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Funding spread now, next payment 13:00 UTC+0.0046%/8h
next payment, per $10,000+$0.06paid, last 24h−0.008%paid, last 5 days−0.116%to open and closeno order book
Long on Kraken FuturesShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ADAUSD0.24260.0020pay 0.0002% / 1h31m 12s$6.0M$10.9M50x
ShortPhoenix ADA0.24460.0065get 0.0008% / 1h31m 12s$4K$94K10x

Funding history

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Funding on every exchange

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latest

Profit calculator

Funding earned
$9.56
Slippage, 4 orders
no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$7.44
Break-even
12.5 days
Slippage unknown: Kraken Futures: live order book, 4 min ago; Phoenix: no order-book sample. Net counts fees only.

Price risk

price view
Price gap now
+0.805%
Avg gap 7d
—
A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Kraken Futures live order book, 4 min ago2.26 bp14.3 bp −$1419.2 bp −$19260.2 bp −$6,019doesn't fit
Sell Phoenix no order-book sample—————
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 36 venues

lowest funding first. Swap a leg.
ExchangeFunding /8hEveryOIVol 24hMax lev
Kalshi KXADAPERP0.0000%8h$174K$5.3M3.2xas long as short
Deribit ADA_USDC-PERPETUAL0.0000%1h$455K$350K50xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h$84K—150xas long as short
Kraken Futures PF_ADAUSDlong+0.0020%1h$6.0M$10.9M50x
dYdX ADA-USD+0.0031%1h$201K$2K10xas long as short
Injective ADA/USDC PERP+0.0033%1h$784$95K12xas long as short
Phoenix ADAshort+0.0065%1h$4K$94K10x
Lighter ADA+0.0096%1h$2.2M$933K10xas long as short
Hyperliquid ADA+0.0100%1h$41.2M$15.8M10xas long as short
Aster ADAUSDT+0.0100%8h$1.1M$1.3M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Pacifica ADA+0.0100%1h$150K$135K10xas long as short
Binance ADAUSDT+0.0100%8h$101.4M$330.8M75xas long as short
Bybit ADAUSDT+0.0100%8h$70.1M$103.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h$32.2M$98.3M50xas long as short
Gate ADA_USDT+0.0100%8h$95.1M$52.9M75xas long as short
MEXC ADA_USDT+0.0100%8h$51.2M$59.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h$28.5M$19.6M75xas long as short
Bitget ADAUSDT+0.0100%8h$63.2M$44.0M75xas long as short
BingX ADA-USDC+0.0100%8h—$6.5M—as long as short
Backpack ADA_USDC_PERP+0.0100%1h$103K$419K15xas long as short
Variational Omni ADA+0.0100%8h$4.3M$951K—as long as short
edgeX ADAUSDC+0.0100%4h$64K$352K20xas long as short
ApeX Omni ADAUSDT+0.0100%1h$92K$313K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h$92K$710K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h$6K$38K20xas long as short
Derive ADA-PERP+0.0100%1h$39K$3K5xas long as short
SunX ADA-USDT+0.0100%8h$9K$734K30xas long as short
SoDEX ADA-USD+0.0100%1h$334$13K10xas long as short
HTX ADA-USDT+0.0100%8h$1.3M$4.4M75xas long as short
Phemex ADAUSDT+0.0100%8h$47.5M$5.5M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h$20K$25020xas long as short
Extended ADA-USD+0.0104%1h$654K$791K50xas long as short
Coinbase International ADA-PERP-INTX+0.0136%1h$494K$5.9M50xas long as short
BloFin ADA-USDT+0.0220%8h$4.5M$5.9M75xas long as short
Reya ADARUSDPERP+0.0297%1h$1K—15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0545% / S −0.0369%1h$107K—100xas long as short