ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0014%/8h= −1.6% APRnext payment −$0.02 per $10,000 · paid last 24h −0.014%

Price spread now: Derive against Kraken Futures+0.046%7-day average — · you sell dearer than you buy

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

Long on Kraken Futures Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Derive is 0.046% dearer against Kraken Futures than usual: you sell high and buy low (spread +0.046% now, against zero (this spread has no 7-day history yet)): +$5 on $10k if it goes back. Holding the pair costs $0 a day in funding at the current rate, which eats that in about 11 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2434	0.0114	pay 0.0014% / 1h	23m 25s	$6.1M	$11.7M	50x
Short	Derive ADA-PERP	0.2435	0.0100	get 0.0013% / 1h	23m 25s	$39K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Kraken Futures. 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 Kraken FuturesbpFee DerivebpOrdersPrice spread, now +0.046%Rate

Funding earned: −$2.98
Price spread: +0.046% → 0.000%: $4.65
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Derive: 3 bp × 2 orders: −$6
Net: −$14.34
Costs to cover: 0.160%
Break-even: never at this rate

Slippage unknown: Kraken Futures: live order book, 6 min ago; Derive: 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 Kraken Futures live order book, 6 min ago	2.66 bp	11.6 bp −$12	14.8 bp −$148	60.6 bp −$6,056	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: 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	0.2436	+0.076%	$200K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2435	+0.047%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2437	+0.111%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2433	−0.035%	$401K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2435	+0.059%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2437	+0.149%	$42.2M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2436	+0.106%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2436	+0.071%	$156K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2437	+0.130%	$101.1M	$364.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2436	+0.088%	$70.8M	$103.8M	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	0.2437	+0.129%	$32.1M	$106.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2435	+0.047%	$96.7M	$60.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2437	+0.129%	$51.9M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2435	+0.067%	$29.8M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2436	+0.088%	$65.5M	$43.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2437	+0.129%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2434	+0.018%	$103K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	+0.138%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2435	+0.055%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	+0.195%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2434	+0.006%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2436	+0.084%	$92K	$638K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2437	+0.129%	$6K	$31K	20x	as long as short
Derive ADA-PERPshort	+0.0100%	1h	0.2435	+0.046%	$39K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	0.2435	+0.045%	$9K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2434	+0.001%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2435	+0.059%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2434	+0.006%	$47.5M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2436	+0.074%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2435	+0.047%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0114%	1h	0.2434	long leg	$6.1M	$11.7M	50x
Phoenix ADA	+0.0130%	1h	0.2440	+0.240%	$4K	$78K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2433	−0.035%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.526%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2437	+0.111%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0563% / S −0.0313%	1h	0.2436	+0.099%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+2.3132%	1h	0.2490	+2.323%	$500K	$430K	50x	as long as short