Funding you earn now, next payment 01:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h −0.023%
Price spread now: dYdX against OKX−0.105%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$212as in the Funding arb table
Net, price: spread back to 7d avg − costs−$213as in the Price arb table
costs, in and out, $10k−$2042.039% of the position
Funding, last 7 days−0.086%−$9 on $10k
+Price spread, last 4 days (all we have)+0.082%+$8 · spread now −0.105%, 7d avg −0.018%
=Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and dYdX is 0.087% cheaper against OKX than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ADA-USDT-SWAP | 0.2470 | 0.0100 | pay 0.0100% / 8h | 7h 28m | $32.6M | $107.3M | 50x |
| Short | dYdX ADA-USD | 0.2467 | 0 | get 0.0000% / 1h | 28m 45s | $203K | $4K | 10x |
OKX ADA-USDT-SWAP
dYdX ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
dYdX against OKX. 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
- −$21
- Price spread: −0.105% → −0.018%
- −$8.68
- Slippage, 4 orders
- −$183.87
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$233.54
- Costs to cover
- 2.039%
- Break-even
- never at this rate
Slippage from OKX: live order book, 5 min ago; dYdX: live order book, 45 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 OKX live order book, 5 min ago | 2.03 bp | 7.0 bp −$7 | 12.7 bp −$127 | 41.4 bp −$4,139 | doesn't fit |
| Sell dYdX live order book, 45 min ago | 89.91 bp | 94.9 bp −$95 | 164.7 bp −$1,647 | 175.4 bp −$17.5K | 176.8 bp −$88.4K |
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-USDshort | 0.0000% | 1h | 0.2467 | −0.105% | $203K | $4K | 10x | |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2465 | −0.202% | $184K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2464 | −0.263% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.040% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2464 | −0.243% | $420K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2463 | −0.274% | $6.2M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2467 | −0.138% | $4K | $84K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2468 | −0.095% | $1.2M | $948K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2469 | −0.024% | $161K | $148K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2469 | −0.029% | $103.0M | $365.5M | 75x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Phoenix ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2469 | −0.040% | $72.5M | $104.2M | 75x | as long as short |
| OKX ADA-USDT-SWAPlong | +0.0100% | 8h | 0.2470 | long leg | $32.6M | $107.3M | 50x | |
| Gate ADA_USDT | +0.0100% | 8h | 0.2466 | −0.162% | $98.2M | $58.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2469 | −0.040% | $53.5M | $51.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2468 | −0.081% | $30.3M | $17.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2469 | −0.040% | $66.1M | $44.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2469 | −0.040% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2465 | −0.182% | $128K | $415K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2470 | +0.005% | $4.2M | $942K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2471 | +0.023% | $66K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2472 | +0.072% | $290K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2466 | −0.162% | $56K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2465 | −0.190% | $94K | $645K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2464 | −0.243% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2465 | −0.215% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2467 | −0.122% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2465 | −0.223% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2464 | −0.237% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2463 | −0.283% | $48.1M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0103% | 8h | 0.2471 | +0.021% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2469 | −0.022% | $542K | $1.8M | 50x | as long as short |
| Lighter ADA | +0.0120% | 1h | 0.2470 | 0.000% | $2.5M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.0171% | 1h | 0.2471 | +0.040% | $43.2M | $14.5M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2468 | −0.081% | $4.4M | $5.5M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0237% | 1h | 0.2465 | −0.198% | $495K | $434K | 50x | as long as short |
| Reya ADARUSDPERP | +0.0282% | 1h | 0.2466 | −0.161% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0626% / S −0.0393% | 1h | 0.2465 | −0.203% | $142K | — | 100x | as long as short |
Bybit ADAUSDT
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Lighter ADA
Hyperliquid ADA
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]