Funding you earn now, next payment 02:00 UTC−0.0063%/8h= −6.9% APRpaid last 24h +0.001%
Price spread now: Gate against Phoenix+0.255%107s7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.226%+$23 on $10k
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs both histories
The price spread pays, funding is against you. Gate is 0.255% dearer against Phoenix than usual: you sell high and buy low (spread +0.255% now, against zero (this spread has no 7-day history yet)): +$26 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 14 days. Mind the row above: over the last 7 days funding on this pair paid +0.226%, so the current rate has only just turned against you. The two prices were read 107 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ADA | 0.2469 | 0.0163 | pay 0.0020% / 1h | 35m 32s | $4K | $90K | 10x |
| Short | Gate ADA_USDT | 0.2475 | 0.0100 | get 0.0100% / 8h | 5h 35m | $99.2M | $59.2M | 75x |
Phoenix ADA
Gate ADA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Gate against Phoenix. 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
- −$13.18
- Price spread: +0.255% → 0.000%
- $25.52
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Net
- −$9.66
- Costs to cover
- 0.220%
- Break-even
- from the start
Slippage unknown: Phoenix: no order-book sample; Gate: live order book, 3 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 Gate live order book, 3 min ago | 2.03 bp | 13.3 bp −$13 | 17.3 bp −$173 | 84.1 bp −$8,410 | 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 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 | 0.2474 | +0.221% | $204K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2478 | +0.390% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.093% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2480 | +0.458% | $419K | $7.6M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2474 | +0.223% | $43.0M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2474 | +0.201% | $1.2M | $990K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2474 | +0.205% | $159K | $161K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2477 | +0.329% | $104.4M | $369.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2477 | +0.336% | $72.9M | $108.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2479 | +0.417% | $33.0M | $106.4M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDTshort | +0.0100% | 8h | 0.2475 | +0.255% | $99.2M | $59.2M | 75x | |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2475 | +0.255% | $57.8M | $57.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2473 | +0.158% | $29.8M | $16.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2478 | +0.377% | $66.4M | $48.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2475 | +0.255% | — | $20.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2481 | +0.494% | $128K | $422K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2479 | +0.418% | $4.3M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2466 | −0.126% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2466 | −0.109% | $296K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2467 | −0.069% | $228K | $732K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2478 | +0.389% | $95K | $675K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2479 | +0.417% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2480 | +0.469% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2482 | +0.538% | $9K | $746K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2480 | +0.474% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2476 | +0.311% | $1.3M | $6.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2480 | +0.458% | $48.2M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2475 | +0.248% | $537K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0104% | 8h | 0.2469 | +0.012% | $164K | $6.3M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2476 | +0.309% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0136% | 1h | 0.2475 | +0.243% | $2.5M | $1.0M | 10x | as long as short |
| Phoenix ADAlong | +0.0163% | 1h | 0.2469 | long leg | $4K | $90K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2469 | +0.012% | $4.5M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0259% | 1h | 0.2481 | +0.489% | $6.4M | $12.4M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2478 | +0.396% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0418% / S −0.0202% | 1h | 0.2477 | +0.332% | $96K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0597% | 1h | 0.2481 | +0.494% | $565K | $450K | 50x | as long as short |
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
Phemex ADAUSDT
Extended ADA-USD
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL