Funding you earn now, next payment 09:00 UTC+0.0576%/8h= +63.1% APRpaid last 24h +0.103%
Price spread now: Deribit against Gate−0.004%7-day average +0.068% · you buy dearer than you sell
Net, funding: paid 7d − costs−$36as in the Funding arb table
Net, price: spread back to 7d avg − costs−$50as in the Price arb table
costs, in and out, $10k−$420.424% of the position
Funding, last 7 days+0.065%+$6 on $10k
+Price spread, last 4 days (all we have)+0.441%+$44 · spread now −0.004%, 7d avg +0.068%
=Funding pays, the price is against you. Deribit is 0.072% cheaper against Gate than usual: you would sell low and buy high (spread −0.004% now, against its 7-day average of +0.068%). If the spread goes back, that is −$7 on $10k: about 10 hours of funding at the current rate (+$17 a day). At the pace of the last 7 days (+0.065% in total) that is about 7.8 days.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.065% in total (about 3.4% a year). A funding rate is set anew for every payment. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ADA_USDT | 0.2485 | 0.0100 | pay 0.0100% / 8h | 7h 12m | $101.3M | $62.9M | 75x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2485 | 0.0676 | get 0.0085% / 1h | 12m 07s | $637K | $718K | 50x |
Gate ADA_USDT
Deribit ADA_USDC-PERPETUALFunding history
latest
Range statsloading…
Price spread between the two exchanges
Deribit against Gate. 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
- $120.96
- Price spread: −0.004% → +0.068%
- −$7.2
- Slippage, 4 orders
- −$20.45
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $71.31
- Costs to cover
- 0.424%
- Break-even
- 2.9 days
Slippage from Gate: live order book, 2 min ago; Deribit: live order book, 22 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 Gate live order book, 2 min ago | 2.02 bp | 13.2 bp −$13 | 17.2 bp −$172 | 95.4 bp −$9,540 | doesn't fit |
| Sell Deribit live order book, 22 min ago | 3.27 bp | 7.2 bp −$7 | 13.3 bp −$133 | doesn't fit | doesn't fit |
ADA on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2481 | −0.161% | $206K | $7.7M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2481 | −0.142% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.563% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2484 | −0.024% | $2.4M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2488 | +0.117% | $43.7M | $18.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2484 | −0.050% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2480 | −0.185% | $159K | $182K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2484 | −0.040% | $105.4M | $397.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2484 | −0.040% | $74.0M | $124.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2487 | +0.080% | $33.2M | $116.4M | 50x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDTlong | +0.0100% | 8h | 0.2485 | long leg | $101.3M | $62.9M | 75x | |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2485 | 0.000% | $57.9M | $69.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2483 | −0.060% | $29.9M | $15.7M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2486 | +0.040% | $67.8M | $53.0M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2487 | +0.080% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2487 | +0.064% | $143K | $472K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2485 | +0.006% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2483 | −0.085% | $66K | $290K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2479 | −0.249% | $298K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2481 | −0.161% | $75K | $895K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2480 | −0.189% | $118K | $1.3M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2484 | −0.040% | $6K | $5K | 20x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2485 | +0.013% | $8K | $727K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2483 | −0.080% | $342 | $10K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2483 | −0.061% | $1.3M | $7.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2482 | −0.121% | $47.9M | $7.7M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0104% | 8h | 0.2480 | −0.190% | $21K | — | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2483 | −0.065% | $545K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0152% | 1h | 0.2480 | −0.201% | $370K | $8.4M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2484 | −0.028% | $3K | $113K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0196% | 1h | 0.2483 | −0.087% | $6.4M | $13.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2478 | −0.282% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0271% | 1h | 0.2478 | −0.282% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0370% / S −0.0295% | 1h | 0.2482 | −0.130% | $88K | — | 100x | as long as short |
| dYdX ADA-USD | +0.0589% | 1h | 0.2479 | −0.258% | $207K | $5K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.0676% | 1h | 0.2485 | −0.004% | $637K | $718K | 50x |
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
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
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
Phoenix ADA
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
dYdX ADA-USD