ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC−0.0459%/8h= −50.2% APRnext payment −$0.57 per $10,000 · paid last 24h −0.099%

Price spread now: Kraken Futures against GMX+0.020%7-day average +0.002% · you sell dearer than you buy

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

Long on GMX Short on Kraken Futures

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)−0.357%−$36 on $10k

Price spread, last 4 days (all we have)−0.015%−$1 · spread now +0.020%, 7d avg +0.002%

Together, before fees−0.372%−$37 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.002%, so right now this pair is about funding alone: −$14 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2438	L +0.0629% / S −0.0728%	pay 0.0079% / 1h	44m 54s	$163K	—	100x
Short	Kraken Futures PF_ADAUSD	0.2439	0.0171	get 0.0021% / 1h	44m 54s	$6.3M	$13.9M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Kraken Futures 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 Kraken FuturesbpOrdersPrice spread, now +0.020%Rate

Funding earned: −$96.32
Price spread: +0.020% → +0.002%: $1.8
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Kraken Futures: 5 bp × 2 orders: −$10
Net: −$116.52
Costs to cover: 0.220%
Break-even: never at this rate

Slippage unknown: GMX: no order-book sample; Kraken Futures: 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 Kraken Futures live order book, 4 min ago	2.26 bp	11.3 bp −$11	14.9 bp −$149	42.8 bp −$4,275	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
Kalshi KXADAPERP	0.0000%	8h	0.2436	−0.086%	$208K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2438	+0.011%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.349%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2438	−0.004%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2436	−0.090%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2431	−0.290%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2437	−0.045%	$102.5M	$411.1M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2436	−0.086%	$72.2M	$125.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2437	−0.045%	$32.4M	$118.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2434	−0.168%	$99.5M	$64.1M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2436	−0.086%	$51.8M	$64.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2436	−0.078%	$29.4M	$15.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2435	−0.127%	$66.1M	$53.6M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2436	−0.086%	—	$20.3M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2439	+0.016%	$139K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2430	−0.329%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2436	−0.073%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2437	−0.062%	$295K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2439	+0.037%	$81K	$890K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2437	−0.066%	$124K	$1.2M	10x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2439	+0.042%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2440	+0.076%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2438	−0.004%	$335	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2432	−0.251%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2437	−0.045%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2434	−0.149%	$512K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2431	−0.280%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2437	−0.045%	$383K	$8.6M	50x	as long as short
dYdX ADA-USD	+0.0123%	1h	0.2429	−0.361%	$200K	$2K	10x	as long as short
Lighter ADA	+0.0128%	1h	0.2440	+0.074%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2441	+0.115%	$4K	$111K	10x	as long as short
Kraken Futures PF_ADAUSDshort	+0.0171%	1h	0.2439	+0.020%	$6.3M	$13.9M	50x
BloFin ADA-USDT	+0.0220%	8h	0.2436	−0.086%	$4.4M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2437	−0.044%	$1K	—	15x	as long as short
Hyperliquid ADA	+0.0293%	1h	0.2439	+0.021%	$42.8M	$18.2M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0629% / S −0.0728%	1h	0.2438	long leg	$163K	—	100x
Deribit ADA_USDC-PERPETUAL	+0.0776%	1h	0.2440	+0.082%	$621K	$612K	50x	as long as short