Funding you earn now, next payment 05:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h 0.000%
Price spread now: Polymarket Perps against Injective+1.538%7-day average +0.275% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.162%−$16 on $10k
+Price spread, last 4 days (all we have)−1.185%−$118 · spread now +1.538%, 7d avg +0.275%
=Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Polymarket Perps is 1.263% dearer against Injective than usual: you sell high and buy low: +$126 more if the spread goes back to its 7-day average of +0.275%. Mind the row above: over the last 7 days funding on this pair cost −0.162%, 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 | 52m 44s | $849 | $202K | 12x |
| Short | Polymarket Perps ADA-USD | 0.2509 | 0.0100 | get 0.0013% / 1h | 52m 44s | $98K | $694K | 10x |
Injective ADA/USDC PERP
Polymarket Perps ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps against Injective. 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
- $14
- Price spread: +1.538% → +0.275%
- $126.29
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- $132.27
- Costs to cover
- 0.080%
- Break-even
- from the start
Slippage unknown: Injective: no order-book sample; Polymarket Perps: live order book, 65 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 Polymarket Perps live order book, 65 min ago | 4.29 bp | 8.3 bp −$8 | 11.8 bp −$118 | 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 | 0.2507 | +1.439% | $206K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2500 | +1.174% | $285K | $6.5M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2512 | +1.651% | $89K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0025% | 1h | 0.2515 | +1.780% | $6.5M | $12.6M | 50x | 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 | 0.2513 | +1.700% | $419K | $8.1M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2508 | +1.497% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2508 | +1.506% | $163K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2509 | +1.558% | $105.7M | $377.8M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2510 | +1.578% | $73.7M | $109.9M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2513 | +1.700% | $33.7M | $109.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2508 | +1.497% | $101.7M | $59.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2510 | +1.578% | $62.0M | $60.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2509 | +1.554% | $30.2M | $15.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2511 | +1.619% | $67.9M | $50.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2512 | +1.659% | — | $20.2M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2489 | +0.731% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2494 | +0.942% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2488 | +0.688% | $292K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2496 | +1.012% | $230K | $748K | 50x | as long as short |
| Polymarket Perps ADA-USDshort | +0.0100% | 1h | 0.2509 | +1.538% | $98K | $694K | 10x | |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2514 | +1.740% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2514 | +1.746% | $41K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2516 | +1.818% | $9K | $733K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2515 | +1.760% | $346 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2510 | +1.561% | $1.4M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2509 | +1.538% | $49.0M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2511 | +1.631% | $544K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0115% | 8h | 0.2512 | +1.651% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0136% | 1h | 0.2509 | +1.518% | $2.5M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2478 | +0.287% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2514 | +1.740% | $4.6M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2511 | +1.639% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0308% | 1h | 0.2511 | +1.635% | $140K | $452K | 15x | as long as short |
| Hyperliquid ADA | +0.0597% | 1h | 0.2509 | +1.542% | $45.0M | $15.9M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0600% / S −0.0547% | 1h | 0.2511 | +1.624% | $135K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0984% | 1h | 0.2515 | +1.777% | $617K | $496K | 50x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
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
Lighter ADA
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Backpack ADA_USDC_PERP
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL