Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h 0.000%
Price spread now: Backpack against SoDEX−0.137%7-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
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Backpack is 0.137% cheaper against SoDEX than usual: you would sell low and buy high, −$14 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ADA-USD | 0.2475 | 0.0100 | pay 0.0013% / 1h | 13m 10s | $340 | $13K | 10x |
| Short | Backpack ADA_USDC_PERP | 0.2471 | 0.0100 | get 0.0013% / 1h | 13m 10s | $133K | $435K | 15x |
SoDEX ADA-USD
Backpack ADA_USDC_PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Backpack against SoDEX. 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
- $0
- Price spread: −0.137% → 0.000%
- −$13.74
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.74
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: SoDEX: no order-book sample; Backpack: live order book, 51 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell Backpack live order book, 51 min ago | 0.61 bp | 6.0 bp −$6 | 9.2 bp −$92 | doesn't fit | doesn't fit |
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 | 0.2476 | +0.070% | $204K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2474 | −0.005% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.141% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2476 | +0.061% | $413K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2476 | +0.067% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2477 | +0.111% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2471 | −0.137% | $104.9M | $371.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2468 | −0.263% | $72.0M | $110.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2470 | −0.182% | $32.9M | $106.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2475 | +0.020% | $99.5M | $60.6M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | +0.0100% | 8h | 0.2468 | −0.263% | $58.5M | $60.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2469 | −0.218% | $29.7M | $16.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2469 | −0.222% | $66.3M | $49.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2476 | +0.061% | — | $20.0M | — | as long as short |
| Backpack ADA_USDC_PERPshort | +0.0100% | 1h | 0.2471 | −0.137% | $133K | $435K | 15x | |
| Variational Omni ADA | +0.0100% | 8h | 0.2480 | +0.223% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2481 | +0.259% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2481 | +0.263% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2480 | +0.222% | $229K | $736K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2477 | +0.093% | $95K | $679K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2475 | +0.020% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2476 | +0.042% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2475 | +0.021% | $8K | $745K | 30x | as long as short |
| SoDEX ADA-USDlong | +0.0100% | 1h | 0.2475 | long leg | $340 | $13K | 10x | |
| HTX ADA-USDT | +0.0100% | 8h | 0.2475 | +0.026% | $1.3M | $6.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2475 | +0.020% | $48.2M | $6.5M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0100% | 8h | 0.2476 | +0.061% | $160K | $6.3M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2475 | +0.015% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2478 | +0.134% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0134% | 1h | 0.2479 | +0.166% | $43.1M | $14.5M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2477 | +0.109% | $4K | $90K | 10x | as long as short |
| Lighter ADA | +0.0168% | 1h | 0.2476 | +0.057% | $2.4M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2476 | +0.061% | $4.5M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0259% | 1h | 0.2474 | −0.002% | $6.3M | $12.7M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2476 | +0.060% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0437% | 1h | 0.2476 | +0.061% | $585K | $442K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0486% / S −0.0279% | 1h | 0.2474 | −0.023% | $108K | — | 100x | as long as short |
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
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
Lighter ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]