+0.019%	$1.2M	$925K	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2453	+0.028%	$158K	$145K	10x
Binance ADAUSDT	+0.0100%	8h	0.2452	−0.023%	$101.9M	$362.4M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2451	−0.073%	$71.5M	$102.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	−0.033%	$32.3M	$106.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2451	−0.073%	$97.3M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	−0.033%	$52.9M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	−0.012%	$30.1M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2453	+0.008%	$65.8M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2453	+0.008%	—	$18.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2453	+0.012%	$110K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	+0.058%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	+0.147%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	+0.158%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.171%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	−0.004%	$95K	$627K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2452	−0.033%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2453	−0.007%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	−0.033%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	−0.033%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	+0.015%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.033%	$47.9M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2453	+0.023%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	−0.029%	$554K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2452	−0.029%	$6.2M	$11.6M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2459	+0.245%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	+0.008%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.742%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2452	−0.028%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2452	−0.031%	$122K	—	100x	as long as short