Funding you earn now, next payment 03:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.007%
Price spread now: Coinbase International against edgeX+0.975%77s7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$450.448% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)−0.711%−$71 · spread now +0.975%, 7d avg −0.014%
=Together, before fees−0.888%+ Points / potential airdropedgeX: Active · farm board−$89 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.989% dearer against edgeX than usual: you sell high and buy low (spread +0.975% now, against its 7-day average of −0.014%): +$99 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 5 months. At the pace of the last 7 days (−0.177% in total) that is about 39 days. The two prices were read 77 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ADAUSDC | 0.2456 | 0.0100 | pay 0.0050% / 4h | 30m 04s | $65K | $284K | 20x |
| Short | Coinbase International ADA-PERP-INTX | 0.2480 | 0.0080 | get 0.0010% / 1h | 30m 04s | $429K | $7.8M | 50x |
edgeX ADAUSDC
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against edgeX. 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
- −$4.2
- Price spread: +0.975% → −0.014%
- $98.9
- Slippage, 4 orders
- −$25.81
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $49.89
- Costs to cover
- 0.448%
- Break-even
- from the start
Slippage from edgeX: live order book, 28 min ago; Coinbase International: live order book, 4 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 edgeX live order book, 28 min ago | 6.12 bp | 10.6 bp −$11 | 30.4 bp −$304 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 4 min ago | 4.06 bp | 10.7 bp −$11 | 18.3 bp −$183 | 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-USD | 0.0000% | 1h | 0.2480 | +0.956% | $204K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2481 | +1.015% | $150K | $6.2M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2478 | +0.908% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.608% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0080% | 1h | 0.2480 | +0.975% | $429K | $7.8M | 50x | |
| Kraken Futures PF_ADAUSD | +0.0091% | 1h | 0.2482 | +1.065% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2483 | +1.117% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2483 | +1.116% | $1.2M | $985K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2481 | +1.013% | $161K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2487 | +1.244% | $105.3M | $370.1M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Kraken Futures PF_ADAUSD
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 | 0.2485 | +1.178% | $72.5M | $108.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2486 | +1.219% | $33.2M | $106.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2484 | +1.138% | $99.2M | $59.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2483 | +1.097% | $61.6M | $60.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2485 | +1.186% | $30.0M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2485 | +1.178% | $66.9M | $49.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2485 | +1.178% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2485 | +1.186% | $126K | $442K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2475 | +0.774% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDClong | +0.0100% | 4h | 0.2456 | long leg | $65K | $284K | 20x | |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2456 | +0.017% | $289K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2466 | +0.405% | $227K | $743K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2480 | +0.958% | $95K | $688K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2481 | +1.015% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2482 | +1.064% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2481 | +1.015% | $8K | $732K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2482 | +1.076% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2483 | +1.113% | $1.3M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2483 | +1.097% | $48.4M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2483 | +1.111% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2483 | +1.096% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0188% | 1h | 0.2487 | +1.256% | $43.2M | $14.8M | 10x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2463 | +0.274% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2480 | +0.975% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2479 | +0.934% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0596% / S −0.0547% | 1h | 0.2479 | +0.928% | $134K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0717% | 1h | 0.2483 | +1.117% | $603K | $489K | 50x | 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
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
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL