Funding you earn now, next payment 01:00 UTC+0.0115%/8h= +12.6% APRnext payment +$0.14 per $10,000 · paid last 24h +0.003%
Price spread now: Phoenix against Coinbase International−0.589%72s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.120%−$12 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
Funding pays, the price is against you. Phoenix is 0.589% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.589% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$59 on $10k: about 17 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.120%, so the current rate has only just turned in your favour. The two prices were read 72 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 | Coinbase International ADA-PERP-INTX | 0.2463 | 0.0048 | pay 0.0006% / 1h | 4m 15s | $403K | $7.4M | 50x |
| Short | Phoenix ADA | 0.2449 | 0.0163 | get 0.0020% / 1h | 4m 15s | $4K | $87K | 10x |
Coinbase International ADA-PERP-INTX
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Coinbase International. 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
- $24.18
- Price spread: −0.589% → 0.000%
- −$58.87
- Slippage, 4 orders
- no order book: not counted
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$51.69
- Costs to cover
- 0.170%
- Break-even
- 22.0 days
Slippage unknown: Coinbase International: live order book, 5 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 Coinbase International live order book, 5 min ago | 4.09 bp | 9.1 bp −$9 | 18.4 bp −$184 | doesn't fit | doesn't fit |
| 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 36 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 | 0.2464 | +0.021% | $203K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2464 | +0.048% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.325% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXlong | +0.0048% | 1h | 0.2463 | long leg | $403K | $7.4M | 50x | |
| Hyperliquid ADA | +0.0100% | 1h | 0.2467 | +0.175% | $43.0M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2465 | +0.100% | $1.2M | $982K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2466 | +0.121% | $158K | $159K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2465 | +0.092% | $103.5M | $369.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2464 | +0.041% | $72.5M | $108.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2464 | +0.041% | $32.8M | $106.7M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2464 | +0.041% | $98.9M | $60.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2466 | +0.122% | $59.3M | $53.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2466 | +0.114% | $30.0M | $17.6M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2463 | 0.000% | $66.0M | $47.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2465 | +0.081% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2460 | −0.122% | $127K | $410K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2459 | −0.160% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2455 | −0.332% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2446 | −0.710% | $296K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2455 | −0.325% | $56K | $590K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2466 | +0.138% | $94K | $670K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2463 | 0.000% | $6K | $16K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2464 | +0.055% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2467 | +0.157% | $8K | $756K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2464 | +0.020% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2464 | +0.041% | $1.3M | $5.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2463 | 0.000% | $47.9M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2462 | −0.023% | $534K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0106% | 8h | 0.2460 | −0.122% | $148K | $6.2M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0108% | 8h | 0.2466 | +0.108% | $21K | $250 | 20x | as long as short |
| Phoenix ADAshort | +0.0163% | 1h | 0.2449 | −0.589% | $4K | $87K | 10x | |
| Lighter ADA | +0.0200% | 1h | 0.2466 | +0.118% | $2.5M | $1.0M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0281% | 1h | 0.2465 | +0.101% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0353% | 1h | 0.2463 | −0.010% | $6.3M | $12.1M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0359% | 1h | 0.2464 | +0.057% | $504K | $470K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0417% / S −0.0202% | 1h | 0.2463 | +0.017% | $96K | — | 100x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
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
Extended ADA-USD
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Lighter ADA
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]