ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.023%

Price spread now: Polymarket Perps against dYdX−0.065%7-day average +0.017% · you buy dearer than you sell

Net, funding: paid 7d − costs−$271as in the Funding arb table

Net, price: spread back to 7d avg − costs−$271as in the Price arb table

costs, in and out, $10k−$2632.630% of the position

Long on dYdX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.085%−$9 on $10k

Price spread, last 3 days (all we have)+0.275%+$27 · spread now −0.065%, 7d avg +0.017%

Together, before fees+0.190%+$19 on $10k · with fees, hour by hour

Funding pays, the price is against you. Polymarket Perps is 0.082% cheaper against dYdX than usual: you would sell low and buy high (spread −0.065% now, against its 7-day average of +0.017%). If the spread goes back, that is −$8 on $10k: about 2.7 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2443	0	get 0.0000% / 1h	28m 07s	$201K	$4K	10x
Short	Polymarket Perps ADA-USD	0.2441	0.0100	get 0.0013% / 1h	28m 07s	$92K	$634K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.065%Rate

Funding earned: $21
Price spread: −0.065% → +0.017%: −$8.2
Slippage, 4 orders: −$244.98
Fee dYdX: 5 bp × 2 orders: −$10
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$250.18
Costs to cover: 2.630%
Break-even: 90.4 days

Slippage from dYdX: live order book, 51 min ago; Polymarket Perps: live order book, 50 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, 51 min ago	83.35 bp	116.6 bp −$117	142.4 bp −$1,424	145.0 bp −$14.5K	160.1 bp −$80.0K
Sell Polymarket Perps live order book, 50 min ago	0.20 bp	6.6 bp −$7	9.0 bp −$90	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	0.2443	long leg	$201K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2444	+0.046%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	−0.054%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2441	−0.077%	$402K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.009%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	−0.028%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	−0.047%	$1.2M	$928K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2442	−0.026%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2441	−0.085%	$101.5M	$363.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2441	−0.077%	$71.0M	$103.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2441	−0.077%	$32.2M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2440	−0.118%	$96.8M	$59.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	−0.077%	$52.6M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2442	−0.036%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2442	−0.036%	$65.6M	$43.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2443	+0.005%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	−0.036%	$108K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	+0.259%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	+0.408%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2449	+0.251%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.455%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2441	−0.065%	$92K	$634K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2441	−0.077%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2442	−0.039%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2442	−0.038%	$9K	$764K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2442	−0.057%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2442	−0.037%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	−0.036%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2442	−0.034%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2441	−0.075%	$554K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2442	−0.050%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2452	+0.390%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2444	+0.046%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.151%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2441	−0.072%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2441	−0.064%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4732%	1h	0.2503	+2.453%	$503K	$430K	50x	as long as short