ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 09:00 UTC−0.0270%/8h= −29.5% APRnext payment −$0.34 per $10,000 · paid last 24h −0.122%

Price spread now: SoDEX against GMX+0.040%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 SoDEX

What this pair did over the last

the charts below follow

Funding, last 4 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. SoDEX is 0.040% dearer against GMX than usual: you sell high and buy low (spread +0.040% now, against zero (this spread has no 7-day history yet)): +$4 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 12 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2456	L +0.0370% / S −0.0295%	pay 0.0046% / 1h	57m 31s	$87K	—	100x
Short	SoDEX ADA-USD	0.2457	0.0100	get 0.0013% / 1h	57m 31s	$338	$13K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

SoDEX 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 SoDEXbpOrdersPrice spread, now +0.040%Rate

Funding earned: −$56.65
Price spread: +0.040% → 0.000%: $4.03
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee SoDEX: 4 bp × 2 orders: −$8
Net: −$72.61
Costs to cover: 0.200%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; SoDEX: 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 SoDEX no order-book sample	—	—	—	—	—

GMX and SoDEX: 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
Phemex ADAUSDT	−0.1162%	8h	0.2455	−0.021%	$47.5M	$7.6M	50x	as long as short
dYdX ADA-USD	0.0000%	1h	0.2458	+0.107%	$202K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	+0.199%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.631%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2460	+0.179%	$2.4M	$996K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2457	+0.061%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2460	+0.202%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2458	+0.114%	$157K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2461	+0.211%	$104.1M	$407.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2460	+0.183%	$73.4M	$127.2M	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	0.2460	+0.183%	$32.8M	$119.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2458	+0.101%	$100.8M	$61.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	+0.183%	$52.4M	$66.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.167%	$29.7M	$16.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2460	+0.183%	$66.8M	$54.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2459	+0.142%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2454	−0.055%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2455	−0.036%	$66K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.101%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2454	−0.061%	$76K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	+0.187%	$117K	$1.4M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2453	−0.104%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2458	+0.108%	$8K	$754K	30x	as long as short
SoDEX ADA-USDshort	+0.0100%	1h	0.2457	+0.040%	$338	$13K	10x
HTX ADA-USDT	+0.0100%	8h	0.2457	+0.046%	$1.3M	$7.2M	75x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2460	+0.201%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2459	+0.157%	$505K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0105%	8h	0.2459	+0.142%	$232K	$7.7M	3.2x	as long as short
Coinbase International ADA-PERP-INTX	+0.0152%	1h	0.2458	+0.101%	$366K	$8.5M	50x	as long as short
Backpack ADA_USDC_PERP	+0.0162%	1h	0.2456	+0.008%	$142K	$486K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0199%	1h	0.2456	+0.025%	$6.4M	$14.1M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2454	−0.061%	$4.5M	$5.9M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2460	+0.179%	$3K	$113K	10x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2460	+0.165%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0369%	1h	0.2463	+0.293%	$43.6M	$18.3M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0370% / S −0.0295%	1h	0.2456	long leg	$87K	—	100x
Deribit ADA_USDC-PERPETUAL	+0.0483%	1h	0.2458	+0.110%	$638K	$738K	50x	as long as short