ADA

Alert

Funding spread now, next payment 18:00 UTC−2.4652%/8h

paid, last 24h+0.011%paid, last 7 days+0.018%to open and close $10k−$29

The current rate is far above what this pair has been paying: over the last 7 days it paid 0.018% in total (about 0.9% 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	Deribit ADA_USDC-PERPETUAL	0.2493	2.4752	pay 0.3094% / 1h	31m 37s	$486K	$385K	50x
Short	Binance ADAUSDT	0.2432	0.0100	get 0.0100% / 8h	6h 31m	$101.2M	$341.5M	75x

Funding history

latest

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Funding on every exchange

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latest

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee BinancebpOrdersRate

Funding earned: −$5,176.92
Slippage, 4 orders: −$12.47
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Binance: 5 bp × 2 orders: −$10
Net: −$5,206.39
Break-even: never at this rate

Slippage from Deribit: live order book, 9 min ago; Binance: live order book, 13 min ago.

Price risk

price view

Price gap now: −2.419%
Avg gap 7d: −0.018%

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Deribit live order book, 9 min ago	3.50 bp	7.0 bp −$7	13.2 bp −$132	doesn't fit	doesn't fit
Sell Binance live order book, 13 min ago	2.06 bp	7.1 bp −$7	10.4 bp −$104	23.6 bp −$2,362	78.8 bp −$39.4K

ADA on 36 venues

lowest funding first. Swap a leg.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kalshi KXADAPERP	0.0000%	8h	$139K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	$832	$103K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	$473K	$6.7M	50x	as long as short
dYdX ADA-USD	+0.0084%	1h	$201K	$2K	10x	as long as short
Lighter ADA	+0.0096%	1h	$2.4M	$1.2M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	$42.5M	$13.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	$1.1M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	$156K	$162K	10x	as long as short
Binance ADAUSDTshort	+0.0100%	8h	$101.2M	$341.5M	75x

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	$71.0M	$100.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	$32.2M	$102.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	$94.5M	$54.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	$51.8M	$59.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	$30.0M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	$64.2M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	—	$19.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	$103K	$411K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	$65K	$279K	20x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	$228K	$453K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	$92K	$729K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	$39K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	$334	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	$1.3M	$4.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	$47.5M	$5.7M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	$609K	$1.7M	50x	as long as short
Phoenix ADA	+0.0164%	1h	$4K	$94K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0292%	1h	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	$6.1M	$10.7M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0520% / S −0.0276%	1h	$112K	—	100x	as long as short
Deribit ADA_USDC-PERPETUALlong	+2.4752%	1h	$486K	$385K	50x