ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0007%/8h= −0.7% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%

Price spread now: Injective against Coinbase International−0.323%7-day average −0.297% · you buy dearer than you sell

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

Long on Coinbase International Short on Injective

What this pair did over the last

the charts below follow

Funding, last 7 days+0.072%+$7 on $10k

Price spread, last 3 days (all we have)−0.769%−$77 · spread now −0.323%, 7d avg −0.297%

Together, before fees−0.697%−$70 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Injective is 0.025% cheaper against Coinbase International than usual: you would sell low and buy high, −$3 on $10k if it goes back to its 7-day average of −0.297%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2479	0.0040	pay 0.0005% / 1h	7m 16s	$424K	$7.3M	50x
Short	Injective ADA/USDC PERP	0.2471	0.0033	get 0.0004% / 1h	7m 16s	$849	$202K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 InjectivebpOrdersPrice spread, now −0.323%Rate

Funding earned: −$1.4
Price spread: −0.323% → −0.297%: −$2.54
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: −$13.96
Costs to cover: 0.100%
Break-even: never at this rate

Slippage unknown: Coinbase International: live order book, 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 Coinbase International live order book, 2 min ago	4.03 bp	15.9 bp −$16	20.7 bp −$207	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	0.2478	−0.036%	$204K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2477	−0.063%	$85K	—	150x	as long as short
Injective ADA/USDC PERPshort	+0.0033%	1h	0.2471	−0.323%	$849	$202K	12x
Coinbase International ADA-PERP-INTXlong	+0.0040%	1h	0.2479	long leg	$424K	$7.3M	50x
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2479	−0.012%	$6.3M	$11.8M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2481	+0.093%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2479	+0.007%	$1.2M	$956K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2479	−0.020%	$159K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2479	0.000%	$103.4M	$368.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2478	−0.040%	$72.7M	$105.2M	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	0.2479	0.000%	$32.8M	$108.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2477	−0.081%	$99.4M	$60.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2478	−0.040%	$54.7M	$52.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2479	−0.016%	$30.4M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2478	−0.040%	$66.9M	$44.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2478	−0.040%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	−0.004%	$138K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2477	−0.077%	$4.3M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2483	+0.161%	$66K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2483	+0.164%	$297K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2483	+0.161%	$56K	$586K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2477	−0.077%	$94K	$651K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2478	−0.040%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2480	+0.022%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2480	+0.041%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2479	+0.008%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2479	−0.016%	$1.3M	$5.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2478	−0.040%	$48.3M	$6.2M	50x	as long as short
Kalshi KXADAPERP	+0.0100%	8h	0.2479	0.000%	$207K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2479	−0.005%	$540K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2480	+0.040%	$21K	$250	20x	as long as short
Lighter ADA	+0.0184%	1h	0.2481	+0.069%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2480	+0.040%	$4.5M	$5.7M	75x	as long as short
Hyperliquid ADA	+0.0243%	1h	0.2480	+0.038%	$43.3M	$14.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0275%	1h	0.2479	+0.008%	$495K	$454K	50x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2478	−0.060%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0393%	1h	0.2477	−0.086%	$143K	—	100x	as long as short