Spread before costs (cost unknown: a leg has no order-book sample)+0.002%
7d average—if it closes, per $10,000$0funding while held, a day+$5.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ADAUSDT | 0.2452 | 0.0100 | pay 0.0100% / 8h | 4m 58s | $102.0M | $366.6M | 75x |
| Short | Reya ADARUSDPERP | 0.2452 | 0.0294 | get 0.0037% / 1h | 4m 58s | $1K | — | 15x |
Binance ADAUSDT
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
- $0.22
- Funding while held
- $5.82
- Slippage, 4 orders
- no order book: not counted
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Reya: 3 bp × 2 orders
- −$6
- Net
- −$9.96
- Spread needed to break even
- 0.160%
Slippage unknown: Binance: live order book, 10 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
- +$5.82
- 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, 10 min ago | 2.04 bp | 7.0 bp −$7 | 10.1 bp −$101 | 26.0 bp −$2,600 | 80.9 bp −$40.5K |
| 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.Injective0.2424cheapestGate0.2450+1.073%Bybit0.2451+1.114%MEXC0.2451+1.114%ApeX Omni0.2451+1.114%Phemex0.2451+1.114%Extended0.2451+1.115%KuCoin0.2452+1.147%OKX0.2452+1.155%Bitget0.2452+1.155%BingX0.2452+1.155%Polymarket Perps0.2452+1.155%Orderly0.2452+1.155%SoDEX0.2452+1.159%gTrade (Gains Network)0.2452+1.164%
Injective
Gate
Bybit
MEXC
ApeX Omni
Phemex
Extended
KuCoin
OKX
Bitget
BingX
Polymarket Perps
Orderly
SoDEX
gTrade (Gains Network)Binance0.2452+1.166%
Paradex0.2452+1.168%
ParadexReya0.2452+1.168%
Backpack0.2452+1.172%GMX0.2452+1.172%Derive0.2453+1.176%Aster0.2453+1.177%Pacifica0.2453+1.191%edgeX0.2453+1.194%HTX0.2453+1.196%SunX0.2453+1.196%Kalshi0.2453+1.196%BloFin0.2453+1.196%Hyperliquid0.2453+1.205%Kraken Futures0.2453+1.210%Variational Omni0.2453+1.212%Lighter0.2453+1.213%Deribit0.2454+1.229%Phoenix0.2454+1.233%dYdX0.2454+1.234%Coinbase International0.2454+1.238%
Backpack
GMX
Derive
Aster
Pacifica
HTX
SunX
BloFin
Hyperliquid
Kraken Futures
Variational Omni
Lighter
Deribit
Phoenix
dYdX
Coinbase InternationalADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.153% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Gate ADA_USDT | −0.092% | +0.0070% | 8h | $95.2M | $60.2M | 75x | as long as short |
| Bybit ADAUSDT | −0.052% | +0.0100% | 8h | $71.4M | $112.0M | 75x | as long as short |
| MEXC ADA_USDT | −0.052% | +0.0100% | 8h | $51.8M | $64.4M | 300x | as long as short |
| ApeX Omni ADAUSDT | −0.052% | +0.0100% | 1h | $229K | $451K | 50x | as long as short |
| Phemex ADAUSDT | −0.052% | +0.0100% | 8h | $47.9M | $5.9M | 50x | as long as short |
| Extended ADA-USD | −0.050% | +0.0104% | 1h | $606K | $1.7M | 50x | as long as short |
| KuCoin ADAUSDTM | −0.019% | +0.0100% | 8h | $30.1M | $21.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.011% | +0.0100% | 8h | $32.1M | $108.8M | 50x | as long as short |
| Bitget ADAUSDT | −0.011% | +0.0100% | 8h | $64.7M | $46.9M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ADA-USDC | −0.011% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Polymarket Perps ADA-USD | −0.011% | +0.0100% | 1h | $94K | $735K | 10x | as long as short |
| Orderly PERP_ADA_USDC | −0.011% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| SoDEX ADA-USD | −0.007% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.002% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| Binance ADAUSDTlong | 0.000% | +0.0100% | 8h | $102.0M | $366.6M | 75x | |
| Paradex ADA-USD-PERP | +0.002% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Reya ADARUSDPERPshort | +0.002% | +0.0294% | 1h | $1K | — | 15x | |
| Backpack ADA_USDC_PERP | +0.005% | +0.0100% | 1h | $103K | $431K | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.005% | L +0.0535% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Derive ADA-PERP | +0.010% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Aster ADAUSDT | +0.011% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Pacifica ADA | +0.024% | +0.0100% | 1h | $161K | $180K | 10x | as long as short |
| edgeX ADAUSDC | +0.028% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |
| HTX ADA-USDT | +0.029% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| SunX ADA-USDT | +0.029% | +0.0100% | 8h | $9K | $809K | 30x | as long as short |
| Kalshi KXADAPERP | +0.030% | 0.0000% | 8h | $99K | $5.8M | 3.2x | as long as short |
| BloFin ADA-USDT | +0.030% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Hyperliquid ADA | +0.038% | +0.0100% | 1h | $42.2M | $16.3M | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.043% | +0.0222% | 1h | $5.9M | $11.3M | 50x | as long as short |
| Variational Omni ADA | +0.046% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Lighter ADA | +0.046% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.063% | +0.0239% | 1h | $470K | $423K | 50x | as long as short |
| Phoenix ADA | +0.067% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| dYdX ADA-USD | +0.067% | +0.0068% | 1h | $203K | $2K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.071% | +0.0120% | 1h | $443K | $6.9M | 50x | as long as short |