Funding you earn now, next payment 04:00 UTC−0.0061%/8h= −6.7% APRnext payment −$0.08 per $10,000 · paid last 24h −0.001%
Price spread now: SoDEX against Phoenix−0.554%70s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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—needs both histories
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and SoDEX is 0.554% cheaper against Phoenix than usual: you would sell low and buy high (−$55 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 70 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 | 0.2492 | 0.0161 | pay 0.0020% / 1h | 19m 32s | $4K | $95K | 10x |
| Short | SoDEX ADA-USD | 0.2478 | 0.0100 | get 0.0013% / 1h | 19m 32s | $341 | $13K | 10x |
Phoenix ADA
SoDEX ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
SoDEX 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
- −$12.84
- Price spread: −0.554% → 0.000%
- −$55.37
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$83.21
- Costs to cover
- 0.150%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; SoDEX: 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 SoDEX no order-book sample | — | — | — | — | — |
Phoenix and SoDEX: 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 | 0.2469 | −0.955% | $203K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2474 | −0.734% | $145K | $6.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2477 | −0.600% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2478 | −0.565% | $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 | 0.2475 | −0.694% | $390K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2475 | −0.702% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2472 | −0.795% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2471 | −0.857% | $158K | $170K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2472 | −0.823% | $105.2M | $387.2M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2470 | −0.895% | $74.6M | $114.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2470 | −0.895% | $33.1M | $110.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2470 | −0.895% | $100.4M | $62.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2469 | −0.935% | $58.8M | $62.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2475 | −0.710% | $29.6M | $15.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2470 | −0.895% | $67.3M | $51.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2472 | −0.815% | — | $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 | 0.2480 | −0.508% | $66K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2480 | −0.476% | $301K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2479 | −0.534% | $228K | $755K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2470 | −0.899% | $93K | $631K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2478 | −0.574% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2479 | −0.537% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2479 | −0.536% | $8K | $741K | 30x | as long as short |
| SoDEX ADA-USDshort | +0.0100% | 1h | 0.2478 | −0.554% | $341 | $13K | 10x | |
| HTX ADA-USDT | +0.0100% | 8h | 0.2477 | −0.634% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2479 | −0.534% | $48.3M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2472 | −0.814% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2470 | −0.882% | $538K | $1.8M | 50x | as long as short |
| Phoenix ADAlong | +0.0161% | 1h | 0.2492 | long leg | $4K | $95K | 10x | |
| Backpack ADA_USDC_PERP | +0.0209% | 1h | 0.2475 | −0.682% | $128K | $469K | 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 ADARUSDPERP | +0.0277% | 1h | 0.2469 | −0.935% | $1K | — | 15x | as long as short |
| Hyperliquid ADA | +0.0373% | 1h | 0.2475 | −0.690% | $44.1M | $16.2M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0557% | 1h | 0.2480 | −0.510% | $610K | $533K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0620% / S −0.0580% | 1h | 0.2477 | −0.615% | $139K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Backpack ADA_USDC_PERP
BloFin ADA-USDT
Reya ADARUSDPERP
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]