Funding you earn now, next payment 05:00 UTC−0.0067%/8h= −7.3% APRpaid last 24h +0.001%
Price spread now: Injective against Orderly−1.436%58s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 5 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
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Injective is 1.436% cheaper against Orderly than usual: you would sell low and buy high (−$144 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 58 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ADA_USDC | 0.2507 | 0.0100 | pay 0.0100% / 8h | 3h 50m | $6K | $6K | 20x |
| Short | Injective ADA/USDC PERP | 0.2471 | 0.0033 | get 0.0004% / 1h | 50m 05s | $849 | $202K | 12x |
Orderly PERP_ADA_USDC
Injective ADA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective against Orderly. 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: −1.436% → 0.000%
- −$143.6
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$163.62
- Costs to cover
- 0.060%
- Break-even
- never at this rate
Slippage unknown: Orderly: no order-book sample; Injective: 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Injective no order-book sample | — | — | — | — | — |
Orderly and 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 | 0.2512 | +0.216% | $207K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2513 | +0.239% | $186K | $6.7M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2506 | −0.027% | $86K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0025% | 1h | 0.2507 | +0.014% | $6.4M | $12.8M | 50x | as long as short |
| Injective ADA/USDC PERPshort | +0.0033% | 1h | 0.2471 | −1.436% | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2508 | +0.040% | $430K | $8.1M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2509 | +0.095% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2513 | +0.255% | $163K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2509 | +0.068% | $105.7M | $378.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2507 | 0.000% | $73.9M | $110.7M | 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 | 0.2509 | +0.080% | $33.5M | $109.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2507 | 0.000% | $101.9M | $59.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2508 | +0.040% | $60.4M | $60.4M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2508 | +0.048% | $30.2M | $15.2M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2507 | 0.000% | $67.9M | $50.4M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2507 | 0.000% | — | $20.3M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2514 | +0.282% | $4.4M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2507 | −0.001% | $67K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2506 | −0.051% | $296K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2508 | +0.040% | $231K | $749K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2508 | +0.036% | $96K | $697K | 10x | as long as short |
| Orderly PERP_ADA_USDClong | +0.0100% | 8h | 0.2507 | long leg | $6K | $6K | 20x | |
| Derive ADA-PERP | +0.0100% | 1h | 0.2508 | +0.022% | $41K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2510 | +0.116% | $8K | $733K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2507 | +0.020% | $345 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2507 | +0.005% | $1.4M | $6.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2507 | 0.000% | $48.9M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2506 | −0.028% | $546K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0115% | 8h | 0.2509 | +0.083% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0128% | 1h | 0.2511 | +0.148% | $2.5M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2520 | +0.535% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2518 | +0.439% | $4.6M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2507 | 0.000% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0367% | 1h | 0.2509 | +0.060% | $140K | $455K | 15x | as long as short |
| Hyperliquid ADA | +0.0542% | 1h | 0.2510 | +0.120% | $44.9M | $16.0M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0601% / S −0.0547% | 1h | 0.2507 | −0.014% | $135K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.1586% | 1h | 0.2510 | +0.140% | $623K | $510K | 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
Polymarket Perps ADA-USD
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