ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 21:00 UTC+0.0056%/8h= +6.1% APRnext payment +$0.07 per $10,000 · paid last 24h +0.011%

Price spread now: Coinbase International against dYdX−0.058%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$341as in the Funding arb table

Net, price: spread back to 7d avg − costs−$346as in the Price arb table

costs, in and out, $10k−$3413.414% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.007%+$1 on $10k

Price spread, last 3 days (all we have)+0.155%+$16 · spread now −0.058%, 7d avg −0.013%

Together, before fees+0.162%+$16 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.046% cheaper against dYdX than usual: you would sell low and buy high (spread −0.058% now, against its 7-day average of −0.013%). If the spread goes back, that is −$5 on $10k: about 2.7 days of funding at the current rate (+$2 a day). At the pace of the last 7 days (+0.007% in total) that is about 47 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2447	0	get 0.0000% / 1h	45m 44s	$201K	$4K	10x
Short	Coinbase International ADA-PERP-INTX	0.2446	0.0056	get 0.0007% / 1h	45m 44s	$409K	$7.2M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.058%Rate

Funding earned: $11.76
Price spread: −0.058% → −0.013%: −$4.57
Slippage, 4 orders: −$321.41
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$334.22
Costs to cover: 3.414%
Break-even: 205.9 days

Slippage from dYdX: live order book, 43 min ago; Coinbase International: live order book, 3 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 dYdX live order book, 43 min ago	145.63 bp	150.6 bp −$151	150.6 bp −$1,506	157.6 bp −$15.8K	378.4 bp −$189.2K
Sell Coinbase International live order book, 3 min ago	2.05 bp	11.1 bp −$11	16.7 bp −$167	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-USDlong	0.0000%	1h	0.2447	long leg	$201K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2450	+0.105%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	+0.034%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0056%	1h	0.2446	−0.058%	$409K	$7.2M	50x
Deribit ADA_USDC-PERPETUAL	+0.0077%	1h	0.2449	+0.068%	$476K	$353K	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2449	+0.068%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2448	+0.019%	$42.4M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2448	+0.040%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	−0.004%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2447	−0.001%	$100.7M	$354.3M	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	0.2447	−0.017%	$70.5M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2447	−0.017%	$32.1M	$104.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2446	−0.058%	$96.9M	$57.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2447	−0.017%	$52.7M	$56.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	−0.021%	$30.5M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2447	−0.017%	$65.5M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2447	−0.017%	—	$20.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	+0.052%	$101K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2447	−0.037%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2448	+0.017%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2447	−0.027%	$286K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2448	+0.023%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2446	−0.062%	$96K	$683K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2448	+0.023%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.038%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2447	−0.018%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	+0.003%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	−0.024%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2448	+0.023%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2448	+0.022%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2447	−0.027%	$560K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2449	+0.077%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2448	+0.023%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2448	+0.042%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2448	+0.008%	$6.1M	$11.5M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0520% / S −0.0277%	1h	0.2448	+0.026%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.391%	$844	$95K	12x	as long as short