Spread before costs (cost unknown: a leg has no order-book sample)+0.031%
7d average+0.035%if it closes, per $10,000$3funding while held, a day+$1.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Aster ADAUSDT | 0.2413 | 0.0100 | pay 0.0100% / 8h | 5h 57m | $1.1M | $1.0M | 75x |
| Short | Phoenix ADA | 0.2413 | 0.0166 | get 0.0021% / 1h | 57m 00s | $4K | $89K | 10x |
Aster ADAUSDT
Phoenix ADAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $3.14
- Funding while held
- $1.97
- Slippage, 4 orders
- no order book: not counted
- Fee Aster: 4 bp × 2 orders
- −$8
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$9.89
- Spread needed to break even
- 0.150%
Slippage unknown: Aster: live order book, 2 min ago; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0066%
- Per $10,000 a day
- +$1.97
- Average in range /8h
- —
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 Aster live order book, 2 min ago | 4.15 bp | 13.8 bp −$14 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Phoenix no order-book sample | — | — | — | — | — |
Phoenix: 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 price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.2408cheapestdYdX0.2409+0.051%Variational Omni0.2410+0.072%Pacifica0.2410+0.073%Gate0.2411+0.125%ApeX Omni0.2411+0.125%BloFin0.2411+0.125%Extended0.2411+0.141%KuCoin0.2412+0.150%Bybit0.2412+0.166%OKX0.2412+0.166%MEXC0.2412+0.166%Bitget0.2412+0.166%BingX0.2412+0.166%gTrade (Gains Network)0.2412+0.166%GMX0.2412+0.181%SoDEX0.2412+0.187%
Coinbase International
dYdX
Variational Omni
Pacifica
Gate
ApeX Omni
BloFin
Extended
KuCoin
Bybit
OKX
MEXC
Bitget
BingX
gTrade (Gains Network)
GMX
SoDEXAster0.2413+0.193%
Paradex0.2413+0.203%Backpack0.2413+0.203%SunX0.2413+0.207%Orderly0.2413+0.208%Phemex0.2413+0.208%edgeX0.2413+0.213%Kraken Futures0.2413+0.216%Derive0.2413+0.219%Hyperliquid0.2413+0.224%Polymarket Perps0.2413+0.224%
Paradex
Backpack
SunX
Orderly
Phemex
Kraken Futures
Derive
Hyperliquid
Polymarket PerpsPhoenix0.2413+0.224%
Reya0.2414+0.231%Lighter0.2414+0.237%Binance0.2414+0.249%Kalshi0.2414+0.249%Deribit0.2414+0.249%HTX0.2414+0.265%Injective0.2424+0.664%
Reya
Lighter
Binance
Deribit
HTX
InjectiveADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International ADA-PERP-INTX | −0.192% | +0.0072% | 1h | $467K | $6.7M | 50x | as long as short |
| dYdX ADA-USD | −0.142% | 0.0000% | 1h | $199K | $2K | 10x | as long as short |
| Variational Omni ADA | −0.121% | +0.0100% | 8h | $4.1M | $1.0M | — | as long as short |
| Pacifica ADA | −0.120% | +0.0100% | 1h | $155K | $154K | 10x | as long as short |
| Gate ADA_USDT | −0.068% | +0.0100% | 8h | $94.2M | $55.1M | 75x | as long as short |
| ApeX Omni ADAUSDT | −0.068% | +0.0100% | 1h | $226K | $454K | 50x | as long as short |
| BloFin ADA-USDT | −0.068% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| Extended ADA-USD | −0.051% | +0.0104% | 1h | $598K | $1.7M | 50x | as long as short |
| KuCoin ADAUSDTM | −0.043% | +0.0100% | 8h | $29.7M | $17.7M | 75x | as long as short |
| Bybit ADAUSDT | −0.027% | +0.0100% | 8h | $69.4M | $99.6M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | −0.027% | +0.0100% | 8h | $31.7M | $101.9M | 50x | as long as short |
| MEXC ADA_USDT | −0.027% | +0.0100% | 8h | $51.0M | $56.9M | 300x | as long as short |
| Bitget ADAUSDT | −0.027% | +0.0100% | 8h | $63.8M | $41.8M | 75x | as long as short |
| BingX ADA-USDC | −0.027% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| gTrade (Gains Network) ADA/USD | −0.027% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.011% | L +0.0517% / S −0.0276% | 1h | $111K | — | 100x | as long as short |
| SoDEX ADA-USD | −0.006% | +0.0100% | 1h | $332 | $13K | 10x | as long as short |
| Aster ADAUSDTlong | 0.000% | +0.0100% | 8h | $1.1M | $1.0M | 75x | |
| Paradex ADA-USD-PERP | +0.010% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Backpack ADA_USDC_PERP | +0.011% | +0.0100% | 1h | $101K | $409K | 15x | as long as short |
| SunX ADA-USDT | +0.014% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| Orderly PERP_ADA_USDC | +0.015% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | +0.015% | +0.0100% | 8h | $47.1M | $5.1M | 50x | as long as short |
| edgeX ADAUSDC | +0.020% | +0.0100% | 4h | $64K | $277K | 20x | as long as short |
| Kraken Futures PF_ADAUSD | +0.024% | +0.0264% | 1h | $6.1M | $10.7M | 50x | as long as short |
| Derive ADA-PERP | +0.027% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Hyperliquid ADA | +0.031% | +0.0100% | 1h | $42.1M | $13.8M | 10x | as long as short |
| Polymarket Perps ADA-USD | +0.031% | +0.0100% | 1h | $90K | $726K | 10x | as long as short |
| Phoenix ADAshort | +0.031% | +0.0166% | 1h | $4K | $89K | 10x | |
| Reya ADARUSDPERP | +0.038% | +0.0291% | 1h | $1K | — | 15x | as long as short |
| Lighter ADA | +0.044% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Binance ADAUSDT | +0.056% | +0.0100% | 8h | $100.2M | $342.7M | 75x | as long as short |
| Kalshi KXADAPERP | +0.056% | 0.0000% | 8h | $153K | $5.9M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.056% | +0.0496% | 1h | $471K | $377K | 50x | as long as short |
| HTX ADA-USDT | +0.072% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.471% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |