After costs, if the gap returns to its 7d average, $10k−$30
spread now+0.104%7d average—fees + slippage, in and out−$41spread needed0.406%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ADA-USDC | 0.2411 | 0.0100 | pay 0.0100% / 8h | 6h 00m | — | $6.6M | — |
| Short | Backpack ADA_USDC_PERP | 0.2414 | 0.0100 | get 0.0013% / 1h | 0m 22s | $101K | $409K | 15x |
BingX ADA-USDC
Backpack ADA_USDC_PERPPrice 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
- $10.37
- Funding while held
- $0
- Slippage, 4 orders
- −$20.57
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$30.2
- Spread needed to break even
- 0.406%
Slippage from BingX: live order book, 13 min ago; Backpack: live order book, 40 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 BingX live order book, 13 min ago | 4.13 bp | 12.5 bp −$13 | 23.9 bp −$239 | 79.1 bp −$7,915 | 635.0 bp −$317.5K |
| Sell Backpack live order book, 40 min ago | 1.03 bp | 6.0 bp −$6 | 7.3 bp −$73 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.2403cheapestedgeX0.2405+0.084%Phoenix0.2406+0.112%Coinbase International0.2406+0.125%Variational Omni0.2410+0.280%Bybit0.2410+0.291%Gate0.2410+0.291%MEXC0.2410+0.291%Bitget0.2410+0.291%Polymarket Perps0.2410+0.300%KuCoin0.2410+0.312%Reya0.2411+0.317%
ApeX Omni
Phoenix
Coinbase International
Variational Omni
Bybit
Gate
MEXC
Bitget
Polymarket Perps
KuCoin
ReyaBingX0.2411+0.333%
Kalshi0.2411+0.333%gTrade (Gains Network)0.2411+0.334%Hyperliquid0.2411+0.350%GMX0.2411+0.350%Extended0.2412+0.354%Aster0.2412+0.359%Binance0.2412+0.368%OKX0.2412+0.375%Orderly0.2412+0.375%Pacifica0.2412+0.391%Paradex0.2413+0.412%dYdX0.2413+0.415%Phemex0.2413+0.416%
gTrade (Gains Network)
Hyperliquid
GMX
Extended
Aster
Binance
OKX
Orderly
Pacifica
Paradex
dYdX
PhemexBackpack0.2414+0.437%
SoDEX0.2414+0.437%HTX0.2414+0.450%Kraken Futures0.2414+0.451%Derive0.2414+0.451%SunX0.2414+0.457%BloFin0.2414+0.458%Lighter0.2414+0.462%Deribit0.2415+0.499%Injective0.2424+0.874%
SoDEX
HTX
Kraken Futures
Derive
SunX
BloFin
Lighter
Deribit
InjectiveADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ADAUSDT | −0.332% | +0.0100% | 1h | $225K | $454K | 50x | as long as short |
| edgeX ADAUSDC | −0.248% | +0.0100% | 4h | $64K | $279K | 20x | as long as short |
| Phoenix ADA | −0.220% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.207% | +0.0080% | 1h | $466K | $6.7M | 50x | as long as short |
| Variational Omni ADA | −0.053% | +0.0100% | 8h | $4.1M | $1.0M | — | as long as short |
| Bybit ADAUSDT | −0.041% | +0.0100% | 8h | $69.4M | $99.7M | 75x | as long as short |
| Gate ADA_USDT | −0.041% | +0.0100% | 8h | $94.2M | $56.0M | 75x | as long as short |
| MEXC ADA_USDT | −0.041% | +0.0100% | 8h | $51.3M | $61.0M | 300x | as long as short |
| Bitget ADAUSDT | −0.041% | +0.0100% | 8h | $63.8M | $41.7M | 75x | as long as short |
| Polymarket Perps ADA-USD | −0.033% | +0.0100% | 1h | $90K | $726K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin ADAUSDTM | −0.021% | +0.0100% | 8h | $29.7M | $17.6M | 75x | as long as short |
| Reya ADARUSDPERP | −0.016% | +0.0291% | 1h | $1K | — | 15x | as long as short |
| BingX ADA-USDClong | 0.000% | +0.0100% | 8h | — | $6.6M | — | |
| Kalshi KXADAPERP | 0.000% | 0.0000% | 8h | $165K | $5.9M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.001% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| Hyperliquid ADA | +0.017% | +0.0100% | 1h | $42.0M | $13.8M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.017% | L +0.0517% / S −0.0276% | 1h | $111K | — | 100x | as long as short |
| Extended ADA-USD | +0.021% | +0.0104% | 1h | $600K | $1.7M | 50x | as long as short |
| Aster ADAUSDT | +0.026% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| Binance ADAUSDT | +0.035% | +0.0100% | 8h | $100.1M | $342.1M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $31.6M | $102.1M | 50x | as long as short |
| Orderly PERP_ADA_USDC | +0.041% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Pacifica ADA | +0.058% | +0.0100% | 1h | $155K | $154K | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.079% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| dYdX ADA-USD | +0.082% | +0.0190% | 1h | $200K | $2K | 10x | as long as short |
| Phemex ADAUSDT | +0.083% | +0.0100% | 8h | $47.1M | $5.1M | 50x | as long as short |
| Backpack ADA_USDC_PERPshort | +0.104% | +0.0100% | 1h | $101K | $409K | 15x | |
| SoDEX ADA-USD | +0.104% | +0.0100% | 1h | $332 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.117% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.117% | +0.0357% | 1h | $6.1M | $10.7M | 50x | as long as short |
| Derive ADA-PERP | +0.118% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.123% | +0.0100% | 8h | $9K | $751K | 30x | as long as short |
| BloFin ADA-USDT | +0.124% | +0.0220% | 8h | $4.5M | $5.3M | 75x | as long as short |
| Lighter ADA | +0.129% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.166% | +0.0454% | 1h | $472K | $377K | 50x | as long as short |
| Injective ADA/USDC PERP | +0.539% | +0.0033% | 1h | $832 | $103K | 12x | as long as short |