ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0001%/8h= +0.1% APRnext payment +$0.01 per $10,000 · paid last 24h 0.000%

Price spread now: Paradex against Phemex+0.108%7-day average — · you sell dearer than you buy

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

Long on Phemex Short on Paradex

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: Paradex is 0.108% dearer against Phemex than usual: you sell high and buy low, +$11 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	Phemex ADAUSDT	0.2438	0.0100	pay 0.0100% / 8h	2h 16m	$47.3M	$7.4M	50x
Short	Paradex ADA-USD-PERP	0.2441	0.0101	get 0.0101% / 8h	2h 16m	$20K	$250	20x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Paradex against Phemex. 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 PhemexbpFee ParadexbpOrdersPrice spread, now +0.108%Rate

Funding earned: $0.25
Price spread: +0.108% → 0.000%: $10.84
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Paradex: 2 bp × 2 orders: −$4
Net: −$4.91
Costs to cover: 0.160%
Break-even: 143.7 days

Slippage unknown: Phemex: live order book, 2 min ago; Paradex: 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 Phemex live order book, 2 min ago	2.05 bp	12.0 bp −$12	15.1 bp −$151	43.3 bp −$4,329	doesn't fit
Sell Paradex no order-book sample	—	—	—	—	—

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
Kalshi KXADAPERP	0.0000%	8h	0.2439	+0.041%	$190K	$7.5M	3.2x	as long as short
dYdX ADA-USD	+0.0002%	1h	0.2438	−0.009%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2438	+0.017%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2439	+0.049%	$6.3M	$13.7M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2441	+0.139%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.354%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2440	+0.078%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2440	+0.066%	$42.0M	$17.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2438	0.000%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2440	+0.069%	$156K	$176K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2438	−0.020%	$102.6M	$407.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2437	−0.041%	$71.6M	$123.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2439	+0.041%	$32.4M	$117.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2436	−0.082%	$98.8M	$64.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2436	−0.082%	$52.3M	$65.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2438	−0.008%	$29.2M	$15.7M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2438	0.000%	$66.3M	$53.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2437	−0.041%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	+0.053%	$126K	$476K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2427	−0.448%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2430	−0.314%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2438	0.000%	$286K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2439	+0.041%	$84K	$887K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2439	+0.033%	$120K	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2439	+0.041%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2439	+0.055%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2440	+0.080%	$8K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2440	+0.062%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2439	+0.042%	$1.3M	$6.9M	75x	as long as short
Phemex ADAUSDTlong	+0.0100%	8h	0.2438	long leg	$47.3M	$7.4M	50x
Paradex ADA-USD-PERPshort	+0.0101%	8h	0.2441	+0.108%	$20K	$250	20x
Extended ADA-USD	+0.0104%	1h	0.2437	−0.047%	$521K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2438	0.000%	$380K	$8.5M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2442	+0.164%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2440	+0.062%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0447%	1h	0.2440	+0.094%	$608K	$597K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0640% / S −0.0714%	1h	0.2438	−0.006%	$161K	—	100x	as long as short