ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC+0.0006%/8h= +0.7% APRnext payment +$0.01 per $10,000 · paid last 24h −0.002%

Price spread now: Extended against Phoenix−0.236%88s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Phoenix Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.191%+$19 on $10k

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropExtended: Active · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Extended is 0.236% cheaper against Phoenix than usual: you would sell low and buy high, −$24 on $10k if it goes back to zero (this spread has no 7-day history yet). The two prices were read 88 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	Phoenix ADA	0.2484	0.0098	pay 0.0012% / 1h	7m 50s	$4K	$84K	10x
Short	Extended ADA-USD	0.2478	0.0104	get 0.0013% / 1h	7m 50s	$540K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against Phoenix. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.236%Rate

Funding earned: $1.29
Price spread: −0.236% → 0.000%: −$23.58
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$34.3
Costs to cover: 0.120%
Break-even: 193.5 days

Slippage unknown: Phoenix: no order-book sample; Extended: live order book, 6 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 Extended live order book, 6 min ago	2.01 bp	4.5 bp −$5	7.1 bp −$71	doesn't fit	doesn't fit

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	0.2477	−0.292%	$204K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2480	−0.153%	$207K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2478	−0.215%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.515%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2479	−0.193%	$424K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2480	−0.152%	$6.3M	$11.8M	50x	as long as short
Phoenix ADAlong	+0.0098%	1h	0.2484	long leg	$4K	$84K	10x
Aster ADAUSDT	+0.0100%	8h	0.2479	−0.207%	$1.2M	$956K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2478	−0.215%	$159K	$150K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2479	−0.189%	$103.4M	$368.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2479	−0.193%	$72.8M	$105.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2480	−0.153%	$32.8M	$108.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2477	−0.274%	$99.4M	$60.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2478	−0.234%	$54.6M	$52.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2478	−0.229%	$30.4M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2480	−0.153%	$67.0M	$44.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2479	−0.193%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	−0.197%	$138K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2477	−0.270%	$4.3M	$967K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2479	−0.194%	$66K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2483	−0.033%	$294K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	−0.234%	$56K	$586K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2478	−0.229%	$94K	$650K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2479	−0.193%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2481	−0.122%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2478	−0.233%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2480	−0.173%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2480	−0.168%	$1.3M	$5.6M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2480	−0.153%	$48.3M	$6.2M	50x	as long as short
Extended ADA-USDshort	+0.0104%	1h	0.2478	−0.236%	$540K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0105%	8h	0.2477	−0.273%	$21K	$250	20x	as long as short
Lighter ADA	+0.0192%	1h	0.2482	−0.076%	$2.5M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2484	+0.008%	$4.5M	$5.7M	75x	as long as short
Hyperliquid ADA	+0.0244%	1h	0.2481	−0.105%	$43.3M	$14.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0274%	1h	0.2480	−0.141%	$496K	$455K	50x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2479	−0.192%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0629% / S −0.0393%	1h	0.2479	−0.191%	$143K	—	100x	as long as short