Funding you earn now, next payment 07:00 UTC−0.0175%/8h= −19.1% APRpaid last 24h −0.057%
Price spread now: Bybit against Reya−0.124%46s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Bybit is 0.124% cheaper against Reya than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 46 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 | Reya ADARUSDPERP | 0.2438 | 0.0275 | pay 0.0034% / 1h | 42m 44s | $1K | — | 15x |
| Short | Bybit ADAUSDT | 0.2435 | 0.0100 | get 0.0100% / 8h | 1h 42m | $72.1M | $125.3M | 75x |
Reya ADARUSDPERP
Bybit ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Reya. 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
- −$36.69
- Price spread: −0.124% → 0.000%
- −$12.4
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$66.09
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Bybit: live order book, 1 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 Reya no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 1 min ago | 2.05 bp | 7.6 bp −$8 | 10.4 bp −$104 | 35.1 bp −$3,507 | 122.1 bp −$61.1K |
Reya: 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2438 | −0.001% | $200K | $7.6M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2439 | +0.020% | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.353% | $849 | $202K | 12x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2439 | +0.040% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2435 | −0.119% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2436 | −0.097% | $156K | $178K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2435 | −0.126% | $102.4M | $411.3M | 75x | as long as short |
| Bybit ADAUSDTshort | +0.0100% | 8h | 0.2435 | −0.124% | $72.1M | $125.3M | 75x | |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2436 | −0.083% | $32.4M | $118.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2436 | −0.083% | $99.6M | $64.2M | 75x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Orderly PERP_ADA_USDC
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | +0.0100% | 8h | 0.2434 | −0.165% | $51.8M | $64.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2435 | −0.128% | $29.4M | $15.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2435 | −0.124% | $66.1M | $53.6M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2436 | −0.083% | — | $20.3M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2438 | +0.003% | $139K | $485K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2430 | −0.326% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2435 | −0.140% | $65K | $288K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2437 | −0.059% | $295K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2436 | −0.083% | $81K | $890K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2439 | +0.020% | $125K | $1.2M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2439 | +0.054% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2438 | −0.002% | $8K | $766K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2437 | −0.021% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2436 | −0.064% | $1.3M | $7.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2439 | +0.040% | $47.3M | $7.4M | 50x | as long as short |
| dYdX ADA-USD | +0.0101% | 1h | 0.2436 | −0.103% | $200K | $2K | 10x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2437 | −0.043% | $512K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2436 | −0.077% | $20K | $250 | 20x | as long as short |
| Lighter ADA | +0.0120% | 1h | 0.2437 | −0.054% | $2.4M | $1.0M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0120% | 1h | 0.2435 | −0.124% | $382K | $8.6M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2439 | +0.056% | $4K | $111K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0171% | 1h | 0.2437 | −0.037% | $6.3M | $13.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2439 | +0.040% | $4.4M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERPlong | +0.0275% | 1h | 0.2438 | long leg | $1K | — | 15x | |
| Hyperliquid ADA | +0.0287% | 1h | 0.2437 | −0.026% | $42.8M | $18.2M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0488% | 1h | 0.2440 | +0.069% | $621K | $614K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0630% / S −0.0728% | 1h | 0.2438 | +0.011% | $164K | — | 100x | as long as short |
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
dYdX ADA-USD
Extended ADA-USD
Paradex ADA-USD-PERP
Lighter ADA
Coinbase International ADA-PERP-INTX
Phoenix ADA
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]