ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC−0.0521%/8h= −57.0% APRnext payment −$0.65 per $10,000 · paid last 24h −0.108%

Price spread now: Deribit against GMX+0.053%7-day average +0.022% · you sell dearer than you buy

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

Long on GMX Short on Deribit

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.263%−$26 on $10k

Price spread, last 3 days (all we have)−0.162%−$16 · spread now +0.053%, 7d avg +0.022%

Together, before fees−0.425%−$42 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Deribit is 0.031% dearer against GMX than usual: you sell high and buy low (spread +0.053% now, against its 7-day average of +0.022%): +$3 on $10k if it goes back. Holding the pair costs −$16 a day in funding at the current rate, which eats that in about 5 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2447	L +0.0521% / S −0.0277%	pay 0.0065% / 1h	44m 52s	$113K	—	100x
Short	Deribit ADA_USDC-PERPETUAL	0.2448	0	get 0.0000% / 1h	44m 52s	$475K	$353K	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Deribit 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 DeribitbpOrdersPrice spread, now +0.053%Rate

Funding earned: −$109.35
Price spread: +0.053% → +0.022%: $3.1
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Deribit: 3.5 bp × 2 orders: −$7
Net: −$125.25
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Deribit: live order book, 44 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 Deribit live order book, 44 min ago	24.09 bp	29.4 bp −$29	doesn't fit	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	0.2447	+0.013%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2448	+0.037%	$153K	$5.8M	3.2x	as long as short
Deribit ADA_USDC-PERPETUALshort	0.0000%	1h	0.2448	+0.053%	$475K	$353K	50x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2447	0.000%	$87K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2446	−0.045%	$409K	$7.2M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2446	−0.057%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2445	−0.106%	$42.4M	$14.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2446	−0.028%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2447	+0.009%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2444	−0.116%	$100.6M	$354.3M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2444	−0.127%	$70.4M	$99.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	−0.127%	$32.1M	$104.3M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	−0.168%	$96.8M	$57.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2444	−0.127%	$52.6M	$56.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2445	−0.065%	$30.4M	$18.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2444	−0.127%	$65.4M	$42.7M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2444	−0.127%	—	$20.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2446	−0.033%	$101K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2446	−0.065%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2448	+0.017%	$65K	$280K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2446	−0.028%	$286K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2447	−0.004%	$55K	$579K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2447	+0.012%	$96K	$679K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2448	+0.037%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2448	+0.037%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2448	+0.036%	$9K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2447	−0.012%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2447	+0.002%	$1.3M	$4.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2446	−0.045%	$47.8M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2448	+0.035%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2444	−0.116%	$560K	$1.8M	50x	as long as short
Phoenix ADA	+0.0195%	1h	0.2449	+0.090%	$4K	$82K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2447	−0.004%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2447	+0.015%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0337%	1h	0.2447	−0.008%	$6.2M	$11.5M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0521% / S −0.0277%	1h	0.2447	long leg	$113K	—	100x
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.405%	$844	$95K	12x	as long as short