Funding you earn now, next payment 22:00 UTC+0.0031%/8h= +3.4% APRpaid last 24h −0.011%
Price spread now: Phoenix against MEXC+0.045%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.220%−$22 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 +$1 a day on $10k at the current rate, and Phoenix is 0.045% dearer against MEXC than usual: you sell high and buy low: +$4 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 −0.220%, so the current rate has only just turned in your favour. The two prices were read 47 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 | 0.2453 | 0.0100 | pay 0.0100% / 8h | 1h 52m | $52.8M | $50.1M | 300x |
| Short | Phoenix ADA | 0.2454 | 0.0131 | get 0.0016% / 1h | 52m 32s | $4K | $74K | 10x |
MEXC ADA_USDT
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $6.46
- Price spread: +0.045% → 0.000%
- $4.48
- Slippage, 4 orders
- no order book: not counted
- Fee MEXC: 0 bp × 2 orders
- $0
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $3.94
- Costs to cover
- 0.070%
- Break-even
- 2.7 days
Slippage unknown: MEXC: live order book, 1 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 MEXC live order book, 1 min ago | 2.04 bp | 2.0 bp −$2 | 2.5 bp −$25 | 19.3 bp −$1,934 | 61.9 bp −$30.9K |
| 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 | 0.2452 | −0.027% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2455 | +0.082% | $154K | $5.9M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | 0.0000% | 1h | 0.2454 | +0.057% | $477K | $350K | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | +0.049% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0064% | 1h | 0.2463 | +0.408% | $409K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0095% | 1h | 0.2454 | +0.025% | $6.2M | $11.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2457 | +0.147% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2455 | +0.077% | $42.5M | $14.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2455 | +0.090% | $1.2M | $998K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2455 | +0.084% | $157K | $147K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
Deribit ADA_USDC-PERPETUAL
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
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 | 0.2457 | +0.178% | $101.9M | $356.0M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2457 | +0.163% | $70.7M | $99.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2459 | +0.245% | $31.8M | $105.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2453 | 0.000% | $96.7M | $57.4M | 75x | as long as short |
| MEXC ADA_USDTlong | +0.0100% | 8h | 0.2453 | long leg | $52.8M | $50.1M | 300x | |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2454 | +0.033% | $30.2M | $18.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2455 | +0.082% | $65.7M | $42.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2455 | +0.082% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2452 | −0.029% | $101K | $415K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2460 | +0.297% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2464 | +0.431% | $66K | $279K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2464 | +0.449% | $298K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2465 | +0.489% | $56K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2455 | +0.098% | $96K | $624K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | +0.041% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | +0.046% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2459 | +0.243% | $9K | $755K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | +0.045% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2454 | +0.060% | $1.3M | $5.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2452 | −0.041% | $47.9M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2456 | +0.104% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2456 | +0.106% | $559K | $1.8M | 50x | as long as short |
| Phoenix ADAshort | +0.0131% | 1h | 0.2454 | +0.045% | $4K | $74K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2457 | +0.163% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0286% | 1h | 0.2455 | +0.070% | $1K | — | 15x | as long as short |
| Injective ADA/USDC PERP | +0.0288% | 1h | 0.2445 | −0.326% | $840 | $168K | 12x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0565% / S −0.0313% | 1h | 0.2454 | +0.026% | $122K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
KuCoin ADAUSDTM
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
Injective ADA/USDC PERP
GMX ADA/USD [WBTC.b-USDC]