ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0467%/8h= +51.1% APRnext payment +$0.58 per $10,000 · paid last 24h −0.003%

Price spread now: ApeX Omni against Phoenix+0.152%7-day average −0.039% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$510.506% of the position

Long on Phoenix Short on ApeX Omni

What this pair did over the last

the charts below follow

Funding, last 7 days+0.260%+$26 on $10k

Price spread, last 4 days (all we have)−0.219%−$22 · spread now +0.152%, 7d avg −0.039%

Together, before fees+0.041%+$4 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$14 a day on $10k at the current rate, and ApeX Omni is 0.191% dearer against Phoenix than usual: you sell high and buy low: +$19 more if the spread goes back to its 7-day average of −0.039%.

The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.260% in total (about 13.5% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.58 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ADA	0.2439	0.0032	pay 0.0004% / 1h	55m 11s	$4K	$111K	10x
Short	ApeX Omni ADAUSDT	0.2443	0.0499	get 0.0062% / 1h	55m 11s	$82K	$890K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

ApeX Omni against Phoenix. 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 PhoenixbpFee ApeX OmnibpOrdersPrice spread, now +0.152%Rate

Funding earned: $98
Price spread: +0.152% → −0.039%: $19.08
Slippage, 4 orders: −$33.62
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee ApeX Omni: 5 bp × 2 orders: −$10
Net: $66.47
Costs to cover: 0.506%
Break-even: 2.3 days

Slippage from Phoenix: live order book, 58 min ago; ApeX Omni: live order book, 54 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 Phoenix live order book, 58 min ago	0.81 bp	13.0 bp −$13	52.4 bp −$524	doesn't fit	doesn't fit
Sell ApeX Omni live order book, 54 min ago	4.04 bp	12.8 bp −$13	44.4 bp −$444	doesn't fit	doesn't fit

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
Kalshi KXADAPERP	0.0000%	8h	0.2438	−0.053%	$185K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2436	−0.155%	$83K	—	150x	as long as short
Phoenix ADAlong	+0.0032%	1h	0.2439	long leg	$4K	$111K	10x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.300%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2436	−0.135%	$6K	$6K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2437	−0.094%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2437	−0.083%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2438	−0.044%	$102.7M	$410.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2437	−0.094%	$72.0M	$124.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2438	−0.053%	$32.4M	$118.1M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2435	−0.176%	$99.5M	$64.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2436	−0.135%	$51.6M	$64.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2436	−0.139%	$29.2M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2436	−0.135%	$66.2M	$53.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2436	−0.135%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2435	−0.172%	$136K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2435	−0.173%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2445	+0.240%	$65K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2442	+0.106%	$287K	$4.0M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2435	−0.164%	$129K	$1.1M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2437	−0.096%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2437	−0.097%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2437	−0.082%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2437	−0.101%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2438	−0.053%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2436	−0.140%	$511K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2438	−0.060%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2437	−0.094%	$376K	$8.6M	50x	as long as short
Lighter ADA	+0.0136%	1h	0.2438	−0.045%	$2.4M	$1.0M	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2437	−0.084%	$6.3M	$13.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2440	+0.029%	$4.4M	$5.8M	75x	as long as short
Hyperliquid ADA	+0.0271%	1h	0.2438	−0.036%	$42.8M	$18.3M	10x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2436	−0.134%	$1K	—	15x	as long as short
dYdX ADA-USD	+0.0431%	1h	0.2436	−0.135%	$200K	$2K	10x	as long as short
ApeX Omni ADAUSDTshort	+0.0499%	1h	0.2443	+0.152%	$82K	$890K	50x
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0728%	1h	0.2435	−0.177%	$163K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0653%	1h	0.2438	−0.057%	$620K	$613K	50x	as long as short