ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0496%/8h= −54.3% APRnext payment −$0.62 per $10,000 · paid last 24h −0.138%

Price spread now: dYdX against GMX+0.074%7-day average −0.016% · you sell dearer than you buy

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

Long on GMX Short on dYdX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.457%−$46 on $10k

Price spread, last 4 days (all we have)−0.289%−$29 · spread now +0.074%, 7d avg −0.016%

Together, before fees−0.746%−$75 on $10k · with fees, hour by hour

The price spread pays, funding is against you. dYdX is 0.091% dearer against GMX than usual: you sell high and buy low (spread +0.074% now, against its 7-day average of −0.016%): +$9 on $10k if it goes back. Holding the pair costs −$15 a day in funding at the current rate, which eats that in about 15 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2430	L +0.0629% / S −0.0728%	pay 0.0079% / 1h	45m 48s	$163K	—	100x
Short	dYdX ADA-USD	0.2432	0.0133	get 0.0017% / 1h	45m 48s	$200K	$2K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

dYdX 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 dYdXbpOrdersPrice spread, now +0.074%Rate

Funding earned: −$104.2
Price spread: +0.074% → −0.016%: $9.06
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee dYdX: 5 bp × 2 orders: −$10
Net: −$117.13
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; dYdX: live order book, 63 min ago. 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 dYdX live order book, 63 min ago	143.70 bp	150.7 bp −$151	152.5 bp −$1,525	152.7 bp −$15.3K	156.5 bp −$78.2K

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	0.2433	+0.113%	$191K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2432	+0.051%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.676%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2432	+0.072%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2431	+0.030%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2433	+0.112%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2432	+0.072%	$102.3M	$410.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2430	−0.011%	$71.9M	$125.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2430	−0.011%	$32.4M	$117.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2430	−0.011%	$99.3M	$64.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2432	+0.072%	$51.7M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2432	+0.067%	$29.3M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2430	−0.011%	$66.0M	$53.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2430	−0.011%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2432	+0.080%	$139K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	+0.281%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2440	+0.401%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2437	+0.258%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2439	+0.360%	$81K	$890K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2431	+0.018%	$125K	$1.2M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2432	+0.065%	$39K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2434	+0.152%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2433	+0.113%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2432	+0.053%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2431	+0.030%	$47.2M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2431	+0.049%	$511K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2434	+0.146%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2438	+0.318%	$375K	$8.6M	50x	as long as short
Lighter ADA	+0.0128%	1h	0.2432	+0.063%	$2.4M	$1.0M	10x	as long as short
dYdX ADA-USDshort	+0.0133%	1h	0.2432	+0.074%	$200K	$2K	10x
Phoenix ADA	+0.0163%	1h	0.2441	+0.438%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2432	+0.051%	$6.3M	$13.8M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2438	+0.318%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2431	+0.011%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0284%	1h	0.2432	+0.084%	$42.7M	$18.2M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0490%	1h	0.2433	+0.096%	$619K	$612K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0629% / S −0.0728%	1h	0.2430	long leg	$163K	—	100x