Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.003%
Price spread now: Injective against Gate+0.243%7-day average −0.246% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.036%−$4 on $10k
+Price spread, last 4 days (all we have)−0.970%−$97 · spread now +0.243%, 7d avg −0.246%
=The price spread pays, funding is against you. Injective is 0.490% dearer against Gate than usual: you sell high and buy low (spread +0.243% now, against its 7-day average of −0.246%): +$49 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 24 days. At the pace of the last 7 days (−0.036% in total) that is about 3 months.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ADA_USDT | 0.2465 | 0.0100 | pay 0.0100% / 8h | 3h 01m | $99.8M | $63.3M | 75x |
| Short | Injective ADA/USDC PERP | 0.2471 | 0.0033 | get 0.0004% / 1h | 1m 14s | $849 | $202K | 12x |
Gate ADA_USDT
Injective ADA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Gate. 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
- −$14
- Price spread: +0.243% → −0.246%
- $48.95
- Slippage, 4 orders
- no order book: not counted
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $19.93
- Costs to cover
- 0.150%
- Break-even
- from the start
Slippage unknown: Gate: live order book, 3 min ago; Injective: 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 Gate live order book, 3 min ago | 2.03 bp | 12.8 bp −$13 | 19.6 bp −$196 | 107.8 bp −$10.8K | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.2464 | −0.033% | $203K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2466 | +0.041% | $136K | $6.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2466 | +0.056% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2467 | +0.089% | $6.3M | $13.2M | 50x | as long as short |
| Injective ADA/USDC PERPshort | +0.0033% | 1h | 0.2471 | +0.243% | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2465 | 0.000% | $404K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2469 | +0.158% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2467 | +0.100% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2466 | +0.039% | $158K | $170K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2468 | +0.122% | $104.0M | $392.0M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2467 | +0.081% | $73.8M | $116.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2468 | +0.122% | $33.0M | $111.8M | 50x | as long as short |
| Gate ADA_USDTlong | +0.0100% | 8h | 0.2465 | long leg | $99.8M | $63.3M | 75x | |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2467 | +0.081% | $59.2M | $62.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2467 | +0.073% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2468 | +0.122% | $67.0M | $51.7M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2467 | +0.081% | — | $19.9M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2474 | +0.368% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2471 | +0.235% | $66K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2473 | +0.333% | $290K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2467 | +0.081% | $227K | $757K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2467 | +0.093% | $93K | $633K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2467 | +0.081% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2468 | +0.113% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2468 | +0.122% | $8K | $747K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2467 | +0.101% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2467 | +0.061% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2467 | +0.081% | $48.1M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2466 | +0.044% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2467 | +0.095% | $536K | $1.8M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0118% | 1h | 0.2468 | +0.126% | $123K | $456K | 15x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2470 | +0.211% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2466 | +0.041% | $4.5M | $5.8M | 75x | as long as short |
| Hyperliquid ADA | +0.0230% | 1h | 0.2469 | +0.154% | $43.9M | $16.3M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2467 | +0.081% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0480% | 1h | 0.2469 | +0.142% | $607K | $533K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0585% | 1h | 0.2467 | +0.068% | $140K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
Backpack ADA_USDC_PERP
Phoenix ADA
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]