Funding you earn now, next payment 11:00 UTC+0.0262%/8h= +28.7% APRnext payment +$0.33 per $10,000 · paid last 24h +0.058%
Price spread now: GMX against Kraken Futures+0.011%7-day average — · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—needs 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: +$8 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2455 | 0.0031 | pay 0.0004% / 1h | 5m 52s | $6.3M | $12.9M | 50x |
| Short | GMX ADA/USD [WBTC.b-USDC] | 0.2455 | L +0.0368% / S −0.0294% | get 0.0037% / 1h | 5m 52s | $87K | — | 100x |
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Kraken Futures. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $55.1
- Price spread: +0.011% → 0.000%
- $1.05
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $34.16
- Costs to cover
- 0.220%
- Break-even
- 2.7 days
Slippage unknown: Kraken Futures: live order book, 1 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 Kraken Futures live order book, 1 min ago | 1.22 bp | 12.5 bp −$13 | 14.0 bp −$140 | 39.7 bp −$3,969 | doesn'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 exchanges
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 | 0.2453 | −0.057% | $206K | $6K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2455 | +0.010% | $208K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | −0.045% | $84K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSDlong | +0.0031% | 1h | 0.2455 | long leg | $6.3M | $12.9M | 50x | |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.662% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2456 | +0.038% | $2.4M | $969K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2456 | +0.063% | $43.8M | $17.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2455 | −0.002% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2455 | +0.012% | $157K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2454 | −0.033% | $105.3M | $379.9M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2453 | −0.072% | $74.5M | $122.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2454 | −0.031% | $32.3M | $106.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2453 | −0.072% | $101.3M | $60.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2454 | −0.031% | $51.2M | $70.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2454 | −0.027% | $29.4M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | −0.031% | $67.3M | $49.5M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2454 | −0.031% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2455 | +0.010% | $136K | $449K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2450 | −0.199% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2453 | −0.081% | $65K | $290K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2452 | −0.102% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2454 | −0.031% | $67K | $898K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2455 | +0.010% | $103K | $1.5M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | −0.031% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2455 | +0.018% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2457 | +0.094% | $8K | $665K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2455 | +0.030% | $338 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.013% | $1.3M | $6.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2455 | +0.010% | $47.4M | $7.5M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2454 | −0.035% | $19K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | −0.063% | $543K | $1.7M | 50x | as long as short |
| Phoenix ADA | +0.0161% | 1h | 0.2453 | −0.088% | $3K | $104K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0176% | 1h | 0.2456 | +0.050% | $409K | $7.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2455 | +0.010% | $4.6M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0268% | 1h | 0.2456 | +0.041% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0320% | 1h | 0.2456 | +0.050% | $574K | $837K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]short | L +0.0368% / S −0.0294% | 1h | 0.2455 | +0.011% | $87K | — | 100x |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL