Funding you earn now, next payment 03:00 UTC−0.0031%/8h= −3.4% APRpaid last 24h −0.007%
Price spread now: Coinbase International against Paradex−0.088%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.088% cheaper against Paradex than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ADA-USD-PERP | 0.2483 | 0.0111 | pay 0.0111% / 8h | 4h 00m | $21K | $250 | 20x |
| Short | Coinbase International ADA-PERP-INTX | 0.2481 | 0.0080 | get 0.0010% / 1h | 0m 43s | $420K | $7.8M | 50x |
Paradex ADA-USD-PERP
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Paradex. 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
- −$6.58
- Price spread: −0.088% → 0.000%
- −$8.84
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$29.42
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago | 4.05 bp | 13.0 bp −$13 | 19.5 bp −$195 | 142.8 bp −$14.3K | doesn't fit |
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 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 | 0.2480 | −0.142% | $204K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2480 | −0.129% | $167K | $6.2M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2480 | −0.127% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.491% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0080% | 1h | 0.2481 | −0.088% | $420K | $7.8M | 50x | |
| Kraken Futures PF_ADAUSD | +0.0091% | 1h | 0.2480 | −0.111% | $6.3M | $12.5M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2482 | −0.028% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2481 | −0.088% | $1.2M | $990K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2483 | −0.011% | $161K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2483 | −0.008% | $105.2M | $371.3M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Kraken Futures PF_ADAUSD
Lighter 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 | 0.2480 | −0.129% | $72.4M | $108.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2482 | −0.048% | $33.2M | $106.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2479 | −0.169% | $99.1M | $59.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2480 | −0.129% | $61.7M | $61.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2481 | −0.096% | $30.0M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2480 | −0.129% | $66.8M | $49.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2480 | −0.129% | — | $20.0M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2482 | −0.044% | $131K | $441K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2481 | −0.086% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2473 | −0.420% | $66K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2473 | −0.410% | $290K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2471 | −0.491% | $228K | $748K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2482 | −0.056% | $95K | $690K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2481 | −0.088% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2481 | −0.079% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2482 | −0.049% | $9K | $729K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2480 | −0.109% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2483 | −0.011% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2483 | −0.008% | $48.5M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2481 | −0.095% | $537K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERPlong | +0.0111% | 8h | 0.2483 | long leg | $21K | $250 | 20x | |
| Phoenix ADA | +0.0195% | 1h | 0.2472 | −0.459% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2482 | −0.048% | $4.6M | $5.8M | 75x | as long as short |
| Hyperliquid ADA | +0.0251% | 1h | 0.2483 | −0.024% | $43.8M | $15.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2481 | −0.088% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0597% / S −0.0547% | 1h | 0.2479 | −0.163% | $134K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0597% | 1h | 0.2482 | −0.064% | $602K | $488K | 50x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC 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
Phoenix ADA
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL