Funding you earn now, next payment 09:00 UTC+0.0092%/8h= +10.1% APRnext payment +$0.12 per $10,000 · paid last 24h +0.009%
Price spread now: Phoenix against ApeX Omni+0.169%7-day average +0.040% · you sell dearer than you buy
Net, funding: paid 7d − costs−$83as in the Funding arb table
Net, price: spread back to 7d avg − costs−$45as in the Price arb table
costs, in and out, $10k−$580.584% of the position
Funding, last 7 days−0.243%−$24 on $10k
+Price spread, last 4 days (all we have)−0.096%−$10 · spread now +0.169%, 7d avg +0.040%
=Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.130% dearer against ApeX Omni than usual: you sell high and buy low: +$13 more if the spread goes back to its 7-day average of +0.040%. Mind the row above: over the last 7 days funding on this pair cost −0.243%, so the current rate has only just turned in your favour.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ADAUSDT | 0.2478 | 0.0100 | pay 0.0013% / 1h | 55m 31s | $71K | $896K | 50x |
| Short | Phoenix ADA | 0.2482 | 0.0192 | get 0.0024% / 1h | 55m 31s | $3K | $103K | 10x |
ApeX Omni ADAUSDT
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix 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
- $19.35
- Price spread: +0.169% → +0.040%
- $12.98
- Slippage, 4 orders
- −$41.42
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$26.09
- Costs to cover
- 0.584%
- Break-even
- 16.4 days
Slippage from ApeX Omni: live order book, 56 min ago; Phoenix: live order book, 48 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, 56 min ago | 6.05 bp | 15.1 bp −$15 | 48.1 bp −$481 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 48 min ago | 0.81 bp | 13.0 bp −$13 | 44.7 bp −$447 | doesn't fit | doesn't fit |
ADA on 36 exchanges
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 | 0.2474 | −0.165% | $207K | $5K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2473 | −0.202% | $233K | $7.7M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2474 | −0.155% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0031% | 1h | 0.2472 | −0.246% | $6.3M | $13.2M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.282% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2474 | −0.169% | $2.4M | $934K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2473 | −0.202% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2473 | −0.195% | $158K | $151K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2473 | −0.183% | $106.1M | $381.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2472 | −0.242% | $74.4M | $121.5M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2474 | −0.161% | $32.7M | $108.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2472 | −0.242% | $101.8M | $59.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2472 | −0.242% | $49.7M | $67.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2473 | −0.218% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2473 | −0.202% | $67.6M | $50.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2473 | −0.202% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2473 | −0.214% | $140K | $451K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2472 | −0.247% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2475 | −0.140% | $66K | $289K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2478 | +0.007% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDTlong | +0.0100% | 1h | 0.2478 | long leg | $71K | $896K | 50x | |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2471 | −0.287% | $118K | $1.3M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2471 | −0.282% | $6K | $4K | 20x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.203% | $8K | $674K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2472 | −0.222% | $340 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.220% | $1.3M | $6.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2473 | −0.202% | $47.7M | $7.5M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2473 | −0.203% | $20K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2473 | −0.215% | $545K | $1.7M | 50x | as long as short |
| Hyperliquid ADA | +0.0115% | 1h | 0.2475 | −0.129% | $44.1M | $17.6M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0176% | 1h | 0.2473 | −0.202% | $404K | $8.0M | 50x | as long as short |
| Phoenix ADAshort | +0.0192% | 1h | 0.2482 | +0.169% | $3K | $103K | 10x | |
| Deribit ADA_USDC-PERPETUAL | +0.0195% | 1h | 0.2472 | −0.234% | $615K | $791K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2474 | −0.161% | $4.6M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0270% | 1h | 0.2471 | −0.270% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0369% / S −0.0295% | 1h | 0.2472 | −0.257% | $88K | — | 100x | 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
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]