ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0024%/8h= −2.6% APRnext payment −$0.03 per $10,000 · paid last 24h −0.005%

Price spread now: Coinbase International against Extended+0.408%7-day average +0.008% · you sell dearer than you buy

Net, funding: paid 7d − costs−$40as in the Funding arb table

Net, price: spread back to 7d avg − costs+$7as in the Price arb table

costs, in and out, $10k−$330.330% of the position

Long on Extended Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.067%−$7 on $10k

Price spread, last 4 days (all we have)−0.291%−$29 · spread now +0.408%, 7d avg +0.008%

Together, before fees−0.358%+ Points / potential airdropExtended: Active · farm board−$36 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.399% dearer against Extended than usual: you sell high and buy low (spread +0.408% now, against its 7-day average of +0.008%): +$40 on $10k if it goes back. Holding the pair costs −$1 a day in funding at the current rate, which eats that in about 55 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2498	0.0104	pay 0.0013% / 1h	49m 26s	$543K	$1.8M	50x
Short	Coinbase International ADA-PERP-INTX	0.2508	0.0080	get 0.0010% / 1h	49m 26s	$430K	$8.1M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Extended. 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 ExtendedbpFee Coinbase InternationalbpOrdersPrice spread, now +0.408%Rate

Funding earned: −$5.04
Price spread: +0.408% → +0.008%: $39.94
Slippage, 4 orders: −$17.98
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: $1.92
Costs to cover: 0.330%
Break-even: from the start

Slippage from Extended: live order book, 4 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 Extended live order book, 4 min ago	1.99 bp	4.5 bp −$4	10.0 bp −$100	doesn't fit	doesn't fit
Sell Coinbase International live order book, 5 min ago	5.99 bp	11.0 bp −$11	16.6 bp −$166	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	0.2500	+0.097%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2513	+0.608%	$186K	$6.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2496	−0.059%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0025%	1h	0.2507	+0.382%	$6.4M	$12.8M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.073%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0080%	1h	0.2508	+0.408%	$430K	$8.1M	50x
Aster ADAUSDT	+0.0100%	8h	0.2498	+0.026%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2502	+0.164%	$161K	$168K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2498	+0.002%	$106.0M	$378.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2497	−0.033%	$73.7M	$110.9M	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	0.2499	+0.048%	$33.4M	$109.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2496	−0.073%	$101.6M	$59.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2498	+0.007%	$60.0M	$60.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2498	+0.003%	$30.1M	$15.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2497	−0.033%	$67.7M	$50.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2497	−0.033%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2514	+0.650%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2507	+0.367%	$67K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2506	+0.317%	$296K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2508	+0.408%	$231K	$749K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2497	−0.021%	$96K	$697K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2498	+0.007%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2508	+0.390%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2510	+0.485%	$8K	$733K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2507	+0.388%	$345	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2507	+0.373%	$1.4M	$6.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2507	+0.368%	$48.9M	$6.6M	50x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2498	long leg	$543K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0115%	8h	0.2500	+0.074%	$21K	$250	20x	as long as short
Lighter ADA	+0.0136%	1h	0.2505	+0.268%	$2.5M	$1.1M	10x	as long as short
Phoenix ADA	+0.0161%	1h	0.2510	+0.468%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2518	+0.808%	$4.6M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2497	−0.052%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0367%	1h	0.2509	+0.428%	$140K	$455K	15x	as long as short
Hyperliquid ADA	+0.0528%	1h	0.2500	+0.080%	$44.7M	$16.0M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0599% / S −0.0547%	1h	0.2497	−0.038%	$135K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.1586%	1h	0.2510	+0.508%	$623K	$510K	50x	as long as short