ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0198%/8h= −21.7% APRnext payment −$0.25 per $10,000 · paid last 24h +0.055%

Price spread now: Reya against Deribit−0.069%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Reya is 0.069% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ADA_USDC-PERPETUAL	0.2470	0.0479	pay 0.0060% / 1h	27m 17s	$505K	$471K	50x
Short	Reya ADARUSDPERP	0.2468	0.0281	get 0.0035% / 1h	27m 17s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.069%Rate

Funding earned: −$41.56
Price spread: −0.069% → 0.000%: −$6.86
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$61.42
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 41 min ago; Reya: 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, 41 min ago	2.62 bp	6.4 bp −$6	13.0 bp −$130	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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 36 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	0.2467	−0.126%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	−0.176%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.053%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2459	−0.433%	$401K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2469	−0.016%	$43.1M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2468	−0.069%	$1.2M	$970K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2468	−0.079%	$160K	$156K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2468	−0.073%	$103.3M	$373.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2468	−0.069%	$72.6M	$108.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2470	+0.012%	$32.8M	$108.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2467	−0.109%	$98.3M	$59.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2468	−0.069%	$49.6M	$51.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2468	−0.085%	$30.1M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2469	−0.028%	$66.0M	$47.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2466	−0.150%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	−0.207%	$126K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.712%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−0.544%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	−0.517%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2458	−0.474%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2469	−0.036%	$93K	$666K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2468	−0.069%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2469	−0.011%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2466	−0.152%	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2468	−0.073%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	−0.162%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2467	−0.109%	$48.0M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2469	−0.034%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2468	−0.066%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0111%	8h	0.2468	−0.069%	$140K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2461	−0.336%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0192%	1h	0.2470	+0.012%	$2.5M	$1.0M	10x	as long as short
Reya ADARUSDPERPshort	+0.0281%	1h	0.2468	−0.069%	$1K	—	15x
Kraken Futures PF_ADAUSD	+0.0352%	1h	0.2468	−0.082%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2465	−0.182%	$96K	—	100x	as long as short
Deribit ADA_USDC-PERPETUALlong	+0.0479%	1h	0.2470	long leg	$505K	$471K	50x