Funding you earn now, next payment 05:00 UTC+0.0722%/8h= +79.1% APRnext payment +$0.90 per $10,000 · paid last 24h +0.078%
Price spread now: Deribit against Derive+0.046%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
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 for this trade now. Funding pays +$22 a day on $10k at the current rate, and Deribit is 0.046% dearer against Derive than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ADA-PERP | 0.2520 | 0.0100 | pay 0.0013% / 1h | 51m 35s | $41K | $2K | 5x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2521 | 0.0822 | get 0.0103% / 1h | 51m 35s | $626K | $506K | 50x |
Derive ADA-PERP
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Derive. 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
- $151.62
- Price spread: +0.046% → 0.000%
- $4.56
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $143.18
- Costs to cover
- 0.130%
- Break-even
- 0.4 days
Slippage unknown: Derive: no order-book sample; Deribit: live order book, 2 min ago. 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 Derive no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 2 min ago | 2.19 bp | 5.9 bp −$6 | 17.1 bp −$171 | doesn't fit | doesn't fit |
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 | 0.2513 | −0.305% | $207K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2516 | −0.169% | $231K | $6.6M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2516 | −0.155% | $88K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0025% | 1h | 0.2519 | −0.055% | $6.5M | $12.7M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.954% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2519 | −0.050% | $413K | $8.1M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2516 | −0.187% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2515 | −0.212% | $163K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2514 | −0.255% | $105.9M | $378.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2512 | −0.327% | $74.0M | $110.4M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
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 | 0.2513 | −0.288% | $33.7M | $109.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2514 | −0.248% | $101.8M | $59.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2514 | −0.248% | $62.0M | $60.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2515 | −0.192% | $30.3M | $15.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2514 | −0.248% | $68.0M | $50.2M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2512 | −0.327% | — | $6.5M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2489 | −1.237% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2507 | −0.527% | $67K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2506 | −0.576% | $296K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2508 | −0.486% | $231K | $749K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2518 | −0.073% | $98K | $695K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2518 | −0.089% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERPlong | +0.0100% | 1h | 0.2520 | long leg | $41K | $2K | 5x | |
| SunX ADA-USDT | +0.0100% | 8h | 0.2521 | +0.027% | $9K | $733K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2520 | −0.010% | $347 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2517 | −0.127% | $1.4M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2518 | −0.089% | $49.1M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2512 | −0.316% | $546K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0115% | 8h | 0.2517 | −0.145% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2478 | −1.672% | $4K | $95K | 10x | as long as short |
| Lighter ADA | +0.0176% | 1h | 0.2517 | −0.129% | $2.5M | $1.1M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2514 | −0.248% | $4.6M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2518 | −0.090% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0356% | 1h | 0.2519 | −0.058% | $142K | $455K | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0602% / S −0.0547% | 1h | 0.2516 | −0.181% | $136K | — | 100x | as long as short |
| Hyperliquid ADA | +0.0602% | 1h | 0.2519 | −0.054% | $45.1M | $15.9M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0822% | 1h | 0.2521 | +0.046% | $626K | $506K | 50x |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
Lighter ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Backpack ADA_USDC_PERP
GMX ADA/USD [WBTC.b-USDC]
Hyperliquid ADA