ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 06:00 UTC+0.0565%/8h= +61.9% APRnext payment +$0.71 per $10,000 · paid last 24h +0.039%

Price spread now: GMX against Kraken Futures−0.019%7-day average −0.002% · you buy dearer than you sell

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

Long on Kraken Futures Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.151%+$15 on $10k

Price spread, last 4 days (all we have)+0.023%+$2 · spread now −0.019%, 7d avg −0.002%

Together, before fees+0.174%+$17 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.002%, so right now this pair is about funding alone: +$17 a day on $10k at the current rate.

The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.151% in total (about 16.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.71 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Kraken Futures PF_ADAUSD	0.2442	0.0020	pay 0.0002% / 1h	36m 43s	$6.2M	$13.3M	50x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2442	L +0.0620% / S −0.0585%	get 0.0073% / 1h	36m 43s	$138K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Kraken Futures. 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 Kraken FuturesbpFee GMXbpOrdersPrice spread, now −0.019%Rate

Funding earned: $118.75
Price spread: −0.019% → −0.002%: −$1.79
Slippage, 4 orders: no order book: not counted
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $94.96
Costs to cover: 0.220%
Break-even: 1.4 days

Slippage unknown: Kraken Futures: live order book, 2 min ago; GMX: 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 Kraken Futures live order book, 2 min ago	0.20 bp	9.1 bp −$9	12.8 bp −$128	52.3 bp −$5,235	doesn't fit
Sell GMX no order-book sample	—	—	—	—	—

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	0.2441	−0.047%	$201K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2442	−0.009%	$157K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2442	+0.009%	$83K	—	150x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0020%	1h	0.2442	long leg	$6.2M	$13.3M	50x
Phoenix ADA	+0.0032%	1h	0.2444	+0.077%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.178%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2445	+0.109%	$2.4M	$989K	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2443	+0.040%	$42.2M	$17.0M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2443	+0.029%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.029%	$156K	$170K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2443	+0.049%	$103.1M	$396.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2442	−0.009%	$71.2M	$119.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2444	+0.073%	$32.6M	$112.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2441	−0.050%	$98.7M	$63.2M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2442	−0.009%	$57.9M	$63.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2442	+0.003%	$29.3M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2443	+0.032%	$66.4M	$52.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2442	−0.009%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2443	+0.028%	$115K	$469K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.568%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2443	+0.034%	$65K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2440	−0.074%	$291K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2440	−0.091%	$226K	$761K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2442	−0.013%	$111K	$785K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2443	+0.032%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2443	+0.026%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2443	+0.032%	$8K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2442	+0.011%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2440	−0.077%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2443	+0.032%	$47.6M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2443	+0.048%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2442	+0.006%	$531K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0104%	1h	0.2442	−0.009%	$380K	$8.2M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2446	+0.155%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2443	+0.013%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0405%	1h	0.2445	+0.093%	$601K	$550K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0620% / S −0.0585%	1h	0.2442	−0.019%	$138K	—	100x