Funding you earn now, next payment 07:00 UTC−0.0378%/8h= −41.3% APRnext payment −$0.47 per $10,000 · paid last 24h −0.031%
Price spread now: Reya against Deribit−0.089%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$11 a day on $10k at the current rate, and Reya is 0.089% cheaper against Deribit than usual: you would sell low and buy high (−$9 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ADA_USDC-PERPETUAL | 0.2440 | 0.0652 | pay 0.0082% / 1h | 29m 31s | $623K | $617K | 50x |
| Short | Reya ADARUSDPERP | 0.2438 | 0.0274 | get 0.0034% / 1h | 29m 31s | $1K | — | 15x |
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Reya 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
- −$79.29
- Price spread: −0.089% → 0.000%
- −$8.92
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$101.21
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 14 min ago; Reya: 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, 14 min ago | 2.66 bp | 6.2 bp −$6 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2438 | −0.090% | $200K | $7.6M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2438 | −0.107% | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.262% | $849 | $202K | 12x | as long as short |
| dYdX ADA-USD | +0.0059% | 1h | 0.2437 | −0.128% | $200K | $2K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2438 | −0.090% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2443 | +0.111% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2442 | +0.053% | $156K | $178K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2442 | +0.074% | $102.7M | $408.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2441 | +0.033% | $72.4M | $124.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2441 | +0.033% | $32.5M | $117.6M | 50x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
dYdX ADA-USD
Orderly PERP_ADA_USDC
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2442 | +0.074% | $99.8M | $64.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2443 | +0.115% | $52.9M | $64.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2442 | +0.094% | $29.5M | $15.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2440 | −0.008% | $66.3M | $53.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2442 | +0.074% | — | $20.3M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2438 | −0.087% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2439 | −0.037% | $65K | $288K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2439 | −0.046% | $291K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | +0.074% | $80K | $891K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2441 | +0.025% | $127K | $1.3M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2436 | −0.160% | $39K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2438 | −0.090% | $8K | $761K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2439 | −0.049% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2437 | −0.132% | $1.3M | $7.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2438 | −0.090% | $47.3M | $7.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2442 | +0.091% | $512K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0106% | 8h | 0.2443 | +0.133% | $20K | $250 | 20x | as long as short |
| Lighter ADA | +0.0112% | 1h | 0.2442 | +0.070% | $2.4M | $1.0M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0120% | 1h | 0.2439 | −0.049% | $381K | $8.5M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0152% | 1h | 0.2440 | +0.012% | $139K | $483K | 15x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2440 | −0.020% | $4K | $111K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0171% | 1h | 0.2439 | −0.032% | $6.3M | $13.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2441 | +0.033% | $4.4M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERPshort | +0.0274% | 1h | 0.2438 | −0.089% | $1K | — | 15x | |
| Hyperliquid ADA | +0.0275% | 1h | 0.2442 | +0.094% | $42.9M | $18.2M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0630% / S −0.0728% | 1h | 0.2438 | −0.087% | $164K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0652% | 1h | 0.2440 | long leg | $623K | $617K | 50x |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Lighter ADA
Coinbase International ADA-PERP-INTX
Backpack ADA_USDC_PERP
Phoenix ADA
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]