ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 20:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Deribit against Phoenix+0.024%7-day average — · you sell dearer than you buy

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

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.220%+$22 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Deribit is 0.024% dearer against Phoenix than usual: you sell high and buy low: +$2 more if the spread 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	Phoenix ADA	0.2454	0.0163	pay 0.0020% / 1h	56m 43s	$4K	$82K	10x
Short	Deribit ADA_USDC-PERPETUAL	0.2454	0.0198	get 0.0025% / 1h	56m 43s	$477K	$359K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. 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 PhoenixbpFee DeribitbpOrdersPrice spread, now +0.024%Rate

Funding earned: $7.27
Price spread: +0.024% → 0.000%: $2.45
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$4.28
Costs to cover: 0.140%
Break-even: 11.1 days

Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 32 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 Deribit live order book, 32 min ago	24.09 bp	29.4 bp −$29	doesn't fit	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	0.2454	+0.037%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2454	+0.020%	$153K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.030%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2449	−0.183%	$405K	$7.1M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2457	+0.126%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2455	+0.057%	$42.5M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	+0.089%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.077%	$157K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	+0.102%	$102.2M	$356.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	+0.061%	$71.1M	$100.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	+0.020%	$32.3M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2452	−0.061%	$97.3M	$56.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	+0.061%	$52.9M	$56.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	+0.053%	$30.7M	$18.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2453	−0.020%	$65.6M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2454	+0.020%	—	$20.7M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2454	+0.012%	$102K	$425K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	+0.450%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	+0.472%	$66K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	+0.404%	$297K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2464	+0.428%	$55K	$578K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.024%	$96K	$700K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	−0.020%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.032%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.018%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2453	−0.033%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.030%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.020%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2455	+0.056%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	−0.052%	$564K	$1.8M	50x	as long as short
Phoenix ADAlong	+0.0163%	1h	0.2454	long leg	$4K	$82K	10x
Deribit ADA_USDC-PERPETUALshort	+0.0198%	1h	0.2454	+0.024%	$477K	$359K	50x
BloFin ADA-USDT	+0.0220%	8h	0.2455	+0.061%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2454	+0.018%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0336%	1h	0.2453	−0.005%	$6.1M	$11.6M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2452	−0.052%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.143%	$844	$95K	12x	as long as short