Funding you earn now, next payment 01:00 UTC+0.0063%/8h= +6.9% APRpaid last 24h +0.014%
Price spread now: Phoenix against GRVT+0.059%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.262%−$26 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.059% dearer against GRVT than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.262%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GRVT ADA_USDT_Perp | 0.2454 | 0.0100 | pay 0.0100% / 8h | 6h 09m | $297K | $3.8M | 10x |
| Short | Phoenix ADA | 0.2456 | 0.0163 | get 0.0020% / 1h | 9m 01s | $4K | $87K | 10x |
GRVT ADA_USDT_Perp
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against GRVT. 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
- $13.26
- Price spread: +0.059% → 0.000%
- $5.93
- Slippage, 4 orders
- no order book: not counted
- Fee GRVT: 4.5 bp × 2 orders
- −$9
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $3.19
- Costs to cover
- 0.160%
- Break-even
- 5.3 days
Slippage unknown: GRVT: live order book, 5 min ago; Phoenix: 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 GRVT live order book, 5 min ago | 2.04 bp | 12.7 bp −$13 | 32.6 bp −$326 | 3393.5 bp −$339.4K | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 36 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 | −0.399% | $201K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2445 | −0.369% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.675% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2447 | −0.303% | $404K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2447 | −0.295% | $42.6M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2447 | −0.322% | $1.2M | $977K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2447 | −0.287% | $157K | $159K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2447 | −0.300% | $102.7M | $371.7M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2446 | −0.344% | $72.0M | $108.7M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2448 | −0.263% | $32.5M | $106.9M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2445 | −0.385% | $97.8M | $60.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2446 | −0.344% | $58.8M | $52.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2447 | −0.324% | $29.8M | $17.6M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2446 | −0.344% | $65.6M | $47.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2446 | −0.344% | — | $20.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2446 | −0.336% | $129K | $410K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2455 | +0.026% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2456 | +0.063% | $65K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perplong | +0.0100% | 8h | 0.2454 | long leg | $297K | $3.8M | 10x | |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2454 | −0.018% | $56K | $589K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2446 | −0.332% | $93K | $670K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2446 | −0.344% | $6K | $16K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2447 | −0.302% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2448 | −0.267% | $8K | $759K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2447 | −0.299% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2446 | −0.335% | $1.3M | $5.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2446 | −0.344% | $47.6M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2446 | −0.328% | $532K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0107% | 8h | 0.2449 | −0.222% | $163K | $6.3M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0108% | 8h | 0.2448 | −0.257% | $21K | $250 | 20x | as long as short |
| Phoenix ADAshort | +0.0163% | 1h | 0.2456 | +0.059% | $4K | $87K | 10x | |
| Lighter ADA | +0.0192% | 1h | 0.2448 | −0.258% | $2.4M | $1.0M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0281% | 1h | 0.2446 | −0.344% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0355% | 1h | 0.2446 | −0.343% | $6.2M | $12.2M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0363% | 1h | 0.2447 | −0.295% | $500K | $470K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0415% / S −0.0202% | 1h | 0.2445 | −0.380% | $95K | — | 100x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
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
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Lighter ADA
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]