Funding you earn now, next payment 23:00 UTC−0.0194%/8h= −21.2% APRnext payment −$0.24 per $10,000 · paid last 24h +0.016%
Price spread now: Kraken Futures against Injective−0.211%7-day average +0.414% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.029%+$3 on $10k
+Price spread, last 3 days (all we have)+1.172%+$117 · spread now −0.211%, 7d avg +0.414%
=Both sides work against this trade now: funding costs −$6 a day on $10k at the current rate, and Kraken Futures is 0.625% cheaper against Injective than usual: you would sell low and buy high (−$62 if the spread goes back to its 7-day average of +0.414%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.029% in total (about 1.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.24 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 | 0.2471 | 0.0288 | pay 0.0036% / 1h | 37m 14s | $849 | $202K | 12x |
| Short | Kraken Futures PF_ADAUSD | 0.2466 | 0.0094 | get 0.0012% / 1h | 37m 14s | $6.2M | $11.5M | 50x |
Injective ADA/USDC PERP
Kraken Futures PF_ADAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- −$40.69
- Price spread: −0.211% → +0.414%
- −$62.5
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$113.2
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Kraken Futures: live order book, 2 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 Kraken Futures live order book, 2 min ago | 1.82 bp | 11.4 bp −$11 | 14.4 bp −$144 | 66.5 bp −$6,646 | 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 | 0.2469 | −0.092% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2471 | 0.000% | $159K | $5.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2466 | −0.219% | $85K | — | 150x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0034% | 1h | 0.2466 | −0.190% | $479K | $349K | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0064% | 1h | 0.2467 | −0.162% | $418K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSDshort | +0.0094% | 1h | 0.2466 | −0.211% | $6.2M | $11.5M | 50x | |
| Lighter ADA | +0.0096% | 1h | 0.2468 | −0.125% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2467 | −0.178% | $42.7M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2468 | −0.137% | $1.2M | $920K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2469 | −0.070% | $158K | $146K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Deribit ADA_USDC-PERPETUAL
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2467 | −0.175% | $102.4M | $356.7M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2467 | −0.162% | $71.8M | $100.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2468 | −0.121% | $32.0M | $105.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2465 | −0.243% | $97.4M | $58.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2466 | −0.202% | $53.3M | $50.4M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2467 | −0.182% | $30.4M | $18.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2466 | −0.202% | $66.0M | $42.9M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2467 | −0.162% | — | $20.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2467 | −0.182% | $103K | $418K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2473 | +0.090% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2472 | +0.048% | $66K | $279K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2471 | +0.011% | $291K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2474 | +0.121% | $56K | $580K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2466 | −0.186% | $97K | $626K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2466 | −0.202% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2466 | −0.188% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2468 | −0.121% | $9K | $756K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2466 | −0.198% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2469 | −0.099% | $1.3M | $5.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2466 | −0.202% | $48.1M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2469 | −0.074% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2466 | −0.220% | $558K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0131% | 1h | 0.2472 | +0.020% | $4K | $74K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2466 | −0.202% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0285% | 1h | 0.2465 | −0.240% | $1K | — | 15x | as long as short |
| Injective ADA/USDC PERPlong | +0.0288% | 1h | 0.2471 | long leg | $849 | $202K | 12x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0567% / S −0.0313% | 1h | 0.2466 | −0.202% | $122K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
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
GMX ADA/USD [WBTC.b-USDC]