ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0063%/8h= +6.9% APRnext payment +$0.08 per $10,000 · paid last 24h −0.004%

Price spread now: Phoenix against SoDEX+0.289%7-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 Phoenix

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

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Phoenix is 0.289% dearer against SoDEX than usual: you sell high and buy low: +$29 more if the spread goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	SoDEX ADA-USD	0.2457	0.0100	pay 0.0013% / 1h	6m 59s	$338	$13K	10x
Short	Phoenix ADA	0.2465	0.0163	get 0.0020% / 1h	6m 59s	$4K	$90K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.289%Rate

Funding earned: $13.18
Price spread: +0.289% → 0.000%: $28.89
Slippage, 4 orders: no order book: not counted
Fee SoDEX: 4 bp × 2 orders: −$8
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: $27.07
Costs to cover: 0.150%
Break-even: from the start

Slippage unknown: SoDEX: no order-book sample; Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—

SoDEX and 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	0.2460	+0.111%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2461	+0.146%	$145K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	−0.001%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.553%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2461	+0.146%	$405K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2457	−0.005%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.160%	$160K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	−0.098%	$103.8M	$372.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	−0.138%	$71.8M	$110.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	−0.098%	$32.7M	$106.1M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2455	−0.098%	$98.6M	$61.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	−0.138%	$61.6M	$61.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	−0.110%	$29.6M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	−0.098%	$65.9M	$50.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2455	−0.098%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2456	−0.053%	$125K	$445K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2467	+0.391%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2466	+0.350%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2465	+0.312%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.228%	$227K	$738K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2457	−0.033%	$93K	$680K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.024%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.072%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.025%	$8K	$743K	30x	as long as short
SoDEX ADA-USDlong	+0.0100%	1h	0.2457	long leg	$338	$13K	10x
HTX ADA-USDT	+0.0100%	8h	0.2459	+0.060%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	+0.065%	$47.9M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	−0.144%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2462	+0.191%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0123%	1h	0.2456	−0.057%	$42.7M	$14.8M	10x	as long as short
Lighter ADA	+0.0128%	1h	0.2459	+0.061%	$2.4M	$1.1M	10x	as long as short
Phoenix ADAshort	+0.0163%	1h	0.2465	+0.289%	$4K	$90K	10x
BloFin ADA-USDT	+0.0220%	8h	0.2458	+0.024%	$4.5M	$5.7M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2456	−0.046%	$6.2M	$12.7M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2457	−0.018%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0483%	1h	0.2459	+0.065%	$590K	$452K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0484% / S −0.0279%	1h	0.2458	+0.010%	$107K	—	100x	as long as short