Funding you earn now, next payment 09:00 UTC−0.0167%/8h= −18.3% APRpaid last 24h 0.000%
Price spread now: SoDEX against Phemex−0.020%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
=Together, before fees—needs both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and SoDEX is 0.020% cheaper against Phemex than usual: you would sell low and buy high (−$2 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 | Phemex ADAUSDT | 0.2453 | 0.0267 | pay 0.0267% / 8h | 7h 54m | $47.5M | $7.6M | 50x |
| Short | SoDEX ADA-USD | 0.2452 | 0.0100 | get 0.0013% / 1h | 54m 43s | $337 | $13K | 10x |
Phemex ADAUSDT
SoDEX ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX against Phemex. 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
- −$35.16
- Price spread: −0.020% → 0.000%
- −$2.04
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$57.2
- Costs to cover
- 0.200%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; SoDEX: 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, 4 min ago | 4.07 bp | 10.1 bp −$10 | 14.1 bp −$141 | 41.2 bp −$4,121 | doesn't fit |
| Sell SoDEX no order-book sample | — | — | — | — | — |
SoDEX: 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 | 0.2458 | +0.197% | $202K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2451 | −0.069% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.734% | $849 | $202K | 12x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2458 | +0.195% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2457 | +0.171% | $157K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2458 | +0.204% | $103.9M | $407.7M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2456 | +0.122% | $73.3M | $127.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2456 | +0.122% | $32.7M | $119.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2458 | +0.204% | $100.8M | $61.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2457 | +0.163% | $54.3M | $66.6M | 300x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2458 | +0.188% | $29.5M | $16.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2458 | +0.204% | $66.7M | $54.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2458 | +0.204% | — | $6.6M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2455 | +0.085% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2460 | +0.271% | $66K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | +0.001% | $292K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2454 | +0.041% | $76K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2450 | −0.130% | $116K | $1.4M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2451 | −0.082% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2462 | +0.371% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2452 | −0.032% | $8K | $754K | 30x | as long as short |
| SoDEX ADA-USDshort | +0.0100% | 1h | 0.2452 | −0.020% | $337 | $13K | 10x | |
| HTX ADA-USDT | +0.0100% | 8h | 0.2452 | −0.023% | $1.3M | $7.2M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2450 | −0.128% | $21K | $250 | 20x | as long as short |
| Kalshi KXADAPERP | +0.0104% | 8h | 0.2451 | −0.082% | $212K | $7.8M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2458 | +0.216% | $505K | $1.8M | 50x | as long as short |
| Lighter ADA | +0.0112% | 1h | 0.2459 | +0.236% | $2.4M | $996K | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.0120% | 1h | 0.2454 | +0.057% | $141K | $486K | 15x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2453 | 0.000% | $365K | $8.5M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0199% | 1h | 0.2453 | −0.015% | $6.3M | $14.1M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2452 | −0.041% | $4.5M | $5.9M | 75x | as long as short |
| Phoenix ADA | +0.0228% | 1h | 0.2460 | +0.281% | $3K | $113K | 10x | as long as short |
| Phemex ADAUSDTlong | +0.0267% | 8h | 0.2453 | long leg | $47.5M | $7.6M | 50x | |
| Reya ADARUSDPERP | +0.0272% | 1h | 0.2451 | −0.081% | $1K | — | 15x | as long as short |
| Hyperliquid ADA | +0.0348% | 1h | 0.2459 | +0.261% | $43.5M | $18.3M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0369% / S −0.0295% | 1h | 0.2451 | −0.078% | $87K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0484% | 1h | 0.2453 | −0.016% | $636K | $738K | 50x | as long as short |
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
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
HTX ADA-USDT
Paradex ADA-USD-PERP
Kalshi KXADAPERP
Extended ADA-USD
Lighter ADA
Backpack ADA_USDC_PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Phoenix ADA
Reya ADARUSDPERP
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL