ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0624%/8h= −68.3% APRnext payment −$0.78 per $10,000 · paid last 24h −0.001%

Price spread now: Derive against Deribit−0.095%7-day average — · you buy dearer than you sell

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

Long on Deribit Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Both sides work against this trade now: funding costs −$19 a day on $10k at the current rate, and Derive is 0.095% cheaper against Deribit than usual: you would sell low and buy high (−$9 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	Deribit ADA_USDC-PERPETUAL	0.2465	0.0724	pay 0.0091% / 1h	21m 35s	$479K	$353K	50x
Short	Derive ADA-PERP	0.2463	0.0100	get 0.0013% / 1h	21m 35s	$40K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Deribit. 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 DeribitbpFee DerivebpOrdersPrice spread, now −0.095%Rate

Funding earned: −$131.04
Price spread: −0.095% → 0.000%: −$9.5
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Derive: 3 bp × 2 orders: −$6
Net: −$153.54
Costs to cover: 0.130%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 2 min ago; Derive: 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 Deribit live order book, 2 min ago	3.05 bp	6.6 bp −$7	13.0 bp −$130	doesn't fit	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	0.2463	−0.105%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2458	−0.304%	$153K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2462	−0.145%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2460	−0.223%	$412K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2463	−0.085%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2460	−0.223%	$42.7M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2464	−0.072%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2462	−0.135%	$157K	$147K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2462	−0.142%	$101.7M	$354.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2461	−0.183%	$70.8M	$99.8M	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	0.2460	−0.223%	$32.0M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2461	−0.183%	$97.4M	$57.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2461	−0.183%	$52.8M	$56.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2463	−0.097%	$30.4M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	−0.264%	$65.8M	$42.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2462	−0.142%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2464	−0.069%	$101K	$409K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.369%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	−0.424%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	−0.461%	$289K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2456	−0.385%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	−0.178%	$97K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2463	−0.101%	$6K	$36K	20x	as long as short
Derive ADA-PERPshort	+0.0100%	1h	0.2463	−0.095%	$40K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	0.2458	−0.303%	$9K	$756K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	−0.122%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2461	−0.163%	$1.3M	$5.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2463	−0.101%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2463	−0.094%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.153%	$559K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2464	−0.065%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	−0.345%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0286%	1h	0.2459	−0.272%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0335%	1h	0.2463	−0.109%	$6.2M	$11.4M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0505% / S −0.0263%	1h	0.2462	−0.131%	$110K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2440	−1.034%	$838	$131K	12x	as long as short
Deribit ADA_USDC-PERPETUALlong	+0.0724%	1h	0.2465	long leg	$479K	$353K	50x