Funding you earn now, next payment 03:00 UTC−0.0009%/8h= −1.0% APRpaid last 24h 0.000%
Price spread now: Derive against Paradex−0.244%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
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.244% cheaper against Paradex than usual: you would sell low and buy high, −$24 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 | 0.2465 | 0.0109 | pay 0.0109% / 8h | 5h 43m | $21K | $250 | 20x |
| Short | Derive ADA-PERP | 0.2459 | 0.0100 | get 0.0013% / 1h | 43m 44s | $40K | $3K | 5x |
Paradex ADA-USD-PERP
Derive ADA-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Derive 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
- −$1.9
- Price spread: −0.244% → 0.000%
- −$24.43
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$36.33
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Derive: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Derive no order-book sample | — | — | — | — | — |
Paradex and Derive: 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 | 0.2463 | −0.076% | $203K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2456 | −0.331% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.263% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2458 | −0.265% | $441K | $7.5M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2462 | −0.090% | $42.9M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2461 | −0.156% | $1.2M | $985K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2464 | −0.021% | $158K | $159K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2464 | −0.008% | $103.2M | $367.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2464 | −0.021% | $72.8M | $108.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2465 | +0.019% | $32.8M | $105.5M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2458 | −0.265% | $98.3M | $58.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2463 | −0.062% | $60.1M | $55.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2461 | −0.147% | $29.8M | $16.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2464 | −0.021% | $65.9M | $47.7M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2464 | −0.021% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2458 | −0.253% | $119K | $420K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2456 | −0.343% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2454 | −0.431% | $65K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.487% | $287K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2452 | −0.508% | $226K | $722K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2458 | −0.277% | $94K | $674K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2458 | −0.265% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERPshort | +0.0100% | 1h | 0.2459 | −0.244% | $40K | $3K | 5x | |
| SunX ADA-USDT | +0.0100% | 8h | 0.2459 | −0.225% | $8K | $745K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2458 | −0.265% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2458 | −0.264% | $1.3M | $6.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2458 | −0.265% | $47.8M | $6.3M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0103% | 8h | 0.2463 | −0.062% | $162K | $6.2M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2459 | −0.210% | $535K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERPlong | +0.0109% | 8h | 0.2465 | long leg | $21K | $250 | 20x | |
| Phoenix ADA | +0.0163% | 1h | 0.2456 | −0.334% | $4K | $90K | 10x | as long as short |
| Lighter ADA | +0.0200% | 1h | 0.2463 | −0.074% | $2.4M | $1.0M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2462 | −0.103% | — | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0261% | 1h | 0.2458 | −0.283% | $6.3M | $12.3M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2457 | −0.285% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0401% | 1h | 0.2459 | −0.245% | $540K | $456K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0416% / S −0.0202% | 1h | 0.2455 | −0.373% | $95K | — | 100x | as long as short |
Gate ADA_USDT
MEXC 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
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Phoenix ADA
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]