ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0030%/8h= −3.3% APRnext payment −$0.04 per $10,000 · paid last 24h +0.058%

Price spread now: Reya against Backpack+0.106%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Backpack Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

The price spread pays, funding is against you. Reya is 0.106% dearer against Backpack than usual: you sell high and buy low (spread +0.106% now, against zero (this spread has no 7-day history yet)): +$11 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 12 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Backpack ADA_USDC_PERP	0.2501	0.0308	pay 0.0038% / 1h	28m 42s	$139K	$461K	15x
Short	Reya ADARUSDPERP	0.2504	0.0277	get 0.0035% / 1h	28m 42s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Backpack. 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 BackpackbpFee ReyabpOrdersPrice spread, now +0.106%Rate

Funding earned: −$6.39
Price spread: +0.106% → 0.000%: $10.56
Slippage, 4 orders: no order book: not counted
Fee Backpack: 5 bp × 2 orders: −$10
Fee Reya: 3 bp × 2 orders: −$6
Net: −$11.83
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Backpack: live order book, 25 min ago; Reya: 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Backpack live order book, 25 min ago	2.19 bp	7.2 bp −$7	8.3 bp −$83	doesn't fit	doesn't fit
Sell Reya no order-book sample	—	—	—	—	—

Reya: 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.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	0.2500	−0.072%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2504	+0.108%	$152K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2502	+0.039%	$86K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2503	+0.057%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.211%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2508	+0.268%	$388K	$8.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2501	−0.008%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2500	−0.052%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2500	−0.059%	$161K	$169K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2499	−0.075%	$106.6M	$383.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2496	−0.212%	$75.4M	$113.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2497	−0.172%	$33.5M	$110.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2497	−0.172%	$102.2M	$61.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2498	−0.132%	$60.1M	$62.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2500	−0.064%	$30.1M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2497	−0.172%	$67.9M	$51.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2497	−0.172%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2504	+0.110%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2504	+0.094%	$67K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2504	+0.121%	$303K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2505	+0.148%	$231K	$753K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2503	+0.080%	$96K	$618K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2502	+0.028%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2503	+0.050%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2507	+0.226%	$9K	$737K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2502	+0.048%	$344	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2505	+0.138%	$1.4M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2502	+0.028%	$48.8M	$6.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2497	−0.153%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2496	−0.201%	$542K	$1.8M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2510	+0.328%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2502	+0.028%	$4.7M	$5.9M	75x	as long as short
Reya ADARUSDPERPshort	+0.0277%	1h	0.2504	+0.106%	$1K	—	15x
Backpack ADA_USDC_PERPlong	+0.0308%	1h	0.2501	long leg	$139K	$461K	15x
Deribit ADA_USDC-PERPETUAL	+0.0350%	1h	0.2503	+0.072%	$615K	$533K	50x	as long as short
Hyperliquid ADA	+0.0464%	1h	0.2502	+0.024%	$44.8M	$16.0M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0617% / S −0.0569%	1h	0.2502	+0.021%	$139K	—	100x	as long as short