Funding you earn now, next payment 06:00 UTC−0.0347%/8h= −38.0% APRnext payment −$0.43 per $10,000 · paid last 24h −0.081%
Price spread now: Pacifica against Deribit+0.019%7-day average −0.021% · you sell dearer than you buy
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$31as in the Price arb table
costs, in and out, $10k−$350.348% of the position
Funding, last 7 days−0.009%−$1 on $10k
+Price spread, last 4 days (all we have)−0.151%−$15 · spread now +0.019%, 7d avg −0.021%
=Together, before fees−0.160%+ Points / potential airdropPacifica: Active · farm board−$16 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Pacifica is 0.040% dearer against Deribit than usual: you sell high and buy low (spread +0.019% now, against its 7-day average of −0.021%): +$4 on $10k if it goes back. Holding the pair costs −$10 a day in funding at the current rate, which eats that in about 9 hours. At the pace of the last 7 days (−0.009% in total) that is about 32 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid -0.009% in total (about -0.5% a year). A funding rate is set anew for every payment; at this rate the next one is about −$0.43 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 | 0.2440 | 0.0447 | pay 0.0056% / 1h | 16m 24s | $608K | $597K | 50x |
| Short | Pacifica ADA | 0.2441 | 0.0100 | get 0.0013% / 1h | 16m 24s | $156K | $176K | 10x |
Deribit ADA_USDC-PERPETUAL
Pacifica ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Pacifica 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
- −$72.87
- Price spread: +0.019% → −0.021%
- $4.04
- Slippage, 4 orders
- −$19.78
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$103.6
- Costs to cover
- 0.348%
- Break-even
- never at this rate
Slippage from Deribit: live order book, 32 min ago; Pacifica: live order book, 31 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, 32 min ago | 4.85 bp | 8.9 bp −$9 | 14.7 bp −$147 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 31 min ago | 2.63 bp | 9.4 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2439 | −0.053% | $190K | $7.5M | 3.2x | as long as short |
| dYdX ADA-USD | +0.0002% | 1h | 0.2441 | +0.009% | $201K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2439 | −0.036% | $83K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0020% | 1h | 0.2439 | −0.045% | $6.3M | $13.7M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2441 | +0.045% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.258% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2440 | +0.008% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2442 | +0.061% | $42.1M | $17.5M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2440 | −0.003% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADAshort | +0.0100% | 1h | 0.2441 | +0.019% | $156K | $176K | 10x |
Kalshi KXADAPERP
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2441 | +0.033% | $102.7M | $407.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2440 | −0.012% | $71.7M | $123.7M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2442 | +0.070% | $32.4M | $117.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2439 | −0.053% | $98.9M | $64.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2441 | +0.029% | $52.5M | $65.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2440 | −0.008% | $29.3M | $15.7M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2441 | +0.029% | $66.3M | $53.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2440 | −0.012% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2439 | −0.041% | $126K | $476K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2427 | −0.542% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2430 | −0.408% | $65K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2438 | −0.094% | $286K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2439 | −0.053% | $84K | $887K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2440 | −0.020% | $118K | $1.0M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2439 | −0.053% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2439 | −0.039% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2440 | −0.014% | $8K | $763K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2440 | −0.033% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2439 | −0.052% | $1.3M | $6.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2438 | −0.094% | $47.3M | $7.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2441 | +0.044% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2440 | −0.019% | $521K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2438 | −0.094% | $380K | $8.5M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2442 | +0.070% | $4.4M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0275% | 1h | 0.2441 | +0.030% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | +0.0447% | 1h | 0.2440 | long leg | $608K | $597K | 50x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0640% / S −0.0714% | 1h | 0.2438 | −0.100% | $161K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
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
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]