ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0036%/8h= −3.9% APRnext payment −$0.04 per $10,000 · paid last 24h −0.011%

Price spread now: Coinbase International against Polymarket Perps−0.094%7-day average −0.015% · you buy dearer than you sell

Net, funding: paid 7d − costs−$30as in the Funding arb table

Net, price: spread back to 7d avg − costs−$47as in the Price arb table

costs, in and out, $10k−$390.392% of the position

Long on Polymarket Perps Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.091%+$9 on $10k

Price spread, last 3 days (all we have)+0.163%+$16 · spread now −0.094%, 7d avg −0.015%

Together, before fees+0.255%+$25 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Coinbase International is 0.078% cheaper against Polymarket Perps than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.015%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.091%, 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	Polymarket Perps ADA-USD	0.2453	0.0100	pay 0.0013% / 1h	23m 01s	$96K	$624K	10x
Short	Coinbase International ADA-PERP-INTX	0.2451	0.0064	get 0.0008% / 1h	23m 01s	$409K	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Polymarket Perps. 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 Polymarket PerpsbpFee Coinbase InternationalbpOrdersPrice spread, now −0.094%Rate

Funding earned: −$7.56
Price spread: −0.094% → −0.015%: −$7.85
Slippage, 4 orders: −$21.18
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$54.59
Costs to cover: 0.392%
Break-even: never at this rate

Slippage from Polymarket Perps: live order book, 60 min ago; Coinbase International: live order book, 1 min ago.

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 Polymarket Perps live order book, 60 min ago	2.84 bp	8.0 bp −$8	9.8 bp −$98	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	6.12 bp	12.1 bp −$12	18.5 bp −$185	doesn't fit	doesn't fit

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	0.2451	−0.106%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2453	−0.012%	$154K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.031%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0064%	1h	0.2451	−0.094%	$409K	$7.3M	50x
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2452	−0.058%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2454	+0.020%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2453	−0.020%	$42.5M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	−0.012%	$1.2M	$917K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	−0.044%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	−0.032%	$101.7M	$359.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2451	−0.094%	$71.1M	$101.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	−0.012%	$31.8M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2451	−0.094%	$96.6M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	−0.053%	$52.7M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	−0.033%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2452	−0.053%	$65.7M	$43.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2452	−0.053%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2453	−0.020%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.045%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.058%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	−0.053%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.053%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2453	long leg	$96K	$624K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2452	−0.053%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2453	−0.030%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.031%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	−0.069%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.009%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.053%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2452	−0.056%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	−0.051%	$554K	$1.8M	50x	as long as short
Phoenix ADA	+0.0131%	1h	0.2451	−0.110%	$4K	$74K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0199%	1h	0.2453	0.000%	$479K	$352K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2453	−0.012%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2452	−0.049%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.721%	$849	$202K	12x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2452	−0.053%	$122K	—	100x	as long as short