Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Bybit against Derive−0.067%7-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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.067% cheaper against Derive than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ADA-PERP | 0.2465 | 0.0100 | pay 0.0013% / 1h | 56m 13s | $40K | $2K | 5x |
| Short | Bybit ADAUSDT | 0.2463 | 0.0100 | get 0.0100% / 8h | 4h 56m | $71.9M | $111.2M | 75x |
Derive ADA-PERP
Bybit ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Derive. 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
- $0
- Price spread: −0.067% → 0.000%
- −$6.72
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$23.72
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; Bybit: live order book, 3 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 3 min ago | 2.03 bp | 7.5 bp −$8 | 12.6 bp −$126 | 37.0 bp −$3,698 | 133.6 bp −$66.8K |
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 | 0.2462 | −0.088% | $203K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2460 | −0.189% | $140K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2463 | −0.049% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.257% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2460 | −0.189% | $412K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0092% | 1h | 0.2464 | −0.023% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2466 | +0.042% | $2.4M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2466 | +0.046% | $42.8M | $14.9M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2464 | −0.027% | $1.2M | $979K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2462 | −0.101% | $160K | $161K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2465 | +0.014% | $104.1M | $372.5M | 75x | as long as short |
| Bybit ADAUSDTshort | +0.0100% | 8h | 0.2463 | −0.067% | $71.9M | $111.2M | 75x | |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2464 | −0.027% | $32.8M | $106.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2463 | −0.067% | $98.8M | $58.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2464 | −0.027% | $61.4M | $59.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2464 | −0.035% | $29.7M | $15.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2464 | −0.027% | $66.2M | $50.0M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2464 | −0.027% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2465 | +0.026% | $126K | $444K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2454 | −0.432% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2455 | −0.388% | $65K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.467% | $293K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2456 | −0.351% | $226K | $739K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2464 | −0.019% | $92K | $683K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2463 | −0.067% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERPlong | +0.0100% | 1h | 0.2465 | long leg | $40K | $2K | 5x | |
| SunX ADA-USDT | +0.0100% | 8h | 0.2464 | −0.026% | $8K | $742K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2464 | −0.023% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2465 | +0.021% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2464 | −0.027% | $48.0M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2464 | −0.028% | $533K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0107% | 8h | 0.2464 | −0.032% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2456 | −0.351% | $4K | $89K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2457 | −0.311% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2465 | −0.006% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0548% / S −0.0339% | 1h | 0.2463 | −0.064% | $122K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0603% | 1h | 0.2465 | +0.030% | $589K | $485K | 50x | as long as short |
Binance ADAUSDT
OKX ADA-USDT-SWAP
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
Orderly PERP_ADA_USDC
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL