Funding you earn now, next payment 06:00 UTC+0.0229%/8h= +25.1% APRnext payment +$0.29 per $10,000 · paid last 24h +0.081%
Price spread now: Deribit against ApeX Omni−0.120%74s7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$40as 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−$420.421% of the position
Funding, last 7 days+0.017%+$2 on $10k
+Price spread, last 4 days (all we have)+0.398%+$40 · spread now −0.120%, 7d avg +0.025%
=Funding pays, the price is against you. Deribit is 0.144% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.120% now, against its 7-day average of +0.025%). If the spread goes back, that is −$14 on $10k: about 2.1 days of funding at the current rate (+$7 a day). At the pace of the last 7 days (+0.017% in total) that is about 2 months. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.017% in total (about 0.9% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.29 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| 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 | 28m 22s | $150K | $820K | 50x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2419 | 0.0329 | get 0.0041% / 1h | 28m 22s | $596K | $552K | 50x |
ApeX Omni ADAUSDT
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit 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 itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $48.09
- Price spread: −0.120% → +0.025%
- −$14.45
- Slippage, 4 orders
- −$25.08
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$8.44
- Costs to cover
- 0.421%
- Break-even
- 8.2 days
Slippage from ApeX Omni: live order book, 20 min ago; Deribit: live order book, 20 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, 20 min ago | 4.04 bp | 11.8 bp −$12 | 34.9 bp −$349 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 20 min ago | 4.85 bp | 8.6 bp −$9 | 14.1 bp −$141 | 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 | 0.2423 | +0.041% | $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 | 0.2419 | −0.120% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2419 | −0.131% | $41.7M | $17.2M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2418 | −0.165% | $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 |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2418 | −0.165% | $101.2M | $404.5M | 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 | 0.2417 | −0.206% | $53.3M | $64.6M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2417 | −0.194% | $28.9M | $15.7M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2418 | −0.165% | $65.8M | $52.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2418 | −0.165% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2422 | −0.017% | $112K | $469K | 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 | 0.2417 | −0.193% | $526K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2423 | +0.041% | $381K | $8.3M | 50x | as long as short |
| 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-PERPETUALshort | +0.0329% | 1h | 0.2419 | −0.120% | $596K | $552K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0640% / S −0.0618% | 1h | 0.2417 | −0.218% | $143K | — | 100x | as long as short |
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
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
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
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]