Funding you earn now, next payment 21:00 UTC+0.0195%/8h= +21.3% APRnext payment +$0.24 per $10,000 · paid last 24h +0.010%
Price spread now: Phoenix against dYdX+0.222%46s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$6 a day on $10k at the current rate, and Phoenix is 0.222% dearer against dYdX than usual: you sell high and buy low: +$22 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.128%, so the current rate has only just turned in your favour. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.128% in total (about -6.7% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.24 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ADA-USD | 0.2449 | 0 | get 0.0000% / 1h | 49m 47s | $201K | $4K | 10x |
| Short | Phoenix ADA | 0.2454 | 0.0195 | get 0.0024% / 1h | 49m 47s | $4K | $82K | 10x |
dYdX ADA-USD
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against dYdX. 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
- $40.86
- Price spread: +0.222% → 0.000%
- $22.15
- Slippage, 4 orders
- no order book: not counted
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $46.01
- Costs to cover
- 0.170%
- Break-even
- from the start
Slippage unknown: dYdX: live order book, 39 min ago; Phoenix: 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 dYdX live order book, 39 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 Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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-USDlong | 0.0000% | 1h | 0.2449 | long leg | $201K | $4K | 10x | |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2451 | +0.087% | $153K | $5.8M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | 0.0000% | 1h | 0.2449 | +0.001% | $475K | $358K | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2448 | −0.030% | $87K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2447 | −0.077% | $409K | $7.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2449 | +0.001% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2448 | −0.019% | $42.3M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2448 | −0.041% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2449 | −0.004% | $157K | $148K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2449 | −0.014% | $101.0M | $355.9M | 75x | as long as short |
Kalshi KXADAPERP
Deribit ADA_USDC-PERPETUAL
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid 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 | 0.2448 | −0.036% | $70.6M | $100.1M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2447 | −0.077% | $32.2M | $105.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2447 | −0.077% | $97.0M | $57.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2448 | −0.036% | $52.8M | $56.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2448 | −0.028% | $30.5M | $18.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2448 | −0.036% | $65.3M | $42.8M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2448 | −0.036% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2448 | −0.028% | $104K | $421K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2447 | −0.097% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2453 | +0.180% | $65K | $279K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2458 | +0.368% | $296K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2452 | +0.128% | $55K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2450 | +0.042% | $96K | $701K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2448 | −0.036% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2449 | −0.006% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2450 | +0.046% | $9K | $761K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2447 | −0.064% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2449 | −0.012% | $1.3M | $4.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2447 | −0.077% | $47.8M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2450 | +0.037% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2448 | −0.043% | $560K | $1.8M | 50x | as long as short |
| Phoenix ADAshort | +0.0195% | 1h | 0.2454 | +0.222% | $4K | $82K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2449 | +0.005% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0287% | 1h | 0.2449 | +0.004% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0337% | 1h | 0.2447 | −0.077% | $6.1M | $11.5M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0521% / S −0.0277% | 1h | 0.2448 | −0.037% | $113K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2457 | +0.332% | $844 | $95K | 12x | as long as short |
Bybit 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
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP