ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 18:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.005%

Price spread now: Pacifica against Injective−1.302%7-day average +0.234% · you buy dearer than you sell

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

Long on Injective Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.100%+$10 on $10k

Price spread, last 4 days (all we have)+2.356%+$236 · spread now −1.302%, 7d avg +0.234%

Together, before fees+2.455%+ Points / potential airdropPacifica: Active · farm board+$246 on $10k · with fees, hour by hour

Funding pays, the price is against you. Pacifica is 1.536% cheaper against Injective than usual: you would sell low and buy high (spread −1.302% now, against its 7-day average of +0.234%). If the spread goes back, that is −$154 on $10k: about 3 months of funding at the current rate (+$2 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ADA/USDC PERP	0.2529	0.0033	pay 0.0004% / 1h	5m 22s	$868	$205K	12x
Short	Pacifica ADA	0.2496	0.0100	get 0.0013% / 1h	5m 22s	$160K	$88K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica against Injective. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpFee PacificabpOrdersPrice spread, now −1.302%Rate

Funding earned: $14
Price spread: −1.302% → +0.234%: −$153.6
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$147.62
Costs to cover: 0.080%
Break-even: 80.8 days

Slippage unknown: Injective: no order-book sample; Pacifica: live order book, 5 min ago. 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 Injective no order-book sample	—	—	—	—	—
Sell Pacifica live order book, 5 min ago	3.21 bp	8.5 bp −$9	doesn't fit	doesn't fit	doesn't fit

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 exchanges

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
Kraken Futures PF_ADAUSD	−0.0178%	1h	0.2502	−1.078%	$6.3M	$13.5M	50x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2497	−1.265%	$193K	$7.1M	3.2x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2497	−1.266%	$210K	$6K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2499	−1.193%	$85K	—	150x	as long as short
Phoenix ADA	+0.0032%	1h	0.2498	−1.226%	$3K	$87K	10x	as long as short
Injective ADA/USDC PERPlong	+0.0033%	1h	0.2529	long leg	$868	$205K	12x
Coinbase International ADA-PERP-INTX	+0.0072%	1h	0.2496	−1.305%	$465K	$7.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2498	−1.242%	$2.6M	$658K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0099%	8h	0.2500	−1.147%	$6K	$3K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2499	−1.178%	$45.0M	$13.9M	10x	as long as short

Show all 37 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Aster ADAUSDT	+0.0100%	8h	0.2498	−1.214%	$1.2M	$1.0M	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2496	−1.302%	$160K	$88K	10x
Binance ADAUSDT	+0.0100%	8h	0.2498	−1.214%	$106.0M	$372.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2498	−1.226%	$77.0M	$128.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2501	−1.107%	$33.0M	$98.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2497	−1.265%	$102.3M	$57.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2496	−1.305%	$37.0M	$80.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2496	−1.289%	$28.9M	$14.7M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2500	−1.147%	$67.7M	$49.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2498	−1.226%	—	$15.8M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2496	−1.321%	$135K	$452K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2489	−1.562%	$4.3M	$1.7M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2492	−1.470%	$66K	$365K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2492	−1.463%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2492	−1.463%	$59K	$628K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2497	−1.281%	$67K	$1.6M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2500	−1.148%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2500	−1.145%	$8K	$558K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2500	−1.127%	$344	$15K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2501	−1.097%	$1.4M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2500	−1.147%	$48.3M	$7.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2496	−1.320%	$19K	$2K	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2500	−1.155%	$543K	$715K	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0150%	1h	0.2502	−1.083%	$495K	$1.1M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2498	−1.226%	$4.8M	$3.6M	75x	as long as short
Reya ADARUSDPERP	+0.0259%	1h	0.2497	−1.267%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0378% / S −0.0309%	1h	0.2499	−1.199%	$91K	—	100x	as long as short