Funding you earn now, next payment 22:00 UTC−0.0294%/8h= −32.2% APRnext payment −$0.37 per $10,000 · paid last 24h +0.009%
Price spread now: Deribit against Injective−0.024%63s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.023%+$2 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$9 a day on $10k at the current rate, and Deribit is 0.024% cheaper against Injective than usual: you would sell low and buy high (−$2 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 63 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.023% in total (about 1.2% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.37 per $10,000. 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 | Injective ADA/USDC PERP | 0.2457 | 0.0533 | pay 0.0067% / 1h | 55m 41s | $844 | $95K | 12x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2456 | 0.0239 | get 0.0030% / 1h | 55m 41s | $477K | $359K | 50x |
Injective ADA/USDC PERP
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Injective. 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
- −$61.73
- Price spread: −0.024% → 0.000%
- −$2.44
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$71.19
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Deribit: live order book, 33 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 33 min ago | 24.09 bp | 29.4 bp −$29 | doesn't fit | doesn't fit | doesn't fit |
Injective: 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 | 0.2456 | −0.053% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2453 | −0.163% | $153K | $5.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2453 | −0.174% | $87K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2454 | −0.122% | $391K | $7.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2457 | +0.016% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2456 | −0.053% | $42.5M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2455 | −0.077% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2455 | −0.066% | $157K | $148K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2456 | −0.056% | $102.2M | $356.8M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2454 | −0.122% | $71.1M | $100.0M | 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 | 0.2456 | −0.041% | $32.3M | $105.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2454 | −0.122% | $97.4M | $56.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2455 | −0.081% | $52.9M | $56.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2455 | −0.069% | $30.7M | $18.5M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2455 | −0.081% | $65.6M | $42.7M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2455 | −0.081% | — | $20.7M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2456 | −0.041% | $102K | $421K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2465 | +0.307% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2465 | +0.329% | $66K | $278K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2463 | +0.261% | $297K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2464 | +0.285% | $55K | $578K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | −0.142% | $96K | $700K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | −0.122% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2455 | −0.087% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2456 | −0.042% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2455 | −0.061% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2456 | −0.046% | $1.3M | $4.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2455 | −0.081% | $47.9M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2455 | −0.087% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2455 | −0.093% | $564K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2454 | −0.142% | $4K | $82K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2455 | −0.081% | $4.4M | $5.4M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0239% | 1h | 0.2456 | −0.024% | $477K | $359K | 50x | |
| Reya ADARUSDPERP | +0.0287% | 1h | 0.2453 | −0.165% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0336% | 1h | 0.2456 | −0.041% | $6.2M | $11.6M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0521% / S −0.0277% | 1h | 0.2453 | −0.171% | $113K | — | 100x | as long as short |
| Injective ADA/USDC PERPlong | +0.0533% | 1h | 0.2457 | long leg | $844 | $95K | 12x |
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
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]