Funding you earn now, next payment 12:00 UTC+0.0194%/8h= +21.2% APRpaid last 24h +0.075%
Price spread now: GMX against Orderly−0.018%7-day average — · you buy dearer than you sell
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: +$6 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ADA_USDC | 0.2447 | 0.0100 | pay 0.0100% / 8h | 4h 47m | $6K | $5K | 20x |
| Short | GMX ADA/USD [WBTC.b-USDC] | 0.2447 | L +0.0367% / S −0.0294% | get 0.0037% / 1h | 47m 33s | $87K | — | 100x |
Orderly PERP_ADA_USDC
GMX ADA/USD [WBTC.b-USDC]Funding history
latest
Range statsloading…
Price spread between the two exchanges
GMX against Orderly. 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
- $40.66
- Price spread: −0.018% → 0.000%
- −$1.76
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $20.91
- Costs to cover
- 0.180%
- Break-even
- 3.4 days
Slippage unknown: Orderly: 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy Orderly no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
Orderly 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 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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ADAUSD | −0.0105% | 1h | 0.2448 | +0.037% | $6.2M | $12.8M | 50x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2446 | −0.041% | $205K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2446 | −0.033% | $84K | — | 150x | as long as short |
| dYdX ADA-USD | +0.0021% | 1h | 0.2447 | +0.016% | $206K | $6K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.981% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2449 | +0.098% | $2.4M | $925K | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2445 | −0.078% | $2K | $102K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2451 | +0.147% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2448 | +0.059% | $157K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2450 | +0.140% | $105.2M | $376.0M | 75x | as long as short |
Kraken Futures PF_ADAUSD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
dYdX ADA-USD
Injective ADA/USDC PERP
Lighter ADA
Phoenix 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 | 0.2450 | +0.123% | $74.6M | $122.1M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2451 | +0.163% | $32.2M | $104.2M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2449 | +0.082% | $101.4M | $58.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2449 | +0.082% | $51.0M | $69.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2450 | +0.110% | $29.4M | $14.7M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2450 | +0.123% | $67.2M | $49.1M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2450 | +0.123% | — | $18.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2449 | +0.074% | $136K | $445K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2443 | −0.169% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2443 | −0.169% | $65K | $291K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2445 | −0.066% | $293K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2445 | −0.082% | $67K | $898K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2445 | −0.086% | $91K | $1.5M | 10x | as long as short |
| Orderly PERP_ADA_USDClong | +0.0100% | 8h | 0.2447 | long leg | $6K | $5K | 20x | |
| Derive ADA-PERP | +0.0100% | 1h | 0.2449 | +0.075% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2449 | +0.083% | $8K | $657K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2449 | +0.061% | $337 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2448 | +0.049% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2448 | +0.041% | $47.3M | $7.5M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2449 | +0.092% | $19K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2449 | +0.089% | $540K | $1.7M | 50x | as long as short |
| Hyperliquid ADA | +0.0125% | 1h | 0.2449 | +0.094% | $43.6M | $17.2M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0216% | 1h | 0.2438 | −0.368% | $403K | $7.7M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2437 | −0.409% | $4.6M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0268% | 1h | 0.2445 | −0.091% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0363% | 1h | 0.2449 | +0.086% | $571K | $838K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]short | L +0.0367% / S −0.0294% | 1h | 0.2447 | −0.018% | $87K | — | 100x |
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL