ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: Bybit against Paradex−0.061%7-day average — · you buy dearer than you sell

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

Long on Paradex Short on Bybit

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropParadex: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.061% cheaper against Paradex than usual: you would sell low and buy high, −$6 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2454	0.0108	pay 0.0108% / 8h	6h 07m	$21K	$250	20x
Short	Bybit ADAUSDT	0.2453	0.0100	get 0.0100% / 8h	6h 07m	$72.2M	$108.2M	75x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Bybit against Paradex. 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 ParadexbpFee BybitbpOrdersPrice spread, now −0.061%Rate

Funding earned: −$1.67
Price spread: −0.061% → 0.000%: −$6.1
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Bybit: 5.5 bp × 2 orders: −$11
Net: −$22.77
Costs to cover: 0.150%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Bybit: live order book, 2 min ago. 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 Paradex no order-book sample	—	—	—	—	—
Sell Bybit live order book, 2 min ago	2.04 bp	7.5 bp −$8	11.7 bp −$117	37.6 bp −$3,756	135.5 bp −$67.7K

Paradex: 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	0.2454	0.000%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.043%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.672%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2454	−0.020%	$402K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2455	+0.019%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	+0.024%	$1.2M	$977K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.002%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2454	−0.020%	$103.0M	$370.3M	75x	as long as short
Bybit ADAUSDTshort	+0.0100%	8h	0.2453	−0.061%	$72.2M	$108.2M	75x
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	−0.020%	$32.7M	$106.7M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.020%	$98.2M	$60.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	−0.020%	$59.0M	$52.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2453	−0.053%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	−0.020%	$65.9M	$47.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2454	−0.020%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	+0.082%	$127K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2455	+0.023%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2447	−0.303%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.366%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2445	−0.387%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	−0.008%	$94K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	+0.021%	$6K	$16K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2456	+0.070%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	−0.187%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2456	+0.069%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2456	+0.071%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2455	+0.021%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	−0.002%	$532K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0107%	8h	0.2455	+0.021%	$149K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERPlong	+0.0108%	8h	0.2454	long leg	$21K	$250	20x
Phoenix ADA	+0.0163%	1h	0.2449	−0.244%	$4K	$87K	10x	as long as short
Lighter ADA	+0.0192%	1h	0.2457	+0.110%	$2.4M	$1.0M	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	0.000%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2455	+0.006%	$6.2M	$12.2M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2454	−0.021%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0565%	1h	0.2457	+0.102%	$502K	$471K	50x	as long as short