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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 07:00 UTC+0.0674%/8h= +73.8% APRnext payment +$0.84 per $10,000 · paid last 24h +0.091%
Price spread now: GMX against gTrade (Gains Network)+0.002%7-day average · you sell dearer than you buy
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)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before feesneeds both histories
The price spread sits at zero (this spread has no 7-day history yet), so right now this pair is about funding alone: +$20 a day on $10k at the current rate.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ADA/USD0.2452L +0.0005% / S −0.0003%pay 0.0001% / 1h59m 42s$84K150x
ShortGMX ADA/USD [WBTC.b-USDC]0.2452L +0.0602% / S −0.0679%get 0.0085% / 1h59m 42s$156K100x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

GMX against gTrade (Gains Network). 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
$141.56
Price spread: +0.002% → 0.000%
$0.2
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee GMX: 6 bp × 2 orders
−$12
Net
$119.77
Costs to cover
0.220%
Break-even
1.1 days
Slippage unknown: gTrade (Gains Network): 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
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample
Sell GMX no order-book sample
gTrade (Gains Network) 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Kalshi KXADAPERP0.0000%8h0.2452−0.015%$172K$7.6M3.2xas long as short
gTrade (Gains Network) ADA/USDlongL +0.0005% / S −0.0003%1h0.2452long leg$84K150x
dYdX ADA-USD+0.0029%1h0.2450−0.116%$202K$2K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.760%$849$202K12xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2453+0.026%$6K$5K20xas long as short
Hyperliquid ADA+0.0100%1h0.2451−0.064%$43.1M$18.2M10xas long as short
Aster ADAUSDT+0.0100%8h0.2449−0.121%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2450−0.108%$157K$178K10xas long as short
Binance ADAUSDT+0.0100%8h0.2450−0.099%$103.3M$407.2M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2450−0.096%$72.7M$125.1M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2449−0.137%$32.6M$118.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2450−0.096%$100.3M$65.4M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2450−0.096%$53.2M$66.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2451−0.060%$29.4M$16.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2449−0.137%$66.6M$53.5M75xas long as short
BingX ADA-USDT+0.0100%8h0.2451−0.055%$20.2Mas long as short
Variational Omni ADA+0.0100%8h0.2448−0.175%$4.2M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2454+0.068%$66K$288K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2454+0.067%$299K$3.9M10xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2453+0.010%$127K$1.3M10xas long as short
Derive ADA-PERP+0.0100%1h0.2455+0.089%$40K$4K5xas long as short
SunX ADA-USDT+0.0100%8h0.2454+0.066%$8K$756K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2452+0.006%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2454+0.062%$1.3M$7.1M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2452−0.015%$47.5M$7.5M50xas long as short
ApeX Omni ADAUSDT+0.0102%1h0.2462+0.393%$79K$893K50xas long as short
Extended ADA-USD+0.0104%1h0.2450−0.104%$516K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2452−0.031%$21K$25020xas long as short
Lighter ADA+0.0120%1h0.2452−0.019%$2.4M$1.0M10xas long as short
Coinbase International ADA-PERP-INTX+0.0120%1h0.2449−0.137%$366K$8.5M50xas long as short
Backpack ADA_USDC_PERP+0.0120%1h0.2453+0.010%$139K$487K15xas long as short
Phoenix ADA+0.0163%1h0.2453+0.010%$4K$111K10xas long as short
Kraken Futures PF_ADAUSD+0.0170%1h0.2453+0.015%$6.3M$13.9M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2451−0.055%$4.5M$5.9M75xas long as short
Reya ADARUSDPERP+0.0274%1h0.2452−0.014%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0565%1h0.2455+0.095%$625K$616K50xas long as short
GMX ADA/USD [WBTC.b-USDC]shortL +0.0602% / S −0.0679%1h0.2452+0.002%$156K100x