ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0048%/8h= −5.3% APRnext payment −$0.06 per $10,000 · paid last 24h −0.014%

Price spread now: dYdX against Coinbase International+0.135%7-day average +0.012% · you sell dearer than you buy

Net, funding: paid 7d − costs−$343as in the Funding arb table

Net, price: spread back to 7d avg − costs−$330as in the Price arb table

costs, in and out, $10k−$3423.423% of the position

Long on Coinbase International Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 3 days (all we have)−0.200%−$20 · spread now +0.135%, 7d avg +0.012%

Together, before fees−0.206%−$21 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.123% dearer against Coinbase International than usual: you sell high and buy low (spread +0.135% now, against its 7-day average of +0.012%): +$12 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 8.5 days. At the pace of the last 7 days (−0.006% in total) that is about 5 months.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2453	0.0048	pay 0.0006% / 1h	43m 09s	$406K	$7.4M	50x
Short	dYdX ADA-USD	0.2456	0	get 0.0000% / 1h	43m 09s	$202K	$4K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX against Coinbase International. 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 Coinbase InternationalbpFee dYdXbpOrdersPrice spread, now +0.135%Rate

Funding earned: −$10.08
Price spread: +0.135% → +0.012%: $12.29
Slippage, 4 orders: −$322.35
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$340.14
Costs to cover: 3.423%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 1 min ago; dYdX: live order book, 26 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 Coinbase International live order book, 1 min ago	4.07 bp	14.3 bp −$14	19.6 bp −$196	doesn't fit	doesn't fit
Sell dYdX live order book, 26 min ago	75.22 bp	80.2 bp −$80	80.2 bp −$802	82.3 bp −$8,233	137.5 bp −$68.8K

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-USDshort	0.0000%	1h	0.2456	+0.135%	$202K	$4K	10x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2453	+0.015%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.734%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXlong	+0.0048%	1h	0.2453	long leg	$406K	$7.4M	50x
Lighter ADA	+0.0096%	1h	0.2455	+0.094%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2448	−0.188%	$42.6M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	+0.043%	$1.2M	$971K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	+0.090%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2444	−0.375%	$102.1M	$375.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2442	−0.448%	$71.8M	$108.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	−0.408%	$32.5M	$108.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.163%	$98.2M	$58.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2451	−0.082%	$50.2M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	−0.057%	$29.9M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2447	−0.245%	$65.4M	$46.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2449	−0.163%	—	$20.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	−0.171%	$126K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	+0.005%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	+0.209%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.002%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2460	+0.285%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.041%	$93K	$656K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	0.000%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.047%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2456	+0.123%	$9K	$774K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.033%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2455	+0.077%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.122%	$47.7M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2452	−0.025%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2458	+0.190%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0109%	8h	0.2457	+0.163%	$195K	$6.2M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2453	−0.012%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.245%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2455	+0.062%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2452	−0.031%	$6.2M	$12.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0402%	1h	0.2454	+0.049%	$502K	$473K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0622% / S −0.0389%	1h	0.2454	+0.038%	$140K	—	100x	as long as short