Funding you earn now, next payment 21:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h −0.014%
Price spread now: Phoenix against KuCoin+0.020%78s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.211%−$21 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.020% dearer against KuCoin than usual: you sell high and buy low: +$2 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.211%, so the current rate has only just turned in your favour. The two prices were read 78 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ADAUSDTM | 0.2445 | 0.0100 | pay 0.0100% / 8h | 2h 32m | $30.2M | $18.3M | 75x |
| Short | Phoenix ADA | 0.2445 | 0.0195 | get 0.0024% / 1h | 32m 04s | $4K | $82K | 10x |
KuCoin ADAUSDTM
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against KuCoin. 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
- $19.86
- Price spread: +0.020% → 0.000%
- $2.05
- Slippage, 4 orders
- no order book: not counted
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $2.9
- Costs to cover
- 0.190%
- Break-even
- 6.0 days
Slippage unknown: KuCoin: live order book, 2 min ago; Phoenix: 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 KuCoin live order book, 2 min ago | 1.02 bp | 14.1 bp −$14 | 21.9 bp −$219 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | 0.2445 | +0.002% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2445 | +0.016% | $153K | $5.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2445 | +0.005% | $87K | — | 150x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0036% | 1h | 0.2446 | +0.053% | $475K | $354K | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2448 | +0.139% | $408K | $7.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2446 | +0.074% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2445 | +0.033% | $42.4M | $14.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2445 | +0.013% | $1.2M | $999K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2445 | +0.006% | $156K | $147K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2445 | +0.016% | $100.9M | $355.8M | 75x | 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 ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2445 | +0.016% | $70.5M | $99.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2444 | −0.025% | $31.8M | $104.9M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2444 | −0.025% | $96.6M | $57.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2445 | +0.016% | $52.4M | $56.5M | 300x | as long as short |
| KuCoin ADAUSDTMlong | +0.0100% | 8h | 0.2445 | long leg | $30.2M | $18.3M | 75x | |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2445 | +0.016% | $65.5M | $42.7M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2445 | +0.016% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2445 | +0.037% | $101K | $411K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2445 | +0.033% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2447 | +0.101% | $65K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2448 | +0.136% | $299K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2450 | +0.221% | $55K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2445 | 0.000% | $97K | $641K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2445 | +0.016% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2445 | +0.018% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2446 | +0.057% | $9K | $759K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2445 | −0.004% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2444 | −0.015% | $1.3M | $4.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2444 | −0.025% | $47.7M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2446 | +0.047% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | +0.005% | $554K | $1.8M | 50x | as long as short |
| Phoenix ADAshort | +0.0195% | 1h | 0.2445 | +0.020% | $4K | $82K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2445 | +0.016% | $4.3M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0287% | 1h | 0.2445 | +0.009% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0338% | 1h | 0.2445 | +0.008% | $6.1M | $11.4M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0437% / S −0.0207% | 1h | 0.2444 | −0.017% | $96K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2440 | −0.188% | $838 | $131K | 12x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
Bitget ADAUSDT
BingX ADA-USDC
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
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP