ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0029%/8h= +3.2% APRnext payment +$0.04 per $10,000 · paid last 24h +0.065%

Price spread now: Reya against Injective−0.827%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.827% cheaper against Injective than usual: you would sell low and buy high (spread −0.827% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$83 on $10k: about 3 months of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ADA/USDC PERP	0.2471	0.0254	pay 0.0032% / 1h	2m 44s	$849	$202K	12x
Short	Reya ADARUSDPERP	0.2451	0.0283	get 0.0035% / 1h	2m 44s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.827%Rate

Funding earned: $6.13
Price spread: −0.827% → 0.000%: −$82.71
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Reya: 3 bp × 2 orders: −$6
Net: −$82.59
Costs to cover: 0.060%
Break-even: 101.2 days

Slippage unknown: Injective: no order-book sample; Reya: 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 Reya no order-book sample	—	—	—	—	—

Injective and Reya: 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	0.2451	−0.826%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2451	−0.809%	$213K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2451	−0.826%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2447	−0.971%	$406K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2452	−0.753%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	−0.765%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	−0.819%	$1.2M	$933K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	−0.822%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.841%	$101.3M	$366.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2450	−0.850%	$71.4M	$104.0M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2451	−0.809%	$32.4M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.890%	$97.8M	$60.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2450	−0.850%	$52.4M	$51.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2451	−0.817%	$30.0M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2450	−0.850%	$65.9M	$43.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2450	−0.850%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.797%	$108K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2441	−1.207%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2445	−1.046%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2444	−1.093%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2444	−1.093%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	−0.817%	$94K	$641K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	−0.809%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	−0.781%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2451	−0.808%	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2451	−0.809%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	−0.811%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.850%	$47.8M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2451	−0.814%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.889%	$553K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2450	−0.830%	$6.2M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2446	−1.024%	$4K	$78K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0199%	1h	0.2452	−0.777%	$492K	$430K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2450	−0.850%	$4.3M	$5.5M	75x	as long as short
Injective ADA/USDC PERPlong	+0.0254%	1h	0.2471	long leg	$849	$202K	12x
Reya ADARUSDPERPshort	+0.0283%	1h	0.2451	−0.827%	$1K	—	15x
GMX ADA/USD [WBTC.b-USDC]	L +0.0564% / S −0.0313%	1h	0.2451	−0.824%	$122K	—	100x	as long as short