ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC−0.0435%/8h= −47.6% APRnext payment −$0.54 per $10,000 · paid last 24h −0.115%

Price spread now: Phoenix against GMX+0.123%7-day average — · you sell dearer than you buy

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

Long on GMX Short on Phoenix

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

The price spread pays, funding is against you. Phoenix is 0.123% dearer against GMX than usual: you sell high and buy low (spread +0.123% now, against zero (this spread has no 7-day history yet)): +$12 on $10k if it goes back. Holding the pair costs −$13 a day in funding at the current rate, which eats that in about 23 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2449	L +0.0564% / S −0.0313%	pay 0.0071% / 1h	30m 33s	$122K	—	100x
Short	Phoenix ADA	0.2452	0.0130	get 0.0016% / 1h	30m 33s	$4K	$78K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Phoenix 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 PhoenixbpOrdersPrice spread, now +0.123%Rate

Funding earned: −$91.27
Price spread: +0.123% → 0.000%: $12.29
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Phoenix: 3.5 bp × 2 orders: −$7
Net: −$97.98
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Phoenix: 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 GMX no order-book sample	—	—	—	—	—
Sell Phoenix no order-book sample	—	—	—	—	—

GMX and Phoenix: 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	0.2444	−0.202%	$201K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2450	+0.025%	$175K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	+0.009%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2450	+0.025%	$404K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2445	−0.159%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2445	−0.159%	$42.3M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2444	−0.202%	$1.2M	$927K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2445	−0.198%	$157K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2444	−0.221%	$101.6M	$362.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2443	−0.261%	$70.9M	$103.0M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2445	−0.179%	$32.2M	$106.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	−0.261%	$97.1M	$59.6M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2444	−0.220%	$52.8M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2444	−0.228%	$30.0M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2444	−0.220%	$65.6M	$43.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2443	−0.261%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2450	+0.004%	$110K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2449	−0.007%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	+0.141%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2454	+0.185%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	+0.188%	$56K	$582K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	−0.008%	$90K	$631K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	+0.025%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	+0.014%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	+0.024%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	+0.004%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2449	−0.008%	$1.3M	$5.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.016%	$47.8M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2443	−0.241%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2443	−0.257%	$554K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0113%	1h	0.2449	+0.003%	$6.2M	$11.6M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0117%	1h	0.2450	+0.021%	$492K	$430K	50x	as long as short
Phoenix ADAshort	+0.0130%	1h	0.2452	+0.123%	$4K	$78K	10x
BloFin ADA-USDT	+0.0220%	8h	0.2448	−0.057%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+0.882%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2449	−0.011%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0564% / S −0.0313%	1h	0.2449	long leg	$122K	—	100x