Funding you earn now, next payment 00:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.009%
Price spread now: Coinbase International against Variational Omni−0.168%7-day average −0.009% · 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)−0.041%−$4 on $10k
+Price spread, last 3 days (all we have)+0.275%+$27 · spread now −0.168%, 7d avg −0.009%
=Together, before fees+0.233%+ Points / potential airdropVariational Omni: Active · farm board+$23 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Coinbase International is 0.160% cheaper against Variational Omni than usual: you would sell low and buy high (−$16 if the spread goes back to its 7-day average of −0.009%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ADA | 0.2447 | 0.0100 | pay 0.0100% / 8h | 7h 46m | $4.2M | $967K | — |
| Short | Coinbase International ADA-PERP-INTX | 0.2443 | 0.0040 | get 0.0005% / 1h | 46m 41s | $407K | $7.2M | 50x |
Variational Omni ADA
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Variational Omni. 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
- −$12.6
- Price spread: −0.168% → −0.009%
- −$15.96
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$38.56
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Coinbase International: 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 Variational Omni RFQ quote, 2 min ago | 8.18 bp | doesn't fit | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 2 min ago | 4.09 bp | 13.0 bp −$13 | 18.0 bp −$180 | 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 | 0.2443 | −0.183% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2444 | −0.128% | $194K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2445 | −0.106% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.976% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0040% | 1h | 0.2443 | −0.168% | $407K | $7.2M | 50x | |
| Kraken Futures PF_ADAUSD | +0.0048% | 1h | 0.2444 | −0.137% | $6.1M | $11.7M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2445 | −0.107% | $2.4M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2447 | +0.007% | $4K | $84K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2445 | −0.074% | $42.4M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2444 | −0.119% | $1.2M | $939K | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Kraken Futures PF_ADAUSD
Lighter ADA
Phoenix ADA
Hyperliquid ADA
Aster ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ADA | +0.0100% | 1h | 0.2444 | −0.123% | $157K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2444 | −0.124% | $101.1M | $365.1M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2444 | −0.128% | $71.3M | $103.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2444 | −0.128% | $32.2M | $106.6M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2443 | −0.168% | $97.4M | $58.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2443 | −0.168% | $52.3M | $50.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2444 | −0.123% | $29.9M | $17.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2444 | −0.128% | $65.7M | $43.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2445 | −0.087% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2446 | −0.038% | $107K | $416K | 15x | as long as short |
| Variational Omni ADAlong | +0.0100% | 8h | 0.2447 | long leg | $4.2M | $967K | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2446 | −0.048% | $65K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2446 | −0.045% | $289K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2446 | −0.046% | $55K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2443 | −0.168% | $93K | $643K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2445 | −0.087% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2446 | −0.038% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2445 | −0.086% | $9K | $766K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2444 | −0.128% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2446 | −0.046% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2443 | −0.168% | $47.7M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2443 | −0.156% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2443 | −0.148% | $550K | $1.8M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2445 | −0.087% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2444 | −0.147% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0622% / S −0.0393% | 1h | 0.2445 | −0.092% | $141K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4739% | 1h | 0.2506 | +2.414% | $506K | $431K | 50x | as long as short |
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
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
Paradex ADA-USD-PERP
Extended ADA-USD
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL