Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC+0.0443%/8h= +48.5% APRnext payment +$0.55 per $10,000 · paid last 24h +0.050%
Price spread now: GMX against Extended−0.006%7-day average +0.043% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
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)+0.367%+$37 · spread now −0.006%, 7d avg +0.043%
Together, before fees+0.561%+ Points / potential airdropExtended: Active · farm board+$56 on $10k · with fees, hour by hour
Funding pays, the price is against you. GMX is 0.049% cheaper against Extended than usual: you would sell low and buy high (spread −0.006% now, against its 7-day average of +0.043%). If the spread goes back, that is −$5 on $10k: about 9 hours of funding at the current rate (+$13 a day). At the pace of the last 3 days (+0.194% in total) that is about 20 hours.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongExtended ADA-USD0.24710.0104pay 0.0013% / 1h24m 15s$537K$1.8M50x
ShortGMX ADA/USD [WBTC.b-USDC]0.2471L +0.0596% / S −0.0547%get 0.0068% / 1h24m 15s$133K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against Extended. 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

Funding earned
$93
Price spread: −0.006% → +0.043%
−$4.85
Slippage, 4 orders
no order book: not counted
Fee Extended: 2.5 bp × 2 orders
−$5
Fee GMX: 6 bp × 2 orders
−$12
Net
$71.15
Costs to cover
0.170%
Break-even
1.6 days
Slippage unknown: Extended: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Extended live order book, 4 min ago2.02 bp4.5 bp −$57.4 bp −$74doesn't fitdoesn'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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2472+0.027%$203K$2K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2472+0.046%$149K$6.2M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2471+0.021%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.006%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2471+0.006%$425K$7.7M50xas long as short
Kraken Futures PF_ADAUSD+0.0092%1h0.2472+0.061%$6.3M$12.7M50xas long as short
Lighter ADA+0.0096%1h0.2475+0.156%$2.4M$1.1M10xas long as short
Aster ADAUSDT+0.0100%8h0.2473+0.068%$1.2M$985K75xas long as short
Pacifica ADA+0.0100%1h0.2472+0.032%$161K$160K10xas long as short
Binance ADAUSDT+0.0100%8h0.2473+0.071%$104.8M$370.1M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2472+0.046%$72.1M$108.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2474+0.127%$33.0M$105.5M50xas long as short
Gate ADA_USDT+0.0100%8h0.2470−0.034%$98.6M$59.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2472+0.046%$60.2M$60.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2472+0.046%$29.9M$15.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2472+0.046%$66.6M$49.4M75xas long as short
BingX ADA-USDT+0.0100%8h0.2473+0.087%$20.1Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2472+0.030%$125K$442K15xas long as short
Variational Omni ADA+0.0100%8h0.2470−0.033%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2475+0.184%$66K$283K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2475+0.169%$290K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2473+0.087%$228K$744K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2473+0.071%$95K$688K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2472+0.046%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2473+0.068%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2475+0.168%$8K$729K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2472+0.067%$340$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2473+0.084%$1.3M$6.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2472+0.046%$48.2M$6.5M50xas long as short
Extended ADA-USDlong+0.0104%1h0.2471long leg$537K$1.8M50x
Paradex ADA-USD-PERP+0.0110%8h0.2474+0.115%$21K$25020xas long as short
Hyperliquid ADA+0.0191%1h0.2474+0.136%$43.0M$14.7M10xas long as short
Phoenix ADA+0.0195%1h0.2482+0.431%$4K$100K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2473+0.087%$4.5M$5.8M75xas long as short
Reya ADARUSDPERP+0.0278%1h0.2472+0.067%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0478%1h0.2473+0.079%$600K$488K50xas long as short
GMX ADA/USD [WBTC.b-USDC]shortL +0.0596% / S −0.0547%1h0.2471−0.006%$133K100x