Spread before costs (cost unknown: a leg has no order-book sample)−0.101%
7d average—if it closes, per $10,000$10funding while held, a day+$5.83
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ADA_USDC_PERP | 0.2456 | 0.0100 | pay 0.0013% / 1h | 11m 37s | $103K | $430K | 15x |
| Short | Reya ADARUSDPERP | 0.2453 | 0.0294 | get 0.0037% / 1h | 11m 37s | $1K | — | 15x |
Backpack ADA_USDC_PERP
Reya ADARUSDPERPPrice 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
- −$10.15
- Funding while held
- $5.83
- Slippage, 4 orders
- no order book: not counted
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$20.32
- Spread needed to break even
- 0.160%
Slippage unknown: Backpack: live order book, 39 min ago; Reya: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0194%
- Per $10,000 a day
- +$5.83
- 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, 39 min ago | 1.42 bp | 6.4 bp −$6 | 9.2 bp −$92 | doesn't fit | doesn't fit |
| Sell Reya no order-book sample | — | — | — | — | — |
Reya: 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.Injective0.2424cheapestVariational Omni0.2443+0.796%ApeX Omni0.2449+1.031%edgeX0.2449+1.037%BloFin0.2451+1.114%Coinbase International0.2452+1.155%Phoenix0.2453+1.180%Kalshi0.2453+1.196%Orderly0.2453+1.196%
Injective
Variational Omni
ApeX Omni
BloFin
Coinbase International
Phoenix
OrderlyReya0.2453+1.209%
gTrade (Gains Network)0.2453+1.210%GMX0.2454+1.218%Polymarket Perps0.2454+1.229%Phemex0.2454+1.238%SoDEX0.2454+1.242%HTX0.2454+1.244%Derive0.2454+1.250%SunX0.2455+1.278%Gate0.2455+1.279%Kraken Futures0.2455+1.283%Deribit0.2455+1.291%dYdX0.2455+1.297%KuCoin0.2455+1.300%Aster0.2456+1.303%
gTrade (Gains Network)
GMX
Polymarket Perps
Phemex
SoDEX
HTX
Derive
SunX
Gate
Kraken Futures
Deribit
dYdX
KuCoin
AsterBackpack0.2456+1.312%
Pacifica0.2456+1.320%Bybit0.2456+1.320%OKX0.2456+1.320%MEXC0.2456+1.320%Bitget0.2456+1.320%BingX0.2456+1.320%Extended0.2456+1.331%Binance0.2457+1.361%Lighter0.2457+1.370%Hyperliquid0.2458+1.386%Paradex0.2458+1.409%
Pacifica
Bybit
OKX
MEXC
Bitget
BingX
Extended
Binance
Lighter
Hyperliquid
ParadexADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.295% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.509% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| ApeX Omni ADAUSDT | −0.277% | +0.0100% | 1h | $229K | $450K | 50x | as long as short |
| edgeX ADAUSDC | −0.271% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| BloFin ADA-USDT | −0.195% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.155% | +0.0120% | 1h | $438K | $6.9M | 50x | as long as short |
| Phoenix ADA | −0.130% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Kalshi KXADAPERP | −0.114% | 0.0000% | 8h | $99K | $5.8M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | −0.114% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Reya ADARUSDPERPshort | −0.101% | +0.0294% | 1h | $1K | — | 15x |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ADA/USD | −0.100% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.092% | L +0.0535% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Polymarket Perps ADA-USD | −0.081% | +0.0100% | 1h | $94K | $734K | 10x | as long as short |
| Phemex ADAUSDT | −0.073% | +0.0100% | 8h | $48.0M | $5.8M | 50x | as long as short |
| SoDEX ADA-USD | −0.069% | +0.0100% | 1h | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | −0.067% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| Derive ADA-PERP | −0.061% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | −0.033% | +0.0100% | 8h | $9K | $807K | 30x | as long as short |
| Gate ADA_USDT | −0.033% | +0.0068% | 8h | $95.6M | $59.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | −0.028% | +0.0222% | 1h | $5.9M | $11.3M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.020% | +0.0198% | 1h | $471K | $424K | 50x | as long as short |
| dYdX ADA-USD | −0.015% | +0.0076% | 1h | $203K | $2K | 10x | as long as short |
| KuCoin ADAUSDTM | −0.012% | +0.0100% | 8h | $30.3M | $21.1M | 75x | as long as short |
| Aster ADAUSDT | −0.009% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Backpack ADA_USDC_PERPlong | 0.000% | +0.0100% | 1h | $103K | $430K | 15x | |
| Pacifica ADA | +0.008% | +0.0100% | 1h | $161K | $181K | 10x | as long as short |
| Bybit ADAUSDT | +0.008% | +0.0100% | 8h | $71.5M | $112.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.008% | +0.0100% | 8h | $32.2M | $108.8M | 50x | as long as short |
| MEXC ADA_USDT | +0.008% | +0.0100% | 8h | $52.3M | $64.1M | 300x | as long as short |
| Bitget ADAUSDT | +0.008% | +0.0100% | 8h | $64.8M | $46.8M | 75x | as long as short |
| BingX ADA-USDT | +0.008% | +0.0100% | 8h | — | $18.5M | — | as long as short |
| Extended ADA-USD | +0.019% | +0.0104% | 1h | $606K | $1.7M | 50x | as long as short |
| Binance ADAUSDT | +0.049% | +0.0100% | 8h | $102.1M | $366.1M | 75x | as long as short |
| Lighter ADA | +0.057% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.073% | +0.0100% | 1h | $42.3M | $16.4M | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.096% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |