ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0023%/8h= +2.5% APRnext payment +$0.03 per $10,000 · paid last 24h −0.008%

Price spread now: Coinbase International against Injective+0.202%7-day average +0.269% · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Injective Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 7 days−0.075%−$7 on $10k

Price spread, last 4 days (all we have)+0.067%+$7 · spread now +0.202%, 7d avg +0.269%

Together, before fees−0.008%−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Coinbase International is 0.066% cheaper against Injective than usual: you would sell low and buy high (spread +0.202% now, against its 7-day average of +0.269%). If the spread goes back, that is −$7 on $10k: about 9.7 days of funding at the current rate (+$1 a day). Mind the row above: over the last 7 days funding on this pair cost −0.075%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ADA/USDC PERP	0.2471	0.0033	pay 0.0004% / 1h	32m 42s	$849	$202K	12x
Short	Coinbase International ADA-PERP-INTX	0.2476	0.0056	get 0.0007% / 1h	32m 42s	$423K	$7.6M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against Injective. 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 InjectivebpFee Coinbase InternationalbpOrdersPrice spread, now +0.202%Rate

Funding earned: $4.76
Price spread: +0.202% → +0.269%: −$6.63
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$11.89
Costs to cover: 0.100%
Break-even: 24.5 days

Slippage unknown: Injective: no order-book sample; Coinbase International: live order book, 1 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 Injective no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 1 min ago	4.04 bp	10.0 bp −$10	16.9 bp −$169	doesn't fit	doesn't fit

Injective: 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	0.2478	+0.263%	$204K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2476	+0.216%	$85K	—	150x	as long as short
Injective ADA/USDC PERPlong	+0.0033%	1h	0.2471	long leg	$849	$202K	12x
Coinbase International ADA-PERP-INTXshort	+0.0056%	1h	0.2476	+0.202%	$423K	$7.6M	50x
Hyperliquid ADA	+0.0100%	1h	0.2480	+0.384%	$43.1M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2479	+0.311%	$1.2M	$991K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2479	+0.312%	$159K	$161K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2479	+0.322%	$104.5M	$370.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2477	+0.243%	$72.8M	$109.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2478	+0.283%	$33.0M	$106.4M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2477	+0.243%	$99.2M	$59.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2477	+0.243%	$58.0M	$57.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2478	+0.291%	$29.9M	$16.5M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2478	+0.283%	$66.4M	$48.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2478	+0.283%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2478	+0.283%	$128K	$423K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2479	+0.324%	$4.3M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	+0.247%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2477	+0.225%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2476	+0.202%	$228K	$733K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2479	+0.316%	$96K	$676K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2478	+0.283%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2478	+0.288%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2478	+0.282%	$9K	$747K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2479	+0.324%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2478	+0.283%	$1.3M	$6.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2478	+0.283%	$48.2M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2477	+0.255%	$537K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2477	+0.243%	$141K	$6.3M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2480	+0.368%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2468	−0.105%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0184%	1h	0.2480	+0.352%	$2.5M	$1.0M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2480	+0.364%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0259%	1h	0.2478	+0.295%	$6.3M	$12.5M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2478	+0.303%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0418% / S −0.0202%	1h	0.2477	+0.233%	$96K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0598%	1h	0.2479	+0.332%	$564K	$450K	50x	as long as short