Funding you earn now, next payment 23:00 UTC+0.0030%/8h= +3.2% APRpaid last 24h −0.009%
Price spread now: Phoenix against Paradex+0.217%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Phoenix is 0.217% dearer against Paradex than usual: you sell high and buy low: +$22 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 | Paradex ADA-USD-PERP | 0.2447 | 0.0100 | pay 0.0100% / 8h | 7h 55m | $21K | $250 | 20x |
| Short | Phoenix ADA | 0.2453 | 0.0130 | get 0.0016% / 1h | 55m 20s | $4K | $84K | 10x |
Paradex ADA-USD-PERP
Phoenix ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phoenix against Paradex. 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
- $6.2
- Price spread: +0.217% → 0.000%
- $21.68
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- $16.87
- Costs to cover
- 0.110%
- Break-even
- from the start
Slippage unknown: Paradex: no order-book sample; Phoenix: 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Paradex and Phoenix: 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 | 0.2448 | +0.016% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2454 | +0.270% | $195K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2446 | −0.074% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.965% | $849 | $202K | 12x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0036% | 1h | 0.2446 | −0.049% | $491K | $429K | 50x | as long as short |
| Gate ADA_USDT | +0.0038% | 8h | 0.2446 | −0.057% | $97.6M | $57.9M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2453 | +0.229% | $407K | $7.3M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0048% | 1h | 0.2446 | −0.042% | $6.2M | $11.6M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2451 | +0.139% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2448 | +0.029% | $42.4M | $14.3M | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Deribit ADA_USDC-PERPETUAL
Gate ADA_USDT
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Hyperliquid ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Aster ADAUSDT | +0.0100% | 8h | 0.2447 | +0.004% | $1.2M | $934K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2449 | +0.049% | $157K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2447 | −0.016% | $101.2M | $366.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2445 | −0.098% | $71.3M | $104.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2446 | −0.057% | $32.3M | $107.1M | 50x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2446 | −0.057% | $53.5M | $50.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2447 | −0.008% | $30.0M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2446 | −0.057% | $65.7M | $43.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2446 | −0.057% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2455 | +0.299% | $108K | $418K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2454 | +0.277% | $4.2M | $967K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | +0.177% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2452 | +0.182% | $289K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2452 | +0.188% | $55K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2446 | −0.053% | $94K | $642K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2446 | −0.057% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2446 | −0.052% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2448 | +0.024% | $9K | $769K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2446 | −0.053% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2454 | +0.256% | $1.3M | $5.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2453 | +0.229% | $47.9M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERPlong | +0.0100% | 8h | 0.2447 | long leg | $21K | $250 | 20x | |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | −0.096% | $553K | $1.8M | 50x | as long as short |
| Phoenix ADAshort | +0.0130% | 1h | 0.2453 | +0.217% | $4K | $84K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2457 | +0.392% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2446 | −0.075% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0393% | 1h | 0.2445 | −0.096% | $141K | — | 100x | as long as short |
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
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
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]