ADA

Alert

Funding spread now, next payment 16:00 UTC0.0000%/8h

paid, last 24h−0.005%paid, last 4 days−0.042%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phemex ADAUSDT	0.2452	0.0100	pay 0.0100% / 8h	46m 23s	$48.0M	$5.8M	50x
Short	Derive ADA-PERP	0.2453	0.0100	get 0.0013% / 1h	46m 23s	$40K	$3K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhemexbpFee DerivebpOrdersRate

Funding earned: $0
Slippage, 4 orders: no order book: not counted
Fee Phemex: 6 bp × 2 orders: −$12
Fee Derive: 3 bp × 2 orders: −$6
Net: −$18
Break-even: never at this rate

Slippage unknown: Phemex: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.033%
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 days Backtest 30 days Backtest 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

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy Phemex live order book, 4 min ago	2.03 bp	12.0 bp −$12	28.2 bp −$282	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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
dYdX ADA-USD	0.0000%	1h	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	$109K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	$89K	—	150x	as long as short
Phoenix ADA	+0.0066%	1h	$4K	$103K	10x	as long as short
Gate ADA_USDT	+0.0086%	8h	$95.0M	$57.5M	75x	as long as short
Lighter ADA	+0.0096%	1h	$2.3M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	$42.1M	$15.9M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	$1.1M	$1.4M	75x	as long as short
Pacifica ADA	+0.0100%	1h	$164K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	$102.9M	$361.5M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	$71.2M	$110.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	$32.5M	$107.1M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	$52.3M	$62.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	$30.4M	$21.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	$64.5M	$47.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	—	$18.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	$103K	$421K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	$65K	$277K	20x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	$229K	$444K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	$93K	$726K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	$6K	$36K	20x	as long as short
Derive ADA-PERPshort	+0.0100%	1h	$40K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	$9K	$796K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDTlong	+0.0100%	8h	$48.0M	$5.8M	50x
Paradex ADA-USD-PERP	+0.0100%	8h	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	$615K	$1.6M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	$432K	$6.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	$4.5M	$6.2M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0222%	1h	$6.0M	$11.4M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0239%	1h	$471K	$405K	50x	as long as short
Reya ADARUSDPERP	+0.0295%	1h	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0543% / S −0.0293%	1h	$117K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0558%	1h	$832	$124K	12x	as long as short