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ADA

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Funding spread now, next payment 16:00 UTC+0.0030%/8h
paid, last 24h−0.023%paid, last 3 days−0.099%to open and closeno order book
Long on ParadexShort on Phoenix
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongParadex ADA-USD-PERP0.24530.0100pay 0.0100% / 8h7h 53m$21K$25020x
ShortPhoenix ADA0.24500.0131get 0.0016% / 1h53m 53s$4K$102K10x

Funding history

latest
Range statsloading…

Funding on every exchange

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latest

Profit calculator

Funding earned
$6.39
Slippage, 4 orders
no order book: not counted
Fee Paradex: 2 bp × 2 orders
−$4
Fee Phoenix: 3.5 bp × 2 orders
−$7
Net
−$4.61
Break-even
12.1 days
Slippage unknown: Paradex: no order-book sample; Phoenix: live order book, 44 min ago. Net counts fees only.

Price risk

price view
Price gap now
−0.122%
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 Paradex no order-book sample—————
Sell Phoenix live order book, 44 min ago0.82 bp13.2 bp −$1344.7 bp −$447doesn't fitdoesn't fit
Paradex: 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
dYdX ADA-USD0.0000%1h$203K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h$99K$5.9M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h$89K—150xas long as short
Gate ADA_USDT+0.0020%8h$95.1M$55.7M75xas long as short
Injective ADA/USDC PERP+0.0033%1h$832$124K12xas long as short
Deribit ADA_USDC-PERPETUAL+0.0076%1h$470K$422K50xas long as short
Lighter ADA+0.0096%1h$2.3M$985K10xas long as short
Aster ADAUSDT+0.0100%8h$1.1M$1.4M75xas long as short
Pacifica ADA+0.0100%1h$161K$180K10xas long as short
Binance ADAUSDT+0.0100%8h$102.3M$368.4M75xas long as short
Show all 36 venues
ExchangeFunding /8hEveryOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h$71.7M$112.3M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h$32.3M$109.5M50xas long as short
MEXC ADA_USDT+0.0100%8h$51.8M$62.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h$30.1M$21.3M75xas long as short
Bitget ADAUSDT+0.0100%8h$64.6M$47.1M75xas long as short
BingX ADA-USDT+0.0100%8h—$18.6M—as long as short
Backpack ADA_USDC_PERP+0.0100%1h$103K$433K15xas long as short
Variational Omni ADA+0.0100%8h$4.2M$1.0M—as long as short
edgeX ADAUSDC+0.0100%4h$65K$276K20xas long as short
ApeX Omni ADAUSDT+0.0100%1h$228K$451K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h$94K$736K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h$9K$810K30xas long as short
SoDEX ADA-USD+0.0100%1h$718$13K10xas long as short
HTX ADA-USDT+0.0100%8h$1.3M$5.3M75xas long as short
Phemex ADAUSDT+0.0100%8h$47.9M$5.9M50xas long as short
Paradex ADA-USD-PERPlong+0.0100%8h$21K$25020x
Extended ADA-USD+0.0104%1h$611K$1.7M50xas long as short
Coinbase International ADA-PERP-INTX+0.0112%1h$436K$6.9M50xas long as short
Phoenix ADAshort+0.0131%1h$4K$102K10x
Hyperliquid ADA+0.0133%1h$42.8M$16.6M10xas long as short
Kraken Futures PF_ADAUSD+0.0140%1h$6.0M$11.5M50xas long as short
BloFin ADA-USDT+0.0220%8h$4.4M$6.3M75xas long as short
Reya ADARUSDPERP+0.0294%1h$1K—15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0536% / S −0.0286%1h$115K—100xas long as short