ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0116%/8h= +12.7% APRnext payment +$0.14 per $10,000 · paid last 24h +0.057%

Price spread now: Reya against Phoenix−0.495%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 Reya

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—+ Points / potential airdropReya: Active · farm boardneeds both histories

Funding pays, the price is against you. Reya is 0.495% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.495% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$49 on $10k: about 14 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ADA	0.2492	0.0161	pay 0.0020% / 1h	20m 40s	$4K	$95K	10x
Short	Reya ADARUSDPERP	0.2480	0.0277	get 0.0035% / 1h	20m 40s	$1K	—	15x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Reya 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 ReyabpOrdersPrice spread, now −0.495%Rate

Funding earned: $24.31
Price spread: −0.495% → 0.000%: −$49.47
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Reya: 3 bp × 2 orders: −$6
Net: −$38.16
Costs to cover: 0.130%
Break-even: 18.0 days

Slippage unknown: Phoenix: no order-book sample; Reya: no order-book sample. 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 Reya no order-book sample	—	—	—	—	—

Phoenix and Reya: 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	0.2475	−0.712%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2481	−0.453%	$146K	$6.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2478	−0.559%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2479	−0.536%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.855%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2478	−0.574%	$393K	$8.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2475	−0.686%	$2.5M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2476	−0.660%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2475	−0.700%	$159K	$169K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2477	−0.595%	$105.4M	$386.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2477	−0.614%	$74.8M	$114.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2480	−0.494%	$33.1M	$111.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2476	−0.654%	$100.5M	$61.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2477	−0.614%	$59.8M	$62.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2473	−0.778%	$29.6M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2478	−0.574%	$67.5M	$51.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2478	−0.574%	—	$19.9M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2477	−0.611%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2486	−0.234%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2486	−0.253%	$301K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2486	−0.253%	$229K	$755K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2480	−0.498%	$94K	$630K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2479	−0.534%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2480	−0.506%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2480	−0.496%	$8K	$740K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2480	−0.514%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2479	−0.514%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2478	−0.574%	$48.3M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2478	−0.561%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2478	−0.560%	$538K	$1.8M	50x	as long as short
Phoenix ADAlong	+0.0161%	1h	0.2492	long leg	$4K	$95K	10x
Backpack ADA_USDC_PERP	+0.0216%	1h	0.2478	−0.586%	$130K	$468K	15x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2479	−0.534%	$4.6M	$5.8M	75x	as long as short
Reya ADARUSDPERPshort	+0.0277%	1h	0.2480	−0.495%	$1K	—	15x
Hyperliquid ADA	+0.0380%	1h	0.2475	−0.706%	$44.1M	$16.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0436%	1h	0.2480	−0.473%	$610K	$533K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0621% / S −0.0580%	1h	0.2479	−0.550%	$140K	—	100x	as long as short