ADA

Alert

Funding spread now, next payment 15:00 UTC−0.0019%/8h

next payment, per $10,000−$0.02paid, last 24h+0.007%paid, last 4 days+0.002%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ADA_USDC-PERPETUAL	0.2442	0.0119	pay 0.0015% / 1h	0m 06s	$463K	$398K	50x
Short	Derive ADA-PERP	0.2441	0.0100	get 0.0013% / 1h	0m 06s	$40K	$3K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee DerivebpOrdersRate

Funding earned: −$3.99
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$16.99
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 55 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.038%
Avg gap 7d: —

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, 55 min ago	4.75 bp	8.7 bp −$9	17.1 bp −$171	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kraken Futures PF_ADAUSD	−0.0069%	1h	$6.0M	$11.4M	50x	as long as short
dYdX ADA-USD	0.0000%	1h	$202K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	$137K	$5.7M	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	$124K	12x	as long as short
Phoenix ADA	+0.0066%	1h	$4K	$103K	10x	as long as short
Gate ADA_USDT	+0.0076%	8h	$94.1M	$57.9M	75x	as long as short
Lighter ADA	+0.0096%	1h	$2.3M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	$41.7M	$15.7M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	$1.1M	$1.4M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica ADA	+0.0100%	1h	$159K	$174K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	$102.4M	$356.0M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	$70.7M	$110.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	$32.4M	$105.7M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	$51.0M	$62.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	$30.2M	$21.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	$64.1M	$46.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	$105K	$420K	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	$354K	20x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	$228K	$443K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	$94K	$723K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	$6K	$36K	20x	as long as short
Derive ADA-PERPshort	+0.0100%	1h	$40K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	$9K	$788K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	$47.8M	$5.8M	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	$635K	$1.6M	50x	as long as short
Deribit ADA_USDC-PERPETUALlong	+0.0119%	1h	$463K	$398K	50x
Coinbase International ADA-PERP-INTX	+0.0136%	1h	$421K	$6.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	$4.4M	$6.2M	75x	as long as short
Reya ADARUSDPERP	+0.0295%	1h	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0543% / S −0.0293%	1h	$117K	—	100x	as long as short