Funding you earn now, next payment 04:00 UTC−0.0020%/8h= −2.2% APRpaid last 24h −0.007%
Price spread now: Coinbase International against edgeX+0.173%7-day average −0.014% · you sell dearer than you buy
Net, funding: paid 7d − costs−$66as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$480.483% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)+0.030%+$3 · spread now +0.173%, 7d avg −0.014%
=Together, before fees−0.147%+ Points / potential airdropedgeX: Active · farm board−$15 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Coinbase International is 0.187% dearer against edgeX than usual: you sell high and buy low (spread +0.173% now, against its 7-day average of −0.014%): +$19 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 31 days. At the pace of the last 7 days (−0.177% in total) that is about 7.4 days.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ADAUSDC | 0.2504 | 0.0100 | pay 0.0050% / 4h | 3h 28m | $67K | $286K | 20x |
| Short | Coinbase International ADA-PERP-INTX | 0.2508 | 0.0080 | get 0.0010% / 1h | 28m 51s | $388K | $8.3M | 50x |
edgeX ADAUSDC
Coinbase International ADA-PERP-INTXFunding history
latest
Range statsloading…
Price spread between the two exchanges
Coinbase International against edgeX. 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
- −$4.2
- Price spread: +0.173% → −0.014%
- $18.7
- Slippage, 4 orders
- −$29.26
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$33.76
- Costs to cover
- 0.483%
- Break-even
- never at this rate
Slippage from edgeX: live order book, 24 min ago; Coinbase International: live order book, 5 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 edgeX live order book, 24 min ago | 7.95 bp | 12.4 bp −$12 | 31.7 bp −$317 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 5 min ago | 4.00 bp | 12.8 bp −$13 | 18.2 bp −$182 | 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 | 0.2505 | +0.035% | $206K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2504 | +0.014% | $152K | $6.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2502 | −0.056% | $86K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0025% | 1h | 0.2503 | −0.037% | $6.4M | $13.0M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.304% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.0080% | 1h | 0.2508 | +0.173% | $388K | $8.3M | 50x | |
| Lighter ADA | +0.0096% | 1h | 0.2504 | +0.018% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2501 | −0.108% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2506 | +0.077% | $161K | $169K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2500 | −0.134% | $106.6M | $383.2M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2499 | −0.186% | $75.4M | $113.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2500 | −0.146% | $33.5M | $111.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2499 | −0.186% | $102.2M | $61.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2499 | −0.186% | $60.2M | $62.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2500 | −0.150% | $30.1M | $15.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2500 | −0.146% | $68.0M | $51.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2500 | −0.146% | — | $20.2M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2504 | +0.016% | $4.4M | $1.1M | — | as long as short |
| edgeX ADAUSDClong | +0.0100% | 4h | 0.2504 | long leg | $67K | $286K | 20x | |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2504 | +0.027% | $303K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2505 | +0.054% | $231K | $753K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2503 | −0.014% | $96K | $618K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2502 | −0.066% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2503 | −0.044% | $41K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2507 | +0.132% | $9K | $737K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2502 | −0.046% | $344 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2505 | +0.043% | $1.4M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2502 | −0.066% | $48.8M | $6.9M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2499 | −0.175% | $542K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0113% | 8h | 0.2500 | −0.127% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2510 | +0.233% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2502 | −0.066% | $4.7M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0277% | 1h | 0.2504 | +0.011% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0308% | 1h | 0.2501 | −0.094% | $139K | $461K | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0350% | 1h | 0.2503 | −0.022% | $615K | $533K | 50x | as long as short |
| Hyperliquid ADA | +0.0464% | 1h | 0.2502 | −0.070% | $44.8M | $16.0M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0617% / S −0.0569% | 1h | 0.2502 | −0.073% | $139K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
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
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Backpack ADA_USDC_PERP
Deribit ADA_USDC-PERPETUAL
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]