Settings8H · net · $10k
Funding arb · Price arb /

ADA

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Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.005%
Price spread now: Derive against ApeX Omni−0.220%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 4 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.220% cheaper against ApeX Omni than usual: you would sell low and buy high, −$22 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongApeX Omni ADAUSDT0.24420.0100pay 0.0013% / 1h25m 09s$55K$582K50x
ShortDerive ADA-PERP0.24370.0100get 0.0013% / 1h25m 09s$39K$3K5x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Derive 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

Funding earned
$0
Price spread: −0.220% → 0.000%
−$21.99
Slippage, 4 orders
no order book: not counted
Fee ApeX Omni: 5 bp × 2 orders
−$10
Fee Derive: 3 bp × 2 orders
−$6
Net
−$37.99
Costs to cover
0.160%
Break-even
never at this rate
Slippage unknown: ApeX Omni: live order book, 53 min ago; Derive: 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
LegHalf-spread$10k$100k$1M$5M
Buy ApeX Omni live order book, 53 min ago6.10 bp12.8 bp −$1342.2 bp −$422doesn't fitdoesn't fit
Sell Derive no order-book sample
Derive: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2436−0.263%$200K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2435−0.287%$186K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2435−0.290%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2436−0.246%$402K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2438−0.176%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2436−0.258%$42.2M$14.4M10xas long as short
Aster ADAUSDT+0.0100%8h0.2435−0.267%$1.2M$929K75xas long as short
Pacifica ADA+0.0100%1h0.2436−0.264%$156K$145K10xas long as short
Binance ADAUSDT+0.0100%8h0.2436−0.240%$101.1M$364.3M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2435−0.287%$70.6M$103.5M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2437−0.205%$32.1M$106.4M50xas long as short
Gate ADA_USDT+0.0100%8h0.2435−0.287%$96.6M$59.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2436−0.246%$51.8M$50.9M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2436−0.238%$29.8M$18.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2436−0.246%$65.5M$43.5M75xas long as short
BingX ADA-USDC+0.0100%8h0.2436−0.246%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2436−0.229%$108K$417K15xas long as short
Variational Omni ADA+0.0100%8h0.2437−0.196%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2442+0.001%$65K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2439−0.139%$291K$3.8M10xas long as short
ApeX Omni ADAUSDTlong+0.0100%1h0.2442long leg$55K$582K50x
Polymarket Perps ADA-USD+0.0100%1h0.2434−0.307%$91K$637K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2436−0.246%$6K$33K20xas long as short
Derive ADA-PERPshort+0.0100%1h0.2437−0.220%$39K$3K5x
SunX ADA-USDT+0.0100%8h0.2436−0.247%$9K$765K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2437−0.225%$335$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2435−0.291%$1.3M$5.4M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2437−0.205%$47.6M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2435−0.273%$20K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2436−0.244%$551K$1.8M50xas long as short
Kraken Futures PF_ADAUSD+0.0114%1h0.2437−0.221%$6.1M$11.7M50xas long as short
Phoenix ADA+0.0130%1h0.2440−0.094%$4K$78K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2433−0.369%$4.4M$5.5M75xas long as short
Injective ADA/USDC PERP+0.0254%1h0.2471+1.188%$849$202K12xas long as short
Reya ADARUSDPERP+0.0284%1h0.2435−0.282%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0563% / S −0.0313%1h0.2435−0.271%$121K100xas long as short
Deribit ADA_USDC-PERPETUAL+2.4745%1h0.2497+2.269%$502K$430K50xas long as short