ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h +0.005%

Price spread now: Polymarket Perps against Injective−1.299%7-day average +0.329% · you buy dearer than you sell

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

Long on Injective Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.160%−$16 on $10k

Price spread, last 3 days (all we have)+2.375%+$237 · spread now −1.299%, 7d avg +0.329%

Together, before fees+2.214%+$221 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Polymarket Perps is 1.628% cheaper against Injective than usual: you would sell low and buy high (−$163 if the spread goes back to its 7-day average of +0.329%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ADA/USDC PERP	0.2471	0.0254	pay 0.0032% / 1h	26m 46s	$849	$202K	12x
Short	Polymarket Perps ADA-USD	0.2439	0.0100	get 0.0013% / 1h	26m 46s	$92K	$634K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −1.299%Rate

Funding earned: −$32.35
Price spread: −1.299% → +0.329%: −$162.78
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$203.15
Costs to cover: 0.080%
Break-even: never at this rate

Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 51 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 Polymarket Perps live order book, 51 min ago	0.20 bp	6.6 bp −$7	9.0 bp −$90	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 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	0.2438	−1.336%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2440	−1.255%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−1.272%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2438	−1.335%	$402K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	−1.166%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2440	−1.234%	$42.2M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2441	−1.225%	$1.2M	$928K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2439	−1.301%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2440	−1.246%	$101.3M	$363.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2439	−1.295%	$70.9M	$103.3M	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	0.2441	−1.214%	$32.2M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2439	−1.295%	$96.8M	$59.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2440	−1.255%	$52.3M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2441	−1.218%	$29.9M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2440	−1.255%	$65.5M	$43.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2440	−1.255%	—	$18.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2442	−1.178%	$108K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−0.881%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2442	−1.172%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2449	−0.889%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2442	−1.174%	$55K	$582K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2439	−1.299%	$92K	$634K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	−1.255%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2441	−1.227%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2440	−1.256%	$9K	$764K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2440	−1.242%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2441	−1.226%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2441	−1.214%	$47.7M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2439	−1.291%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2440	−1.252%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2440	−1.238%	$6.1M	$11.7M	50x	as long as short
Phoenix ADA	+0.0130%	1h	0.2442	−1.153%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2442	−1.174%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERPlong	+0.0254%	1h	0.2471	long leg	$849	$202K	12x
Reya ADARUSDPERP	+0.0284%	1h	0.2439	−1.289%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2440	−1.255%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.4746%	1h	0.2501	+1.230%	$503K	$430K	50x	as long as short