ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0135%/8h= +14.8% APRnext payment +$0.17 per $10,000 · paid last 24h +0.014%

Price spread now: Deribit against Extended+0.028%7-day average +0.067% · you sell dearer than you buy

Net, funding: paid 7d − costs−$5,543as in the Funding arb table

Net, price: spread back to 7d avg − costs−$5,549as in the Price arb table

costs, in and out, $10k−$5,54555.446% of the position

Long on Extended Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.018%+$2 on $10k

Price spread, last 3 days (all we have)+0.438%+$44 · spread now +0.028%, 7d avg +0.067%

Together, before fees+0.456%+ Points / potential airdropExtended: Active · farm board+$46 on $10k · with fees, hour by hour

Funding pays, the price is against you. Deribit is 0.039% cheaper against Extended than usual: you would sell low and buy high (spread +0.028% now, against its 7-day average of +0.067%). If the spread goes back, that is −$4 on $10k: about 23 hours of funding at the current rate (+$4 a day). At the pace of the last 7 days (+0.018% in total) that is about 16 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2456	0.0104	pay 0.0013% / 1h	55m 30s	$564K	$1.8M	50x
Short	Deribit ADA_USDC-PERPETUAL	0.2456	0.0239	get 0.0030% / 1h	55m 30s	$477K	$359K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.028%Rate

Funding earned: $28.35
Price spread: +0.028% → +0.067%: −$3.94
Slippage, 4 orders: −$5,532.58
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$5,520.16
Costs to cover: 55.446%
Break-even: 1370.0 days

Slippage from Extended: live order book, 3 min ago; Deribit: live order book, 33 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, 3 min ago	2.04 bp	4.5 bp −$5	7.6 bp −$76	doesn't fit	doesn't fit
Sell Deribit live order book, 33 min ago	24.09 bp	29.4 bp −$29	doesn't fit	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	0.2456	−0.001%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2453	−0.110%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.121%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2454	−0.070%	$391K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2457	+0.069%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2456	0.000%	$42.5M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	+0.011%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2456	0.000%	$157K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	+0.126%	$102.3M	$355.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	+0.052%	$71.2M	$99.9M	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	0.2459	+0.134%	$32.3M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.029%	$97.4M	$56.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	−0.029%	$52.9M	$56.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	0.000%	$30.7M	$18.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	−0.029%	$65.6M	$42.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2456	+0.012%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2456	+0.012%	$102K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	−0.091%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.052%	$65K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.098%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.151%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	−0.090%	$96K	$700K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.070%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	−0.034%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.010%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2455	−0.009%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.006%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2455	−0.029%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2457	+0.055%	$21K	$250	20x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2456	long leg	$564K	$1.8M	50x
Phoenix ADA	+0.0163%	1h	0.2454	−0.090%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2455	−0.029%	$4.4M	$5.4M	75x	as long as short
Deribit ADA_USDC-PERPETUALshort	+0.0239%	1h	0.2456	+0.028%	$477K	$359K	50x
Reya ADARUSDPERP	+0.0287%	1h	0.2453	−0.112%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0336%	1h	0.2456	+0.011%	$6.2M	$11.6M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2453	−0.119%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.052%	$844	$95K	12x	as long as short