ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.023%

Price spread now: ApeX Omni against dYdX−0.057%50s7-day average +0.030% · you buy dearer than you sell

Net, funding: paid 7d − costs−$198as 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−$2142.135% of the position

Long on dYdX Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.156%+$16 on $10k

Price spread, last 3 days (all we have)+0.149%+$15 · spread now −0.057%, 7d avg +0.030%

Together, before fees+0.305%+$31 on $10k · with fees, hour by hour

Funding pays, the price is against you. ApeX Omni is 0.087% cheaper against dYdX than usual: you would sell low and buy high (spread −0.057% now, against its 7-day average of +0.030%). If the spread goes back, that is −$9 on $10k: about 2.9 days of funding at the current rate (+$3 a day). The two prices were read 50 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	dYdX ADA-USD	0.2467	0	get 0.0000% / 1h	28m 44s	$203K	$4K	10x
Short	ApeX Omni ADAUSDT	0.2466	0.0100	get 0.0013% / 1h	28m 44s	$56K	$583K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against dYdX. 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 dYdXbpFee ApeX OmnibpOrdersPrice spread, now −0.057%Rate

Funding earned: $21
Price spread: −0.057% → +0.030%: −$8.69
Slippage, 4 orders: −$193.53
Fee dYdX: 5 bp × 2 orders: −$10
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: −$201.22
Costs to cover: 2.135%
Break-even: 74.1 days

Slippage from dYdX: live order book, 45 min ago; ApeX Omni: live order book, 44 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 dYdX live order book, 45 min ago	89.91 bp	94.9 bp −$95	119.2 bp −$1,192	123.1 bp −$12.3K	123.4 bp −$61.7K
Sell ApeX Omni live order book, 44 min ago	4.09 bp	11.2 bp −$11	42.7 bp −$427	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-USDlong	0.0000%	1h	0.2467	long leg	$203K	$4K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2465	−0.097%	$184K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2464	−0.158%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.146%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2464	−0.138%	$420K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2463	−0.169%	$6.2M	$11.7M	50x	as long as short
Phoenix ADA	+0.0098%	1h	0.2467	−0.033%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2468	+0.010%	$1.2M	$948K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2469	+0.081%	$161K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2469	+0.076%	$103.0M	$365.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2469	+0.065%	$72.5M	$104.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2470	+0.105%	$32.6M	$107.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2466	−0.057%	$98.2M	$58.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2469	+0.065%	$53.5M	$51.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2468	+0.024%	$30.3M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2469	+0.065%	$66.1M	$44.2M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2469	+0.065%	—	$20.4M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	−0.077%	$128K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.110%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2471	+0.128%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2472	+0.177%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0100%	1h	0.2466	−0.057%	$56K	$583K	50x
Polymarket Perps ADA-USD	+0.0100%	1h	0.2465	−0.085%	$94K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2464	−0.138%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	−0.110%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2467	−0.017%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2465	−0.118%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2464	−0.132%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2463	−0.179%	$48.1M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0103%	8h	0.2471	+0.126%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2469	+0.084%	$542K	$1.8M	50x	as long as short
Lighter ADA	+0.0120%	1h	0.2470	+0.105%	$2.5M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0171%	1h	0.2471	+0.146%	$43.2M	$14.5M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2468	+0.024%	$4.4M	$5.5M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0237%	1h	0.2465	−0.093%	$495K	$434K	50x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2466	−0.056%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0626% / S −0.0393%	1h	0.2465	−0.098%	$142K	—	100x	as long as short