After costs, if the gap returns to its 7d average, $10k−$20
spread now+0.042%7d average−0.029%fees + slippage, in and out−$27spread needed0.274%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ADAUSDT | 0.2438 | 0.0100 | pay 0.0100% / 8h | 1h 59m | $102.2M | $339.8M | 75x |
| Short | Backpack ADA_USDC_PERP | 0.2439 | 0.0100 | get 0.0013% / 1h | 59m 57s | $102K | $415K | 15x |
Price 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
- $4.18
- Funding while held
- $0
- Slippage, 4 orders
- −$7.36
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$23.18
- Spread needed to break even
- 0.274%
Slippage from Binance: live order book, 15 min ago; Backpack: live order book, 60 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 Binance live order book, 15 min ago | 2.06 bp | 7.1 bp −$7 | 10.8 bp −$108 | 27.9 bp −$2,788 | 94.6 bp −$47.3K |
| Sell Backpack live order book, 60 min ago | 0.61 bp | 7.6 bp −$8 | 10.8 bp −$108 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.ADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −6.406% | +0.0033% | 1h | $784 | $95K | 12x | as long as short |
| Gate ADA_USDT | −0.089% | +0.0100% | 8h | $93.9M | $55.2M | 75x | as long as short |
| Bybit ADAUSDT | −0.048% | +0.0100% | 8h | $70.4M | $106.8M | 75x | as long as short |
| MEXC ADA_USDT | −0.048% | +0.0100% | 8h | $52.7M | $60.7M | 300x | as long as short |
| Extended ADA-USD | −0.044% | +0.0104% | 1h | $638K | $1.5M | 50x | as long as short |
| HTX ADA-USDT | −0.033% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| Reya ADARUSDPERP | −0.017% | +0.0297% | 1h | $1K | — | 15x | as long as short |
| OKX ADA-USDT-SWAP | −0.007% | +0.0100% | 8h | $32.2M | $102.3M | 50x | as long as short |
| Bitget ADAUSDT | −0.007% | +0.0100% | 8h | $63.2M | $44.8M | 75x | as long as short |
| BingX ADA-USDT | −0.007% | +0.0100% | 8h | — | $17.4M | — | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | −0.007% | 0.0000% | 8h | $130K | $5.4M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | −0.007% | +0.0100% | 8h | $6K | $38K | 20x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.004% | L +0.0544% / S −0.0369% | 1h | $107K | — | 100x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.004% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Binance ADAUSDTlong | 0.000% | +0.0100% | 8h | $102.2M | $339.8M | 75x | |
| KuCoin ADAUSDTM | +0.021% | +0.0100% | 8h | $30.5M | $20.5M | 75x | as long as short |
| Polymarket Perps ADA-USD | +0.021% | +0.0100% | 1h | $94K | $717K | 10x | as long as short |
| SoDEX ADA-USD | +0.025% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Derive ADA-PERP | +0.029% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.034% | +0.0037% | 1h | $456K | $356K | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.034% | +0.0136% | 1h | $453K | $6.3M | 50x | as long as short |
| Phemex ADAUSDT | +0.034% | +0.0100% | 8h | $47.8M | $5.7M | 50x | as long as short |
| Backpack ADA_USDC_PERPshort | +0.042% | +0.0100% | 1h | $102K | $415K | 15x | |
| Kraken Futures PF_ADAUSD | +0.049% | +0.0019% | 1h | $6.0M | $11.1M | 50x | as long as short |
| Aster ADAUSDT | +0.055% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
| SunX ADA-USDT | +0.071% | +0.0100% | 8h | $9K | $754K | 30x | as long as short |
| Hyperliquid ADA | +0.091% | +0.0100% | 1h | $41.7M | $16.2M | 10x | as long as short |
| Pacifica ADA | +0.096% | +0.0100% | 1h | $149K | $138K | 10x | as long as short |
| Lighter ADA | +0.112% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| dYdX ADA-USD | +0.136% | +0.0015% | 1h | $202K | $2K | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.169% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Variational Omni ADA | +0.355% | +0.0100% | 8h | $4.2M | $979K | — | as long as short |
| edgeX ADAUSDC | +0.363% | +0.0100% | 4h | $65K | $352K | 20x | as long as short |
| BloFin ADA-USDT | +0.403% | +0.0220% | 8h | $4.5M | $6.0M | 75x | as long as short |
| ApeX Omni ADAUSDT | +0.608% | +0.0100% | 1h | $92K | $317K | 50x | as long as short |
| Phoenix ADA | +0.661% | +0.0065% | 1h | $4K | $94K | 10x | as long as short |
Binance ADAUSDT
Backpack ADA_USDC_PERP
Injective
Gate
Bybit
MEXC
Extended
HTX
OKX
Bitget
BingX
GMX
gTrade (Gains Network)
KuCoin
Polymarket Perps
SoDEX
Derive
Deribit
Coinbase International
Phemex
Kraken Futures
Aster
SunX
Hyperliquid
Pacifica
Lighter
Paradex
Variational Omni
BloFin
ApeX Omni
Phoenix