ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h +0.001%

Price spread now: Coinbase International against Extended−0.003%7-day average +0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs−$35as in the Price arb table

costs, in and out, $10k−$340.337% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 3 days (all we have)+0.069%+$7 · spread now −0.003%, 7d avg +0.013%

Together, before fees+0.002%+ Points / potential airdropExtended: Active · farm board$0 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.013%, so right now this pair is about funding alone: −$1 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2450	0.0104	pay 0.0013% / 1h	32m 16s	$554K	$1.8M	50x
Short	Coinbase International ADA-PERP-INTX	0.2450	0.0056	get 0.0007% / 1h	32m 16s	$404K	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now −0.003%Rate

Funding earned: −$10.08
Price spread: −0.003% → +0.013%: −$1.64
Slippage, 4 orders: −$18.66
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$45.38
Costs to cover: 0.337%
Break-even: never at this rate

Slippage from Extended: live order book, 1 min ago; Coinbase International: live order book, 2 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 Extended live order book, 1 min ago	2.04 bp	4.5 bp −$5	7.5 bp −$75	doesn't fit	doesn't fit
Sell Coinbase International live order book, 2 min ago	4.08 bp	9.6 bp −$10	17.1 bp −$171	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	0.2452	+0.064%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	+0.038%	$175K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	+0.023%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0056%	1h	0.2450	−0.003%	$404K	$7.3M	50x
Lighter ADA	+0.0096%	1h	0.2452	+0.074%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	+0.062%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2452	+0.072%	$1.2M	$925K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	+0.095%	$158K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2451	+0.038%	$101.9M	$362.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2450	−0.003%	$71.4M	$102.6M	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	0.2450	−0.003%	$32.3M	$106.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2450	−0.003%	$97.3M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.003%	$52.8M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2451	+0.050%	$30.1M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	−0.044%	$65.7M	$43.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2450	−0.003%	—	$18.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	+0.042%	$110K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	+0.169%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	+0.259%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	+0.269%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	+0.119%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	+0.025%	$95K	$627K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	−0.003%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	+0.061%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2451	+0.036%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	+0.017%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.051%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.003%	$47.9M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2452	+0.072%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2450	long leg	$554K	$1.8M	50x
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2451	+0.018%	$6.2M	$11.6M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0117%	1h	0.2452	+0.078%	$493K	$430K	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2452	+0.095%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	+0.242%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.854%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2450	+0.001%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2451	+0.037%	$122K	—	100x	as long as short