Funding you earn now, next payment 02:00 UTC−0.0302%/8h= −33.1% APRpaid last 24h −0.004%
Price spread now: SunX against Deribit+0.074%7-day average −0.003% · you sell dearer than you buy
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$58as in the Price arb table
costs, in and out, $10k−$660.658% of the position
Funding, last 7 days+0.080%+$8 on $10k
+Price spread, last 3 days (all we have)−0.113%−$11 · spread now +0.074%, 7d avg −0.003%
=The price spread pays, funding is against you. SunX is 0.077% dearer against Deribit than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.003%): +$8 on $10k if it goes back. Holding the pair costs −$9 a day in funding at the current rate, which eats that in about 20 hours. Mind the row above: over the last 7 days funding on this pair paid +0.080%, so the current rate has only just turned against you.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.080% in total (about 4.2% 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 | 0.2454 | 0.0402 | pay 0.0050% / 1h | 42m 17s | $502K | $473K | 50x |
| Short | SunX ADA-USDT | 0.2456 | 0.0100 | get 0.0100% / 8h | 6h 42m | $9K | $774K | 30x |
Deribit ADA_USDC-PERPETUAL
SunX ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
SunX 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
- −$63.42
- Price spread: +0.074% → −0.003%
- $7.67
- Slippage, 4 orders
- −$50.77
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee SunX: 4 bp × 2 orders
- −$8
- Net
- −$121.51
- Costs to cover
- 0.658%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 26 min ago; SunX: live order book, 69 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, 26 min ago | 2.62 bp | 6.4 bp −$6 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell SunX live order book, 69 min ago | 20.80 bp | 28.0 bp −$28 | doesn't fit | doesn't fit | doesn't fit |
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 | 0.2442 | −0.506% | $201K | $4K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2440 | −0.562% | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.685% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2453 | −0.049% | $406K | $7.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2444 | −0.407% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2445 | −0.395% | $42.6M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2444 | −0.426% | $1.2M | $971K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2443 | −0.444% | $158K | $158K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2442 | −0.497% | $102.0M | $376.1M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2441 | −0.538% | $71.8M | $108.5M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2443 | −0.456% | $32.4M | $108.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2442 | −0.497% | $97.9M | $58.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2442 | −0.497% | $50.2M | $50.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2444 | −0.432% | $29.8M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2441 | −0.538% | $65.2M | $46.6M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2442 | −0.497% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2449 | −0.220% | $126K | $422K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2453 | −0.044% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2458 | +0.160% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.051% | $290K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2460 | +0.236% | $56K | $588K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2442 | −0.481% | $89K | $660K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2441 | −0.538% | $6K | $28K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2443 | −0.462% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDTshort | +0.0100% | 8h | 0.2456 | +0.074% | $9K | $774K | 30x | |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | −0.016% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2455 | +0.029% | $1.3M | $5.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2450 | −0.171% | $47.7M | $6.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2442 | −0.480% | $533K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2444 | −0.396% | $20K | $250 | 20x | as long as short |
| Kalshi KXADAPERP | +0.0109% | 8h | 0.2457 | +0.114% | $195K | $6.2M | 3.2x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2453 | −0.061% | $4K | $87K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2459 | +0.196% | $4.4M | $5.6M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0281% | 1h | 0.2444 | −0.435% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0354% | 1h | 0.2452 | −0.080% | $6.2M | $12.1M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0402% | 1h | 0.2454 | long leg | $502K | $473K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0621% / S −0.0389% | 1h | 0.2440 | −0.568% | $140K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Kalshi KXADAPERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]