Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h 0.000%
Price spread now: Injective against Variational Omni−0.124%46s7-day average −0.270% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)−0.039%−$4 on $10k
+Price spread, last 4 days (all we have)−0.523%−$52 · spread now −0.124%, 7d avg −0.270%
=Together, before fees−0.561%+ Points / potential airdropVariational Omni: Active · farm board−$56 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.146% dearer against Variational Omni than usual: you sell high and buy low (spread −0.124% now, against its 7-day average of −0.270%): +$15 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 7.3 days. The two prices were read 46 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 | Variational Omni ADA | 0.2474 | 0.0100 | pay 0.0100% / 8h | 3h 02m | $4.3M | $1.1M | — |
| Short | Injective ADA/USDC PERP | 0.2471 | 0.0033 | get 0.0004% / 1h | 2m 23s | $849 | $202K | 12x |
Variational Omni ADA
Injective ADA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Variational Omni. 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
- −$14
- Price spread: −0.124% → −0.270%
- $14.64
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $0.62
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Variational Omni: RFQ quote, 2 min ago; Injective: 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 Variational Omni RFQ quote, 2 min ago | 8.08 bp | doesn't fit | 12.1 bp −$121 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 | 0.2466 | −0.344% | $203K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2471 | −0.124% | $136K | $6.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2464 | −0.389% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2469 | −0.222% | $6.3M | $13.2M | 50x | as long as short |
| Injective ADA/USDC PERPshort | +0.0033% | 1h | 0.2471 | −0.124% | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2467 | −0.286% | $404K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2467 | −0.265% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2466 | −0.333% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2466 | −0.334% | $158K | $170K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2466 | −0.326% | $103.9M | $391.7M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
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 | 0.2464 | −0.407% | $73.7M | $116.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2466 | −0.326% | $33.0M | $111.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2464 | −0.407% | $99.8M | $63.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2465 | −0.366% | $59.1M | $62.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2465 | −0.366% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2465 | −0.366% | $66.9M | $51.7M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2465 | −0.366% | — | $6.5M | — | as long as short |
| Variational Omni ADAlong | +0.0100% | 8h | 0.2474 | long leg | $4.3M | $1.1M | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2474 | 0.000% | $66K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2473 | −0.035% | $290K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2469 | −0.205% | $228K | $757K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2466 | −0.334% | $93K | $632K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2469 | −0.205% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2469 | −0.195% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2470 | −0.166% | $8K | $748K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2469 | −0.225% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2468 | −0.243% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2468 | −0.245% | $48.1M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2466 | −0.315% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2463 | −0.433% | $536K | $1.8M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0127% | 1h | 0.2468 | −0.249% | $123K | $471K | 15x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2475 | +0.030% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2476 | +0.078% | $4.5M | $5.8M | 75x | as long as short |
| Hyperliquid ADA | +0.0235% | 1h | 0.2467 | −0.282% | $43.9M | $16.3M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0236% | 1h | 0.2469 | −0.193% | $607K | $533K | 50x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2466 | −0.346% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0585% | 1h | 0.2465 | −0.381% | $140K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Backpack ADA_USDC_PERP
Phoenix ADA
BloFin ADA-USDT
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]