Funding you earn now, next payment 02:00 UTC+0.0302%/8h= +33.1% APRnext payment +$0.38 per $10,000 · paid last 24h +0.004%
Price spread now: Deribit against ApeX Omni+0.196%74s7-day average +0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$42as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$370.371% of the position
Funding, last 7 days−0.053%−$5 on $10k
+Price spread, last 3 days (all we have)−0.069%−$7 · spread now +0.196%, 7d avg +0.025%
=Both sides work for this trade now. Funding pays +$9 a day on $10k at the current rate, and Deribit is 0.171% dearer against ApeX Omni than usual: you sell high and buy low: +$17 more if the spread goes back to its 7-day average of +0.025%. Mind the row above: over the last 7 days funding on this pair cost −0.053%, so the current rate has only just turned in your favour. The two prices were read 74 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.053% in total (about -2.8% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.38 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | ApeX Omni ADAUSDT | 0.2451 | 0.0100 | pay 0.0013% / 1h | 48m 08s | $56K | $587K | 50x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2456 | 0.0402 | get 0.0050% / 1h | 48m 08s | $499K | $470K | 50x |
ApeX Omni ADAUSDT
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against ApeX 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
- $63.42
- Price spread: +0.196% → +0.025%
- $17.1
- Slippage, 4 orders
- −$20.13
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $43.39
- Costs to cover
- 0.371%
- Break-even
- 2.2 days
Slippage from ApeX Omni: live order book, 20 min ago; Deribit: live order book, 21 min ago.
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 ApeX Omni live order book, 20 min ago | 4.04 bp | 12.9 bp −$13 | 37.1 bp −$371 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 21 min ago | 2.62 bp | 6.5 bp −$6 | 14.3 bp −$143 | doesn't fit | doesn't fit |
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 | 0.2457 | +0.257% | $202K | $4K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2452 | +0.056% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.816% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2455 | +0.163% | $410K | $7.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2458 | +0.286% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2460 | +0.363% | $42.8M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2455 | +0.172% | $1.2M | $968K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2457 | +0.253% | $159K | $158K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2458 | +0.304% | $102.4M | $375.1M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2457 | +0.245% | $72.4M | $108.1M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2459 | +0.326% | $32.5M | $108.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2457 | +0.245% | $98.5M | $58.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2457 | +0.245% | $50.4M | $50.6M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2458 | +0.290% | $30.1M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2458 | +0.286% | $65.6M | $46.5M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2459 | +0.326% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2458 | +0.286% | $126K | $423K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2450 | −0.036% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2444 | −0.303% | $65K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2444 | −0.286% | $291K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDTlong | +0.0100% | 1h | 0.2451 | long leg | $56K | $587K | 50x | |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2455 | +0.167% | $93K | $656K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | +0.122% | $6K | $28K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2456 | +0.216% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2458 | +0.286% | $9K | $773K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2457 | +0.224% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2456 | +0.220% | $1.3M | $5.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2457 | +0.245% | $47.8M | $6.4M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0104% | 8h | 0.2459 | +0.326% | $195K | $6.2M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2456 | +0.219% | $533K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2456 | +0.221% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2457 | +0.265% | $4K | $87K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2459 | +0.326% | $4.4M | $5.6M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2453 | +0.062% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0354% | 1h | 0.2456 | +0.212% | $6.2M | $12.0M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0402% | 1h | 0.2456 | +0.196% | $499K | $470K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0622% / S −0.0389% | 1h | 0.2453 | +0.064% | $140K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]