Funding you earn now, next payment 03:00 UTC+0.0095%/8h= +10.4% APRpaid last 24h −0.002%
Price spread now: Phoenix against Binance+0.057%95s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.201%−$20 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Phoenix is 0.057% dearer against Binance than usual: you sell high and buy low: +$6 more if the spread goes back to zero (this spread has no 7-day history yet). Mind the row above: over the last 7 days funding on this pair cost −0.201%, so the current rate has only just turned in your favour. The two prices were read 95 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 | Binance ADAUSDT | 0.2453 | 0.0100 | pay 0.0100% / 8h | 4h 41m | $103.7M | $373.0M | 75x |
| Short | Phoenix ADA | 0.2454 | 0.0195 | get 0.0024% / 1h | 41m 53s | $4K | $100K | 10x |
Binance ADAUSDT
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Binance. 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
- $20.02
- Price spread: +0.057% → 0.000%
- $5.71
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $8.73
- Costs to cover
- 0.170%
- Break-even
- 3.9 days
Slippage unknown: Binance: live order book, 2 min ago; Phoenix: 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 Binance live order book, 2 min ago | 2.04 bp | 7.9 bp −$8 | 12.2 bp −$122 | 28.4 bp −$2,839 | 97.3 bp −$48.7K |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 | 0.2450 | −0.124% | $202K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2450 | −0.122% | $160K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2449 | −0.148% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.734% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2453 | 0.000% | $432K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0092% | 1h | 0.2450 | −0.136% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2452 | −0.037% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2451 | −0.067% | $1.2M | $983K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2451 | −0.077% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDTlong | +0.0100% | 8h | 0.2453 | long leg | $103.7M | $373.0M | 75x |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2453 | 0.000% | $71.6M | $111.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2454 | +0.041% | $32.7M | $105.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2452 | −0.041% | $97.9M | $59.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2453 | 0.000% | $61.2M | $60.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2453 | −0.008% | $29.6M | $15.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2453 | 0.000% | $65.9M | $50.2M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2452 | −0.041% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2452 | −0.045% | $124K | $444K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2446 | −0.283% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2446 | −0.295% | $65K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2448 | −0.204% | $289K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2447 | −0.245% | $226K | $743K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2451 | −0.098% | $94K | $687K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2450 | −0.122% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2451 | −0.101% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2451 | −0.081% | $8K | $740K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2450 | −0.102% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2451 | −0.096% | $1.3M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2450 | −0.122% | $47.7M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | −0.006% | $531K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0107% | 8h | 0.2452 | −0.061% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0129% | 1h | 0.2454 | +0.024% | $42.6M | $14.9M | 10x | as long as short |
| Phoenix ADAshort | +0.0195% | 1h | 0.2454 | +0.057% | $4K | $100K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2450 | −0.122% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2450 | −0.103% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0485% | 1h | 0.2452 | −0.061% | $593K | $494K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0592% / S −0.0547% | 1h | 0.2449 | −0.150% | $132K | — | 100x | as long as short |
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
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]