After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.033%7d average+0.043%fees + slippage, in and out−$31spread needed0.312%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ADA_USDC_PERP | 0.2441 | 0.0100 | pay 0.0013% / 1h | 59m 03s | $102K | $415K | 15x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2441 | 0.0078 | get 0.0010% / 1h | 59m 03s | $456K | $356K | 50x |
Backpack ADA_USDC_PERP
Deribit ADA_USDC-PERPETUALPrice 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
- $3.28
- Funding while held
- −$0.66
- Slippage, 4 orders
- −$14.22
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- −$28.6
- Spread needed to break even
- 0.312%
Slippage from Backpack: live order book, 61 min ago; Deribit: live order book, 61 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0022%
- Per $10,000 a day
- −$0.66
- 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, 61 min ago | 0.61 bp | 5.6 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Deribit live order book, 61 min ago | 4.07 bp | 10.4 bp −$10 | 16.4 bp −$164 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2282cheapest
Bybit0.2437+6.792%OKX0.2437+6.792%Reya0.2438+6.826%Gate0.2438+6.836%dYdX0.2438+6.843%Binance0.2439+6.859%GMX0.2439+6.863%Paradex0.2439+6.870%SoDEX0.2439+6.871%Kalshi0.2439+6.880%gTrade (Gains Network)0.2439+6.883%Polymarket Perps0.2439+6.889%Pacifica0.2439+6.899%Extended0.2440+6.905%HTX0.2440+6.909%MEXC0.2440+6.924%Bitget0.2440+6.924%BingX0.2440+6.924%Orderly0.2440+6.924%Coinbase International0.2440+6.924%Phemex0.2440+6.924%KuCoin0.2440+6.933%
Injective
Bybit
OKX
Reya
Gate
dYdX
Binance
GMX
Paradex
SoDEX
gTrade (Gains Network)
Polymarket Perps
Pacifica
Extended
HTX
MEXC
Bitget
BingX
Orderly
Coinbase International
Phemex
KuCoinBackpack0.2441+6.950%
Aster0.2441+6.954%Derive0.2441+6.957%SunX0.2441+6.963%BloFin0.2441+6.968%Hyperliquid0.2441+6.972%Kraken Futures0.2441+6.973%
Aster
Derive
SunX
BloFin
Hyperliquid
Kraken FuturesDeribit0.2441+6.985%
Lighter0.2442+7.007%Phoenix0.2445+7.143%edgeX0.2446+7.192%Variational Omni0.2447+7.223%ApeX Omni0.2453+7.493%
Lighter
Phoenix
Variational Omni
ApeX OmniADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −6.498% | +0.0033% | 1h | $784 | $95K | 12x | as long as short |
| Bybit ADAUSDT | −0.148% | +0.0100% | 8h | $70.3M | $106.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.148% | +0.0100% | 8h | $32.2M | $102.3M | 50x | as long as short |
| Reya ADARUSDPERP | −0.116% | +0.0297% | 1h | $1K | — | 15x | as long as short |
| Gate ADA_USDT | −0.107% | +0.0100% | 8h | $94.0M | $54.5M | 75x | as long as short |
| dYdX ADA-USD | −0.100% | +0.0014% | 1h | $202K | $2K | 10x | as long as short |
| Binance ADAUSDT | −0.085% | +0.0100% | 8h | $102.3M | $340.0M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.082% | L +0.0544% / S −0.0369% | 1h | $107K | — | 100x | as long as short |
| Paradex ADA-USD-PERP | −0.075% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| SoDEX ADA-USD | −0.074% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | −0.066% | 0.0000% | 8h | $130K | $5.4M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.063% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Polymarket Perps ADA-USD | −0.057% | +0.0100% | 1h | $94K | $718K | 10x | as long as short |
| Pacifica ADA | −0.048% | +0.0100% | 1h | $160K | $168K | 10x | as long as short |
| Extended ADA-USD | −0.042% | +0.0104% | 1h | $638K | $1.5M | 50x | as long as short |
| HTX ADA-USDT | −0.039% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| MEXC ADA_USDT | −0.025% | +0.0100% | 8h | $52.7M | $60.0M | 300x | as long as short |
| Bitget ADAUSDT | −0.025% | +0.0100% | 8h | $63.2M | $44.7M | 75x | as long as short |
| BingX ADA-USDT | −0.025% | +0.0100% | 8h | — | $17.4M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.025% | +0.0100% | 8h | $6K | $38K | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.025% | +0.0136% | 1h | $452K | $6.3M | 50x | as long as short |
| Phemex ADAUSDT | −0.025% | +0.0100% | 8h | $47.8M | $5.7M | 50x | as long as short |
| KuCoin ADAUSDTM | −0.016% | +0.0100% | 8h | $30.5M | $20.5M | 75x | as long as short |
| Backpack ADA_USDC_PERPlong | 0.000% | +0.0100% | 1h | $102K | $415K | 15x | |
| Aster ADAUSDT | +0.003% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
| Derive ADA-PERP | +0.007% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.012% | +0.0100% | 8h | $9K | $754K | 30x | as long as short |
| BloFin ADA-USDT | +0.016% | +0.0220% | 8h | $4.5M | $6.0M | 75x | as long as short |
| Hyperliquid ADA | +0.020% | +0.0100% | 1h | $41.7M | $16.2M | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.021% | −0.0069% | 1h | $6.0M | $11.1M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | +0.033% | +0.0078% | 1h | $456K | $356K | 50x | |
| Lighter ADA | +0.053% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| Phoenix ADA | +0.180% | +0.0065% | 1h | $4K | $94K | 10x | as long as short |
| edgeX ADAUSDC | +0.227% | +0.0100% | 4h | $65K | $353K | 20x | as long as short |
| Variational Omni ADA | +0.255% | +0.0100% | 8h | $4.2M | $979K | — | as long as short |
| ApeX Omni ADAUSDT | +0.508% | +0.0100% | 1h | $92K | $317K | 50x | as long as short |