Funding you earn now, next payment 10:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h −0.002%
Price spread now: Coinbase International against Orderly+0.121%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Coinbase International is 0.121% dearer against Orderly than usual: you sell high and buy low: +$12 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ADA_USDC | 0.2475 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $6K | $4K | 20x |
| Short | Coinbase International ADA-PERP-INTX | 0.2478 | 0.0176 | get 0.0022% / 1h | 57m 10s | $403K | $8.1M | 50x |
Orderly PERP_ADA_USDC
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against Orderly. 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
- $15.96
- Price spread: +0.121% → 0.000%
- $12.12
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- $12.08
- Costs to cover
- 0.160%
- Break-even
- 1.7 days
Slippage unknown: Orderly: no order-book sample; Coinbase International: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 5 min ago | 4.04 bp | 11.8 bp −$12 | 19.2 bp −$192 | 74.8 bp −$7,475 | doesn't fit |
Orderly: 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 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2474 | −0.044% | $207K | $5K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2475 | 0.000% | $205K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2474 | −0.034% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0031% | 1h | 0.2475 | +0.018% | $6.3M | $13.3M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.162% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2476 | +0.057% | $2.4M | $934K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2476 | +0.032% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2475 | −0.010% | $159K | $151K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2476 | +0.032% | $106.2M | $383.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2475 | 0.000% | $74.5M | $122.1M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2474 | −0.040% | $32.8M | $108.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2474 | −0.040% | $101.9M | $59.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2475 | 0.000% | $49.7M | $67.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2475 | −0.004% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2475 | 0.000% | $67.7M | $50.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2475 | 0.000% | — | $18.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2475 | +0.008% | $139K | $454K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2475 | −0.003% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2477 | +0.085% | $66K | $291K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2478 | +0.128% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2478 | +0.121% | $71K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2473 | −0.081% | $119K | $1.3M | 10x | as long as short |
| Orderly PERP_ADA_USDClong | +0.0100% | 8h | 0.2475 | long leg | $6K | $4K | 20x | |
| SunX ADA-USDT | +0.0100% | 8h | 0.2476 | +0.039% | $8K | $677K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2475 | +0.020% | $340 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2474 | −0.024% | $1.3M | $6.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2477 | +0.081% | $47.8M | $7.5M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2474 | −0.038% | $20K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2474 | −0.033% | $545K | $1.7M | 50x | as long as short |
| Hyperliquid ADA | +0.0122% | 1h | 0.2476 | +0.048% | $44.2M | $17.6M | 10x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0176% | 1h | 0.2478 | +0.121% | $403K | $8.1M | 50x | |
| Phoenix ADA | +0.0192% | 1h | 0.2482 | +0.291% | $3K | $103K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2474 | −0.040% | $4.6M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0270% | 1h | 0.2474 | −0.049% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0316% | 1h | 0.2476 | +0.057% | $616K | $791K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0369% / S −0.0295% | 1h | 0.2476 | +0.028% | $88K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Hyperliquid ADA
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]