ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0125%/8h= +13.7% APRnext payment +$0.16 per $10,000 · paid last 24h +0.019%

Price spread now: Phoenix against gTrade (Gains Network)−0.048%7-day average — · you buy dearer than you sell

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

Long on gTrade (Gains Network)Short on Phoenix

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—needs both histories

Funding pays, the price is against you. Phoenix is 0.048% cheaper against gTrade (Gains Network) than usual: you would sell low and buy high (spread −0.048% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$5 on $10k: about 30 hours of funding at the current rate (+$4 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	gTrade (Gains Network) ADA/USD	0.2442	L +0.0005% / S −0.0003%	pay 0.0001% / 1h	18m 46s	$84K	—	150x
Short	Phoenix ADA	0.2440	0.0130	get 0.0016% / 1h	18m 46s	$4K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against gTrade (Gains Network). 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 gTrade (Gains Network)bpFee PhoenixbpOrdersPrice spread, now −0.048%Rate

Funding earned: $26.28
Price spread: −0.048% → 0.000%: −$4.75
Slippage, 4 orders: no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders: −$10
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $4.53
Costs to cover: 0.170%
Break-even: 5.8 days

Slippage unknown: gTrade (Gains Network): no order-book sample; Phoenix: 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 gTrade (Gains Network) no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

gTrade (Gains Network) and Phoenix: 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	0.2440	−0.080%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2441	−0.023%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USDlong	L +0.0005% / S −0.0003%	1h	0.2442	long leg	$84K	—	150x
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2442	+0.018%	$415K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2443	+0.063%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2443	+0.047%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2442	+0.016%	$1.2M	$930K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2441	−0.014%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2443	+0.061%	$101.0M	$365.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2442	+0.018%	$71.0M	$103.9M	75x	as long as short

Show 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	+0.059%	$32.3M	$107.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2441	−0.023%	$97.0M	$60.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2441	−0.023%	$52.1M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2442	+0.014%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2442	+0.018%	$65.6M	$43.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2442	+0.018%	—	$21.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	+0.018%	$106K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2438	−0.139%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2435	−0.260%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2436	−0.220%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2436	−0.228%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2442	+0.010%	$92K	$639K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2442	+0.018%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2442	+0.012%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.058%	$9K	$767K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2442	+0.038%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2443	+0.074%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	+0.018%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2441	−0.010%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	+0.019%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2442	+0.026%	$6.1M	$11.7M	50x	as long as short
Phoenix ADAshort	+0.0130%	1h	0.2440	−0.048%	$4K	$78K	10x
BloFin ADA-USDT	+0.0220%	8h	0.2441	−0.023%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.206%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2442	+0.020%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0446%	1h	0.2443	+0.075%	$491K	$431K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2441	−0.014%	$121K	—	100x	as long as short