Funding you earn now, next payment 09:00 UTC−0.0172%/8h= −18.9% APRpaid last 24h −0.057%
Price spread now: OKX against Reya−0.104%57s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 OKX is 0.104% cheaper against Reya than usual: you would sell low and buy high (−$10 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 57 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 | 0.2460 | 0.0272 | pay 0.0034% / 1h | 56m 39s | $1K | — | 15x |
| Short | OKX ADA-USDT-SWAP | 0.2457 | 0.0100 | get 0.0100% / 8h | 7h 56m | $32.8M | $119.3M | 50x |
Reya ADARUSDPERP
OKX ADA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$36.19
- Price spread: −0.104% → 0.000%
- −$10.39
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$62.58
- Costs to cover
- 0.160%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago | 2.03 bp | 10.3 bp −$10 | 13.1 bp −$131 | 43.9 bp −$4,387 | 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Phemex ADAUSDT | −0.0054% | 8h | 0.2460 | +0.018% | $47.6M | $7.6M | 50x | as long as short |
| dYdX ADA-USD | 0.0000% | 1h | 0.2459 | −0.030% | $202K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2460 | +0.034% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.465% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2461 | +0.075% | $2.4M | $996K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2460 | +0.011% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2460 | +0.014% | $158K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2459 | −0.023% | $104.0M | $407.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2458 | −0.063% | $73.3M | $127.2M | 75x | as long as short |
| OKX ADA-USDT-SWAPshort | +0.0100% | 8h | 0.2457 | −0.104% | $32.8M | $119.3M | 50x |
Phemex ADAUSDT
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2458 | −0.063% | $100.8M | $61.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2459 | −0.023% | $54.3M | $66.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2460 | +0.014% | $29.6M | $16.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2459 | −0.023% | $66.7M | $54.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2459 | −0.023% | — | $6.5M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2454 | −0.219% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2455 | −0.200% | $66K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.265% | $292K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2454 | −0.226% | $76K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2460 | +0.022% | $117K | $1.4M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2461 | +0.059% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2462 | +0.103% | $40K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2460 | +0.025% | $8K | $754K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2462 | +0.079% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2463 | +0.121% | $1.3M | $7.2M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2460 | +0.013% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2459 | −0.028% | $505K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0105% | 8h | 0.2458 | −0.063% | $232K | $7.7M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2456 | −0.145% | $365K | $8.5M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0191% | 1h | 0.2463 | +0.152% | $142K | $486K | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0198% | 1h | 0.2462 | +0.086% | $6.4M | $14.1M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2461 | +0.059% | $4.5M | $5.9M | 75x | as long as short |
| Phoenix ADA | +0.0228% | 1h | 0.2460 | +0.014% | $3K | $113K | 10x | as long as short |
| Reya ADARUSDPERPlong | +0.0272% | 1h | 0.2460 | long leg | $1K | — | 15x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0370% / S −0.0295% | 1h | 0.2460 | +0.020% | $87K | — | 100x | as long as short |
| Hyperliquid ADA | +0.0380% | 1h | 0.2463 | +0.128% | $43.6M | $18.3M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0603% | 1h | 0.2463 | +0.128% | $639K | $738K | 50x | as long as short |
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
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Paradex ADA-USD-PERP
Extended ADA-USD
Kalshi KXADAPERP
Coinbase International ADA-PERP-INTX
Backpack ADA_USDC_PERP
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Phoenix ADA
GMX ADA/USD [WBTC.b-USDC]
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL