ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0162%/8h= +17.7% APRnext payment +$0.20 per $10,000 · paid last 24h −0.002%

Price spread now: Phoenix against Injective−0.850%7-day average — · you buy dearer than you sell

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

Long on Injective Short on Phoenix

What this pair did over the last

the charts below follow

Funding, last 7 days−0.186%−$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. Phoenix is 0.850% cheaper against Injective than usual: you would sell low and buy high (spread −0.850% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$85 on $10k: about 17 days of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.186%, 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	44m 48s	$849	$202K	12x
Short	Phoenix ADA	0.2450	0.0195	get 0.0024% / 1h	44m 48s	$4K	$100K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now −0.850%Rate

Funding earned: $34.02
Price spread: −0.850% → 0.000%: −$84.99
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$57.99
Costs to cover: 0.070%
Break-even: 18.9 days

Slippage unknown: Injective: no order-book sample; Phoenix: no order-book sample. 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 Phoenix no order-book sample	—	—	—	—	—

Injective and Phoenix: 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	0.2450	−0.869%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2448	−0.931%	$159K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2446	−0.996%	$84K	—	150x	as long as short
Injective ADA/USDC PERPlong	+0.0033%	1h	0.2471	long leg	$849	$202K	12x
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2444	−1.093%	$430K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0093%	1h	0.2446	−1.006%	$6.2M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2453	−0.724%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	−0.904%	$1.2M	$983K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	−0.803%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2452	−0.782%	$103.7M	$372.8M	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	0.2452	−0.769%	$71.5M	$111.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2452	−0.769%	$32.6M	$105.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2447	−0.971%	$97.8M	$59.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2451	−0.809%	$61.1M	$60.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.838%	$29.6M	$15.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2448	−0.931%	$65.8M	$50.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2448	−0.931%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2448	−0.923%	$124K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2446	−1.010%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2446	−1.021%	$65K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−1.012%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2444	−1.093%	$225K	$742K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2448	−0.943%	$93K	$686K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2447	−0.971%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	−0.931%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2449	−0.890%	$8K	$740K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	−0.992%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2446	−1.006%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2447	−0.971%	$47.7M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2448	−0.916%	$531K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2452	−0.785%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0119%	1h	0.2450	−0.846%	$42.6M	$14.9M	10x	as long as short
Phoenix ADAshort	+0.0195%	1h	0.2450	−0.850%	$4K	$100K	10x
BloFin ADA-USDT	+0.0220%	8h	0.2447	−0.971%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2447	−0.952%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0486%	1h	0.2449	−0.911%	$592K	$494K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0591% / S −0.0547%	1h	0.2446	−1.001%	$132K	—	100x	as long as short