Funding you earn now, next payment 06:00 UTC+0.0518%/8h= +56.7% APRpaid last 24h +0.056%
Price spread now: GMX against edgeX−0.275%50s7-day average +0.016% · 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)+0.164%+$16 on $10k
+Price spread, last 4 days (all we have)+0.625%+$63 · spread now −0.275%, 7d avg +0.016%
=Together, before fees+0.789%+ Points / potential airdropedgeX: Active · farm board+$79 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.291% cheaper against edgeX than usual: you would sell low and buy high (spread −0.275% now, against its 7-day average of +0.016%). If the spread goes back, that is −$29 on $10k: about 45 hours of funding at the current rate (+$16 a day). At the pace of the last 3 days (+0.164% in total) that is about 6.0 days. The two prices were read 50 seconds apart, so part of this spread may be the market moving, not a spread.
The current funding rate is far above what this pair has been paying: over the last 3 days it paid 0.164% in total (about 17.6% a year). A funding rate is set anew for every payment. 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 | edgeX ADAUSDC | 0.2423 | 0.0100 | pay 0.0050% / 4h | 2h 27m | $65K | $284K | 20x |
| Short | GMX ADA/USD [WBTC.b-USDC] | 0.2417 | L +0.0640% / S −0.0618% | get 0.0077% / 1h | 27m 30s | $143K | — | 100x |
edgeX ADAUSDC
GMX ADA/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against edgeX. 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
- $108.8
- Price spread: −0.275% → +0.016%
- −$29.07
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $58.74
- Costs to cover
- 0.210%
- Break-even
- 3.2 days
Slippage unknown: edgeX: live order book, 20 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 edgeX live order book, 20 min ago | 6.07 bp | 10.6 bp −$11 | 27.2 bp −$272 | 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 | 0.2411 | −0.528% | $198K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2419 | −0.181% | $163K | $7.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2406 | −0.703% | $82K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0020% | 1h | 0.2418 | −0.223% | $6.2M | $13.6M | 50x | as long as short |
| Phoenix ADA | +0.0032% | 1h | 0.2421 | −0.115% | $4K | $105K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.965% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2412 | −0.470% | $2.4M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2407 | −0.656% | $41.4M | $17.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2408 | −0.631% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2411 | −0.506% | $154K | $176K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Phoenix ADA
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2408 | −0.650% | $100.7M | $405.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2407 | −0.676% | $70.6M | $122.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2405 | −0.759% | $31.9M | $115.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2407 | −0.676% | $97.9M | $64.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2407 | −0.676% | $52.6M | $64.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2408 | −0.639% | $28.9M | $15.7M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2408 | −0.635% | $65.6M | $53.1M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2407 | −0.676% | — | $20.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2419 | −0.173% | $112K | $470K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2416 | −0.300% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDClong | +0.0100% | 4h | 0.2423 | long leg | $65K | $284K | 20x | |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2424 | +0.041% | $284K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2425 | +0.066% | $87K | $880K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2405 | −0.746% | $125K | $888K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2406 | −0.718% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2418 | −0.205% | $39K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2420 | −0.142% | $8K | $760K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2418 | −0.222% | $333 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2420 | −0.159% | $1.3M | $6.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2418 | −0.222% | $47.1M | $7.1M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2411 | −0.506% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2409 | −0.601% | $522K | $1.8M | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0104% | 1h | 0.2423 | −0.016% | $381K | $8.3M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2423 | −0.016% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0276% | 1h | 0.2407 | −0.675% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0329% | 1h | 0.2419 | −0.177% | $596K | $552K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]short | L +0.0640% / S −0.0618% | 1h | 0.2417 | −0.275% | $143K | — | 100x |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL