ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0035%/8h= +3.8% APRnext payment +$0.04 per $10,000 · paid last 24h +0.010%

Price spread now: Deribit against Phoenix−0.114%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 7 days+0.217%+$22 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Deribit is 0.114% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.114% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$11 on $10k: about 11 days of funding at the current rate (+$1 a day). At the pace of the last 7 days (+0.217% in total) that is about 3.7 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ADA	0.2457	0.0163	pay 0.0020% / 1h	59m 00s	$4K	$81K	10x
Short	Deribit ADA_USDC-PERPETUAL	0.2454	0.0198	get 0.0025% / 1h	59m 00s	$502K	$470K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DeribitbpOrdersPrice spread, now −0.114%Rate

Funding earned: $7.32
Price spread: −0.114% → 0.000%: −$11.4
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$18.07
Costs to cover: 0.140%
Break-even: 24.3 days

Slippage unknown: Phoenix: no order-book sample; Deribit: live order book, 5 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 Phoenix no order-book sample	—	—	—	—	—
Sell Deribit live order book, 5 min ago	1.63 bp	6.6 bp −$7	15.3 bp −$153	doesn't fit	doesn't fit

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 36 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	0.2456	−0.030%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	−0.145%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.570%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2452	−0.204%	$407K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2456	−0.036%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2455	−0.087%	$1.2M	$983K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	−0.012%	$158K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2456	−0.041%	$103.1M	$367.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	−0.081%	$72.5M	$107.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2457	0.000%	$32.7M	$106.0M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.122%	$98.5M	$58.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	−0.081%	$63.7M	$53.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	−0.085%	$29.9M	$17.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2456	−0.041%	$65.8M	$47.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2456	−0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	−0.094%	$131K	$413K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.038%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−0.029%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	+0.180%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.081%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	−0.106%	$94K	$671K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.122%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	−0.096%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.038%	$9K	$749K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	−0.118%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	−0.090%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2455	−0.081%	$47.8M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	−0.024%	$534K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2456	−0.041%	$139K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2458	+0.030%	$21K	$250	20x	as long as short
Lighter ADA	+0.0144%	1h	0.2457	−0.004%	$2.4M	$1.0M	10x	as long as short
Phoenix ADAlong	+0.0163%	1h	0.2457	long leg	$4K	$81K	10x
Deribit ADA_USDC-PERPETUALshort	+0.0198%	1h	0.2454	−0.114%	$502K	$470K	50x
Kraken Futures PF_ADAUSD	+0.0262%	1h	0.2454	−0.122%	$6.2M	$12.1M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2453	−0.143%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2453	−0.168%	$95K	—	100x	as long as short