ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.004%

Price spread now: Polymarket Perps against Deribit−0.102%7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$5,563as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5,552as in the Price arb table

costs, in and out, $10k−$5,54655.455% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.176%−$18 on $10k

Price spread, last 3 days (all we have)−0.330%−$33 · spread now −0.102%, 7d avg −0.041%

Together, before fees−0.506%−$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.061% cheaper against Deribit than usual: you would sell low and buy high (spread −0.102% now, against its 7-day average of −0.041%). If the spread goes back, that is −$6 on $10k: about 2.0 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.176%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ADA_USDC-PERPETUAL	0.2450	0	get 0.0000% / 1h	53m 51s	$476K	$358K	50x
Short	Polymarket Perps ADA-USD	0.2447	0.0100	get 0.0013% / 1h	53m 51s	$96K	$701K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.102%Rate

Funding earned: $21
Price spread: −0.102% → −0.041%: −$6.1
Slippage, 4 orders: −$5,530.55
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$5,530.65
Costs to cover: 55.455%
Break-even: 1850.5 days

Slippage from Deribit: live order book, 35 min ago; Polymarket Perps: live order book, 34 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, 35 min ago	24.09 bp	5502.8 bp −$5,503	doesn't fit	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 34 min ago	2.23 bp	7.0 bp −$7	9.7 bp −$97	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	0.2452	+0.094%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.053%	$153K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUALlong	0.0000%	1h	0.2450	long leg	$476K	$358K	50x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2449	−0.038%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2448	−0.069%	$380K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2452	+0.073%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2450	−0.004%	$42.4M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2450	−0.004%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	+0.127%	$157K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2451	+0.069%	$101.1M	$355.9M	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	+0.053%	$70.7M	$100.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	+0.053%	$32.2M	$105.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.069%	$97.0M	$57.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	+0.012%	$52.8M	$56.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	+0.004%	$30.6M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2451	+0.053%	$65.4M	$42.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2451	+0.053%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	−0.024%	$104K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	+0.155%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	+0.193%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.147%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	+0.094%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2447	−0.102%	$96K	$701K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	−0.029%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	+0.001%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2448	−0.071%	$9K	$761K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2449	−0.029%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	−0.108%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.029%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2450	+0.007%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	+0.023%	$563K	$1.8M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2454	+0.155%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.298%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2447	−0.091%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2450	−0.007%	$6.1M	$11.6M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0520% / S −0.0277%	1h	0.2449	−0.009%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.298%	$844	$95K	12x	as long as short