Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRpaid last 24h 0.000%
Price spread now: Phemex against edgeX+0.135%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$48as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$410.412% of the position
Funding, last 7 days−0.065%−$7 on $10k
+Price spread, last 3 days (all we have)+0.173%+$17 · spread now +0.135%, 7d avg +0.021%
=Together, before fees+0.108%+ Points / potential airdropedgeX: Active · farm board+$11 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.113% dearer against edgeX than usual: you sell high and buy low, +$11 on $10k if it goes back to its 7-day average of +0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ADAUSDC | 0.2463 | 0.0100 | pay 0.0050% / 4h | 1h 43m | $66K | $281K | 20x |
| Short | Phemex ADAUSDT | 0.2466 | 0.0100 | get 0.0100% / 8h | 1h 43m | $48.1M | $5.8M | 50x |
edgeX ADAUSDC
Phemex ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: +0.135% → +0.021%
- $11.33
- Slippage, 4 orders
- −$20.16
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$29.83
- Costs to cover
- 0.412%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 39 min ago; Phemex: live order book, 6 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, 39 min ago | 6.10 bp | 10.6 bp −$11 | 26.8 bp −$268 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 2.04 bp | 8.0 bp −$8 | 14.3 bp −$143 | 41.6 bp −$4,155 | 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 | 0.2467 | +0.162% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2462 | −0.028% | $157K | $5.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2465 | +0.082% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0064% | 1h | 0.2465 | +0.094% | $421K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0094% | 1h | 0.2467 | +0.187% | $6.2M | $11.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2469 | +0.244% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2467 | +0.159% | $42.7M | $14.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2467 | +0.156% | $1.2M | $920K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2467 | +0.179% | $158K | $147K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2465 | +0.095% | $102.0M | $355.3M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
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 | 0.2465 | +0.094% | $71.5M | $99.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2465 | +0.094% | $32.0M | $105.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2465 | +0.094% | $97.3M | $57.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2465 | +0.094% | $53.2M | $50.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2466 | +0.143% | $30.4M | $18.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2466 | +0.135% | $66.0M | $42.8M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2465 | +0.094% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2469 | +0.244% | $102K | $417K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2458 | −0.179% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDClong | +0.0100% | 4h | 0.2463 | long leg | $66K | $281K | 20x | |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2462 | −0.011% | $297K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2464 | +0.053% | $56K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2467 | +0.183% | $97K | $625K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2464 | +0.053% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2467 | +0.191% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2467 | +0.174% | $9K | $755K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2467 | +0.179% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2466 | +0.146% | $1.3M | $5.1M | 75x | as long as short |
| Phemex ADAUSDTshort | +0.0100% | 8h | 0.2466 | +0.135% | $48.1M | $5.8M | 50x | |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2467 | +0.189% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2467 | +0.180% | $558K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0131% | 1h | 0.2463 | +0.005% | $4K | $74K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0155% | 1h | 0.2468 | +0.212% | $479K | $349K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2464 | +0.053% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0286% | 1h | 0.2466 | +0.143% | $1K | — | 15x | as long as short |
| Injective ADA/USDC PERP | +0.0288% | 1h | 0.2445 | −0.718% | $840 | $168K | 12x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0566% / S −0.0313% | 1h | 0.2463 | +0.032% | $122K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
Injective ADA/USDC PERP
GMX ADA/USD [WBTC.b-USDC]