Funding you earn now, next payment 09:00 UTC−0.0339%/8h= −37.2% APRnext payment −$0.42 per $10,000 · paid last 24h +0.124%
Price spread now: Deribit against dYdX+0.090%7-day average +0.043% · you sell dearer than you buy
Net, funding: paid 7d − costs−$154as in the Funding arb table
Net, price: spread back to 7d avg − costs−$170as in the Price arb table
costs, in and out, $10k−$1741.744% of the position
Funding, last 7 days+0.200%+$20 on $10k
+Price spread, last 4 days (all we have)+0.309%+$31 · spread now +0.090%, 7d avg +0.043%
=The price spread pays, funding is against you. Deribit is 0.047% dearer against dYdX than usual: you sell high and buy low (spread +0.090% now, against its 7-day average of +0.043%): +$5 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 11 hours. Mind the row above: over the last 7 days funding on this pair paid +0.200%, 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 0.200% in total (about 10.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.42 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 07s | $203K | $4K | 10x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2441 | 0.0447 | get 0.0056% / 1h | 29m 07s | $633K | $737K | 50x |
dYdX ADA-USD
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against dYdX. 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
- −$71.27
- Price spread: +0.090% → +0.043%
- $4.69
- Slippage, 4 orders
- −$157.44
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$241.01
- Costs to cover
- 1.744%
- Break-even
- never at this rate
Slippage from dYdX: live order book, 5 min ago; Deribit: live order book, 5 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, 5 min ago | 60.83 bp | 65.8 bp −$66 | 65.8 bp −$658 | 65.8 bp −$6,583 | 81.5 bp −$40.7K |
| Sell Deribit live order book, 5 min ago | 3.27 bp | 7.2 bp −$7 | 13.3 bp −$133 | 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 | 0.2440 | +0.057% | $189K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2438 | −0.008% | $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 | 0.2440 | +0.078% | $2.4M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2440 | +0.073% | $42.8M | $18.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2439 | +0.003% | $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 | 0.2440 | +0.054% | $103.1M | $406.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2439 | +0.016% | $72.5M | $127.1M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2440 | +0.057% | $32.5M | $117.7M | 50x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
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 | −0.025% | $99.7M | $62.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2440 | +0.057% | $58.7M | $68.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2439 | −0.005% | $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-USDC | +0.0100% | 8h | 0.2439 | +0.016% | — | $6.6M | — | 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 | 0.2442 | +0.126% | $65K | $289K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2442 | +0.144% | $289K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | +0.139% | $74K | $895K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2439 | −0.005% | $116K | $1.4M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2439 | +0.016% | $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 | 0.2440 | +0.037% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2440 | +0.071% | $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 | 0.2438 | −0.010% | $541K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2441 | +0.098% | $365K | $8.4M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2451 | +0.496% | $2K | $113K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0200% | 1h | 0.2439 | +0.036% | $6.3M | $14.0M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2442 | +0.139% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0272% | 1h | 0.2438 | −0.024% | $1K | — | 15x | 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 |
| Deribit ADA_USDC-PERPETUALshort | +0.0447% | 1h | 0.2441 | +0.090% | $633K | $737K | 50x | |
| dYdX ADA-USDlong | +0.0786% | 1h | 0.2439 | long leg | $203K | $4K | 10x |
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
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
Phoenix ADA
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]