After costs, if the gap returns to its 7d average, $10k−$40
spread now−0.029%7d average+0.028%fees + slippage, in and out−$34spread needed0.342%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ADA_USDC_PERP | 0.2438 | 0.0100 | pay 0.0013% / 1h | 59m 40s | $102K | $413K | 15x |
| Short | Aster ADAUSDT | 0.2437 | 0.0100 | get 0.0100% / 8h | 4h 59m | $1.1M | $999K | 75x |
Backpack ADA_USDC_PERP
Aster ADAUSDTPrice 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
- −$2.86
- Funding while held
- $0
- Slippage, 4 orders
- −$16.22
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$37.08
- Spread needed to break even
- 0.342%
Slippage from Backpack: live order book, 35 min ago; Aster: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Backpack live order book, 35 min ago | 0.20 bp | 5.2 bp −$5 | 7.5 bp −$75 | doesn't fit | doesn't fit |
| Sell Aster live order book, 5 min ago | 4.10 bp | 8.4 bp −$8 | 21.3 bp −$213 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Gate0.2435cheapestGMX0.2437+0.069%dYdX0.2437+0.078%
Gate
GMX
dYdXAster0.2437+0.078%
gTrade (Gains Network)0.2437+0.081%Bybit0.2437+0.082%MEXC0.2437+0.082%Bitget0.2437+0.082%BingX0.2437+0.082%Phemex0.2437+0.082%Extended0.2437+0.100%Paradex0.2437+0.103%KuCoin0.2437+0.103%SoDEX0.2437+0.103%
gTrade (Gains Network)
Bybit
MEXC
Bitget
BingX
Phemex
Extended
Paradex
KuCoin
SoDEXBackpack0.2438+0.107%
Pacifica0.2438+0.110%Polymarket Perps0.2438+0.115%Kraken Futures0.2438+0.117%Binance0.2438+0.119%Reya0.2438+0.122%SunX0.2438+0.122%OKX0.2438+0.123%Kalshi0.2438+0.123%Orderly0.2438+0.123%Derive0.2438+0.128%Deribit0.2438+0.136%HTX0.2438+0.136%Variational Omni0.2439+0.146%Hyperliquid0.2439+0.148%Coinbase International0.2439+0.164%Lighter0.2439+0.168%ApeX Omni0.2441+0.246%Injective0.2441+0.246%BloFin0.2441+0.246%Phoenix0.2442+0.275%edgeX0.2446+0.446%
Pacifica
Polymarket Perps
Kraken Futures
Binance
Reya
SunX
OKX
Orderly
Derive
Deribit
HTX
Variational Omni
Hyperliquid
Coinbase International
Lighter
ApeX Omni
Injective
BloFin
PhoenixADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | −0.107% | +0.0100% | 8h | $96.0M | $55.6M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.038% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| dYdX ADA-USD | −0.029% | 0.0000% | 1h | $200K | $4K | 10x | as long as short |
| Aster ADAUSDTshort | −0.029% | +0.0100% | 8h | $1.1M | $999K | 75x | |
| gTrade (Gains Network) ADA/USD | −0.026% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Bybit ADAUSDT | −0.025% | +0.0100% | 8h | $70.5M | $99.1M | 75x | as long as short |
| MEXC ADA_USDT | −0.025% | +0.0100% | 8h | $52.6M | $56.1M | 300x | as long as short |
| Bitget ADAUSDT | −0.025% | +0.0100% | 8h | $64.5M | $41.6M | 75x | as long as short |
| BingX ADA-USDT | −0.025% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| Phemex ADAUSDT | −0.025% | +0.0100% | 8h | $47.4M | $5.1M | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ADA-USD | −0.006% | +0.0104% | 1h | $589K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | −0.004% | +0.0102% | 8h | $20K | $250 | 20x | as long as short |
| KuCoin ADAUSDTM | −0.004% | +0.0100% | 8h | $30.4M | $17.6M | 75x | as long as short |
| SoDEX ADA-USD | −0.004% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Backpack ADA_USDC_PERPlong | 0.000% | +0.0100% | 1h | $102K | $413K | 15x | |
| Pacifica ADA | +0.004% | +0.0100% | 1h | $155K | $149K | 10x | as long as short |
| Polymarket Perps ADA-USD | +0.008% | +0.0100% | 1h | $92K | $730K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.010% | +0.0261% | 1h | $6.2M | $10.8M | 50x | as long as short |
| Binance ADAUSDT | +0.012% | +0.0100% | 8h | $101.2M | $343.1M | 75x | as long as short |
| Reya ADARUSDPERP | +0.015% | +0.0290% | 1h | $1K | — | 15x | as long as short |
| SunX ADA-USDT | +0.016% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| OKX ADA-USDT-SWAP | +0.016% | +0.0100% | 8h | $32.4M | $103.2M | 50x | as long as short |
| Kalshi KXADAPERP | +0.016% | 0.0000% | 8h | $123K | $5.8M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | +0.016% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.022% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.029% | +0.0242% | 1h | $476K | $372K | 50x | as long as short |
| HTX ADA-USDT | +0.030% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Variational Omni ADA | +0.039% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Hyperliquid ADA | +0.041% | +0.0165% | 1h | $42.6M | $13.7M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.057% | +0.0072% | 1h | $467K | $6.8M | 50x | as long as short |
| Lighter ADA | +0.062% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.139% | +0.0100% | 1h | $230K | $457K | 50x | as long as short |
| Injective ADA/USDC PERP | +0.139% | +0.0033% | 1h | $838 | $97K | 12x | as long as short |
| BloFin ADA-USDT | +0.139% | +0.0220% | 8h | $4.5M | $4.9M | 75x | as long as short |
| Phoenix ADA | +0.168% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| edgeX ADAUSDC | +0.339% | +0.0100% | 4h | $65K | $279K | 20x | as long as short |