Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0120%/8h= +13.2% APRpaid last 24h +0.051%

Price spread now: GMX against Gate+0.116%7-day average +0.052% · you sell dearer than you buy

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

Long on Gate Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.148%+$15 on $10k

Price spread, last 3 days (all we have)+0.013%+$1 · spread now +0.116%, 7d avg +0.052%

Together, before fees+0.161%+$16 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.064% dearer against Gate than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.052%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2448	0.0082	pay 0.0082% / 8h	6h 33m	$97.5M	$59.6M	75x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2451	L +0.0415% / S −0.0202%	get 0.0025% / 1h	33m 02s	$95K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Gate. 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 GatebpFee GMXbpOrdersPrice spread, now +0.116%Rate

Funding earned: $25.24
Price spread: +0.116% → +0.052%: $6.44
Slippage, 4 orders: no order book: not counted
Fee Gate: 7.5 bp × 2 orders: −$15
Fee GMX: 6 bp × 2 orders: −$12
Net: $4.68
Costs to cover: 0.270%
Break-even: 5.7 days

Slippage unknown: Gate: live order book, 1 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 Gate live order book, 1 min ago	2.04 bp	12.7 bp −$13	17.8 bp −$178	96.0 bp −$9,598	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 36 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	0.2452	+0.164%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	+0.096%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.940%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2450	+0.082%	$403K	$7.4M	50x	as long as short
Gate ADA_USDTlong	+0.0082%	8h	0.2448	long leg	$97.5M	$59.6M	75x
Hyperliquid ADA	+0.0100%	1h	0.2450	+0.081%	$42.7M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	+0.123%	$1.2M	$975K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	+0.144%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	+0.094%	$102.4M	$375.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2450	+0.082%	$72.0M	$109.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2453	+0.204%	$32.5M	$108.2M	50x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2448	0.000%	$49.3M	$51.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	+0.143%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	+0.041%	$65.4M	$47.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2450	+0.082%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2448	+0.016%	$125K	$423K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	+0.168%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	+0.219%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	+0.208%	$290K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.245%	$56K	$589K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2451	+0.106%	$92K	$665K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	+0.123%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	+0.158%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2452	+0.161%	$9K	$771K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2451	+0.114%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2450	+0.083%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	+0.041%	$47.7M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2451	+0.116%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2452	+0.168%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0113%	8h	0.2452	+0.163%	$153K	$6.3M	3.2x	as long as short
Lighter ADA	+0.0128%	1h	0.2450	+0.078%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.376%	$4K	$87K	10x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2451	+0.103%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0355%	1h	0.2449	+0.021%	$6.2M	$12.2M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0415% / S −0.0202%	1h	0.2451	+0.116%	$95K	—	100x
Deribit ADA_USDC-PERPETUAL	+2.4766%	1h	0.2512	+2.602%	$513K	$472K	50x	as long as short