ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%

Price spread now: Coinbase International against ApeX Omni+0.041%75s7-day average −0.032% · you sell dearer than you buy

Net, funding: paid 7d − costs−$66as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$510.507% of the position

Long on ApeX Omni Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.157%−$16 on $10k

Price spread, last 4 days (all we have)+0.149%+$15 · spread now +0.041%, 7d avg −0.032%

Together, before fees−0.008%−$1 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: Coinbase International is 0.073% dearer against ApeX Omni than usual: you sell high and buy low, +$7 on $10k if it goes back to its 7-day average of −0.032%. The two prices were read 75 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	ApeX Omni ADAUSDT	0.2422	0.0100	pay 0.0013% / 1h	27m 58s	$150K	$820K	50x
Short	Coinbase International ADA-PERP-INTX	0.2423	0.0104	get 0.0013% / 1h	27m 58s	$381K	$8.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee Coinbase InternationalbpOrdersPrice spread, now +0.041%Rate

Funding earned: $0.84
Price spread: +0.041% → −0.032%: $7.33
Slippage, 4 orders: −$30.72
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$42.55
Costs to cover: 0.507%
Break-even: 361.6 days

Slippage from ApeX Omni: live order book, 21 min ago; Coinbase International: live order book, 1 min ago.

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 ApeX Omni live order book, 21 min ago	4.04 bp	11.8 bp −$12	34.9 bp −$349	doesn't fit	doesn't fit
Sell Coinbase International live order book, 1 min ago	4.13 bp	14.4 bp −$14	20.1 bp −$201	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	0.2418	−0.181%	$199K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2419	−0.124%	$163K	$7.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2417	−0.192%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2418	−0.166%	$6.2M	$13.6M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2425	+0.120%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+2.023%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2420	−0.062%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2419	−0.116%	$41.7M	$17.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2419	−0.137%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2418	−0.149%	$155K	$176K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2411	−0.447%	$100.9M	$405.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2417	−0.206%	$71.1M	$121.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2418	−0.165%	$32.4M	$114.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2417	−0.206%	$98.1M	$64.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2410	−0.495%	$52.9M	$64.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2410	−0.475%	$28.9M	$15.7M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2414	−0.330%	$65.7M	$52.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2410	−0.495%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2419	−0.116%	$112K	$470K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2416	−0.243%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2424	+0.100%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2420	−0.076%	$284K	$4.0M	10x	as long as short
ApeX Omni ADAUSDTlong	+0.0100%	1h	0.2422	long leg	$150K	$820K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2417	−0.223%	$125K	$887K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2417	−0.206%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2418	−0.148%	$39K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2420	−0.085%	$8K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2418	−0.165%	$333	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2420	−0.102%	$1.3M	$6.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2418	−0.165%	$47.1M	$7.1M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2419	−0.138%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2415	−0.296%	$526K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0104%	1h	0.2423	+0.041%	$381K	$8.3M	50x
BloFin ADA-USDT	+0.0220%	8h	0.2423	+0.041%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2418	−0.184%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0329%	1h	0.2419	−0.120%	$596K	$552K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0640% / S −0.0618%	1h	0.2417	−0.218%	$143K	—	100x	as long as short