ADA

Alert

Funding spread now, next payment 14:00 UTC+0.0034%/8h

next payment, per $10,000+$0.04paid, last 24h+0.021%paid, last 4 days+0.104%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ADA	0.2400	0.0066	pay 0.0008% / 1h	51m 24s	$4K	$103K	10x
Short	Derive ADA-PERP	0.2414	0.0100	get 0.0013% / 1h	51m 24s	$39K	$3K	5x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee DerivebpOrdersRate

Funding earned: $7.23
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$5.77
Break-even: 12.6 days

Slippage unknown: Phoenix: no order-book sample; Derive: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: +0.570%
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 Phoenix no order-book sample	—	—	—	—	—
Sell Derive no order-book sample	—	—	—	—	—

Phoenix and 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
Kraken Futures PF_ADAUSD	−0.0070%	1h	$5.9M	$11.1M	50x	as long as short
dYdX ADA-USD	0.0000%	1h	$200K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	$152K	$5.4M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	$82K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	$784	$95K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0040%	1h	$451K	$356K	50x	as long as short
Phoenix ADAlong	+0.0066%	1h	$4K	$103K	10x
Gate ADA_USDT	+0.0084%	8h	$92.2M	$55.2M	75x	as long as short
Lighter ADA	+0.0096%	1h	$2.2M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	$41.3M	$16.3M	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Aster ADAUSDT	+0.0100%	8h	$1.1M	$1.3M	75x	as long as short
Pacifica ADA	+0.0100%	1h	$158K	$168K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	$100.6M	$344.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	$69.1M	$108.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	$31.9M	$101.7M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	$50.6M	$60.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	$29.8M	$20.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	$62.9M	$45.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	$104K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	$4.2M	$979K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	$64K	$352K	20x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	$93K	$319K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	$91K	$719K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	$5K	$38K	20x	as long as short
Derive ADA-PERPshort	+0.0100%	1h	$39K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	$332	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	$1.3M	$4.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	$47.3M	$5.7M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	$631K	$1.5M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0136%	1h	$452K	$6.3M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0296%	1h	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0541% / S −0.0369%	1h	$106K	—	100x	as long as short