Funding you earn now, next payment 23:00 UTC−0.0030%/8h= −3.3% APRpaid last 24h +0.009%
Price spread now: BingX against Phoenix−0.291%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.260%+$26 on $10k
+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 −$1 a day on $10k at the current rate, and BingX is 0.291% cheaper against Phoenix than usual: you would sell low and buy high (−$29 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.260%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ADA | 0.2475 | 0.0130 | pay 0.0016% / 1h | 49m 27s | $4K | $78K | 10x |
| Short | BingX ADA-USDT | 0.2468 | 0.0100 | get 0.0100% / 8h | 49m 27s | — | $18.0M | — |
Phoenix ADA
BingX ADA-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against Phoenix. 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
- −$6.28
- Price spread: −0.291% → 0.000%
- −$29.09
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$52.37
- Costs to cover
- 0.170%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; BingX: live order book, 4 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 4 min ago | 4.04 bp | 9.0 bp −$9 | 9.0 bp −$90 | 13.9 bp −$1,390 | 27.2 bp −$13.6K |
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 | 0.2469 | −0.269% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2473 | −0.089% | $161K | $6.0M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2468 | −0.308% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2473 | −0.089% | $413K | $7.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2470 | −0.194% | $2.5M | $1.3M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2469 | −0.242% | $42.8M | $14.2M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2469 | −0.246% | $1.2M | $925K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2470 | −0.215% | $159K | $144K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2468 | −0.299% | $102.8M | $360.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2466 | −0.372% | $71.9M | $102.3M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Hyperliquid ADA
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 | 0.2467 | −0.331% | $32.5M | $107.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2467 | −0.331% | $97.7M | $59.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2468 | −0.291% | $53.1M | $50.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2469 | −0.250% | $30.3M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2468 | −0.291% | $66.1M | $43.1M | 75x | as long as short |
| BingX ADA-USDTshort | +0.0100% | 8h | 0.2468 | −0.291% | — | $18.0M | — | |
| Variational Omni ADA | +0.0100% | 8h | 0.2474 | −0.041% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2475 | −0.010% | $66K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2475 | −0.001% | $299K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2475 | −0.008% | $56K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2468 | −0.307% | $97K | $624K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2465 | −0.412% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2471 | −0.169% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2474 | −0.049% | $9K | $761K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2470 | −0.202% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2474 | −0.062% | $1.3M | $5.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2469 | −0.250% | $48.2M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2469 | −0.250% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2468 | −0.289% | $561K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0113% | 1h | 0.2470 | −0.202% | $6.2M | $11.5M | 50x | as long as short |
| Phoenix ADAlong | +0.0130% | 1h | 0.2475 | long leg | $4K | $78K | 10x | |
| Backpack ADA_USDC_PERP | +0.0142% | 1h | 0.2471 | −0.154% | $109K | $415K | 15x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2476 | +0.032% | $4.4M | $5.5M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0236% | 1h | 0.2472 | −0.137% | $490K | $410K | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | −0.170% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2468 | −0.308% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0567% / S −0.0313% | 1h | 0.2467 | −0.330% | $122K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
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
Kraken Futures PF_ADAUSD
Backpack ADA_USDC_PERP
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUAL
Injective ADA/USDC PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]