Funding you earn now, next payment 06:00 UTC+0.0469%/8h= +51.4% APRpaid last 24h +0.081%
Price spread now: Deribit against Bitget+0.135%48s7-day average +0.039% · you sell dearer than you buy
Net, funding: paid 7d − costs−$32as 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−$370.374% of the position
Funding, last 7 days+0.055%+$6 on $10k
+Price spread, last 4 days (all we have)−0.001%$0 · spread now +0.135%, 7d avg +0.039%
=Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and Deribit is 0.096% dearer against Bitget than usual: you sell high and buy low: +$10 more if the spread goes back to its 7-day average of +0.039%. The two prices were read 48 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 0.055% in total (about 2.9% a year). A funding rate is set anew for every payment. 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 | Bitget ADAUSDT | 0.2440 | 0.0100 | pay 0.0100% / 8h | 2h 14m | $66.3M | $53.2M | 75x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2443 | 0.0569 | get 0.0071% / 1h | 14m 28s | $608K | $597K | 50x |
Bitget ADAUSDT
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Bitget. 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
- $98.49
- Price spread: +0.135% → +0.039%
- $9.61
- Slippage, 4 orders
- −$18.4
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $70.7
- Costs to cover
- 0.374%
- Break-even
- 2.0 days
Slippage from Bitget: live order book, 5 min ago; Deribit: live order book, 34 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 Bitget live order book, 5 min ago | 2.05 bp | 11.9 bp −$12 | 15.1 bp −$151 | 24.9 bp −$2,487 | 104.1 bp −$52.1K |
| Sell Deribit live order book, 34 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2443 | +0.123% | $186K | $7.5M | 3.2x | as long as short |
| dYdX ADA-USD | +0.0002% | 1h | 0.2443 | +0.138% | $201K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2441 | +0.057% | $83K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0020% | 1h | 0.2442 | +0.090% | $6.3M | $13.7M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2441 | +0.057% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.270% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2446 | +0.242% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2442 | +0.078% | $42.7M | $18.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2444 | +0.164% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2445 | +0.212% | $157K | $176K | 10x | as long as short |
Kalshi KXADAPERP
dYdX ADA-USD
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 | 0.2445 | +0.197% | $102.9M | $408.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2441 | +0.041% | $71.7M | $123.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2442 | +0.082% | $32.4M | $117.6M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2443 | +0.123% | $99.1M | $65.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2445 | +0.205% | $52.5M | $65.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2445 | +0.213% | $29.3M | $15.8M | 75x | as long as short |
| Bitget ADAUSDTlong | +0.0100% | 8h | 0.2440 | long leg | $66.3M | $53.2M | 75x | |
| BingX ADA-USDT | +0.0100% | 8h | 0.2444 | +0.164% | — | $20.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2444 | +0.164% | $127K | $477K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2440 | +0.004% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2439 | −0.022% | $65K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2438 | −0.082% | $286K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2441 | +0.041% | $84K | $888K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2441 | +0.025% | $119K | $1.0M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2441 | +0.041% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2442 | +0.098% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2444 | +0.162% | $8K | $764K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2442 | +0.102% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2443 | +0.109% | $1.3M | $6.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2442 | +0.082% | $47.4M | $7.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2446 | +0.235% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | +0.219% | $521K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2442 | +0.082% | $378K | $8.5M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2445 | +0.205% | $4.4M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0275% | 1h | 0.2440 | +0.001% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0569% | 1h | 0.2443 | +0.135% | $608K | $597K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0630% / S −0.0728% | 1h | 0.2441 | +0.035% | $164K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
BingX ADA-USDT
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
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]