Funding you earn now, next payment 03:00 UTC+0.0161%/8h= +17.6% APRpaid last 24h +0.014%
Price spread now: Kraken Futures against Orderly+0.054%7-day average — · you sell dearer than you buy
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 for this trade now. Funding pays +$5 a day on $10k at the current rate, and Kraken Futures is 0.054% dearer against Orderly than usual: you sell high and buy low: +$5 more if the spread goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ADA_USDC | 0.2457 | 0.0100 | pay 0.0100% / 8h | 5h 53m | $6K | $6K | 20x |
| Short | Kraken Futures PF_ADAUSD | 0.2458 | 0.0261 | get 0.0033% / 1h | 53m 06s | $6.2M | $12.1M | 50x |
Orderly PERP_ADA_USDC
Kraken Futures PF_ADAUSDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kraken Futures 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
- $33.85
- Price spread: +0.054% → 0.000%
- $5.38
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- $23.22
- Costs to cover
- 0.160%
- Break-even
- 2.2 days
Slippage unknown: Orderly: no order-book sample; Kraken Futures: live order book, 1 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 Orderly no order-book sample | — | — | — | — | — |
| Sell Kraken Futures live order book, 1 min ago | 2.86 bp | 11.0 bp −$11 | 13.7 bp −$137 | 51.0 bp −$5,098 | doesn't fit |
Orderly: 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 36 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 | 0.2452 | −0.220% | $202K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2456 | −0.024% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.570% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2451 | −0.244% | $411K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2462 | +0.216% | $42.9M | $14.2M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2458 | +0.056% | $1.2M | $984K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2453 | −0.177% | $157K | $158K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2461 | +0.163% | $103.1M | $366.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2461 | +0.163% | $72.5M | $107.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2462 | +0.204% | $32.8M | $105.7M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2459 | +0.081% | $98.1M | $58.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2459 | +0.081% | $64.3M | $53.6M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2458 | +0.028% | $29.8M | $16.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2461 | +0.163% | $65.9M | $47.4M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2461 | +0.163% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2460 | +0.102% | $126K | $417K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2467 | +0.411% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2455 | −0.065% | $65K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2450 | −0.285% | $289K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2450 | −0.285% | $56K | $590K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | −0.130% | $95K | $673K | 10x | as long as short |
| Orderly PERP_ADA_USDClong | +0.0100% | 8h | 0.2457 | long leg | $6K | $6K | 20x | |
| Derive ADA-PERP | +0.0100% | 1h | 0.2459 | +0.074% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.124% | $9K | $745K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2459 | +0.065% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2458 | +0.051% | $1.3M | $5.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2458 | +0.041% | $47.8M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2460 | +0.138% | $534K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0105% | 8h | 0.2454 | −0.122% | $126K | $6.2M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0107% | 8h | 0.2454 | −0.114% | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.0112% | 1h | 0.2460 | +0.122% | $2.4M | $1.0M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2454 | −0.114% | $4K | $90K | 10x | as long as short |
| Kraken Futures PF_ADAUSDshort | +0.0261% | 1h | 0.2458 | +0.054% | $6.2M | $12.1M | 50x | |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2453 | −0.143% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0416% / S −0.0202% | 1h | 0.2456 | −0.037% | $95K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0523% | 1h | 0.2459 | +0.090% | $502K | $471K | 50x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
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
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Lighter ADA
Phoenix ADA
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL