Funding you earn now, next payment 00:00 UTC+2.4645%/8h= +2698.6% APRpaid last 24h 0.000%
Price spread now: Deribit against HTX+2.469%7-day average +0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$46as in the Funding arb table
Net, price: spread back to 7d avg − costs+$208as in the Price arb table
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days−0.085%−$9 on $10k
+Price spread, last 3 days (all we have)−2.452%−$245 · spread now +2.469%, 7d avg +0.021%
=Both sides work for this trade now. Funding pays +$739 a day on $10k at the current rate, and Deribit is 2.448% dearer against HTX than usual: you sell high and buy low: +$245 more if the spread goes back to its 7-day average of +0.021%. Mind the row above: over the last 7 days funding on this pair cost −0.085%, so the current rate has only just turned in your favour.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.085% in total (about -4.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | HTX ADA-USDT | 0.2445 | 0.0100 | pay 0.0100% / 8h | 10m 08s | $1.3M | $5.4M | 75x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2506 | 2.4745 | get 0.3093% / 1h | 10m 08s | $503K | $430K | 50x |
HTX ADA-USDT
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against HTX. 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
- $5,175.45
- Price spread: +2.469% → +0.021%
- $244.78
- Slippage, 4 orders
- −$18.07
- Fee HTX: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $5,383.16
- Costs to cover
- 0.371%
- Break-even
- from the start
Slippage from HTX: live order book, 4 min ago; Deribit: live order book, 4 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 HTX live order book, 4 min ago | 0.02 bp | 10.6 bp −$11 | 24.7 bp −$247 | 59.0 bp −$5,899 | doesn't fit |
| Sell Deribit live order book, 4 min ago | 2.46 bp | 6.6 bp −$7 | 12.9 bp −$129 | 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 | 0.2443 | −0.086% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2443 | −0.091% | $213K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2445 | −0.027% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2441 | −0.173% | $404K | $7.3M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2446 | +0.048% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2447 | +0.052% | $42.4M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2444 | −0.039% | $1.2M | $930K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2444 | −0.050% | $157K | $146K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2446 | +0.019% | $101.1M | $366.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2445 | −0.009% | $71.1M | $104.1M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2446 | +0.031% | $32.3M | $107.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2444 | −0.050% | $97.5M | $60.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2444 | −0.050% | $52.3M | $51.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2445 | −0.026% | $29.9M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2445 | −0.009% | $65.8M | $43.7M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2446 | +0.031% | — | $21.3M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2446 | +0.023% | $106K | $418K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2439 | −0.249% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2441 | −0.162% | $65K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2441 | −0.176% | $291K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2441 | −0.173% | $55K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2446 | +0.015% | $94K | $641K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2445 | −0.009% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2445 | −0.007% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2446 | +0.032% | $9K | $767K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2445 | −0.009% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDTlong | +0.0100% | 8h | 0.2445 | long leg | $1.3M | $5.4M | 75x | |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2444 | −0.050% | $47.7M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2446 | +0.024% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | −0.029% | $551K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0114% | 1h | 0.2445 | −0.015% | $6.1M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2442 | −0.112% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2441 | −0.173% | $4.3M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +1.054% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2444 | −0.048% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0564% / S −0.0313% | 1h | 0.2444 | −0.051% | $121K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +2.4745% | 1h | 0.2506 | +2.469% | $503K | $430K | 50x |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Kraken Futures PF_ADAUSD
Phoenix ADA
BloFin ADA-USDT
Injective ADA/USDC PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]