Funding you earn now, next payment 05:00 UTC−0.0018%/8h= −1.9% APRpaid last 24h 0.000%
Price spread now: Paradex against Backpack−0.081%7-day average — · 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)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and Paradex is 0.081% cheaper against Backpack than usual: you would sell low and buy high (−$8 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ADA_USDC_PERP | 0.2468 | 0.0118 | pay 0.0015% / 1h | 0m 53s | $123K | $456K | 15x |
| Short | Paradex ADA-USD-PERP | 0.2466 | 0.0101 | get 0.0101% / 8h | 3h 00m | $21K | $250 | 20x |
Backpack ADA_USDC_PERP
Paradex ADA-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Backpack. 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
- −$3.7
- Price spread: −0.081% → 0.000%
- −$8.12
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$25.82
- Costs to cover
- 0.140%
- Break-even
- never at this rate
Slippage unknown: Backpack: live order book, 53 min ago; Paradex: 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 Backpack live order book, 53 min ago | 2.19 bp | 7.2 bp −$7 | 8.3 bp −$83 | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | 0.2464 | −0.159% | $203K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2466 | −0.085% | $136K | $6.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2466 | −0.070% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2467 | −0.037% | $6.3M | $13.2M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.117% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2465 | −0.126% | $404K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2469 | +0.032% | $2.4M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2466 | −0.085% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2466 | −0.086% | $158K | $170K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2466 | −0.101% | $103.9M | $391.8M | 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 | 0.2465 | −0.126% | $73.9M | $116.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2465 | −0.126% | $33.0M | $111.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2464 | −0.166% | $99.7M | $63.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2465 | −0.126% | $59.2M | $62.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2466 | −0.077% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2465 | −0.126% | $66.9M | $51.7M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2466 | −0.085% | — | $6.5M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2466 | −0.082% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2471 | +0.109% | $66K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2473 | +0.207% | $290K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2467 | −0.045% | $227K | $757K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2467 | −0.032% | $93K | $633K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2467 | −0.045% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2468 | −0.013% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2468 | −0.004% | $8K | $747K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2467 | −0.024% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2467 | −0.064% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2467 | −0.045% | $48.1M | $7.0M | 50x | as long as short |
| Paradex ADA-USD-PERPshort | +0.0101% | 8h | 0.2466 | −0.081% | $21K | $250 | 20x | |
| Extended ADA-USD | +0.0104% | 1h | 0.2465 | −0.132% | $536K | $1.8M | 50x | as long as short |
| Backpack ADA_USDC_PERPlong | +0.0118% | 1h | 0.2468 | long leg | $123K | $456K | 15x | |
| Phoenix ADA | +0.0161% | 1h | 0.2470 | +0.085% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2466 | −0.085% | $4.5M | $5.8M | 75x | as long as short |
| Hyperliquid ADA | +0.0225% | 1h | 0.2467 | −0.055% | $43.9M | $16.3M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2467 | −0.044% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0480% | 1h | 0.2469 | +0.016% | $607K | $533K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0585% | 1h | 0.2467 | −0.058% | $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
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
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Phoenix ADA
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]