Funding you earn now, next payment 03:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h 0.000%
Price spread now: Injective against Variational Omni−0.963%76s7-day average −0.281% · 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)−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)+0.914%+$91 · spread now −0.963%, 7d avg −0.281%
=Together, before fees+0.875%+ Points / potential airdropVariational Omni: Active · farm board+$88 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 Injective is 0.683% cheaper against Variational Omni than usual: you would sell low and buy high (−$68 if the spread goes back to its 7-day average of −0.281%). Swap the legs. The two prices were read 76 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 | Variational Omni ADA | 0.2495 | 0.0100 | pay 0.0100% / 8h | 5h 19m | $4.3M | $1.1M | — |
| Short | Injective ADA/USDC PERP | 0.2471 | 0.0033 | get 0.0004% / 1h | 19m 55s | $849 | $202K | 12x |
Variational Omni ADA
Injective ADA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$14
- Price spread: −0.963% → −0.281%
- −$68.26
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$82.28
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 4 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 Variational Omni RFQ quote, 4 min ago | 8.06 bp | doesn't fit | 12.1 bp −$121 | 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 | 0.2495 | −0.014% | $205K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2490 | −0.186% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERPshort | +0.0033% | 1h | 0.2471 | −0.963% | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2493 | −0.082% | $417K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2489 | −0.243% | $1.2M | $999K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2495 | −0.018% | $160K | $161K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2486 | −0.362% | $105.7M | $371.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2486 | −0.362% | $72.5M | $110.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2487 | −0.322% | $33.1M | $107.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2484 | −0.442% | $99.9M | $60.2M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit 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 | 0.2486 | −0.362% | $57.7M | $60.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2485 | −0.394% | $29.9M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2486 | −0.362% | $66.7M | $49.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2486 | −0.362% | — | $20.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2488 | −0.286% | $140K | $432K | 15x | as long as short |
| Variational Omni ADAlong | +0.0100% | 8h | 0.2495 | long leg | $4.3M | $1.1M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2479 | −0.647% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2482 | −0.512% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2482 | −0.523% | $229K | $735K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2491 | −0.146% | $97K | $677K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2490 | −0.202% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2490 | −0.218% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2490 | −0.202% | $8K | $745K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2488 | −0.262% | $342 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2489 | −0.248% | $1.3M | $6.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2487 | −0.322% | $48.4M | $6.5M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0104% | 8h | 0.2496 | +0.039% | $160K | $6.3M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2485 | −0.388% | $539K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0111% | 8h | 0.2494 | −0.061% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0130% | 1h | 0.2489 | −0.246% | $43.3M | $14.4M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2480 | −0.587% | $4K | $90K | 10x | as long as short |
| Lighter ADA | +0.0192% | 1h | 0.2489 | −0.242% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2497 | +0.079% | $4.6M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0258% | 1h | 0.2487 | −0.335% | $6.3M | $12.6M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2491 | −0.165% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0487% / S −0.0279% | 1h | 0.2490 | −0.207% | $109K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0514% | 1h | 0.2489 | −0.238% | $588K | $443K | 50x | as long as short |
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL