ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0467%/8h= +51.1% APRnext payment +$0.58 per $10,000 · paid last 24h +0.055%

Price spread now: GMX against Coinbase International−0.089%7-day average +0.034% · you buy dearer than you sell

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

Long on Coinbase International Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.194%+$19 on $10k

Price spread, last 4 days (all we have)+0.321%+$32 · spread now −0.089%, 7d avg +0.034%

Together, before fees+0.515%+$51 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.123% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.089% now, against its 7-day average of +0.034%). If the spread goes back, that is −$12 on $10k: about 21 hours of funding at the current rate (+$14 a day). At the pace of the last 3 days (+0.194% in total) that is about 2.1 days.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2470	0.0080	pay 0.0010% / 1h	21m 04s	$427K	$7.7M	50x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2468	L +0.0595% / S −0.0547%	get 0.0068% / 1h	21m 04s	$133K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Coinbase International. 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 Coinbase InternationalbpFee GMXbpOrdersPrice spread, now −0.089%Rate

Funding earned: $98.04
Price spread: −0.089% → +0.034%: −$12.33
Slippage, 4 orders: no order book: not counted
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $63.71
Costs to cover: 0.220%
Break-even: 2.5 days

Slippage unknown: Coinbase International: live order book, 3 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 Coinbase International live order book, 3 min ago	4.05 bp	10.7 bp −$11	17.2 bp −$172	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	0.2471	+0.021%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2468	−0.081%	$154K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2468	−0.067%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.040%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXlong	+0.0080%	1h	0.2470	long leg	$427K	$7.7M	50x
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2470	−0.015%	$6.3M	$12.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2471	+0.057%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2470	−0.004%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2470	+0.020%	$160K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2470	−0.006%	$104.6M	$370.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2469	−0.040%	$72.0M	$108.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2471	+0.040%	$33.0M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2468	−0.081%	$98.5M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2469	−0.040%	$61.5M	$60.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2470	−0.012%	$29.9M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2470	0.000%	$66.5M	$49.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2470	0.000%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2470	−0.020%	$125K	$443K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2470	+0.002%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2471	+0.030%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2470	0.000%	$300K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2473	+0.121%	$228K	$745K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2470	−0.016%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2469	−0.040%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2470	−0.017%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2470	0.000%	$9K	$728K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2470	−0.020%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2469	−0.036%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2469	−0.040%	$48.2M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2468	−0.067%	$537K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2470	−0.004%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0188%	1h	0.2472	+0.069%	$42.9M	$14.7M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2475	+0.182%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2472	+0.081%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2469	−0.021%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0560%	1h	0.2470	+0.012%	$599K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0595% / S −0.0547%	1h	0.2468	−0.089%	$133K	—	100x