Funding you earn now, next payment 21:00 UTC−0.0095%/8h= −10.4% APRnext payment −$0.12 per $10,000 · paid last 24h +0.014%
Price spread now: ApeX Omni against Phoenix−0.098%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.283%+$28 on $10k
+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 −$3 a day on $10k at the current rate, and ApeX Omni is 0.098% cheaper against Phoenix than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.283%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ADA | 0.2446 | 0.0195 | pay 0.0024% / 1h | 2m 54s | $4K | $82K | 10x |
| Short | ApeX Omni ADAUSDT | 0.2444 | 0.0100 | get 0.0013% / 1h | 2m 54s | $55K | $579K | 50x |
Phoenix ADA
ApeX Omni ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
ApeX Omni against Phoenix. 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
- −$19.86
- Price spread: −0.098% → 0.000%
- −$9.81
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$46.67
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; ApeX Omni: live order book, 20 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 20 min ago | 4.06 bp | 10.7 bp −$11 | 44.9 bp −$449 | doesn't fit | doesn't fit |
Phoenix: 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 | 0.2448 | +0.080% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2451 | +0.188% | $153K | $5.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2451 | +0.177% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2454 | +0.311% | $407K | $7.2M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0076% | 1h | 0.2452 | +0.245% | $476K | $353K | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2453 | +0.262% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2451 | +0.200% | $42.5M | $14.6M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2451 | +0.177% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2450 | +0.151% | $157K | $147K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2450 | +0.167% | $101.5M | $355.8M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Deribit ADA_USDC-PERPETUAL
Lighter ADA
Hyperliquid 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 | 0.2450 | +0.147% | $70.5M | $99.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2450 | +0.147% | $31.8M | $105.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2449 | +0.106% | $96.5M | $58.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2451 | +0.188% | $52.7M | $56.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2451 | +0.200% | $30.3M | $18.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2450 | +0.147% | $65.6M | $42.8M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2450 | +0.147% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2452 | +0.241% | $101K | $413K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2444 | −0.082% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2445 | −0.039% | $65K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2445 | −0.073% | $295K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDTshort | +0.0100% | 1h | 0.2444 | −0.098% | $55K | $579K | 50x | |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2450 | +0.139% | $96K | $624K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2451 | +0.188% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2452 | +0.212% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2452 | +0.227% | $9K | $758K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2451 | +0.188% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2451 | +0.191% | $1.3M | $5.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2451 | +0.188% | $47.8M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2451 | +0.187% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2450 | +0.155% | $556K | $1.8M | 50x | as long as short |
| Phoenix ADAlong | +0.0195% | 1h | 0.2446 | long leg | $4K | $82K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2449 | +0.106% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0286% | 1h | 0.2450 | +0.159% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0337% | 1h | 0.2451 | +0.201% | $6.2M | $11.4M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0504% / S −0.0263% | 1h | 0.2451 | +0.175% | $110K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2445 | −0.057% | $840 | $168K | 12x | 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
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP