ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0015%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h 0.000%

Price spread now: Polymarket Perps against Deribit−0.110%48s7-day average −0.041% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$310.308% of the position

Long on Deribit Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 7 days−0.183%−$18 on $10k

Price spread, last 3 days (all we have)0.000%$0 · spread now −0.110%, 7d avg −0.041%

Together, before fees−0.183%−$18 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs $0 a day on $10k at the current rate, and Polymarket Perps is 0.068% cheaper against Deribit than usual: you would sell low and buy high (−$7 if the spread goes back to its 7-day average of −0.041%). Swap the legs. The two prices were read 48 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ADA_USDC-PERPETUAL	0.2463	0.0115	pay 0.0014% / 1h	42m 30s	$501K	$424K	50x
Short	Polymarket Perps ADA-USD	0.2461	0.0100	get 0.0013% / 1h	42m 30s	$96K	$625K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.110%Rate

Funding earned: −$3.15
Price spread: −0.110% → −0.041%: −$6.85
Slippage, 4 orders: −$15.81
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$40.8
Costs to cover: 0.308%
Break-even: never at this rate

Slippage from Deribit: live order book, 36 min ago; Polymarket Perps: live order book, 35 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, 36 min ago	2.85 bp	9.6 bp −$10	16.0 bp −$160	doesn't fit	doesn't fit
Sell Polymarket Perps live order book, 35 min ago	0.20 bp	6.6 bp −$7	9.0 bp −$90	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
dYdX ADA-USD	0.0000%	1h	0.2462	−0.057%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2467	+0.150%	$168K	$6.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	−0.126%	$85K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2465	+0.069%	$407K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	−0.093%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2462	−0.051%	$42.6M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2461	−0.081%	$1.2M	$924K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	−0.082%	$158K	$144K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2462	−0.062%	$102.3M	$362.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2460	−0.134%	$71.8M	$102.7M	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	0.2461	−0.093%	$32.4M	$107.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.134%	$97.7M	$59.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	−0.134%	$53.1M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	−0.114%	$30.3M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2461	−0.093%	$66.0M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2460	−0.134%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	−0.028%	$109K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2468	+0.199%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2468	+0.197%	$66K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2467	+0.169%	$299K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2469	+0.231%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2461	−0.110%	$96K	$625K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2463	−0.012%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2463	−0.009%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	−0.013%	$9K	$762K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	−0.057%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2466	+0.110%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2462	−0.053%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2461	−0.080%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	−0.091%	$557K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2461	−0.080%	$6.2M	$11.6M	50x	as long as short
Deribit ADA_USDC-PERPETUALlong	+0.0115%	1h	0.2463	long leg	$501K	$424K	50x
Phoenix ADA	+0.0130%	1h	0.2468	+0.191%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2465	+0.069%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.313%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2460	−0.130%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0566% / S −0.0313%	1h	0.2460	−0.138%	$122K	—	100x	as long as short