Funding you earn now, next payment 00:00 UTC−0.0002%/8h= −0.2% APRnext payment −$0.00 per $10,000 · paid last 24h −0.007%
Price spread now: Phoenix against Pacifica+0.004%47s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.289%−$29 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ADA | 0.2484 | 0.0100 | pay 0.0013% / 1h | 9m 43s | $160K | $150K | 10x |
| Short | Phoenix ADA | 0.2484 | 0.0098 | get 0.0012% / 1h | 9m 43s | $4K | $84K | 10x |
Pacifica ADA
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Pacifica. 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
- −$0.45
- Price spread: +0.004% → 0.000%
- $0.44
- Slippage, 4 orders
- no order book: not counted
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$15
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Pacifica: live order book, 63 min ago; Phoenix: no order-book sample. 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 Pacifica live order book, 63 min ago | 2.25 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn'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 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 | 0.2482 | −0.063% | $204K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2481 | −0.108% | $196K | $6.2M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2482 | −0.050% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.511% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2482 | −0.068% | $426K | $7.4M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2481 | −0.097% | $6.3M | $11.8M | 50x | as long as short |
| Phoenix ADAshort | +0.0098% | 1h | 0.2484 | +0.004% | $4K | $84K | 10x | |
| Aster ADAUSDT | +0.0100% | 8h | 0.2484 | +0.006% | $1.2M | $956K | 75x | as long as short |
| Pacifica ADAlong | +0.0100% | 1h | 0.2484 | long leg | $160K | $150K | 10x | |
| Binance ADAUSDT | +0.0100% | 8h | 0.2484 | +0.012% | $103.6M | $367.9M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Aster ADAUSDT
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2483 | −0.028% | $72.8M | $105.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2483 | −0.028% | $32.8M | $108.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2482 | −0.068% | $99.1M | $59.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2484 | +0.012% | $54.7M | $52.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2484 | −0.004% | $30.5M | $17.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2483 | −0.028% | $67.0M | $44.9M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2483 | −0.028% | — | $20.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2484 | −0.004% | $138K | $416K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2477 | −0.266% | $4.3M | $967K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2480 | −0.129% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2483 | −0.029% | $294K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2485 | +0.053% | $56K | $585K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2482 | −0.060% | $95K | $650K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2483 | −0.028% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2484 | 0.000% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2484 | +0.011% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2482 | −0.088% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2482 | −0.053% | $1.3M | $5.6M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2481 | −0.108% | $48.3M | $6.0M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2483 | −0.030% | $540K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2484 | +0.006% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0184% | 1h | 0.2485 | +0.065% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2480 | −0.149% | $4.4M | $5.7M | 75x | as long as short |
| Hyperliquid ADA | +0.0245% | 1h | 0.2485 | +0.057% | $43.4M | $14.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2483 | −0.027% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0395% | 1h | 0.2483 | −0.012% | $500K | $451K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0630% / S −0.0393% | 1h | 0.2483 | −0.029% | $143K | — | 100x | as long as short |
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
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Lighter ADA
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]