Funding you earn now, next payment 08:00 UTC+0.0004%/8h= +0.5% APRnext payment +$0.04 per $10,000 · paid last 24h 0.000%
Price spread now: Paradex against Phemex−0.106%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Paradex is 0.106% cheaper against Phemex than usual: you would sell low and buy high, −$11 on $10k if it 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 | Phemex ADAUSDT | 0.2454 | 0.0100 | pay 0.0100% / 8h | 2h 06m | $47.6M | $7.4M | 50x |
| Short | Paradex ADA-USD-PERP | 0.2451 | 0.0104 | get 0.0104% / 8h | 2h 06m | $21K | $250 | 20x |
Phemex ADAUSDT
Paradex ADA-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Phemex. 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
- $0.89
- Price spread: −0.106% → 0.000%
- −$10.62
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$25.72
- Costs to cover
- 0.160%
- Break-even
- 208.5 days
Slippage unknown: Phemex: live order book, 3 min ago; Paradex: 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 Phemex live order book, 3 min ago | 2.04 bp | 8.0 bp −$8 | 11.4 bp −$114 | 40.0 bp −$4,004 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2450 | −0.163% | $186K | $7.6M | 3.2x | as long as short |
| dYdX ADA-USD | +0.0002% | 1h | 0.2448 | −0.242% | $201K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2451 | −0.107% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0020% | 1h | 0.2454 | +0.010% | $6.3M | $13.8M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2451 | −0.126% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.693% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2457 | +0.106% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2457 | +0.114% | $43.1M | $18.2M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2455 | +0.059% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2450 | −0.147% | $157K | $178K | 10x | as long as short |
Kalshi KXADAPERP
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2455 | +0.041% | $103.3M | $410.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2454 | 0.000% | $72.5M | $124.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2456 | +0.081% | $32.6M | $118.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2454 | 0.000% | $100.2M | $65.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2455 | +0.041% | $52.3M | $65.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2454 | +0.008% | $29.4M | $15.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2455 | +0.041% | $66.7M | $53.6M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2455 | +0.041% | — | $20.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2456 | +0.069% | $137K | $484K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2447 | −0.282% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2449 | −0.191% | $65K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2449 | −0.185% | $287K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2453 | −0.041% | $83K | $888K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2451 | −0.126% | $129K | $1.0M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2453 | −0.041% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | −0.013% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2452 | −0.086% | $8K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | −0.020% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2449 | −0.221% | $1.3M | $7.0M | 75x | as long as short |
| Phemex ADAUSDTlong | +0.0100% | 8h | 0.2454 | long leg | $47.6M | $7.4M | 50x | |
| Extended ADA-USD | +0.0104% | 1h | 0.2454 | +0.013% | $524K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2448 | −0.244% | $378K | $8.6M | 50x | as long as short |
| Paradex ADA-USD-PERPshort | +0.0104% | 8h | 0.2451 | −0.106% | $21K | $250 | 20x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2451 | −0.122% | $4.4M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0275% | 1h | 0.2452 | −0.081% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0631% / S −0.0728% | 1h | 0.2452 | −0.092% | $164K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0647% | 1h | 0.2455 | +0.033% | $625K | $613K | 50x | as long as short |
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
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
Extended ADA-USD
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL