ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.054%

Price spread now: GMX against Phoenix−0.140%7-day average — · you buy dearer than you sell

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

Long on Phoenix Short on GMX

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 days—no price history on both exchanges yet

Together, before fees—needs both histories

Funding pays, the price is against you. GMX is 0.140% cheaper against Phoenix than usual: you would sell low and buy high (spread −0.140% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$14 on $10k: about 2.6 days of funding at the current rate (+$5 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Phoenix ADA	0.2440	0.0130	pay 0.0016% / 1h	23m 11s	$4K	$78K	10x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2436	L +0.0563% / S −0.0313%	get 0.0039% / 1h	23m 11s	$121K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Phoenix. 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 PhoenixbpFee GMXbpOrdersPrice spread, now −0.140%Rate

Funding earned: $38.37
Price spread: −0.140% → 0.000%: −$14.02
Slippage, 4 orders: no order book: not counted
Fee Phoenix: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: $5.36
Costs to cover: 0.190%
Break-even: 6.0 days

Slippage unknown: Phoenix: 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 Phoenix no order-book sample	—	—	—	—	—
Sell GMX no order-book sample	—	—	—	—	—

Phoenix 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 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	0.2436	−0.163%	$200K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2436	−0.152%	$186K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2437	−0.129%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2436	−0.152%	$402K	$7.3M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2439	−0.016%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2437	−0.090%	$42.2M	$14.2M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2437	−0.097%	$1.2M	$929K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2436	−0.168%	$156K	$145K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2438	−0.060%	$101.2M	$364.8M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2438	−0.070%	$70.9M	$103.8M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	+0.012%	$32.2M	$106.6M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2435	−0.193%	$96.7M	$60.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2437	−0.111%	$51.9M	$50.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2435	−0.172%	$29.8M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2437	−0.111%	$65.5M	$43.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2437	−0.111%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2434	−0.221%	$103K	$419K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2437	−0.102%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2435	−0.184%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2439	−0.045%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2434	−0.234%	$55K	$581K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2436	−0.156%	$92K	$638K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2437	−0.111%	$6K	$31K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2437	−0.091%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2438	−0.071%	$9K	$766K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2437	−0.090%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2435	−0.173%	$1.3M	$5.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2437	−0.111%	$47.6M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2436	−0.166%	$20K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2437	−0.109%	$551K	$1.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0114%	1h	0.2438	−0.084%	$6.1M	$11.7M	50x	as long as short
Phoenix ADAlong	+0.0130%	1h	0.2440	long leg	$4K	$78K	10x
BloFin ADA-USDT	+0.0220%	8h	0.2436	−0.152%	$4.4M	$5.5M	75x	as long as short
Injective ADA/USDC PERP	+0.0254%	1h	0.2471	+1.283%	$849	$202K	12x	as long as short
Reya ADARUSDPERP	+0.0284%	1h	0.2437	−0.129%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0563% / S −0.0313%	1h	0.2436	−0.140%	$121K	—	100x
Deribit ADA_USDC-PERPETUAL	+0.3484%	1h	0.2446	+0.271%	$492K	$430K	50x	as long as short