Funding spread now, next payment 18:00 UTC+0.0225%/8h
paid, last 24h−0.011%paid, last 5 days−0.027%to open and closeno order book
The current rate is far above what this pair has been paying: over the last 5 days it paid -0.027% in total (about -2.1% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ADA_USDC | 0.2435 | 0.0100 | pay 0.0100% / 8h | 6h 22m | $6K | $36K | 20x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2436 | 0.0325 | get 0.0041% / 1h | 22m 58s | $475K | $382K | 50x |
Orderly PERP_ADA_USDC
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Funding on every exchange
click an exchange to add or hide itlatest
Profit calculator
- Funding earned
- $47.25
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $34.25
- Break-even
- 1.9 days
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 17 min ago. Net counts fees only.
Price risk
price view- Price gap now
- +0.041%
- Avg gap 7d
- —
A gap far from its average can cost days of funding.
Backtest
opened in the past, held until now, after costsCost 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 Deribit live order book, 17 min ago | 3.50 bp | 8.4 bp −$8 | 15.0 bp −$150 | doesn't fit | 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 venues
lowest funding first. Swap a leg.| Exchange | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | $139K | $5.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | $832 | $103K | 12x | as long as short |
| dYdX ADA-USD | +0.0065% | 1h | $202K | $2K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | $479K | $6.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | $43.0M | $13.6M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | $1.1M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | $157K | $156K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | $101.4M | $339.9M | 75x | as long as short |
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
dYdX ADA-USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]