Funding you earn now, next payment 02:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h −0.003%
Price spread now: Injective against MEXC+0.570%85s7-day average −0.297% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.018%−$2 on $10k
+Price spread, last 3 days (all we have)−1.874%−$187 · spread now +0.570%, 7d avg −0.297%
=The price spread pays, funding is against you. Injective is 0.867% dearer against MEXC than usual: you sell high and buy low (spread +0.570% now, against its 7-day average of −0.297%): +$87 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 43 days. At the pace of the last 7 days (−0.018% in total) that is about 11 months. The two prices were read 85 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 | MEXC ADA_USDT | 0.2457 | 0.0100 | pay 0.0100% / 8h | 6h 05m | $59.0M | $52.9M | 300x |
| Short | Injective ADA/USDC PERP | 0.2471 | 0.0033 | get 0.0004% / 1h | 5m 49s | $849 | $202K | 12x |
MEXC ADA_USDT
Injective ADA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against MEXC. 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
- −$14
- Price spread: +0.570% → −0.297%
- $86.66
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $72.64
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: MEXC: live order book, 3 min ago; Injective: 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 MEXC live order book, 3 min ago | 2.04 bp | 2.0 bp −$2 | 5.2 bp −$52 | 15.7 bp −$1,565 | 48.7 bp −$24.4K |
| Sell Injective no order-book sample | — | — | — | — | — |
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 36 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 | 0.2459 | +0.064% | $202K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2458 | +0.058% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERPshort | +0.0033% | 1h | 0.2471 | +0.570% | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2453 | −0.163% | $403K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2459 | +0.061% | $42.8M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2459 | +0.076% | $1.2M | $978K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2459 | +0.081% | $158K | $159K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2458 | +0.045% | $103.2M | $370.1M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2457 | 0.000% | $72.3M | $108.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2459 | +0.081% | $32.7M | $106.8M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2457 | 0.000% | $98.5M | $60.5M | 75x | as long as short |
| MEXC ADA_USDTlong | +0.0100% | 8h | 0.2457 | long leg | $59.0M | $52.9M | 300x | |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2459 | +0.065% | $29.9M | $17.6M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2458 | +0.041% | $66.0M | $47.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2459 | +0.081% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2459 | +0.085% | $127K | $411K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2459 | +0.084% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2447 | −0.404% | $65K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2446 | −0.467% | $296K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2445 | −0.488% | $56K | $589K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2460 | +0.102% | $94K | $670K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2459 | +0.081% | $6K | $16K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2461 | +0.145% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2461 | +0.158% | $9K | $757K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2460 | +0.102% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2459 | +0.100% | $1.3M | $5.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2459 | +0.081% | $47.8M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2457 | +0.017% | $532K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0107% | 8h | 0.2456 | −0.041% | $148K | $6.2M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0108% | 8h | 0.2459 | +0.083% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2449 | −0.346% | $4K | $87K | 10x | as long as short |
| Lighter ADA | +0.0200% | 1h | 0.2461 | +0.179% | $2.4M | $1.0M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0281% | 1h | 0.2459 | +0.081% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0353% | 1h | 0.2458 | +0.059% | $6.2M | $12.2M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0360% | 1h | 0.2460 | +0.130% | $503K | $470K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0416% / S −0.0202% | 1h | 0.2458 | +0.046% | $95K | — | 100x | as long as short |
Gate 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
Extended ADA-USD
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Phoenix ADA
Lighter ADA
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]