Funding you earn now, next payment 08:00 UTC+0.0195%/8h= +21.4% APRpaid last 24h +0.071%
Price spread now: GMX against edgeX−0.276%70s7-day average +0.012% · 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)+0.182%+$18 on $10k
+Price spread, last 4 days (all we have)+0.446%+$45 · spread now −0.276%, 7d avg +0.012%
=Together, before fees+0.628%+ Points / potential airdropedgeX: Active · farm board+$63 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.289% cheaper against edgeX than usual: you would sell low and buy high (spread −0.276% now, against its 7-day average of +0.012%). If the spread goes back, that is −$29 on $10k: about 4.9 days of funding at the current rate (+$6 a day). The two prices were read 70 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 | edgeX ADAUSDC | 0.2443 | 0.0100 | pay 0.0050% / 4h | 23m 48s | $65K | $287K | 20x |
| Short | GMX ADA/USD [WBTC.b-USDC] | 0.2436 | L +0.0369% / S −0.0295% | get 0.0037% / 1h | 23m 48s | $86K | — | 100x |
edgeX ADAUSDC
GMX ADA/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against edgeX. 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
- $40.96
- Price spread: −0.276% → +0.012%
- −$28.86
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$8.9
- Costs to cover
- 0.210%
- Break-even
- 8.5 days
Slippage unknown: edgeX: live order book, 14 min ago; GMX: 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 edgeX live order book, 14 min ago | 8.19 bp | 12.7 bp −$13 | 29.4 bp −$294 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
GMX: 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 | 0.2435 | −0.335% | $200K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2436 | −0.261% | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.157% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2438 | −0.185% | $2.4M | $1.0M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2436 | −0.275% | $6K | $5K | 20x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2438 | −0.189% | $42.8M | $18.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2437 | −0.215% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2436 | −0.271% | $156K | $180K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2438 | −0.209% | $102.8M | $407.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2437 | −0.234% | $72.5M | $126.3M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Orderly PERP_ADA_USDC
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2437 | −0.234% | $32.4M | $117.9M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2436 | −0.275% | $99.5M | $65.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2436 | −0.275% | $51.7M | $65.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2437 | −0.230% | $29.5M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2437 | −0.234% | $66.2M | $53.9M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2438 | −0.193% | — | $20.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2438 | −0.177% | $138K | $485K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2436 | −0.273% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDClong | +0.0100% | 4h | 0.2443 | long leg | $65K | $287K | 20x | |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2443 | +0.010% | $295K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | −0.030% | $77K | $894K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2437 | −0.251% | $121K | $1.3M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2436 | −0.265% | $39K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2439 | −0.171% | $8K | $755K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2437 | −0.255% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2437 | −0.241% | $1.3M | $7.1M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2436 | −0.275% | $47.2M | $7.6M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0101% | 8h | 0.2437 | −0.234% | $233K | $7.7M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0103% | 8h | 0.2436 | −0.280% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2436 | −0.261% | $512K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0144% | 1h | 0.2437 | −0.234% | $378K | $8.4M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2439 | −0.153% | $4.5M | $5.8M | 75x | as long as short |
| Phoenix ADA | +0.0228% | 1h | 0.2439 | −0.165% | $2K | $112K | 10x | as long as short |
| Reya ADARUSDPERP | +0.0273% | 1h | 0.2436 | −0.278% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0281% | 1h | 0.2436 | −0.262% | $6.3M | $14.0M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]short | L +0.0369% / S −0.0295% | 1h | 0.2436 | −0.276% | $86K | — | 100x | |
| Deribit ADA_USDC-PERPETUAL | +0.0489% | 1h | 0.2438 | −0.193% | $621K | $614K | 50x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Phoenix ADA
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
Deribit ADA_USDC-PERPETUAL