After costs, if the gap returns to its 7d average, $10k−$32
spread now+0.029%7d average+0.001%fees + slippage, in and out−$34spread needed0.344%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ADAUSDT | 0.2435 | 0.0100 | pay 0.0100% / 8h | 1h 10m | $63.7M | $45.8M | 75x |
| Short | Backpack ADA_USDC_PERP | 0.2436 | 0.0100 | get 0.0013% / 1h | 10m 04s | $105K | $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
- $2.87
- Funding while held
- $0
- Slippage, 4 orders
- −$12.43
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Backpack: 5 bp × 2 orders
- −$10
- Net
- −$31.56
- Spread needed to break even
- 0.344%
Slippage from Bitget: live order book, 5 min ago; Backpack: live order book, 45 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 Bitget live order book, 5 min ago | 2.06 bp | 12.1 bp −$12 | 13.6 bp −$136 | 34.7 bp −$3,470 | 135.7 bp −$67.9K |
| Sell Backpack live order book, 45 min ago | 1.24 bp | 6.2 bp −$6 | 7.5 bp −$75 | 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 | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ADAUSDT | −0.616% | +0.0100% | 1h | $95K | $344K | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.616% | +0.0136% | 1h | $422K | $6.6M | 50x | as long as short |
| edgeX ADAUSDC | −0.578% | +0.0100% | 4h | $64K | $352K | 20x | as long as short |
| Injective ADA/USDC PERP | −0.452% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.329% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | −0.226% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| dYdX ADA-USD | −0.143% | 0.0000% | 1h | $201K | $2K | 10x | as long as short |
| Paradex ADA-USD-PERP | −0.133% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Kalshi KXADAPERP | −0.123% | 0.0000% | 8h | $147K | $5.5M | 3.2x | as long as short |
| BloFin ADA-USDT | −0.123% | +0.0220% | 8h | $4.5M | $6.0M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica ADA | −0.119% | +0.0100% | 1h | $158K | $174K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.090% | L +0.0542% / S −0.0293% | 1h | $116K | — | 100x | as long as short |
| Orderly PERP_ADA_USDC | −0.082% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.082% | +0.0100% | 8h | $47.7M | $5.8M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.069% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| Reya ADARUSDPERP | −0.061% | +0.0296% | 1h | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | −0.056% | −0.0069% | 1h | $5.9M | $11.1M | 50x | as long as short |
| KuCoin ADAUSDTM | −0.049% | +0.0100% | 8h | $30.1M | $20.8M | 75x | as long as short |
| Gate ADA_USDT | −0.041% | +0.0072% | 8h | $93.5M | $57.0M | 75x | as long as short |
| MEXC ADA_USDT | −0.041% | +0.0100% | 8h | $52.8M | $62.0M | 300x | as long as short |
| HTX ADA-USDT | −0.038% | +0.0100% | 8h | $1.3M | $4.7M | 75x | as long as short |
| Derive ADA-PERP | −0.030% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Extended ADA-USD | −0.029% | +0.0104% | 1h | $634K | $1.5M | 50x | as long as short |
| Polymarket Perps ADA-USD | −0.025% | +0.0100% | 1h | $93K | $721K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.025% | +0.0120% | 1h | $459K | $386K | 50x | as long as short |
| Aster ADAUSDT | −0.022% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| SunX ADA-USDT | −0.001% | +0.0100% | 8h | $9K | $773K | 30x | as long as short |
| Bybit ADAUSDT | 0.000% | +0.0100% | 8h | $70.2M | $108.9M | 75x | as long as short |
| Bitget ADAUSDTlong | 0.000% | +0.0100% | 8h | $63.7M | $45.8M | 75x | |
| Lighter ADA | +0.008% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| Binance ADAUSDT | +0.008% | +0.0100% | 8h | $101.5M | $349.6M | 75x | as long as short |
| SoDEX ADA-USD | +0.021% | +0.0100% | 1h | $503 | $13K | 10x | as long as short |
| Backpack ADA_USDC_PERPshort | +0.029% | +0.0100% | 1h | $105K | $415K | 15x | |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $32.3M | $104.2M | 50x | as long as short |
| BingX ADA-USDT | +0.041% | +0.0100% | 8h | — | $17.8M | — | as long as short |
| Hyperliquid ADA | +0.070% | +0.0100% | 1h | $41.6M | $15.7M | 10x | as long as short |
Bitget ADAUSDT
Backpack ADA_USDC_PERP
ApeX Omni
Coinbase International
Injective
Variational Omni
Phoenix
Paradex
BloFin
Pacifica
GMX
Phemex
gTrade (Gains Network)
Kraken Futures
KuCoin
Gate
MEXC
HTX
Derive
Extended
Polymarket Perps
Deribit
Aster
SunX
Bybit
Lighter
Binance
SoDEX
OKX
BingX
Hyperliquid