ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: Derive against Injective−0.438%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 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

Funding pays, the price is against you. Derive is 0.438% cheaper against Injective than usual: you would sell low and buy high (spread −0.438% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$44 on $10k: about 22 days of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ADA/USDC PERP	0.2471	0.0033	pay 0.0004% / 1h	44m 27s	$849	$202K	12x
Short	Derive ADA-PERP	0.2460	0.0100	get 0.0013% / 1h	44m 27s	$40K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Injective. 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 InjectivebpFee DerivebpOrdersPrice spread, now −0.438%Rate

Funding earned: $14
Price spread: −0.438% → 0.000%: −$43.77
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Derive: 3 bp × 2 orders: −$6
Net: −$35.79
Costs to cover: 0.060%
Break-even: 24.9 days

Slippage unknown: Injective: 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 Injective no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

Injective 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	0.2458	−0.519%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2456	−0.592%	$84K	—	150x	as long as short
Injective ADA/USDC PERPlong	+0.0033%	1h	0.2471	long leg	$849	$202K	12x
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2456	−0.607%	$443K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2459	−0.466%	$42.9M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2457	−0.571%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2459	−0.490%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2457	−0.567%	$102.9M	$367.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	−0.567%	$72.6M	$107.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	−0.526%	$32.7M	$105.2M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2456	−0.607%	$98.2M	$58.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	−0.567%	$59.9M	$55.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2458	−0.530%	$29.8M	$16.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	−0.526%	$65.8M	$47.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2457	−0.567%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2461	−0.417%	$119K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.604%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.692%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.748%	$287K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.769%	$226K	$722K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2458	−0.538%	$94K	$674K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.526%	$6K	$6K	20x	as long as short
Derive ADA-PERPshort	+0.0100%	1h	0.2460	−0.438%	$40K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	0.2461	−0.407%	$8K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	−0.445%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.510%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	−0.486%	$47.8M	$6.3M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2456	−0.607%	$161K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	−0.531%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2460	−0.451%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	−0.595%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0176%	1h	0.2460	−0.453%	$2.4M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2462	−0.364%	—	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2459	−0.467%	$6.2M	$12.2M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2457	−0.547%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2455	−0.634%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0523%	1h	0.2461	−0.413%	$540K	$456K	50x	as long as short