ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC−0.0634%/8h= −69.5% APRnext payment −$0.79 per $10,000 · paid last 24h +0.020%

Price spread now: Coinbase International against dYdX+0.098%7-day average −0.015% · you sell dearer than you buy

Net, funding: paid 7d − costs−$179as in the Funding arb table

Net, price: spread back to 7d avg − costs−$169as in the Price arb table

costs, in and out, $10k−$1811.808% of the position

Long on dYdX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days+0.016%+$2 on $10k

Price spread, last 4 days (all we have)+0.179%+$18 · spread now +0.098%, 7d avg −0.015%

Together, before fees+0.195%+$20 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.113% dearer against dYdX than usual: you sell high and buy low (spread +0.098% now, against its 7-day average of −0.015%): +$11 on $10k if it goes back. Holding the pair costs −$19 a day in funding at the current rate, which eats that in about 14 hours.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.016% in total (about 0.8% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.79 per $10,000. 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	dYdX ADA-USD	0.2439	0.0786	pay 0.0098% / 1h	29m 39s	$203K	$4K	10x
Short	Coinbase International ADA-PERP-INTX	0.2441	0.0152	get 0.0019% / 1h	29m 39s	$365K	$8.4M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against dYdX. 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 dYdXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.098%Rate

Funding earned: −$133.22
Price spread: +0.098% → −0.015%: $11.27
Slippage, 4 orders: −$160.77
Fee dYdX: 5 bp × 2 orders: −$10
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$302.71
Costs to cover: 1.808%
Break-even: never at this rate

Slippage from dYdX: live order book, 4 min ago; Coinbase International: live order book, 4 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 dYdX live order book, 4 min ago	60.83 bp	65.8 bp −$66	65.8 bp −$658	65.8 bp −$6,583	81.5 bp −$40.7K
Sell Coinbase International live order book, 4 min ago	4.09 bp	9.1 bp −$9	15.9 bp −$159	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	0.2439	+0.016%	$189K	$7.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2438	−0.010%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.328%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2441	+0.090%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2440	+0.078%	$42.8M	$18.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	+0.040%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2440	+0.045%	$156K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2439	+0.032%	$103.1M	$406.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2438	−0.025%	$72.5M	$127.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2438	−0.025%	$32.5M	$117.6M	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	0.2438	−0.025%	$99.7M	$62.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2439	+0.016%	$58.7M	$68.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2440	+0.053%	$29.3M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2439	+0.016%	$66.2M	$53.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2439	+0.016%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2440	+0.057%	$135K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2441	+0.102%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2444	+0.232%	$65K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.532%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2443	+0.180%	$74K	$895K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2437	−0.046%	$116K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2438	−0.025%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2438	−0.010%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2439	+0.008%	$8K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2441	+0.098%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2439	+0.030%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2439	+0.016%	$47.2M	$7.6M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2440	+0.055%	$20K	—	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2437	−0.051%	$541K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0152%	1h	0.2441	+0.098%	$365K	$8.4M	50x
Phoenix ADA	+0.0163%	1h	0.2451	+0.496%	$2K	$113K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0200%	1h	0.2438	−0.006%	$6.3M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2442	+0.139%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2438	−0.024%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0365%	1h	0.2439	+0.032%	$633K	$737K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0368% / S −0.0295%	1h	0.2439	0.000%	$86K	—	100x	as long as short
dYdX ADA-USDlong	+0.0786%	1h	0.2439	long leg	$203K	$4K	10x