Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC−0.0501%/8h= −54.9% APRnext payment $0.63 per $10,000 · paid last 24h −0.133%
Price spread now: gTrade (Gains Network) against GMX−0.014%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$15 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ADA/USD [WBTC.b-USDC]0.2450L +0.0504% / S −0.0263%pay 0.0063% / 1h1m 59s$110K100x
ShortgTrade (Gains Network) ADA/USD0.2450L +0.0005% / S −0.0003%get 0.0000% / 1h1m 59s$84K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$105.24
Price spread: −0.014% → 0.000%
−$1.39
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$128.62
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell gTrade (Gains Network) no order-book sample
GMX and gTrade (Gains Network): 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2450−0.011%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2452+0.076%$153K$5.9M3.2xas long as short
Deribit ADA_USDC-PERPETUAL0.0000%1h0.2451+0.031%$476K$353K50xas long as short
gTrade (Gains Network) ADA/USDshortL +0.0005% / S −0.0003%1h0.2450−0.014%$84K150x
Coinbase International ADA-PERP-INTX+0.0056%1h0.2454+0.158%$407K$7.2M50xas long as short
Lighter ADA+0.0096%1h0.2451+0.043%$2.4M$1.3M10xas long as short
Hyperliquid ADA+0.0100%1h0.2450+0.007%$42.5M$14.6M10xas long as short
Aster ADAUSDT+0.0100%8h0.2450+0.002%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2450+0.011%$157K$147K10xas long as short
Binance ADAUSDT+0.0100%8h0.2450−0.026%$101.5M$355.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2450−0.006%$70.5M$99.9M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2449−0.047%$31.8M$105.2M50xas long as short
Gate ADA_USDT+0.0100%8h0.2448−0.087%$96.5M$58.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2449−0.047%$52.6M$56.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2450−0.022%$30.3M$18.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2450−0.006%$65.6M$42.8M75xas long as short
BingX ADA-USDT+0.0100%8h0.2450−0.006%$20.4Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2450+0.007%$101K$413K15xas long as short
Variational Omni ADA+0.0100%8h0.2444−0.235%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2445−0.192%$65K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2445−0.226%$295K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2444−0.251%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2450+0.011%$96K$624K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2451+0.035%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2451+0.045%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2451+0.033%$9K$758K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2450−0.018%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2451+0.016%$1.3M$5.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2450−0.006%$47.8M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2451+0.033%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2449−0.035%$556K$1.8M50xas long as short
Phoenix ADA+0.0195%1h0.2446−0.153%$4K$82K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2449−0.047%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0286%1h0.2450+0.006%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0337%1h0.2450−0.017%$6.2M$11.4M50xas long as short
GMX ADA/USD [WBTC.b-USDC]longL +0.0504% / S −0.0263%1h0.2450long leg$110K100x
Injective ADA/USDC PERP+0.0533%1h0.2445−0.210%$840$168K12xas long as short