ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0063%/8h= +7.0% APRnext payment +$0.08 per $10,000 · paid last 24h +0.003%

Price spread now: Phoenix against SoDEX+0.119%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on SoDEX Short on Phoenix

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—needs both histories

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.119% dearer against SoDEX than usual: you sell high and buy low: +$12 more if the spread 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	0.2438	0.0100	pay 0.0013% / 1h	44m 50s	$335	$13K	10x
Short	Phoenix ADA	0.2441	0.0163	get 0.0020% / 1h	44m 50s	$4K	$111K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix against SoDEX. 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 SoDEXbpFee PhoenixbpOrdersPrice spread, now +0.119%Rate

Funding earned: $13.33
Price spread: +0.119% → 0.000%: $11.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $10.23
Costs to cover: 0.150%
Break-even: 1.6 days

Slippage unknown: SoDEX: no order-book sample; Phoenix: live order book, 3 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 Phoenix live order book, 3 min ago	0.82 bp	13.2 bp −$13	44.8 bp −$448	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
Kalshi KXADAPERP	0.0000%	8h	0.2436	−0.082%	$208K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2438	+0.015%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.354%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2438	0.000%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2436	−0.086%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2431	−0.285%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2437	−0.041%	$102.5M	$411.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2436	−0.082%	$72.2M	$125.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2437	−0.041%	$32.4M	$118.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2434	−0.164%	$99.5M	$64.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2436	−0.082%	$51.8M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2436	−0.074%	$29.4M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2435	−0.123%	$66.1M	$53.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2436	−0.082%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	+0.021%	$139K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2430	−0.325%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2436	−0.068%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2437	−0.058%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2439	+0.041%	$81K	$890K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2437	−0.062%	$124K	$1.2M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2439	+0.046%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2440	+0.080%	$8K	$765K	30x	as long as short
SoDEX ADA-USDlong	+0.0100%	1h	0.2438	long leg	$335	$13K	10x
HTX ADA-USDT	+0.0100%	8h	0.2432	−0.247%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2437	−0.041%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2434	−0.145%	$512K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2431	−0.276%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2437	−0.041%	$383K	$8.6M	50x	as long as short
dYdX ADA-USD	+0.0123%	1h	0.2429	−0.357%	$200K	$2K	10x	as long as short
Lighter ADA	+0.0128%	1h	0.2440	+0.078%	$2.4M	$1.0M	10x	as long as short
Phoenix ADAshort	+0.0163%	1h	0.2441	+0.119%	$4K	$111K	10x
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2439	+0.024%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2436	−0.082%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2437	−0.040%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0293%	1h	0.2439	+0.025%	$42.8M	$18.2M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0728%	1h	0.2438	+0.004%	$163K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0776%	1h	0.2440	+0.086%	$621K	$612K	50x	as long as short