Funding you earn now, next payment 02:00 UTC+0.0198%/8h= +21.7% APRnext payment +$0.25 per $10,000 · paid last 24h −0.055%
Price spread now: Deribit against Reya+0.069%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$6 a day on $10k at the current rate, and Deribit is 0.069% dearer against Reya than usual: you sell high and buy low: +$7 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 | Reya ADARUSDPERP | 0.2468 | 0.0281 | pay 0.0035% / 1h | 27m 02s | $1K | — | 15x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2470 | 0.0479 | get 0.0060% / 1h | 27m 02s | $505K | $471K | 50x |
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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
- $41.56
- Price spread: +0.069% → 0.000%
- $6.87
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $35.43
- Costs to cover
- 0.130%
- Break-even
- 1.0 days
Slippage unknown: Reya: no order-book sample; Deribit: live order book, 42 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 Deribit live order book, 42 min ago | 2.62 bp | 6.5 bp −$6 | 14.3 bp −$143 | doesn't fit | doesn't fit |
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 36 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 | 0.2467 | −0.058% | $203K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2465 | −0.108% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.121% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2459 | −0.365% | $401K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2470 | +0.097% | $43.1M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2470 | +0.081% | $1.2M | $970K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2468 | −0.010% | $160K | $156K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2470 | +0.089% | $103.4M | $373.8M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2470 | +0.081% | $72.7M | $108.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2470 | +0.081% | $32.8M | $108.4M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2467 | −0.041% | $98.3M | $59.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2466 | −0.081% | $49.6M | $51.6M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2469 | +0.024% | $30.2M | $17.6M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2469 | +0.040% | $66.0M | $47.0M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2469 | +0.040% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2469 | +0.052% | $128K | $423K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2452 | −0.644% | $4.2M | $991K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2456 | −0.476% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2457 | −0.448% | $288K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2458 | −0.405% | $56K | $588K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2469 | +0.032% | $93K | $666K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2468 | 0.000% | $6K | $27K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2469 | +0.058% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2466 | −0.084% | $9K | $768K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2468 | −0.004% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2466 | −0.093% | $1.3M | $5.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2467 | −0.041% | $48.0M | $6.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2469 | +0.035% | $535K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0106% | 8h | 0.2468 | +0.003% | $21K | $250 | 20x | as long as short |
| Kalshi KXADAPERP | +0.0111% | 8h | 0.2468 | 0.000% | $140K | $6.3M | 3.2x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2461 | −0.268% | $4K | $87K | 10x | as long as short |
| Lighter ADA | +0.0192% | 1h | 0.2470 | +0.081% | $2.5M | $1.0M | 10x | as long as short |
| Reya ADARUSDPERPlong | +0.0281% | 1h | 0.2468 | long leg | $1K | — | 15x | |
| Kraken Futures PF_ADAUSD | +0.0352% | 1h | 0.2468 | −0.014% | $6.2M | $12.1M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0416% / S −0.0202% | 1h | 0.2465 | −0.113% | $96K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0479% | 1h | 0.2470 | +0.069% | $505K | $471K | 50x |
Gate ADA_USDT
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
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Kalshi KXADAPERP
Phoenix ADA
Lighter ADA
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]