ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0236%/8h= +25.8% APRnext payment +$0.29 per $10,000 · paid last 24h +0.051%

Price spread now: Reya against Kraken Futures−0.151%7-day average — · you buy dearer than you sell

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

Long on Kraken Futures 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 0.151% cheaper against Kraken Futures than usual: you would sell low and buy high (spread −0.151% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$15 on $10k: about 2.1 days of funding at the current rate (+$7 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2455	0.0047	pay 0.0006% / 1h	56m 01s	$6.2M	$11.6M	50x
Short	Reya ADARUSDPERP	0.2451	0.0283	get 0.0035% / 1h	56m 01s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Kraken Futures. 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 Kraken FuturesbpFee ReyabpOrdersPrice spread, now −0.151%Rate

Funding earned: $49.49
Price spread: −0.151% → 0.000%: −$15.12
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: $18.37
Costs to cover: 0.160%
Break-even: 4.4 days

Slippage unknown: Kraken Futures: live order book, 3 min ago; 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 Kraken Futures live order book, 3 min ago	4.49 bp	15.3 bp −$15	19.4 bp −$194	45.8 bp −$4,579	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

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	0.2454	−0.033%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2454	−0.032%	$195K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	−0.130%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.661%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2453	−0.072%	$407K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0047%	1h	0.2455	long leg	$6.2M	$11.6M	50x
Lighter ADA	+0.0096%	1h	0.2455	+0.021%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2456	+0.042%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	−0.040%	$1.2M	$934K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	−0.009%	$158K	$145K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2455	−0.004%	$101.6M	$366.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	−0.032%	$71.5M	$104.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	+0.050%	$32.4M	$107.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2453	−0.072%	$97.9M	$57.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2453	−0.072%	$53.5M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2453	−0.068%	$30.0M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	−0.032%	$65.9M	$43.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2454	−0.032%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	−0.003%	$108K	$418K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	−0.025%	$4.2M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2451	−0.149%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	−0.113%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2453	−0.072%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2452	−0.105%	$94K	$642K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	−0.072%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	−0.035%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2453	−0.074%	$9K	$768K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	−0.036%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	−0.045%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.072%	$47.9M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2455	+0.004%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	−0.071%	$553K	$1.8M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0117%	1h	0.2454	−0.036%	$492K	$429K	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2450	−0.182%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	+0.091%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERPshort	+0.0283%	1h	0.2451	−0.151%	$1K	—	15x
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2451	−0.157%	$122K	—	100x	as long as short