Funding you earn now, next payment 02:00 UTC−0.0505%/8h= −55.3% APRpaid last 24h −0.004%
Price spread now: MEXC against Deribit−0.004%7-day average −0.045% · you buy dearer than you sell
Net, funding: paid 7d − costs−$18as in the Funding arb table
Net, price: spread back to 7d avg − costs−$13as in the Price arb table
costs, in and out, $10k−$170.170% of the position
Funding, last 7 days−0.008%−$1 on $10k
+Price spread, last 3 days (all we have)−0.085%−$8 · spread now −0.004%, 7d avg −0.045%
=The price spread pays, funding is against you. MEXC is 0.041% dearer against Deribit than usual: you sell high and buy low (spread −0.004% now, against its 7-day average of −0.045%): +$4 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 6 hours. At the pace of the last 7 days (−0.008% in total) that is about 37 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.008% in total (about -0.4% a year). A funding rate is set anew for every payment. 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 | 0.2457 | 0.0605 | pay 0.0076% / 1h | 44m 16s | $502K | $473K | 50x |
| Short | MEXC ADA_USDT | 0.2457 | 0.0100 | get 0.0100% / 8h | 6h 44m | $50.3M | $50.7M | 300x |
Deribit ADA_USDC-PERPETUAL
MEXC ADA_USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
MEXC 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
- −$106.05
- Price spread: −0.004% → −0.045%
- $4.1
- Slippage, 4 orders
- −$10.01
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$118.95
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 24 min ago; MEXC: live order book, 10 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, 24 min ago | 2.62 bp | 6.4 bp −$6 | 13.0 bp −$130 | doesn't fit | doesn't fit |
| Sell MEXC live order book, 10 min ago | 2.05 bp | 2.0 bp −$2 | 4.9 bp −$49 | 20.2 bp −$2,023 | 62.6 bp −$31.3K |
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 | 0.2450 | −0.304% | $202K | $4K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | −0.109% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.566% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2452 | −0.208% | $410K | $7.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2459 | +0.057% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2458 | +0.039% | $42.8M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2454 | −0.108% | $1.2M | $969K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2451 | −0.260% | $159K | $158K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2458 | +0.019% | $102.7M | $375.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2457 | −0.004% | $72.3M | $108.4M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2459 | +0.077% | $32.6M | $108.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2457 | −0.004% | $98.4M | $58.8M | 75x | as long as short |
| MEXC ADA_USDTshort | +0.0100% | 8h | 0.2457 | −0.004% | $50.3M | $50.7M | 300x | |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2456 | −0.033% | $30.0M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2458 | +0.037% | $65.7M | $46.6M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2458 | +0.037% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2459 | +0.057% | $126K | $422K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2453 | −0.162% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2458 | +0.041% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2457 | +0.005% | $296K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2460 | +0.118% | $56K | $588K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2453 | −0.163% | $93K | $656K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2456 | −0.045% | $6K | $28K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2457 | −0.011% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.126% | $9K | $773K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2457 | −0.004% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2457 | +0.012% | $1.3M | $5.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2456 | −0.045% | $47.8M | $6.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2458 | +0.032% | $533K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0105% | 8h | 0.2451 | −0.238% | $21K | $250 | 20x | as long as short |
| Kalshi KXADAPERP | +0.0109% | 8h | 0.2453 | −0.167% | $195K | $6.2M | 3.2x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2457 | +0.016% | $4K | $87K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2459 | +0.077% | $4.4M | $5.6M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0281% | 1h | 0.2453 | −0.166% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0354% | 1h | 0.2456 | −0.025% | $6.2M | $12.1M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0605% | 1h | 0.2457 | long leg | $502K | $473K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0622% / S −0.0389% | 1h | 0.2453 | −0.158% | $140K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate 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
Paradex ADA-USD-PERP
Kalshi KXADAPERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]