Funding you earn now, next payment 06:00 UTC−0.0176%/8h= −19.3% APRpaid last 24h −0.058%
Price spread now: Phemex against Reya−0.041%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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 −$5 a day on $10k at the current rate, and Phemex is 0.041% cheaper against Reya than usual: you would sell low and buy high (−$4 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ADARUSDPERP | 0.2471 | 0.0276 | pay 0.0035% / 1h | 48m 57s | $1K | — | 15x |
| Short | Phemex ADAUSDT | 0.2470 | 0.0100 | get 0.0100% / 8h | 2h 48m | $48.1M | $7.0M | 50x |
Reya ADARUSDPERP
Phemex ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Phemex against Reya. 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
- −$37
- Price spread: −0.041% → 0.000%
- −$4.06
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$59.06
- Costs to cover
- 0.180%
- Break-even
- never at this rate
Slippage unknown: Reya: no order-book sample; Phemex: live order book, 5 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 Reya no order-book sample | — | — | — | — | — |
| Sell Phemex live order book, 5 min ago | 2.03 bp | 11.9 bp −$12 | 15.4 bp −$154 | 36.8 bp −$3,680 | doesn't fit |
Reya: 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 | 0.2472 | +0.055% | $203K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2472 | +0.040% | $152K | $7.0M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2470 | −0.026% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0019% | 1h | 0.2471 | +0.009% | $6.3M | $13.3M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2478 | +0.279% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | 0.000% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2472 | +0.048% | $2.4M | $987K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2472 | +0.044% | $44.0M | $16.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2471 | +0.011% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2473 | +0.093% | $158K | $170K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2471 | −0.008% | $104.2M | $393.0M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2470 | −0.041% | $73.4M | $117.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2471 | 0.000% | $33.0M | $112.6M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2470 | −0.041% | $100.0M | $62.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2470 | −0.041% | $59.3M | $62.6M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2470 | −0.037% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2471 | 0.000% | $67.3M | $51.8M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2471 | 0.000% | — | $19.9M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2474 | +0.124% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2468 | −0.129% | $66K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2475 | +0.148% | $290K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2474 | +0.121% | $230K | $760K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2471 | +0.004% | $94K | $635K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2471 | 0.000% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2472 | +0.027% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2472 | +0.041% | $8K | $747K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2472 | +0.020% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2470 | −0.043% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDTshort | +0.0100% | 8h | 0.2470 | −0.041% | $48.1M | $7.0M | 50x | |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2473 | +0.080% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2471 | −0.007% | $537K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2471 | 0.000% | $410K | $8.2M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0185% | 1h | 0.2472 | +0.020% | $124K | $457K | 15x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2470 | −0.041% | $4.5M | $5.8M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0276% | 1h | 0.2472 | +0.052% | $608K | $542K | 50x | as long as short |
| Reya ADARUSDPERPlong | +0.0276% | 1h | 0.2471 | long leg | $1K | — | 15x | |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0624% / S −0.0585% | 1h | 0.2470 | −0.039% | $140K | — | 100x | as long as short |
Binance ADAUSDT
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
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
Backpack ADA_USDC_PERP
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]