Funding you earn now, next payment 05:00 UTC−0.0380%/8h= −41.6% APRpaid last 24h −0.078%
Price spread now: Bitget against Deribit−0.020%7-day average −0.042% · you buy dearer than you sell
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$320.321% of the position
Funding, last 7 days−0.052%−$5 on $10k
+Price spread, last 4 days (all we have)−0.171%−$17 · spread now −0.020%, 7d avg −0.042%
=The price spread pays, funding is against you. Bitget is 0.022% dearer against Deribit than usual: you sell high and buy low (spread −0.020% now, against its 7-day average of −0.042%): +$2 on $10k if it goes back. Holding the pair costs −$11 a day in funding at the current rate, which eats that in about 5 hours. At the pace of the last 7 days (−0.052% in total) that is about 2.9 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.052% in total (about -2.7% 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 | 0.2469 | 0.0480 | pay 0.0060% / 1h | 1m 08s | $607K | $533K | 50x |
| Short | Bitget ADAUSDT | 0.2468 | 0.0100 | get 0.0100% / 8h | 3h 01m | $67.0M | $51.7M | 75x |
Deribit ADA_USDC-PERPETUAL
Bitget ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bitget against Deribit. 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
- −$79.8
- Price spread: −0.020% → −0.042%
- $2.17
- Slippage, 4 orders
- −$13.12
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bitget: 6 bp × 2 orders
- −$12
- Net
- −$109.75
- Costs to cover
- 0.321%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 53 min ago; Bitget: live order book, 3 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 Deribit live order book, 53 min ago | 2.19 bp | 6.1 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bitget live order book, 3 min ago | 4.04 bp | 10.0 bp −$10 | 13.6 bp −$136 | 26.8 bp −$2,683 | 97.8 bp −$48.9K |
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 | 0.2464 | −0.175% | $203K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2466 | −0.101% | $136K | $6.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2466 | −0.086% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2467 | −0.053% | $6.3M | $13.2M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.101% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2465 | −0.142% | $404K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2469 | +0.016% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2467 | −0.042% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2466 | −0.102% | $158K | $170K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2468 | −0.020% | $104.0M | $392.0M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2467 | −0.061% | $73.8M | $116.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2468 | −0.020% | $33.0M | $111.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2465 | −0.142% | $99.8M | $63.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2467 | −0.061% | $59.2M | $62.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2467 | −0.069% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDTshort | +0.0100% | 8h | 0.2468 | −0.020% | $67.0M | $51.7M | 75x | |
| BingX ADA-USDT | +0.0100% | 8h | 0.2467 | −0.061% | — | $19.9M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2474 | +0.226% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2471 | +0.093% | $66K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2473 | +0.191% | $290K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2467 | −0.061% | $227K | $757K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2467 | −0.049% | $93K | $633K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2467 | −0.061% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2468 | −0.029% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2468 | −0.020% | $8K | $747K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2467 | −0.041% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2467 | −0.081% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2467 | −0.061% | $48.1M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2466 | −0.097% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2467 | −0.047% | $536K | $1.8M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0118% | 1h | 0.2468 | −0.016% | $123K | $456K | 15x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2470 | +0.069% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2466 | −0.101% | $4.5M | $5.8M | 75x | as long as short |
| Hyperliquid ADA | +0.0230% | 1h | 0.2469 | +0.012% | $43.9M | $16.3M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2467 | −0.061% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0480% | 1h | 0.2469 | long leg | $607K | $533K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0585% | 1h | 0.2467 | −0.074% | $140K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
BingX ADA-USDT
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
Backpack ADA_USDC_PERP
Phoenix ADA
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]