ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC−0.0067%/8h= −7.3% APRnext payment −$0.08 per $10,000 · paid last 24h 0.000%

Price spread now: Injective against SoDEX+2.010%62s7-day average — · you sell dearer than you buy

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

Long on SoDEX Short on Injective

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)—no history yet

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

Together, before fees—needs both histories

The price spread pays, funding is against you. Injective is 2.010% dearer against SoDEX than usual: you sell high and buy low (spread +2.010% now, against zero (this spread has no 7-day history yet)): +$201 on $10k if it goes back. Holding the pair costs −$2 a day in funding at the current rate, which eats that in about 3 months. The two prices were read 62 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	SoDEX ADA-USD	0.2422	0.0100	pay 0.0013% / 1h	30m 05s	$333	$13K	10x
Short	Injective ADA/USDC PERP	0.2471	0.0033	get 0.0004% / 1h	30m 05s	$849	$202K	12x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Injective against SoDEX. 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 SoDEXbpFee InjectivebpOrdersPrice spread, now +2.010%Rate

Funding earned: −$14
Price spread: +2.010% → 0.000%: $201.05
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Injective: 0.01 bp × 2 orders: −$0.02
Net: $179.03
Costs to cover: 0.080%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Injective: 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 SoDEX no order-book sample	—	—	—	—	—
Sell Injective no order-book sample	—	—	—	—	—

SoDEX and Injective: 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	0.2419	−0.142%	$199K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2420	−0.095%	$163K	$7.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2420	−0.078%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2422	−0.018%	$6.2M	$13.6M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2425	+0.107%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERPshort	+0.0033%	1h	0.2471	+2.010%	$849	$202K	12x
Lighter ADA	+0.0096%	1h	0.2424	+0.087%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2424	+0.070%	$41.8M	$17.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2423	+0.041%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2419	−0.120%	$155K	$170K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2423	+0.037%	$101.4M	$404.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2424	+0.070%	$71.3M	$121.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2425	+0.111%	$32.5M	$114.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2421	−0.054%	$98.1M	$63.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2424	+0.070%	$53.5M	$64.6M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2421	−0.041%	$28.9M	$15.7M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2423	+0.029%	$65.9M	$52.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2422	−0.012%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2424	+0.050%	$112K	$469K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2416	−0.255%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2424	+0.087%	$65K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2423	+0.029%	$288K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2422	−0.012%	$150K	$820K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2421	−0.066%	$121K	$883K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2422	−0.012%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2422	−0.001%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2424	+0.068%	$8K	$760K	30x	as long as short
SoDEX ADA-USDlong	+0.0100%	1h	0.2422	long leg	$333	$13K	10x
HTX ADA-USDT	+0.0100%	8h	0.2421	−0.056%	$1.3M	$6.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2423	+0.029%	$47.2M	$7.1M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2421	−0.069%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2421	−0.039%	$527K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2420	−0.095%	$380K	$8.2M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2420	−0.095%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2423	+0.010%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0576%	1h	0.2423	+0.045%	$597K	$552K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0641% / S −0.0618%	1h	0.2421	−0.051%	$143K	—	100x	as long as short