Funding you earn now, next payment 00:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Variational Omni against Phemex+0.009%7-day average −0.021% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)0.000%$0 on $10k
+Price spread, last 3 days (all we have)−0.278%−$28 · spread now +0.009%, 7d avg −0.021%
=Together, before fees−0.278%+ Points / potential airdropVariational Omni: Active · farm board−$28 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Variational Omni is 0.030% dearer against Phemex than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of −0.021%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2437 | 0.0100 | pay 0.0100% / 8h | 25m 14s | $47.6M | $5.9M | 50x |
| Short | Variational Omni ADA | 0.2437 | 0.0100 | get 0.0100% / 8h | 25m 14s | $4.2M | $1.0M | — |
Phemex ADAUSDT
Variational Omni ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- Price spread: +0.009% → −0.021%
- $3.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$8.97
- Costs to cover
- 0.120%
- Break-even
- never at this rate
Slippage unknown: Phemex: live order book, 4 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 4 min ago | 2.05 bp | 12.0 bp −$12 | 19.4 bp −$194 | 43.5 bp −$4,351 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 6.14 bp | doesn't fit | 10.2 bp −$102 | doesn't fit | doesn't fit |
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 | 0.2436 | −0.058% | $200K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2435 | −0.082% | $186K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2435 | −0.086% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2436 | −0.041% | $402K | $7.3M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2438 | +0.029% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2436 | −0.053% | $42.2M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2435 | −0.062% | $1.2M | $929K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2436 | −0.059% | $156K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2436 | −0.035% | $101.1M | $364.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2435 | −0.082% | $70.6M | $103.5M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2437 | 0.000% | $32.1M | $106.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2435 | −0.082% | $96.6M | $59.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2436 | −0.041% | $51.8M | $50.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2436 | −0.033% | $29.8M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2436 | −0.041% | $65.5M | $43.5M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2436 | −0.041% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2436 | −0.025% | $108K | $417K | 15x | as long as short |
| Variational Omni ADAshort | +0.0100% | 8h | 0.2437 | +0.009% | $4.2M | $1.0M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2442 | +0.207% | $65K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2439 | +0.066% | $291K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | +0.205% | $55K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2434 | −0.103% | $91K | $637K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2436 | −0.041% | $6K | $33K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2437 | −0.015% | $39K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2436 | −0.043% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2437 | −0.021% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2435 | −0.086% | $1.3M | $5.4M | 75x | as long as short |
| Phemex ADAUSDTlong | +0.0100% | 8h | 0.2437 | long leg | $47.6M | $5.9M | 50x | |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2435 | −0.068% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2436 | −0.039% | $551K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0114% | 1h | 0.2437 | −0.017% | $6.1M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2440 | +0.111% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2433 | −0.164% | $4.4M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +1.395% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2435 | −0.077% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0563% / S −0.0313% | 1h | 0.2435 | −0.067% | $121K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4745% | 1h | 0.2497 | +2.478% | $502K | $430K | 50x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
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
Paradex ADA-USD-PERP
Extended ADA-USD
Kraken Futures PF_ADAUSD
Phoenix ADA
BloFin ADA-USDT
Injective ADA/USDC PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL