Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Phemex against Variational Omni−0.468%7-day average +0.018% · 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)0.000%$0 on $10k
+Price spread, last 3 days (all we have)+0.824%+$82 · spread now −0.468%, 7d avg +0.018%
=Together, before fees+0.824%+ Points / potential airdropVariational Omni: Active · farm board+$82 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Phemex is 0.486% cheaper against Variational Omni than usual: you would sell low and buy high, −$49 on $10k if it goes back to its 7-day average of +0.018%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ADA | 0.2465 | 0.0100 | pay 0.0100% / 8h | 2h 56m | $4.2M | $1.0M | — |
| Short | Phemex ADAUSDT | 0.2453 | 0.0100 | get 0.0100% / 8h | 2h 56m | $47.9M | $5.8M | 50x |
Variational Omni ADA
Phemex ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex 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
- $0
- Price spread: −0.468% → +0.018%
- −$48.58
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$60.58
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Phemex: 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 | 6.09 bp | doesn't fit | 10.1 bp −$101 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 2 min ago | 2.03 bp | 11.8 bp −$12 | 16.8 bp −$168 | 49.7 bp −$4,971 | 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 | 0.2453 | −0.471% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2454 | −0.428% | $153K | $5.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2453 | −0.477% | $87K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2449 | −0.630% | $405K | $7.1M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2455 | −0.375% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2455 | −0.391% | $42.5M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2453 | −0.457% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2453 | −0.460% | $157K | $148K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2456 | −0.346% | $102.2M | $357.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2454 | −0.428% | $71.1M | $100.8M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid 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 | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2455 | −0.387% | $32.3M | $105.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2453 | −0.468% | $97.4M | $56.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2455 | −0.387% | $53.0M | $56.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2455 | −0.383% | $30.7M | $18.5M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2455 | −0.387% | $65.6M | $42.8M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2454 | −0.428% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2454 | −0.436% | $102K | $425K | 15x | as long as short |
| Variational Omni ADAlong | +0.0100% | 8h | 0.2465 | long leg | $4.2M | $1.0M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2465 | +0.022% | $66K | $278K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2463 | −0.046% | $297K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2464 | −0.022% | $55K | $578K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | −0.423% | $96K | $700K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2453 | −0.468% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | −0.415% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.430% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2453 | −0.480% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2453 | −0.477% | $1.3M | $4.9M | 75x | as long as short |
| Phemex ADAUSDTshort | +0.0100% | 8h | 0.2453 | −0.468% | $47.9M | $5.8M | 50x | |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2453 | −0.469% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2456 | −0.357% | $565K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2454 | −0.448% | $4K | $82K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0198% | 1h | 0.2454 | −0.423% | $477K | $359K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2455 | −0.387% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0287% | 1h | 0.2454 | −0.430% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0336% | 1h | 0.2453 | −0.452% | $6.1M | $11.6M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0521% / S −0.0277% | 1h | 0.2452 | −0.499% | $113K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2457 | −0.306% | $844 | $95K | 12x | as long as short |
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
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP