ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 08:00 UTC+0.0195%/8h= +21.4% APRnext payment +$0.24 per $10,000 · paid last 24h +0.071%

Price spread now: GMX against Polymarket Perps−0.084%7-day average +0.013% · you buy dearer than you sell

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

Long on Polymarket Perps Short on GMX

What this pair did over the last

the charts below follow

Funding, last 3 days (all we have)+0.178%+$18 on $10k

Price spread, last 4 days (all we have)+0.193%+$19 · spread now −0.084%, 7d avg +0.013%

Together, before fees+0.371%+$37 on $10k · with fees, hour by hour

Funding pays, the price is against you. GMX is 0.098% cheaper against Polymarket Perps than usual: you would sell low and buy high (spread −0.084% now, against its 7-day average of +0.013%). If the spread goes back, that is −$10 on $10k: about 40 hours of funding at the current rate (+$6 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Polymarket Perps ADA-USD	0.2442	0.0100	pay 0.0013% / 1h	21m 48s	$122K	$1.3M	10x
Short	GMX ADA/USD [WBTC.b-USDC]	0.2439	L +0.0369% / S −0.0295%	get 0.0037% / 1h	21m 48s	$87K	—	100x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

GMX against Polymarket Perps. 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 Polymarket PerpsbpFee GMXbpOrdersPrice spread, now −0.084%Rate

Funding earned: $40.96
Price spread: −0.084% → +0.013%: −$9.76
Slippage, 4 orders: no order book: not counted
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee GMX: 6 bp × 2 orders: −$12
Net: $11.21
Costs to cover: 0.200%
Break-even: 5.1 days

Slippage unknown: Polymarket Perps: 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 Polymarket Perps live order book, 1 min ago	2.87 bp	7.3 bp −$7	8.8 bp −$88	doesn't fit	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 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	0.2442	+0.021%	$201K	$2K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2440	−0.057%	$83K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.208%	$849	$202K	12x	as long as short
Lighter ADA	+0.0096%	1h	0.2442	+0.004%	$2.4M	$1.0M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	−0.061%	$6K	$5K	20x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2442	+0.008%	$42.9M	$18.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2440	−0.047%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2443	+0.057%	$156K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2440	−0.061%	$102.9M	$407.5M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2440	−0.061%	$72.6M	$126.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2440	−0.061%	$32.4M	$118.1M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2439	−0.102%	$99.6M	$65.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2440	−0.061%	$51.8M	$65.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2440	−0.082%	$29.5M	$16.1M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2440	−0.061%	$66.3M	$53.9M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2440	−0.061%	—	$20.2M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2440	−0.074%	$138K	$485K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2436	−0.223%	$4.1M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2438	−0.141%	$65K	$287K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2438	−0.155%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2438	−0.143%	$77K	$894K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2442	long leg	$122K	$1.3M	10x
Derive ADA-PERP	+0.0100%	1h	0.2441	−0.037%	$40K	$4K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2444	+0.082%	$8K	$755K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2440	−0.041%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2440	−0.064%	$1.3M	$7.1M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2439	−0.102%	$47.2M	$7.6M	50x	as long as short
Kalshi KXADAPERP	+0.0102%	8h	0.2442	+0.020%	$233K	$7.7M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2439	−0.108%	$512K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2443	+0.082%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0144%	1h	0.2436	−0.225%	$378K	$8.3M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2443	+0.061%	$4.5M	$5.8M	75x	as long as short
Phoenix ADA	+0.0228%	1h	0.2439	−0.115%	$2K	$112K	10x	as long as short
Reya ADARUSDPERP	+0.0273%	1h	0.2441	−0.020%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0281%	1h	0.2440	−0.064%	$6.3M	$14.0M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]short	L +0.0369% / S −0.0295%	1h	0.2439	−0.084%	$87K	—	100x
Deribit ADA_USDC-PERPETUAL	+0.0488%	1h	0.2442	+0.008%	$622K	$614K	50x	as long as short