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Funding arb /

ADA

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Funding spread now, next payment 14:00 UTC−0.0034%/8h
paid, last 24h−0.026%paid, last 5 days−0.133%to open and close $10k−$44
Long on BybitShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ADAUSDT0.24530.0100pay 0.0100% / 8h55m 52s$71.1M$110.1M75x
ShortPhoenix ADA0.24500.0066get 0.0008% / 1h55m 52s$4K$103K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
−$7.23
Slippage, 4 orders
−$25.89
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$51.12
Break-even
never at this rate
Slippage from Bybit: live order book, 5 min ago; Phoenix: live order book, 47 min ago.

Price risk

price view
Price gap now
−0.143%
Avg gap 7d
+0.057%
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago2.05 bp8.3 bp −$813.0 bp −$13034.5 bp −$3,449210.7 bp −$105.4K
Sell Phoenix live order book, 47 min ago0.83 bp13.2 bp −$1344.9 bp −$449doesn't fitdoesn't fit

ADA on 36 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
dYdX ADA-USD0.0000%1h$202K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h$133K$5.7M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h$84K—150xas long as short
Phoenix ADAshort+0.0066%1h$4K$103K10x
Gate ADA_USDT+0.0080%8h$94.7M$56.9M75xas long as short
Lighter ADA+0.0096%1h$2.3M$1.0M10xas long as short
Hyperliquid ADA+0.0100%1h$42.0M$15.7M10xas long as short
Aster ADAUSDT+0.0100%8h$1.1M$1.4M75xas long as short
Pacifica ADA+0.0100%1h$159K$176K10xas long as short
Binance ADAUSDT+0.0100%8h$103.2M$357.2M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ADAUSDTlong+0.0100%8h$71.1M$110.1M75x
OKX ADA-USDT-SWAP+0.0100%8h$32.6M$106.5M50xas long as short
MEXC ADA_USDT+0.0100%8h$51.8M$61.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h$30.4M$21.0M75xas long as short
Bitget ADAUSDT+0.0100%8h$64.5M$46.7M75xas long as short
BingX ADA-USDT+0.0100%8h—$18.3M—as long as short
Backpack ADA_USDC_PERP+0.0100%1h$103K$421K15xas long as short
Variational Omni ADA+0.0100%8h$4.2M$1.0M—as long as short
edgeX ADAUSDC+0.0100%4h$65K$275K20xas long as short
ApeX Omni ADAUSDT+0.0100%1h$228K$443K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h$94K$724K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h$9K$788K30xas long as short
SoDEX ADA-USD+0.0100%1h$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h$1.3M$4.9M75xas long as short
Phemex ADAUSDT+0.0100%8h$48.1M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h$21K$25020xas long as short
Extended ADA-USD+0.0104%1h$635K$1.6M50xas long as short
Coinbase International ADA-PERP-INTX+0.0120%1h$434K$6.9M50xas long as short
BloFin ADA-USDT+0.0220%8h$4.5M$6.2M75xas long as short
Kraken Futures PF_ADAUSD+0.0222%1h$6.0M$11.4M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0239%1h$468K$399K50xas long as short
Reya ADARUSDPERP+0.0295%1h$1K—15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0544% / S −0.0293%1h$117K—100xas long as short
Injective ADA/USDC PERP+0.0558%1h$832$124K12xas long as short