Funding you earn now, next payment 02:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h +0.001%
Price spread now: Gate against Phoenix+0.589%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Gate is 0.589% dearer against Phoenix than usual: you sell high and buy low (spread +0.589% now, against zero (this spread has no 7-day history yet)): +$59 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 31 days. Mind the row above: over the last 7 days funding on this pair paid +0.226%, 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 | 0.2480 | 0.0163 | pay 0.0020% / 1h | 21m 13s | $4K | $90K | 10x |
| Short | Gate ADA_USDT | 0.2495 | 0.0100 | get 0.0100% / 8h | 5h 21m | $100.0M | $60.2M | 75x |
Phoenix ADA
Gate ADA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate 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
- −$13.18
- Price spread: +0.589% → 0.000%
- $58.86
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- $23.68
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago | 2.02 bp | 13.4 bp −$13 | 17.4 bp −$174 | 87.4 bp −$8,745 | 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 | 0.2494 | +0.528% | $205K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2495 | +0.604% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.379% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2498 | +0.710% | $416K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2497 | +0.669% | $1.2M | $998K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2495 | +0.586% | $160K | $161K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2497 | +0.669% | $105.9M | $370.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2496 | +0.629% | $72.9M | $110.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2498 | +0.710% | $33.3M | $107.5M | 50x | as long as short |
| Gate ADA_USDTshort | +0.0100% | 8h | 0.2495 | +0.589% | $100.0M | $60.2M | 75x |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | +0.0100% | 8h | 0.2496 | +0.629% | $54.4M | $59.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2495 | +0.601% | $30.0M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2497 | +0.669% | $67.1M | $49.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2497 | +0.669% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2497 | +0.677% | $140K | $432K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2474 | −0.258% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2479 | −0.060% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2482 | +0.075% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2482 | +0.065% | $229K | $735K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2497 | +0.681% | $97K | $677K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2496 | +0.629% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2496 | +0.629% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2499 | +0.749% | $9K | $745K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2496 | +0.633% | $343 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2497 | +0.685% | $1.3M | $6.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2496 | +0.629% | $48.6M | $6.5M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0104% | 8h | 0.2495 | +0.589% | $162K | $6.3M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2495 | +0.603% | $539K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0111% | 8h | 0.2498 | +0.726% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0133% | 1h | 0.2498 | +0.706% | $43.4M | $14.4M | 10x | as long as short |
| Phoenix ADAlong | +0.0163% | 1h | 0.2480 | long leg | $4K | $90K | 10x | |
| Lighter ADA | +0.0200% | 1h | 0.2497 | +0.689% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2497 | +0.669% | $4.6M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0257% | 1h | 0.2495 | +0.606% | $6.4M | $12.6M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2497 | +0.669% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0419% / S −0.0214% | 1h | 0.2495 | +0.582% | $94K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0752% | 1h | 0.2497 | +0.677% | $590K | $443K | 50x | as long as short |
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
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
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL