ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0169%/8h= +18.5% APRnext payment +$0.21 per $10,000 · paid last 24h +0.051%

Price spread now: GMX against Injective−0.775%57s7-day average +0.297% · you buy dearer than you sell

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

Long on Injective Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.193%+$19 on $10k

Price spread, last 3 days (all we have)+2.193%+$219 · spread now −0.775%, 7d avg +0.297%

Together, before fees+2.386%+$239 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 1.073% cheaper against Injective than usual: you would sell low and buy high (spread −0.775% now, against its 7-day average of +0.297%). If the spread goes back, that is −$107 on $10k: about 21 days of funding at the current rate (+$5 a day). The two prices were read 57 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Injective ADA/USDC PERP	0.2471	0.0033	pay 0.0004% / 1h	57m 36s	$849	$202K	12x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2452	L +0.0416% / S −0.0202%	get 0.0025% / 1h	57m 36s	$95K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Injective. 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 InjectivebpFee GMXbpOrdersPrice spread, now −0.775%Rate

Funding earned: $35.46
Price spread: −0.775% → +0.297%: −$107.25
Slippage, 4 orders: no order book: not counted
Fee Injective: 0.01 bp × 2 orders: −$0.02
Fee GMX: 6 bp × 2 orders: −$12
Net: −$83.81
Costs to cover: 0.120%
Break-even: 23.5 days

Slippage unknown: Injective: no order-book sample; 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 Injective no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Injective and 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 36 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	0.2450	−0.861%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	−0.779%	$84K	—	150x	as long as short
Injective ADA/USDC PERPlong	+0.0033%	1h	0.2471	long leg	$849	$202K	12x
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2452	−0.769%	$411K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2452	−0.786%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2451	−0.830%	$1.2M	$982K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	−0.839%	$157K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.837%	$102.9M	$366.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.890%	$72.3M	$107.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2450	−0.850%	$32.6M	$105.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.931%	$97.8M	$58.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	−0.890%	$64.9M	$53.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2450	−0.854%	$29.8M	$17.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2449	−0.890%	$65.6M	$47.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2450	−0.850%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.805%	$127K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.604%	$4.2M	$991K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	−0.596%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	−0.647%	$289K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.648%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2450	−0.854%	$94K	$672K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2452	−0.769%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	−0.701%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	−0.690%	$9K	$748K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	−0.749%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.736%	$1.3M	$5.9M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	−0.850%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2449	−0.893%	$532K	$1.8M	50x	as long as short
Kalshi KXADAPERP	+0.0106%	8h	0.2452	−0.769%	$126K	$6.2M	3.2x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2450	−0.831%	$21K	$250	20x	as long as short
Lighter ADA	+0.0128%	1h	0.2452	−0.765%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	−0.567%	$4K	$81K	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0239%	1h	0.2454	−0.708%	$502K	$470K	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0262%	1h	0.2451	−0.800%	$6.2M	$12.1M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2449	−0.910%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0416% / S −0.0202%	1h	0.2452	−0.775%	$95K	—	100x