Funding you earn now, next payment 04:00 UTC−0.0060%/8h= −6.6% APRpaid last 24h −0.001%
Price spread now: Paradex against Phoenix−0.896%106s7-day average — · you buy dearer than you sell
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 against this trade now: funding costs −$2 a day on $10k at the current rate, and Paradex is 0.896% cheaper against Phoenix than usual: you would sell low and buy high (−$90 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 106 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 | 0.2510 | 0.0161 | pay 0.0020% / 1h | 25m 39s | $4K | $95K | 10x |
| Short | Paradex ADA-USD-PERP | 0.2487 | 0.0101 | get 0.0101% / 8h | 3h 25m | $21K | $250 | 20x |
Phoenix ADA
Paradex ADA-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$12.58
- Price spread: −0.896% → 0.000%
- −$89.63
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$113.21
- Costs to cover
- 0.110%
- Break-even
- never at this rate
Slippage unknown: Phoenix: no order-book sample; Paradex: 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 Phoenix no order-book sample | — | — | — | — | — |
| Sell Paradex no order-book sample | — | — | — | — | — |
Phoenix and Paradex: 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 | 0.2487 | −0.916% | $205K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2490 | −0.777% | $147K | $6.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2488 | −0.854% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0026% | 1h | 0.2488 | −0.855% | $6.4M | $13.0M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.534% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2489 | −0.817% | $385K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2488 | −0.853% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2487 | −0.911% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2487 | −0.889% | $160K | $169K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2488 | −0.853% | $106.1M | $384.7M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2487 | −0.897% | $75.1M | $113.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2489 | −0.817% | $33.3M | $110.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2486 | −0.936% | $101.5M | $61.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2487 | −0.897% | $60.2M | $62.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2486 | −0.928% | $29.8M | $15.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2486 | −0.936% | $67.6M | $51.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2487 | −0.897% | — | $20.1M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2486 | −0.935% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2504 | −0.203% | $67K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2503 | −0.250% | $293K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2505 | −0.179% | $231K | $753K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2490 | −0.765% | $93K | $625K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2488 | −0.857% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2489 | −0.822% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2489 | −0.818% | $8K | $737K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2488 | −0.837% | $342 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2489 | −0.802% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2488 | −0.857% | $48.5M | $6.9M | 50x | as long as short |
| Paradex ADA-USD-PERPshort | +0.0101% | 8h | 0.2487 | −0.896% | $21K | $250 | 20x | |
| Extended ADA-USD | +0.0104% | 1h | 0.2487 | −0.905% | $540K | $1.8M | 50x | as long as short |
| Phoenix ADAlong | +0.0161% | 1h | 0.2510 | long leg | $4K | $95K | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2492 | −0.697% | $4.6M | $5.9M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.0263% | 1h | 0.2488 | −0.853% | $137K | $462K | 15x | as long as short |
| Reya ADARUSDPERP | +0.0277% | 1h | 0.2489 | −0.819% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0433% | 1h | 0.2489 | −0.801% | $612K | $533K | 50x | as long as short |
| Hyperliquid ADA | +0.0438% | 1h | 0.2488 | −0.849% | $44.5M | $16.0M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0615% / S −0.0569% | 1h | 0.2488 | −0.870% | $138K | — | 100x | as long as short |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
Backpack ADA_USDC_PERP
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
Hyperliquid ADA
GMX ADA/USD [WBTC.b-USDC]