Funding you earn now, next payment 05:00 UTC−0.0097%/8h= −10.6% APRnext payment −$0.12 per $10,000 · paid last 24h −0.029%
Price spread now: gTrade (Gains Network) against Derive−0.064%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and gTrade (Gains Network) is 0.064% cheaper against Derive than usual: you would sell low and buy high (−$6 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 | Derive ADA-PERP | 0.2501 | 0.0100 | pay 0.0013% / 1h | 31m 26s | $41K | $2K | 5x |
| Short | gTrade (Gains Network) ADA/USD | 0.2499 | L +0.0005% / S −0.0003% | get 0.0000% / 1h | 31m 26s | $85K | — | 150x |
Derive ADA-PERP
gTrade (Gains Network) ADA/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$20.35
- Price spread: −0.064% → 0.000%
- −$6.45
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$42.8
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Derive: no order-book sample; gTrade (Gains Network): 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 Derive no order-book sample | — | — | — | — | — |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
Derive and gTrade (Gains Network): 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 | 0.2501 | −0.006% | $206K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2502 | +0.045% | $152K | $6.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USDshort | L +0.0005% / S −0.0003% | 1h | 0.2499 | −0.064% | $85K | — | 150x | |
| Kraken Futures PF_ADAUSD | +0.0025% | 1h | 0.2500 | −0.035% | $6.4M | $13.0M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.195% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2500 | −0.035% | $392K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2504 | +0.125% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2504 | +0.116% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2502 | +0.049% | $161K | $170K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2505 | +0.168% | $106.9M | $383.1M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2505 | +0.165% | $75.1M | $112.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2507 | +0.245% | $33.6M | $111.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2500 | −0.035% | $102.2M | $60.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2506 | +0.205% | $61.2M | $61.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2502 | +0.033% | $30.1M | $15.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2506 | +0.205% | $68.2M | $51.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2502 | +0.045% | — | $6.5M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2508 | +0.287% | $4.4M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2501 | +0.004% | $67K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2501 | −0.010% | $302K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2500 | −0.035% | $230K | $753K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2507 | +0.237% | $96K | $617K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2500 | −0.035% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERPlong | +0.0100% | 1h | 0.2501 | long leg | $41K | $2K | 5x | |
| SunX ADA-USDT | +0.0100% | 8h | 0.2501 | +0.003% | $9K | $738K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2500 | −0.015% | $344 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2500 | −0.039% | $1.4M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2500 | −0.035% | $48.7M | $6.9M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2502 | +0.035% | $542K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0113% | 8h | 0.2500 | −0.016% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2502 | +0.029% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2501 | +0.005% | $4.6M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0277% | 1h | 0.2506 | +0.223% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0311% | 1h | 0.2500 | −0.023% | $139K | $461K | 15x | as long as short |
| Hyperliquid ADA | +0.0476% | 1h | 0.2509 | +0.309% | $44.9M | $16.0M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0550% | 1h | 0.2502 | +0.033% | $621K | $523K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0616% / S −0.0569% | 1h | 0.2500 | −0.052% | $139K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
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
Backpack ADA_USDC_PERP
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]