ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0009%/8h= −1.0% APRnext payment −$0.09 per $10,000 · paid last 24h 0.000%

Price spread now: Phemex against Paradex+0.155%7-day average — · you sell dearer than you buy

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

Long on Paradex Short on Phemex

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

The price spread pays, funding is against you. Phemex is 0.155% dearer against Paradex than usual: you sell high and buy low (spread +0.155% now, against zero (this spread has no 7-day history yet)): +$16 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 56 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Paradex ADA-USD-PERP	0.2468	0.0109	pay 0.0109% / 8h	5h 39m	$21K	$250	20x
Short	Phemex ADAUSDT	0.2472	0.0100	get 0.0100% / 8h	5h 39m	$48.1M	$6.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phemex 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 PhemexbpOrdersPrice spread, now +0.155%Rate

Funding earned: −$1.96
Price spread: +0.155% → 0.000%: $15.54
Slippage, 4 orders: no order book: not counted
Fee Paradex: 2 bp × 2 orders: −$4
Fee Phemex: 6 bp × 2 orders: −$12
Net: −$2.42
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Paradex: no order-book sample; Phemex: live order book, 5 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 Phemex live order book, 5 min ago	2.03 bp	11.9 bp −$12	16.6 bp −$166	43.8 bp −$4,382	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	0.2469	+0.048%	$203K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2472	+0.168%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.115%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2472	+0.155%	$421K	$7.6M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2472	+0.147%	$43.0M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2472	+0.135%	$1.2M	$987K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	+0.035%	$158K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	+0.033%	$103.7M	$369.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2468	−0.007%	$72.6M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2471	+0.115%	$32.9M	$106.0M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2468	−0.007%	$98.9M	$59.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2468	−0.007%	$51.9M	$56.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	+0.099%	$29.8M	$16.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2468	−0.007%	$66.1M	$48.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2469	+0.034%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2475	+0.257%	$122K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2468	−0.006%	$4.3M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	−0.124%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2464	−0.178%	$299K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	−0.209%	$227K	$730K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2475	+0.281%	$95K	$675K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2473	+0.196%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2474	+0.245%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2470	+0.074%	$9K	$746K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2473	+0.216%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2476	+0.302%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDTshort	+0.0100%	8h	0.2472	+0.155%	$48.1M	$6.3M	50x
Kalshi KXADAPERP	+0.0104%	8h	0.2473	+0.196%	$166K	$6.3M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2468	−0.014%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERPlong	+0.0109%	8h	0.2468	long leg	$21K	$250	20x
Phoenix ADA	+0.0163%	1h	0.2469	+0.022%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0176%	1h	0.2470	+0.070%	$2.5M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	−0.088%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0260%	1h	0.2473	+0.183%	$6.3M	$12.4M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2473	+0.195%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0417% / S −0.0202%	1h	0.2473	+0.186%	$96K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0518%	1h	0.2474	+0.249%	$544K	$458K	50x	as long as short