ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0493%/8h= −54.0% APRnext payment −$0.62 per $10,000 · paid last 24h −0.111%

Price spread now: Extended against GMX−0.211%7-day average −0.043% · you buy dearer than you sell

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

Long on GMX Short on Extended

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.392%−$39 on $10k

Price spread, last 4 days (all we have)−0.150%−$15 · spread now −0.211%, 7d avg −0.043%

Together, before fees−0.542%+ Points / potential airdropExtended: Active · farm board−$54 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$15 a day on $10k at the current rate, and Extended is 0.168% cheaper against GMX than usual: you would sell low and buy high (−$17 if the spread goes back to its 7-day average of −0.043%). Swap the legs.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2481	L +0.0597% / S −0.0547%	pay 0.0075% / 1h	28m 50s	$134K	—	100x
Short	Extended ADA-USD	0.2476	0.0104	get 0.0013% / 1h	28m 50s	$536K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended against GMX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

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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 ExtendedbpOrdersPrice spread, now −0.211%Rate

Funding earned: −$103.48
Price spread: −0.211% → −0.043%: −$16.84
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$137.33
Costs to cover: 0.170%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Extended: live order book, 5 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 Extended live order book, 5 min ago	2.03 bp	4.5 bp −$5	9.9 bp −$99	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	0.2482	+0.038%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2483	+0.076%	$150K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2481	+0.014%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.407%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2481	−0.004%	$429K	$7.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0091%	1h	0.2482	+0.044%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2482	+0.036%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2478	−0.125%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2483	+0.089%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2477	−0.180%	$105.0M	$370.1M	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	0.2476	−0.206%	$72.2M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2478	−0.125%	$33.0M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2475	−0.246%	$98.9M	$59.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2476	−0.206%	$60.6M	$60.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2476	−0.198%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2476	−0.206%	$66.6M	$49.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2475	−0.246%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	−0.077%	$126K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	−0.244%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	−0.185%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2476	−0.197%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	−0.609%	$227K	$743K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2483	+0.084%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2483	+0.076%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2483	+0.084%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2484	+0.116%	$9K	$731K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2482	+0.056%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2482	+0.054%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2481	−0.004%	$48.4M	$6.6M	50x	as long as short
Extended ADA-USDshort	+0.0104%	1h	0.2476	−0.211%	$536K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0109%	8h	0.2483	+0.078%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0187%	1h	0.2479	−0.069%	$43.0M	$14.8M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2482	+0.016%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2485	+0.157%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2484	+0.117%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0596%	1h	0.2484	+0.108%	$603K	$489K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0597% / S −0.0547%	1h	0.2481	long leg	$134K	—	100x