Funding you earn now, next payment 22:00 UTC+0.0095%/8h= +10.4% APRnext payment +$0.12 per $10,000 · paid last 24h +0.024%
Price spread now: Derive against gTrade (Gains Network)+0.093%55s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Derive is 0.093% dearer against gTrade (Gains Network) than usual: you sell high and buy low: +$9 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 55 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 | gTrade (Gains Network) ADA/USD | 0.2446 | L +0.0005% / S −0.0003% | pay 0.0001% / 1h | 44m 27s | $87K | — | 150x |
| Short | Derive ADA-PERP | 0.2448 | 0.0100 | get 0.0013% / 1h | 44m 27s | $40K | $3K | 5x |
gTrade (Gains Network) ADA/USD
Derive ADA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive against gTrade (Gains Network). 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
- $20.01
- Price spread: +0.093% → 0.000%
- $9.26
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $13.26
- Costs to cover
- 0.160%
- Break-even
- 2.4 days
Slippage unknown: gTrade (Gains Network): no order-book sample; Derive: no order-book sample. Net counts fees only.
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 gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.
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 | 0.2445 | −0.040% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2448 | +0.093% | $153K | $5.8M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | 0.0000% | 1h | 0.2448 | +0.109% | $475K | $353K | 50x | as long as short |
| gTrade (Gains Network) ADA/USDlong | L +0.0005% / S −0.0003% | 1h | 0.2446 | long leg | $87K | — | 150x | |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2446 | +0.011% | $409K | $7.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2446 | −0.001% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2446 | +0.027% | $42.4M | $14.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2446 | −0.006% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2445 | −0.034% | $156K | $146K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2446 | +0.011% | $100.7M | $354.3M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
Deribit ADA_USDC-PERPETUAL
Coinbase International ADA-PERP-INTX
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 | 0.2445 | −0.030% | $70.4M | $99.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2446 | +0.011% | $32.1M | $104.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2443 | −0.112% | $96.8M | $57.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2445 | −0.030% | $52.6M | $56.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2445 | −0.030% | $30.4M | $18.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2446 | +0.011% | $65.5M | $42.7M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2445 | −0.030% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2446 | +0.023% | $101K | $412K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2446 | −0.009% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2448 | +0.073% | $65K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2446 | +0.028% | $286K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2447 | +0.052% | $55K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2446 | +0.011% | $96K | $679K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2448 | +0.093% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERPshort | +0.0100% | 1h | 0.2448 | +0.093% | $40K | $3K | 5x | |
| SunX ADA-USDT | +0.0100% | 8h | 0.2448 | +0.092% | $9K | $757K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2447 | +0.044% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2447 | +0.058% | $1.3M | $4.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2446 | +0.011% | $47.8M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2446 | −0.009% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | −0.020% | $560K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2449 | +0.146% | $4K | $82K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2447 | +0.052% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0287% | 1h | 0.2446 | +0.024% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0337% | 1h | 0.2447 | +0.048% | $6.2M | $11.5M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0520% / S −0.0277% | 1h | 0.2445 | −0.015% | $113K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2457 | +0.461% | $844 | $95K | 12x | 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
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP