ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0187%/8h= +20.4% APRnext payment +$0.23 per $10,000 · paid last 24h +0.066%

Price spread now: Reya against Derive−0.039%7-day average — · you buy dearer than you sell

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

Long on Derive 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

Funding pays, the price is against you. Reya is 0.039% cheaper against Derive than usual: you would sell low and buy high (spread −0.039% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$4 on $10k: about 17 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ADA-PERP	0.2445	0.0100	pay 0.0013% / 1h	35m 51s	$40K	$3K	5x
Short	Reya ADARUSDPERP	0.2444	0.0287	get 0.0036% / 1h	35m 51s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Derive. 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 DerivebpFee ReyabpOrdersPrice spread, now −0.039%Rate

Funding earned: $39.21
Price spread: −0.039% → 0.000%: −$3.86
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $23.35
Costs to cover: 0.120%
Break-even: 2.8 days

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Derive and 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 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	0.2445	−0.008%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2446	+0.050%	$153K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	0.000%	$87K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0036%	1h	0.2446	+0.034%	$475K	$354K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2447	+0.091%	$407K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2447	+0.070%	$2.4M	$1.3M	10x	as long as short
Gate ADA_USDT	+0.0097%	8h	0.2443	−0.073%	$96.6M	$57.5M	75x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2445	+0.021%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2446	+0.031%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2445	+0.014%	$156K	$147K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2445	+0.008%	$100.8M	$355.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2446	+0.050%	$70.5M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2445	+0.009%	$31.8M	$105.0M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2444	−0.032%	$52.3M	$56.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2444	−0.024%	$30.3M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2446	+0.050%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2445	+0.009%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2445	+0.009%	$101K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.112%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2442	−0.102%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.129%	$286K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2448	+0.132%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2445	−0.011%	$96K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	+0.009%	$6K	$36K	20x	as long as short
Derive ADA-PERPlong	+0.0100%	1h	0.2445	long leg	$40K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	0.2445	+0.009%	$9K	$758K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	−0.011%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	+0.071%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2445	+0.009%	$47.7M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2445	−0.004%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2444	−0.043%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2447	+0.087%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	+0.255%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERPshort	+0.0287%	1h	0.2444	−0.039%	$1K	—	15x
Kraken Futures PF_ADAUSD	+0.0338%	1h	0.2444	−0.015%	$6.1M	$11.5M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0437% / S −0.0277%	1h	0.2445	+0.005%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−0.195%	$838	$131K	12x	as long as short