ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC−0.0386%/8h= −42.3% APRnext payment −$0.48 per $10,000 · paid last 24h −0.109%

Price spread now: Polymarket Perps against GMX−0.052%7-day average −0.020% · you buy dearer than you sell

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

Long on GMX Short on Polymarket Perps

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.341%−$34 on $10k

Price spread, last 3 days (all we have)−0.057%−$6 · spread now −0.052%, 7d avg −0.020%

Together, before fees−0.399%−$40 on $10k · with fees, hour by hour

Both sides work against this trade now: funding costs −$12 a day on $10k at the current rate, and Polymarket Perps is 0.032% cheaper against GMX than usual: you would sell low and buy high (−$3 if the spread goes back to its 7-day average of −0.020%). 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 +0.0486% / S −0.0279%	pay 0.0061% / 1h	15m 58s	$109K	—	100x
Short	Polymarket Perps ADA-USD	0.2479	0.0100	get 0.0013% / 1h	15m 58s	$95K	$678K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Polymarket Perps 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 Polymarket PerpsbpOrdersPrice spread, now −0.052%Rate

Funding earned: −$81.11
Price spread: −0.052% → −0.020%: −$3.19
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Net: −$104.3
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Polymarket Perps: live order book, 47 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 Polymarket Perps live order book, 47 min ago	3.05 bp	7.1 bp −$7	8.9 bp −$89	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	−0.059%	$204K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2480	−0.013%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.390%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2480	−0.027%	$413K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2479	−0.059%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2481	−0.006%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2479	−0.056%	$105.4M	$371.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2478	−0.108%	$72.3M	$110.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2476	−0.189%	$33.0M	$106.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2478	−0.108%	$99.7M	$60.5M	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	0.2478	−0.108%	$59.1M	$60.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2479	−0.072%	$29.8M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2475	−0.229%	$66.4M	$49.4M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2479	−0.068%	—	$19.9M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2480	−0.035%	$139K	$433K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2480	−0.027%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2487	+0.236%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2486	+0.203%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2496	+0.618%	$230K	$736K	50x	as long as short
Polymarket Perps ADA-USDshort	+0.0100%	1h	0.2479	−0.052%	$95K	$678K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2481	+0.013%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2482	+0.036%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2481	+0.012%	$9K	$746K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2481	+0.009%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2480	−0.016%	$1.3M	$6.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2481	+0.013%	$48.3M	$6.5M	50x	as long as short
Kalshi KXADAPERP	+0.0102%	8h	0.2480	−0.027%	$160K	$6.3M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2479	−0.074%	$539K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2481	−0.002%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0134%	1h	0.2481	+0.001%	$43.1M	$14.4M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2486	+0.206%	$4K	$90K	10x	as long as short
Lighter ADA	+0.0184%	1h	0.2482	+0.041%	$2.4M	$1.1M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2482	+0.053%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0259%	1h	0.2480	−0.023%	$6.3M	$12.7M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2480	−0.028%	$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	+0.0597%	1h	0.2482	+0.069%	$586K	$442K	50x	as long as short