Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC−0.0600%/8h= −65.8% APRnext payment $0.75 per $10,000 · paid last 24h −0.144%
Price spread now: gTrade (Gains Network) against GMX+0.003%61s7-day average · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: −$18 a day on $10k at the current rate. The two prices were read 61 seconds apart, so part of this spread may be the market moving, not a spread.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ADA/USD [WBTC.b-USDC]0.2461L +0.0604% / S −0.0679%pay 0.0075% / 1h11m 26s$156K100x
ShortgTrade (Gains Network) ADA/USD0.2461L +0.0005% / S −0.0003%get 0.0000% / 1h11m 26s$84K150x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

gTrade (Gains Network) 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

Funding earned
−$126.1
Price spread: +0.003% → 0.000%
$0.28
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$147.82
Costs to cover
0.220%
Break-even
never at this rate
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy GMX no order-book sample
Sell gTrade (Gains Network) no order-book sample
GMX and gTrade (Gains Network): 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 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXADAPERP0.0000%8h0.2462+0.032%$190K$7.6M3.2xas long as short
gTrade (Gains Network) ADA/USDshortL +0.0005% / S −0.0003%1h0.2461+0.003%$84K150x
Injective ADA/USDC PERP+0.0033%1h0.2471+0.398%$849$202K12xas long as short
dYdX ADA-USD+0.0036%1h0.2460−0.034%$202K$2K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2461−0.009%$6K$5K20xas long as short
Aster ADAUSDT+0.0100%8h0.2462+0.020%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2462+0.018%$158K$177K10xas long as short
Binance ADAUSDT+0.0100%8h0.2462+0.017%$103.5M$407.3M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2461−0.009%$73.2M$124.5M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2461−0.009%$32.8M$118.4M50xas long as short
Show all 36 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Gate ADA_USDT+0.0100%8h0.2460−0.049%$100.7M$65.0M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2461−0.009%$51.9M$65.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2461+0.008%$29.4M$16.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2462+0.032%$67.1M$53.3M75xas long as short
BingX ADA-USDC+0.0100%8h0.2461−0.009%$6.5Mas long as short
Variational Omni ADA+0.0100%8h0.2462+0.035%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2462+0.036%$66K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2462+0.032%$294K$3.9M10xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2460−0.041%$128K$1.3M10xas long as short
SunX ADA-USDT+0.0100%8h0.2464+0.113%$8K$757K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2462+0.052%$339$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2464+0.112%$1.3M$7.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2462+0.032%$47.7M$7.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2461−0.017%$516K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0107%8h0.2462+0.030%$21K$25020xas long as short
Coinbase International ADA-PERP-INTX+0.0120%1h0.2462+0.032%$371K$8.5M50xas long as short
ApeX Omni ADAUSDT+0.0124%1h0.2464+0.113%$79K$893K50xas long as short
Lighter ADA+0.0136%1h0.2463+0.056%$2.4M$1.0M10xas long as short
Phoenix ADA+0.0163%1h0.2463+0.089%$4K$111K10xas long as short
Kraken Futures PF_ADAUSD+0.0169%1h0.2463+0.059%$6.4M$13.9M50xas long as short
Backpack ADA_USDC_PERP+0.0181%1h0.2462+0.048%$140K$482K15xas long as short
BloFin ADA-USDT+0.0220%8h0.2463+0.073%$4.5M$5.9M75xas long as short
Reya ADARUSDPERP+0.0274%1h0.2460−0.029%$1K15xas long as short
Hyperliquid ADA+0.0312%1h0.2463+0.061%$43.3M$18.1M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0603%1h0.2464+0.101%$629K$617K50xas long as short
GMX ADA/USD [WBTC.b-USDC]longL +0.0604% / S −0.0679%1h0.2461long leg$156K100x