ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0143%/8h= +15.7% APRnext payment +$0.18 per $10,000 · paid last 24h +0.077%

Price spread now: GMX against Coinbase International+0.070%7-day average +0.030% · you sell dearer than you buy

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)+0.220%+$22 on $10k

Price spread, last 4 days (all we have)+0.058%+$6 · spread now +0.070%, 7d avg +0.030%

Together, before fees+0.278%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and GMX is 0.040% dearer against Coinbase International than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.030%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2439	0.0152	pay 0.0019% / 1h	32m 02s	$365K	$8.4M	50x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2441	L +0.0368% / S −0.0295%	get 0.0037% / 1h	32m 02s	$87K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now +0.070%Rate

Funding earned: $30.04
Price spread: +0.070% → +0.030%: $4.02
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $12.06
Costs to cover: 0.220%
Break-even: 4.2 days

Slippage unknown: Coinbase International: 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 Coinbase International live order book, 2 min ago	4.09 bp	13.6 bp −$14	19.8 bp −$198	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
Kalshi KXADAPERP	0.0000%	8h	0.2443	+0.164%	$190K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	+0.057%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.312%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	+0.123%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	+0.135%	$42.9M	$18.5M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2441	+0.101%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2442	+0.138%	$156K	$181K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2442	+0.109%	$103.2M	$406.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2440	+0.041%	$72.5M	$127.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2442	+0.123%	$32.5M	$117.8M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2439	0.000%	$99.7M	$62.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2440	+0.041%	$58.7M	$68.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2441	+0.074%	$29.3M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2441	+0.082%	$66.3M	$53.8M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2440	+0.041%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2441	+0.094%	$136K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	+0.537%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	+0.515%	$65K	$288K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2452	+0.516%	$290K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2459	+0.820%	$75K	$895K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2440	+0.021%	$116K	$1.4M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2442	+0.123%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.596%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.197%	$8K	$751K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2441	+0.086%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2442	+0.129%	$1.3M	$7.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2442	+0.123%	$47.2M	$7.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2441	+0.097%	$541K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2443	+0.154%	$20K	—	20x	as long as short
Coinbase International ADA-PERP-INTXlong	+0.0152%	1h	0.2439	long leg	$365K	$8.4M	50x
Phoenix ADA	+0.0163%	1h	0.2451	+0.480%	$2K	$113K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0200%	1h	0.2441	+0.090%	$6.3M	$14.0M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2448	+0.369%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0272%	1h	0.2438	−0.041%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0368% / S −0.0295%	1h	0.2441	+0.070%	$87K	—	100x
Deribit ADA_USDC-PERPETUAL	+0.0487%	1h	0.2443	+0.176%	$634K	$739K	50x	as long as short
dYdX ADA-USD	+0.0733%	1h	0.2442	+0.129%	$203K	$3K	10x	as long as short