ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h −0.003%

Price spread now: Injective against Pacifica+1.125%7-day average −0.327% · you sell dearer than you buy

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

Long on Pacifica Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days−0.093%−$9 on $10k

Price spread, last 3 days (all we have)−2.198%−$220 · spread now +1.125%, 7d avg −0.327%

Together, before fees−2.291%+ Points / potential airdropPacifica: Active · farm board−$229 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Injective is 1.452% dearer against Pacifica than usual: you sell high and buy low (spread +1.125% now, against its 7-day average of −0.327%): +$145 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 2 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Pacifica ADA	0.2444	0.0100	pay 0.0013% / 1h	46m 57s	$157K	$145K	10x
Short	Injective ADA/USDC PERP	0.2471	0.0033	get 0.0004% / 1h	46m 57s	$849	$202K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Pacifica. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 PacificabpFee InjectivebpOrdersPrice spread, now +1.125%Rate

Funding earned: −$14
Price spread: +1.125% → −0.327%: $145.24
Slippage, 4 orders: no order book: not counted
Fee Pacifica: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $123.22
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: Pacifica: live order book, 26 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 Pacifica live order book, 26 min ago	2.25 bp	8.0 bp −$8	doesn't fit	doesn't fit	doesn't fit
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 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	0.2443	−0.025%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2444	+0.020%	$194K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2445	+0.042%	$84K	—	150x	as long as short
Injective ADA/USDC PERPshort	+0.0033%	1h	0.2471	+1.125%	$849	$202K	12x
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2443	−0.020%	$407K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0048%	1h	0.2444	+0.011%	$6.1M	$11.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2445	+0.082%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2447	+0.156%	$4K	$84K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2448	+0.180%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2446	+0.110%	$1.2M	$939K	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Pacifica ADAlong	+0.0100%	1h	0.2444	long leg	$157K	$145K	10x
Binance ADAUSDT	+0.0100%	8h	0.2444	+0.023%	$101.1M	$365.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2444	+0.020%	$71.3M	$103.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2445	+0.061%	$32.2M	$106.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	−0.020%	$97.4M	$58.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2443	−0.020%	$52.3M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2444	+0.025%	$29.9M	$17.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2444	+0.020%	$65.7M	$43.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2445	+0.061%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2446	+0.110%	$107K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2447	+0.148%	$4.2M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2446	+0.101%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	+0.103%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2446	+0.102%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2443	−0.020%	$93K	$643K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2445	+0.061%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2446	+0.110%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2445	+0.062%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2444	+0.020%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2446	+0.102%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2443	−0.020%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2443	−0.008%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2443	0.000%	$550K	$1.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2445	+0.061%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2444	+0.001%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0622% / S −0.0393%	1h	0.2445	+0.056%	$141K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4739%	1h	0.2506	+2.566%	$506K	$431K	50x	as long as short