Funding you earn now, next payment 03:00 UTC−0.0239%/8h= −26.2% APRnext payment −$0.30 per $10,000 · paid last 24h −0.028%
Price spread now: dYdX against Deribit0.000%7-day average −0.048% · you sell dearer than you buy
Net, funding: paid 7d − costs−$333as in the Funding arb table
Net, price: spread back to 7d avg − costs−$318as in the Price arb table
costs, in and out, $10k−$3223.223% of the position
Funding, last 7 days−0.103%−$10 on $10k
+Price spread, last 3 days (all we have)−0.168%−$17 · spread now 0.000%, 7d avg −0.048%
=The price spread pays, funding is against you. dYdX is 0.048% dearer against Deribit than usual: you sell high and buy low (spread 0.000% now, against its 7-day average of −0.048%): +$5 on $10k if it goes back. Holding the pair costs −$7 a day in funding at the current rate, which eats that in about 16 hours. At the pace of the last 7 days (−0.103% in total) that is about 3.2 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.103% in total (about -5.4% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.30 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 | Deribit ADA_USDC-PERPETUAL | 0.2454 | 0.0239 | pay 0.0030% / 1h | 58m 04s | $502K | $470K | 50x |
| Short | dYdX ADA-USD | 0.2454 | 0 | get 0.0000% / 1h | 58m 04s | $202K | $3K | 10x |
Deribit ADA_USDC-PERPETUAL
dYdX ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against Deribit. 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
- −$50.19
- Price spread: 0.000% → −0.048%
- $4.8
- Slippage, 4 orders
- −$305.32
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$367.71
- Costs to cover
- 3.223%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 6 min ago; dYdX: live order book, 6 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 Deribit live order book, 6 min ago | 1.63 bp | 5.1 bp −$5 | 12.5 bp −$125 | doesn't fit | doesn't fit |
| Sell dYdX live order book, 6 min ago | 150.28 bp | 155.3 bp −$155 | 155.3 bp −$1,553 | 155.3 bp −$15.5K | 165.3 bp −$82.7K |
ADA on 36 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 | 0.2454 | 0.000% | $202K | $3K | 10x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2452 | −0.071% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.713% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2452 | −0.061% | $411K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2452 | −0.077% | $42.7M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2452 | −0.046% | $1.2M | $982K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2454 | +0.008% | $157K | $158K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2451 | −0.102% | $102.9M | $367.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2450 | −0.143% | $72.3M | $107.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2450 | −0.143% | $32.6M | $105.6M | 50x | as long as short |
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2449 | −0.183% | $97.9M | $58.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2450 | −0.143% | $65.0M | $53.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2450 | −0.130% | $29.8M | $17.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2450 | −0.143% | $65.6M | $47.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2451 | −0.102% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2451 | −0.098% | $127K | $415K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2456 | +0.105% | $4.2M | $991K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2456 | +0.113% | $65K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2461 | +0.323% | $288K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2455 | +0.061% | $56K | $590K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | +0.020% | $94K | $672K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2452 | −0.061% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | +0.008% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2454 | +0.018% | $9K | $748K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2452 | −0.041% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2453 | −0.028% | $1.3M | $5.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2450 | −0.143% | $47.7M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2449 | −0.166% | $532K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0106% | 8h | 0.2452 | −0.061% | $126K | $6.2M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0107% | 8h | 0.2455 | +0.064% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0128% | 1h | 0.2454 | +0.029% | $2.4M | $1.0M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2457 | +0.143% | $4K | $81K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0239% | 1h | 0.2454 | long leg | $502K | $470K | 50x | |
| Kraken Futures PF_ADAUSD | +0.0262% | 1h | 0.2451 | −0.093% | $6.2M | $12.1M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2453 | −0.040% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0416% / S −0.0202% | 1h | 0.2452 | −0.068% | $95K | — | 100x | as long as short |
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
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
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Lighter ADA
Phoenix ADA
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]