ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 00:00 UTC−0.0585%/8h= −64.0% APRnext payment −$0.73 per $10,000 · paid last 24h −0.117%

Price spread now: Coinbase International against GMX+0.037%7-day average −0.034% · you sell dearer than you buy

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

Long on GMX Short on Coinbase International

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.376%−$38 on $10k

Price spread, last 3 days (all we have)−0.176%−$18 · spread now +0.037%, 7d avg −0.034%

Together, before fees−0.552%−$55 on $10k · with fees, hour by hour

The price spread pays, funding is against you. Coinbase International is 0.071% dearer against GMX than usual: you sell high and buy low (spread +0.037% now, against its 7-day average of −0.034%): +$7 on $10k if it goes back. Holding the pair costs −$18 a day in funding at the current rate, which eats that in about 10 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2457	L +0.0625% / S −0.0393%	pay 0.0078% / 1h	35m 05s	$141K	—	100x
Short	Coinbase International ADA-PERP-INTX	0.2458	0.0040	get 0.0005% / 1h	35m 05s	$417K	$7.3M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Coinbase International against GMX. 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 GMXbpFee Coinbase InternationalbpOrdersPrice spread, now +0.037%Rate

Funding earned: −$122.82
Price spread: +0.037% → −0.034%: $7.11
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Coinbase International: 5 bp × 2 orders: −$10
Net: −$137.71
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Coinbase International: live order book, 4 min ago. 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 GMX no order-book sample	—	—	—	—	—
Sell Coinbase International live order book, 4 min ago	6.13 bp	11.1 bp −$11	15.3 bp −$153	doesn't fit	doesn't fit

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	+0.226%	$203K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2462	+0.200%	$199K	$6.1M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	+0.018%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.567%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXshort	+0.0040%	1h	0.2458	+0.037%	$417K	$7.3M	50x
Kraken Futures PF_ADAUSD	+0.0047%	1h	0.2459	+0.066%	$6.2M	$11.7M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2461	+0.176%	$2.4M	$1.1M	10x	as long as short
Phoenix ADA	+0.0098%	1h	0.2454	−0.133%	$4K	$84K	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2459	+0.097%	$1.2M	$946K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2464	+0.263%	$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	0.2466	+0.343%	$102.2M	$365.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2464	+0.282%	$72.3M	$103.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2466	+0.363%	$32.5M	$107.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	+0.119%	$97.6M	$58.5M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	+0.119%	$52.8M	$51.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2459	+0.090%	$30.1M	$17.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2465	+0.322%	$66.2M	$44.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2465	+0.322%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2463	+0.241%	$116K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	+0.124%	$4.2M	$942K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.192%	$65K	$281K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.166%	$296K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2456	−0.044%	$56K	$583K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	+0.115%	$93K	$645K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2458	+0.037%	$6K	$29K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2459	+0.081%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2460	+0.118%	$9K	$763K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2459	+0.070%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2460	+0.122%	$1.3M	$5.5M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	+0.078%	$48.0M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2465	+0.307%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	+0.302%	$554K	$1.8M	50x	as long as short
Hyperliquid ADA	+0.0115%	1h	0.2467	+0.392%	$43.0M	$14.4M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0197%	1h	0.2459	+0.094%	$494K	$435K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2458	+0.037%	$4.4M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0283%	1h	0.2460	+0.100%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0625% / S −0.0393%	1h	0.2457	long leg	$141K	—	100x