Funding you earn now, next payment 07:00 UTC−0.0511%/8h= −56.0% APRpaid last 24h −0.089%
Price spread now: Variational Omni against Deribit−0.226%7-day average −0.042% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.142%−$14 on $10k
+Price spread, last 4 days (all we have)+0.010%+$1 · spread now −0.226%, 7d avg −0.042%
=Together, before fees−0.131%+ Points / potential airdropVariational Omni: Active · farm board−$13 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Variational Omni is 0.184% cheaper against Deribit than usual: you would sell low and buy high (−$18 if the spread goes back to its 7-day average of −0.042%). Swap the legs.
The current funding rate is far above what this pair has been paying: over the last 4 days it paid -0.142% in total (about -14.4% 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 | 0.2441 | 0.0611 | pay 0.0076% / 1h | 30m 58s | $623K | $617K | 50x |
| Short | Variational Omni ADA | 0.2435 | 0.0100 | get 0.0100% / 8h | 1h 30m | $4.1M | $1.1M | — |
Deribit ADA_USDC-PERPETUAL
Variational Omni ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$107.31
- Price spread: −0.226% → −0.042%
- −$18.44
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$132.75
- Costs to cover
- 0.070%
- Break-even
- never at this rate
Slippage unknown: Deribit: live order book, 13 min ago; Variational Omni: RFQ quote, 3 min ago. 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, 13 min ago | 2.66 bp | 6.2 bp −$6 | 12.7 bp −$127 | doesn't fit | doesn't fit |
| Sell Variational Omni RFQ quote, 3 min ago | 8.21 bp | doesn't fit | 12.3 bp −$123 | 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2438 | −0.107% | $200K | $7.6M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2438 | −0.124% | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.246% | $849 | $202K | 12x | as long as short |
| dYdX ADA-USD | +0.0062% | 1h | 0.2437 | −0.143% | $200K | $2K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2439 | −0.066% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2439 | −0.084% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2439 | −0.064% | $156K | $178K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2439 | −0.066% | $102.6M | $409.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2438 | −0.107% | $72.2M | $124.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2439 | −0.066% | $32.4M | $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 | 0.2438 | −0.107% | $99.7M | $64.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2439 | −0.066% | $52.8M | $64.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2438 | −0.094% | $29.4M | $15.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2438 | −0.107% | $66.3M | $53.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2439 | −0.066% | — | $6.5M | — | as long as short |
| Variational Omni ADAshort | +0.0100% | 8h | 0.2435 | −0.226% | $4.1M | $1.1M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2439 | −0.078% | $65K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2439 | −0.066% | $291K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | +0.057% | $80K | $891K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2439 | −0.074% | $128K | $1.3M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2436 | −0.176% | $39K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2441 | +0.017% | $8K | $762K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2439 | −0.086% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2439 | −0.066% | $1.3M | $7.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2438 | −0.107% | $47.3M | $7.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2437 | −0.131% | $512K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0106% | 8h | 0.2439 | −0.046% | $20K | $250 | 20x | as long as short |
| Lighter ADA | +0.0112% | 1h | 0.2440 | −0.008% | $2.4M | $1.0M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0120% | 1h | 0.2439 | −0.066% | $381K | $8.5M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0154% | 1h | 0.2439 | −0.057% | $138K | $483K | 15x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2440 | −0.037% | $4K | $111K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0171% | 1h | 0.2439 | −0.076% | $6.3M | $13.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2441 | +0.016% | $4.4M | $5.8M | 75x | as long as short |
| Hyperliquid ADA | +0.0267% | 1h | 0.2440 | −0.016% | $42.8M | $18.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0274% | 1h | 0.2439 | −0.085% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0611% | 1h | 0.2441 | long leg | $623K | $617K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0630% / S −0.0728% | 1h | 0.2438 | −0.104% | $164K | — | 100x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
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
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]