data as of
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Price arb /

ADA

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After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.098%7d average+0.008%fees + slippage, in and out−$30spread needed0.301%
Long on BackpackShort on Polymarket Perps
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBackpack ADA_USDC_PERP0.24420.0100pay 0.0013% / 1h33m 15s$103K$428K15x
ShortPolymarket Perps ADA-USD0.24390.0100get 0.0013% / 1h33m 15s$93K$738K10x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$9.83
Funding while held
$0
Slippage, 4 orders
−$12.07
Fee Backpack: 5 bp × 2 orders
−$10
Fee Polymarket Perps: 4 bp × 2 orders
−$8
Net
−$39.9
Spread needed to break even
0.301%
Slippage from Backpack: live order book, 12 min ago; Polymarket Perps: live order book, 11 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
LegHalf-spread$10k$100k$1M$5M
Buy Backpack live order book, 12 min ago0.61 bp9.1 bp −$912.1 bp −$121doesn't fitdoesn't fit
Sell Polymarket Perps live order book, 11 min ago3.46 bp7.5 bp −$77.9 bp −$79doesn't fitdoesn't fit

ADA price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2424cheapestCoinbase International0.2437+0.536%Reya0.2439+0.620%Aster0.2439+0.622%
Polymarket Perps0.2439+0.631%
GMX0.2440+0.656%Bybit0.2440+0.660%Gate0.2440+0.660%BingX0.2440+0.660%SoDEX0.2440+0.660%gTrade (Gains Network)0.2440+0.667%KuCoin0.2440+0.677%Paradex0.2441+0.698%Bitget0.2441+0.701%Kalshi0.2441+0.701%Orderly0.2441+0.701%Phemex0.2441+0.701%Extended0.2441+0.708%dYdX0.2441+0.708%Derive0.2441+0.710%Phoenix0.2441+0.714%HTX0.2441+0.715%Binance0.2442+0.728%
Backpack0.2442+0.730%
Deribit0.2442+0.730%Lighter0.2442+0.734%Pacifica0.2442+0.735%SunX0.2442+0.740%OKX0.2442+0.743%MEXC0.2442+0.743%Kraken Futures0.2442+0.745%BloFin0.2443+0.784%edgeX0.2443+0.795%Hyperliquid0.2443+0.796%Variational Omni0.2445+0.882%ApeX Omni0.2448+0.990%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.725%+0.0033%1h$832$124K12xas long as short
Coinbase International ADA-PERP-INTX−0.192%+0.0112%1h$490K$7.2M50xas long as short
Reya ADARUSDPERP−0.110%+0.0293%1h$1K—15xas long as short
Aster ADAUSDT−0.107%+0.0100%8h$1.1M$1.4M75xas long as short
Polymarket Perps ADA-USDshort−0.098%+0.0100%1h$93K$738K10x
GMX ADA/USD [WBTC.b-USDC]−0.074%L +0.0522% / S −0.0276%1h$112K—100xas long as short
Bybit ADAUSDT−0.070%+0.0100%8h$71.2M$110.4M75xas long as short
Gate ADA_USDT−0.070%+0.0100%8h$95.0M$56.5M75xas long as short
BingX ADA-USDT−0.070%+0.0100%8h—$18.3M—as long as short
SoDEX ADA-USD−0.070%+0.0100%1h$715$13K10xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) ADA/USD−0.063%L +0.0005% / S −0.0003%1h$86K—150xas long as short
KuCoin ADAUSDTM−0.053%+0.0100%8h$30.0M$20.7M75xas long as short
Paradex ADA-USD-PERP−0.032%+0.0101%8h$20K$25020xas long as short
Bitget ADAUSDT−0.029%+0.0100%8h$64.3M$46.6M75xas long as short
Kalshi KXADAPERP−0.029%0.0000%8h$87K$5.8M3.2xas long as short
Orderly PERP_ADA_USDC−0.029%+0.0100%8h$6K$36K20xas long as short
Phemex ADAUSDT−0.029%+0.0100%8h$47.6M$6.0M50xas long as short
Extended ADA-USD−0.022%+0.0104%1h$605K$1.7M50xas long as short
dYdX ADA-USD−0.022%0.0000%1h$202K$2K10xas long as short
Derive ADA-PERP−0.020%+0.0100%1h$40K$3K5xas long as short
Phoenix ADA−0.016%+0.0131%1h$4K$103K10xas long as short
HTX ADA-USDT−0.015%+0.0100%8h$1.3M$5.1M75xas long as short
Binance ADAUSDT−0.002%+0.0100%8h$101.8M$365.9M75xas long as short
Backpack ADA_USDC_PERPlong0.000%+0.0100%1h$103K$428K15x
Deribit ADA_USDC-PERPETUAL0.000%+0.0283%1h$468K$409K50xas long as short
Lighter ADA+0.004%+0.0096%1h$2.2M$1.0M10xas long as short
Pacifica ADA+0.005%+0.0100%1h$159K$179K10xas long as short
SunX ADA-USDT+0.010%+0.0100%8h$10K$802K30xas long as short
OKX ADA-USDT-SWAP+0.012%+0.0100%8h$32.3M$109.1M50xas long as short
MEXC ADA_USDT+0.012%+0.0100%8h$51.5M$63.3M300xas long as short
Kraken Futures PF_ADAUSD+0.015%+0.0140%1h$6.0M$11.4M50xas long as short
BloFin ADA-USDT+0.053%+0.0220%8h$4.5M$6.3M75xas long as short
edgeX ADAUSDC+0.065%+0.0100%4h$65K$278K20xas long as short
Hyperliquid ADA+0.066%+0.0130%1h$42.7M$16.9M10xas long as short
Variational Omni ADA+0.151%+0.0100%8h$4.2M$1.0M—as long as short
ApeX Omni ADAUSDT+0.258%+0.0066%1h$229K$451K50xas long as short