ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0179%/8h= +19.6% APRnext payment +$0.22 per $10,000 · paid last 24h +0.059%

Price spread now: Reya against Derive−0.090%7-day average — · you buy dearer than you sell

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

Long on Derive Short on Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.090% cheaper against Derive than usual: you would sell low and buy high (spread −0.090% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 40 hours of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ADA-PERP	0.2459	0.0100	pay 0.0013% / 1h	7m 05s	$40K	$2K	5x
Short	Reya ADARUSDPERP	0.2457	0.0279	get 0.0035% / 1h	7m 05s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya against Derive. 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 DerivebpFee ReyabpOrdersPrice spread, now −0.090%Rate

Funding earned: $37.65
Price spread: −0.090% → 0.000%: −$8.99
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Reya: 3 bp × 2 orders: −$6
Net: $16.66
Costs to cover: 0.120%
Break-even: 3.9 days

Slippage unknown: Derive: no order-book sample; 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 Derive no order-book sample	—	—	—	—	—
Sell Reya no order-book sample	—	—	—	—	—

Derive and 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
dYdX ADA-USD	0.0000%	1h	0.2460	+0.039%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	+0.074%	$145K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	−0.073%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.481%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2461	+0.074%	$405K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2457	−0.078%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.088%	$160K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	−0.057%	$103.9M	$372.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	−0.088%	$71.8M	$110.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	−0.169%	$32.7M	$106.1M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.169%	$98.6M	$61.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	−0.210%	$61.6M	$61.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	−0.182%	$29.6M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	−0.169%	$65.9M	$50.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2455	−0.169%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2456	−0.125%	$125K	$445K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	+0.319%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	+0.278%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2465	+0.240%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.156%	$227K	$738K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2457	−0.104%	$93K	$680K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	−0.048%	$6K	$6K	20x	as long as short
Derive ADA-PERPlong	+0.0100%	1h	0.2459	long leg	$40K	$2K	5x
SunX ADA-USDT	+0.0100%	8h	0.2458	−0.047%	$8K	$743K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	−0.072%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2459	−0.012%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	−0.007%	$47.9M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2457	−0.095%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2462	+0.119%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0123%	1h	0.2456	−0.129%	$42.7M	$14.8M	10x	as long as short
Lighter ADA	+0.0128%	1h	0.2459	−0.011%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2465	+0.217%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2458	−0.048%	$4.5M	$5.7M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2456	−0.118%	$6.2M	$12.7M	50x	as long as short
Reya ADARUSDPERPshort	+0.0279%	1h	0.2457	−0.090%	$1K	—	15x
Deribit ADA_USDC-PERPETUAL	+0.0483%	1h	0.2459	−0.007%	$590K	$452K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0484% / S −0.0279%	1h	0.2458	−0.062%	$107K	—	100x	as long as short