ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0389%/8h= +42.5% APRnext payment +$0.49 per $10,000 · paid last 24h +0.071%

Price spread now: GMX against dYdX+0.147%7-day average +0.025% · you sell dearer than you buy

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

Long on dYdX Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.231%+$23 on $10k

Price spread, last 3 days (all we have)+0.046%+$5 · spread now +0.147%, 7d avg +0.025%

Together, before fees+0.277%+$28 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$12 a day on $10k at the current rate, and GMX is 0.122% dearer against dYdX than usual: you sell high and buy low: +$12 more if the spread goes back to its 7-day average of +0.025%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2450	0	get 0.0000% / 1h	44m 16s	$202K	$4K	10x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2453	L +0.0622% / S −0.0389%	get 0.0049% / 1h	44m 16s	$140K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against dYdX. 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 dYdXbpFee GMXbpOrdersPrice spread, now +0.147%Rate

Funding earned: $81.59
Price spread: +0.147% → +0.025%: $12.16
Slippage, 4 orders: no order book: not counted
Fee dYdX: 5 bp × 2 orders: −$10
Fee GMX: 6 bp × 2 orders: −$12
Net: $71.75
Costs to cover: 0.220%
Break-even: 0.8 days

Slippage unknown: dYdX: live order book, 25 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 dYdX live order book, 25 min ago	75.22 bp	238.7 bp −$239	238.8 bp −$2,388	238.8 bp −$23.9K	281.4 bp −$140.7K
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-USDlong	0.0000%	1h	0.2450	long leg	$202K	$4K	10x
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2454	+0.195%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.872%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2452	+0.097%	$410K	$7.4M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2459	+0.362%	$2.4M	$1.0M	10x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2458	+0.344%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2454	+0.196%	$1.2M	$969K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2451	+0.044%	$159K	$158K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	+0.324%	$102.7M	$375.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	+0.301%	$72.3M	$108.4M	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	0.2459	+0.382%	$32.6M	$108.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2457	+0.301%	$98.4M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	+0.301%	$50.3M	$50.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	+0.272%	$30.0M	$18.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	+0.342%	$65.7M	$46.6M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2458	+0.342%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2459	+0.362%	$126K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2453	+0.142%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2458	+0.346%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2457	+0.310%	$296K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2460	+0.423%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	+0.142%	$93K	$656K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	+0.260%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	+0.294%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.179%	$9K	$773K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.301%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2457	+0.317%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2456	+0.260%	$47.8M	$6.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2458	+0.337%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2451	+0.066%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0109%	8h	0.2453	+0.137%	$195K	$6.2M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2457	+0.321%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.382%	$4.4M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2453	+0.139%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2456	+0.279%	$6.2M	$12.1M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0605%	1h	0.2457	+0.305%	$502K	$473K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0622% / S −0.0389%	1h	0.2453	+0.147%	$140K	—	100x