ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0430%/8h= −47.1% APRnext payment −$0.54 per $10,000 · paid last 24h −0.117%

Price spread now: Coinbase International against GMX−0.030%7-day average −0.036% · you buy dearer than you sell

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.383%−$38 on $10k

Price spread, last 3 days (all we have)−0.098%−$10 · spread now −0.030%, 7d avg −0.036%

Together, before fees−0.481%−$48 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.036%, so right now this pair is about funding alone: −$13 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2481	L +0.0486% / S −0.0279%	pay 0.0061% / 1h	16m 34s	$109K	—	100x
Short	Coinbase International ADA-PERP-INTX	0.2480	0.0056	get 0.0007% / 1h	16m 34s	$414K	$7.7M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now −0.030%Rate

Funding earned: −$90.38
Price spread: −0.030% → −0.036%: $0.6
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$111.78
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 2 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 2 min ago	4.03 bp	11.0 bp −$11	17.5 bp −$175	doesn't fit	doesn't fit

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	0.2479	−0.062%	$204K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2479	−0.055%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.393%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0056%	1h	0.2480	−0.030%	$414K	$7.7M	50x
Aster ADAUSDT	+0.0100%	8h	0.2480	−0.048%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2481	−0.009%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2480	−0.033%	$105.4M	$371.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2479	−0.070%	$72.3M	$110.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2481	+0.010%	$33.0M	$107.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2479	−0.070%	$99.7M	$60.4M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2479	−0.070%	$59.2M	$60.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2480	−0.022%	$29.9M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2480	−0.030%	$66.6M	$49.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2480	−0.030%	—	$19.9M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2482	+0.071%	$139K	$433K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2495	+0.576%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2487	+0.233%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2486	+0.201%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2496	+0.615%	$230K	$736K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2480	−0.010%	$95K	$678K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2481	+0.010%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2480	−0.012%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2483	+0.090%	$9K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2480	−0.010%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2481	+0.027%	$1.3M	$6.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2481	+0.010%	$48.3M	$6.5M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2480	−0.030%	$160K	$6.3M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2480	−0.036%	$539K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2481	−0.004%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0134%	1h	0.2482	+0.041%	$43.2M	$14.4M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2486	+0.204%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0176%	1h	0.2482	+0.047%	$2.4M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2482	+0.051%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0259%	1h	0.2480	−0.038%	$6.3M	$12.7M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2480	−0.011%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0486% / S −0.0279%	1h	0.2481	long leg	$109K	—	100x
Deribit ADA_USDC-PERPETUAL	+0.0557%	1h	0.2482	+0.031%	$586K	$442K	50x	as long as short