Funding you earn now, next payment 05:00 UTC+0.0469%/8h= +51.3% APRnext payment +$0.59 per $10,000 · paid last 24h +0.052%
Price spread now: GMX against Polymarket Perps−0.032%7-day average +0.017% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 days (all we have)+0.157%+$16 on $10k
+Price spread, last 4 days (all we have)+0.255%+$25 · spread now −0.032%, 7d avg +0.017%
=Funding pays, the price is against you. GMX is 0.049% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.032% now, against its 7-day average of +0.017%). If the spread goes back, that is −$5 on $10k: about 8 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.157% in total) that is about 25 hours.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.157% in total (about 17.1% a year). A funding rate is set anew for every payment; at this rate the next one is about +$0.59 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 | Polymarket Perps ADA-USD | 0.2500 | 0.0100 | pay 0.0013% / 1h | 31m 41s | $96K | $617K | 10x |
| Short | GMX ADA/USD [WBTC.b-USDC] | 0.2500 | L +0.0616% / S −0.0569% | get 0.0071% / 1h | 31m 41s | $139K | — | 100x |
Polymarket Perps ADA-USD
GMX ADA/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Polymarket Perps. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $98.44
- Price spread: −0.032% → +0.017%
- −$4.9
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $73.54
- Costs to cover
- 0.200%
- Break-even
- 1.8 days
Slippage unknown: Polymarket Perps: live order book, 21 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 Polymarket Perps live order book, 21 min ago | 3.38 bp | 7.4 bp −$7 | 9.3 bp −$93 | doesn't fit | 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 | 0.2501 | +0.013% | $206K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2502 | +0.064% | $152K | $6.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2499 | −0.045% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0025% | 1h | 0.2500 | −0.016% | $6.4M | $13.0M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −1.176% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2500 | −0.016% | $392K | $8.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2504 | +0.144% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2501 | +0.024% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2502 | +0.068% | $161K | $170K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2502 | +0.075% | $106.7M | $383.0M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2501 | +0.024% | $75.0M | $112.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2502 | +0.064% | $33.6M | $111.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2500 | −0.016% | $102.2M | $60.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2501 | +0.024% | $61.3M | $61.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2502 | +0.052% | $30.1M | $15.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2502 | +0.064% | $68.1M | $51.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2502 | +0.064% | — | $6.5M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2508 | +0.306% | $4.4M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2507 | +0.274% | $67K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2507 | +0.264% | $303K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2507 | +0.264% | $231K | $753K | 50x | as long as short |
| Polymarket Perps ADA-USDlong | +0.0100% | 1h | 0.2500 | long leg | $96K | $617K | 10x | |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2500 | −0.016% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2501 | +0.019% | $41K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2501 | +0.022% | $9K | $738K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2500 | +0.004% | $344 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2500 | −0.020% | $1.4M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2500 | −0.016% | $48.7M | $6.9M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2502 | +0.055% | $542K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0113% | 8h | 0.2500 | +0.003% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2508 | +0.296% | $4K | $95K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2501 | +0.024% | $4.6M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0277% | 1h | 0.2499 | −0.037% | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.0311% | 1h | 0.2500 | −0.004% | $139K | $461K | 15x | as long as short |
| Hyperliquid ADA | +0.0474% | 1h | 0.2504 | +0.148% | $44.8M | $16.0M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0550% | 1h | 0.2502 | +0.052% | $621K | $523K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]short | L +0.0616% / S −0.0569% | 1h | 0.2500 | −0.032% | $139K | — | 100x |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Backpack ADA_USDC_PERP
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL