Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%
Price spread now: Injective against Polymarket Perps+0.423%51s7-day average −0.269% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.162%+$16 on $10k
+Price spread, last 4 days (all we have)−1.498%−$150 · spread now +0.423%, 7d avg −0.269%
=The price spread pays, funding is against you. Injective is 0.692% dearer against Polymarket Perps than usual: you sell high and buy low (spread +0.423% now, against its 7-day average of −0.269%): +$69 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 35 days. Mind the row above: over the last 7 days funding on this pair paid +0.162%, so the current rate has only just turned against you. The two prices were read 51 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ADA-USD | 0.2461 | 0.0100 | pay 0.0013% / 1h | 42m 28s | $94K | $635K | 10x |
| Short | Injective ADA/USDC PERP | 0.2471 | 0.0033 | get 0.0004% / 1h | 42m 28s | $849 | $202K | 12x |
Polymarket Perps ADA-USD
Injective ADA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$14
- Price spread: +0.423% → −0.269%
- $69.2
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $47.18
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Polymarket Perps: live order book, 5 min ago; Injective: 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 Polymarket Perps live order book, 5 min ago | 3.04 bp | 7.4 bp −$7 | 10.2 bp −$102 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.2462 | +0.063% | $203K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2468 | +0.301% | $151K | $7.0M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2462 | +0.077% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0019% | 1h | 0.2461 | +0.035% | $6.3M | $13.3M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2470 | +0.378% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERPshort | +0.0033% | 1h | 0.2471 | +0.423% | $849 | $202K | 12x | |
| Lighter ADA | +0.0096% | 1h | 0.2464 | +0.154% | $2.4M | $987K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2466 | +0.228% | $43.9M | $16.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2461 | +0.025% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2463 | +0.097% | $158K | $170K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2461 | +0.027% | $103.9M | $393.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2460 | −0.024% | $73.0M | $117.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2461 | +0.016% | $32.9M | $112.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2460 | −0.024% | $99.6M | $62.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2461 | +0.016% | $59.1M | $63.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2464 | +0.126% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2461 | +0.016% | $67.0M | $51.8M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2462 | +0.057% | — | $6.5M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2467 | +0.263% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2470 | +0.380% | $66K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2471 | +0.423% | $289K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2470 | +0.382% | $229K | $760K | 50x | as long as short |
| Polymarket Perps ADA-USDlong | +0.0100% | 1h | 0.2461 | long leg | $94K | $635K | 10x | |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2461 | +0.016% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2462 | +0.076% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2463 | +0.098% | $8K | $748K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2462 | +0.057% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2466 | +0.216% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2461 | +0.016% | $48.0M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2463 | +0.106% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2461 | +0.032% | $534K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2467 | +0.260% | $395K | $8.3M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0113% | 1h | 0.2462 | +0.037% | $124K | $457K | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0116% | 1h | 0.2463 | +0.081% | $605K | $542K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2463 | +0.098% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2461 | −0.001% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0585% | 1h | 0.2461 | +0.024% | $140K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
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
Coinbase International ADA-PERP-INTX
Backpack ADA_USDC_PERP
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]