ADA

Alert

Funding spread now, next payment 15:00 UTC+0.0034%/8h

paid, last 24h+0.025%paid, last 5 days+0.124%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ADA	0.2454	0.0066	pay 0.0008% / 1h	7m 14s	$4K	$103K	10x
Short	Orderly PERP_ADA_USDC	0.2450	0.0100	get 0.0100% / 8h	7m 14s	$6K	$36K	20x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee PhoenixbpFee OrderlybpOrdersRate

Funding earned: $7.24
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Orderly: 3 bp × 2 orders: −$6
Net: −$5.76
Break-even: 12.6 days

Slippage unknown: Phoenix: live order book, 30 min ago; Orderly: no order-book sample. Net counts fees only.

Price risk

price view

Price gap now: −0.159%
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 live order book, 30 min ago	0.82 bp	13.2 bp −$13	52.4 bp −$524	doesn't fit	doesn't fit
Sell Orderly no order-book sample	—	—	—	—	—

Orderly: 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	$99K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	$89K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0036%	1h	$470K	$424K	50x	as long as short
Phoenix ADAlong	+0.0066%	1h	$4K	$103K	10x
Gate ADA_USDT	+0.0070%	8h	$95.2M	$60.1M	75x	as long as short
dYdX ADA-USD	+0.0071%	1h	$203K	$2K	10x	as long as short
Lighter ADA	+0.0096%	1h	$2.3M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	$42.2M	$16.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	$1.1M	$1.4M	75x	as long as short
Pacifica ADA	+0.0100%	1h	$161K	$180K	10x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	$101.8M	$366.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	$71.3M	$112.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	$32.1M	$108.6M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	$51.8M	$64.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	$30.2M	$21.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	$64.6M	$46.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	$103K	$431K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	$65K	$276K	20x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	$229K	$450K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	$94K	$735K	10x	as long as short
Orderly PERP_ADA_USDCshort	+0.0100%	8h	$6K	$36K	20x
Derive ADA-PERP	+0.0100%	1h	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	$10K	$808K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	$47.9M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	$606K	$1.7M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	$443K	$6.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	$4.5M	$6.3M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0222%	1h	$5.9M	$11.3M	50x	as long as short
Reya ADARUSDPERP	+0.0294%	1h	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0535% / S −0.0286%	1h	$115K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0558%	1h	$832	$124K	12x	as long as short