ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 01:00 UTC−0.0007%/8h= −0.8% APRnext payment −$0.01 per $10,000 · paid last 24h +0.044%

Price spread now: GMX against Deribit−0.086%7-day average −0.024% · you buy dearer than you sell

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

Long on Deribit Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.087%+$9 on $10k

Price spread, last 3 days (all we have)+0.115%+$11 · spread now −0.086%, 7d avg −0.024%

Together, before fees+0.202%+$20 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: GMX is 0.062% cheaper against Deribit than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.024%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Deribit ADA_USDC-PERPETUAL	0.2462	0.0400	pay 0.0050% / 1h	35m 38s	$495K	$435K	50x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2460	L +0.0625% / S −0.0393%	get 0.0049% / 1h	35m 38s	$142K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Deribit. 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 DeribitbpFee GMXbpOrdersPrice spread, now −0.086%Rate

Funding earned: −$1.51
Price spread: −0.086% → −0.024%: −$6.24
Slippage, 4 orders: no order book: not counted
Fee Deribit: 3.5 bp × 2 orders: −$7
Fee GMX: 6 bp × 2 orders: −$12
Net: −$26.75
Costs to cover: 0.190%
Break-even: never at this rate

Slippage unknown: Deribit: live order book, 38 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 Deribit live order book, 38 min ago	2.46 bp	10.0 bp −$10	16.0 bp −$160	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	0.2463	+0.005%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2463	+0.020%	$189K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2461	−0.079%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.345%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0040%	1h	0.2455	−0.305%	$412K	$7.2M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2462	−0.017%	$6.2M	$11.6M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2465	+0.106%	$2.5M	$1.1M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2454	−0.353%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2462	−0.012%	$1.2M	$946K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.042%	$158K	$145K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2464	+0.052%	$102.1M	$364.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	+0.061%	$72.2M	$103.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2464	+0.061%	$32.5M	$106.9M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	−0.102%	$97.6M	$58.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2464	+0.061%	$52.9M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	+0.041%	$30.2M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2464	+0.061%	$66.2M	$43.9M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2464	+0.061%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.028%	$117K	$416K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.097%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.412%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.386%	$296K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.305%	$55K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	−0.065%	$93K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	−0.061%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2462	−0.008%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2463	+0.020%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2462	−0.012%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2463	+0.001%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2461	−0.061%	$48.1M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2465	+0.086%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2462	−0.021%	$553K	$1.8M	50x	as long as short
Hyperliquid ADA	+0.0111%	1h	0.2464	+0.073%	$42.9M	$14.3M	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2456	−0.264%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2461	−0.060%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUALlong	+0.0400%	1h	0.2462	long leg	$495K	$435K	50x
GMX ADA/USD [WBTC.b-USDC]short	L +0.0625% / S −0.0393%	1h	0.2460	−0.086%	$142K	—	100x