ADA

Alert

Funding spread now, next payment 13:00 UTC+0.0031%/8h

next payment, per $10,000+$0.04paid, last 24h+0.026%paid, last 5 days+0.024%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ADA	0.2446	0.0065	pay 0.0008% / 1h	35m 30s	$4K	$94K	10x
Short	Lighter ADA	0.2439	0.0096	get 0.0012% / 1h	35m 30s	$2.2M	$932K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee LighterbpOrdersRate

Funding earned: $6.49
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.51
Break-even: 7.5 days

Slippage unknown: Phoenix: no order-book sample; Lighter: live order book, 3 min ago. Net counts fees only.

Price risk

price view

Price gap now: −0.282%
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 Lighter live order book, 3 min ago	2.24 bp	8.7 bp −$9	17.6 bp −$176	51.0 bp −$5,104	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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Kalshi KXADAPERP	0.0000%	8h	$146K	$5.3M	3.2x	as long as short
Deribit ADA_USDC-PERPETUAL	0.0000%	1h	$458K	$350K	50x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0019%	1h	$6.1M	$10.9M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	$784	$95K	12x	as long as short
dYdX ADA-USD	+0.0036%	1h	$202K	$2K	10x	as long as short
Phoenix ADAlong	+0.0065%	1h	$4K	$94K	10x
Lighter ADAshort	+0.0096%	1h	$2.2M	$932K	10x
Hyperliquid ADA	+0.0100%	1h	$41.5M	$15.8M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	$1.1M	$1.3M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Pacifica ADA	+0.0100%	1h	$151K	$135K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	$101.5M	$329.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	$71.0M	$103.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	$32.3M	$98.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	$95.8M	$52.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	$53.2M	$58.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	$28.6M	$19.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	$63.4M	$43.8M	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	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	$4.3M	$951K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	$65K	$351K	20x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	$93K	$312K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	$92K	$709K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	$6K	$38K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	$9K	$734K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	$1.3M	$4.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	$47.8M	$5.6M	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	$657K	$784K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0136%	1h	$496K	$5.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	$4.6M	$6.0M	75x	as long as short
Reya ADARUSDPERP	+0.0297%	1h	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0545% / S −0.0369%	1h	$107K	—	100x	as long as short