ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0116%/8h= −12.7% APRnext payment −$0.14 per $10,000 · paid last 24h −0.010%

Price spread now: Phoenix against Deribit+0.167%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Deribit Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.217%−$22 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.167% dearer against Deribit than usual: you sell high and buy low (spread +0.167% now, against zero (this spread has no 7-day history yet)): +$17 on $10k if it goes back. Holding the pair costs −$3 a day in funding at the current rate, which eats that in about 4.8 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ADA_USDC-PERPETUAL	0.2457	0.0279	pay 0.0035% / 1h	0m 35s	$502K	$470K	50x
Short	Phoenix ADA	0.2461	0.0163	get 0.0020% / 1h	0m 35s	$4K	$87K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against Deribit. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee DeribitbpFee PhoenixbpOrdersPrice spread, now +0.167%Rate

Funding earned: −$24.33
Price spread: +0.167% → 0.000%: $16.68
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$21.65
Costs to cover: 0.140%
Break-even: from the start

Slippage unknown: Deribit: live order book, 3 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 Deribit live order book, 3 min ago	1.63 bp	5.1 bp −$5	12.5 bp −$125	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	0.2455	−0.100%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	−0.076%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.558%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2457	−0.012%	$410K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.033%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2456	−0.034%	$1.2M	$983K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	−0.020%	$158K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	−0.052%	$103.1M	$367.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2456	−0.053%	$72.4M	$107.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	−0.053%	$32.7M	$106.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.134%	$98.5M	$60.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	−0.012%	$57.4M	$54.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	−0.053%	$29.9M	$17.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	−0.053%	$65.8M	$47.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2456	−0.053%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2457	−0.024%	$132K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.050%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.192%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.168%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.232%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	−0.094%	$94K	$671K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	−0.053%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2458	+0.014%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.026%	$9K	$750K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.008%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	−0.108%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2457	−0.012%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2455	−0.076%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2456	−0.053%	$139K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2457	−0.023%	$21K	$250	20x	as long as short
Phoenix ADAshort	+0.0163%	1h	0.2461	+0.167%	$4K	$87K	10x
Lighter ADA	+0.0200%	1h	0.2459	+0.053%	$2.4M	$1.0M	10x	as long as short
Deribit ADA_USDC-PERPETUALlong	+0.0279%	1h	0.2457	long leg	$502K	$470K	50x
Reya ADARUSDPERP	+0.0281%	1h	0.2455	−0.093%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2456	−0.042%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2456	−0.054%	$95K	—	100x	as long as short