After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.086%7d average−0.011%fees + slippage, in and out−$31spread needed0.311%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bitget ADAUSDT | 0.2437 | 0.0100 | pay 0.0100% / 8h | 4h 59m | $64.5M | $41.6M | 75x |
| Short | Lighter ADA | 0.2439 | 0.0096 | get 0.0012% / 1h | 59m 05s | $2.4M | $1.2M | 10x |
Bitget ADAUSDT
Lighter ADAPrice 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
- $8.62
- Funding while held
- −$0.12
- Slippage, 4 orders
- −$19.09
- Fee Bitget: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.6
- Spread needed to break even
- 0.311%
Slippage from Bitget: live order book, 1 min ago; Lighter: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0004%
- Per $10,000 a day
- −$0.12
- 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, 1 min ago | 2.05 bp | 8.9 bp −$9 | 13.5 bp −$135 | 27.9 bp −$2,793 | 110.9 bp −$55.4K |
| Sell Lighter live order book, 4 min ago | 1.43 bp | 5.2 bp −$5 | 13.3 bp −$133 | 45.6 bp −$4,556 | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Bybit0.2436cheapestGate0.2436cheapestBloFin0.2436cheapestPolymarket Perps0.2437+0.029%dYdX0.2437+0.037%Reya0.2437+0.039%gTrade (Gains Network)0.2437+0.040%MEXC0.2437+0.041%
Bybit
Gate
BloFin
Polymarket Perps
dYdX
Reya
gTrade (Gains Network)
MEXCBitget0.2437+0.041%
BingX0.2437+0.041%Orderly0.2437+0.041%Phemex0.2437+0.041%Aster0.2437+0.050%GMX0.2437+0.053%Extended0.2437+0.059%Paradex0.2437+0.062%SoDEX0.2437+0.062%HTX0.2438+0.068%Pacifica0.2438+0.069%KuCoin0.2438+0.074%Derive0.2438+0.076%Binance0.2438+0.080%OKX0.2438+0.082%Kalshi0.2438+0.082%Phoenix0.2438+0.086%Deribit0.2438+0.086%Kraken Futures0.2438+0.097%Backpack0.2438+0.099%Variational Omni0.2439+0.105%Hyperliquid0.2439+0.119%SunX0.2439+0.122%Coinbase International0.2439+0.123%
BingX
Orderly
Phemex
Aster
GMX
Extended
Paradex
SoDEX
HTX
Pacifica
KuCoin
Derive
Binance
OKX
Phoenix
Deribit
Kraken Futures
Backpack
Variational Omni
Hyperliquid
SunX
Coinbase InternationalLighter0.2439+0.127%
edgeX0.2439+0.136%ApeX Omni0.2441+0.205%Injective0.2441+0.205%
ApeX Omni
InjectiveADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | −0.041% | +0.0100% | 8h | $70.5M | $99.1M | 75x | as long as short |
| Gate ADA_USDT | −0.041% | +0.0100% | 8h | $96.0M | $55.7M | 75x | as long as short |
| BloFin ADA-USDT | −0.041% | +0.0220% | 8h | $4.5M | $4.9M | 75x | as long as short |
| Polymarket Perps ADA-USD | −0.012% | +0.0100% | 1h | $92K | $730K | 10x | as long as short |
| dYdX ADA-USD | −0.004% | 0.0000% | 1h | $200K | $4K | 10x | as long as short |
| Reya ADARUSDPERP | −0.002% | +0.0290% | 1h | $1K | — | 15x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.001% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| MEXC ADA_USDT | 0.000% | +0.0100% | 8h | $52.6M | $56.1M | 300x | as long as short |
| Bitget ADAUSDTlong | 0.000% | +0.0100% | 8h | $64.5M | $41.6M | 75x | |
| BingX ADA-USDT | 0.000% | +0.0100% | 8h | — | $18.9M | — | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_ADA_USDC | 0.000% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | 0.000% | +0.0100% | 8h | $47.4M | $5.1M | 50x | as long as short |
| Aster ADAUSDT | +0.009% | +0.0100% | 8h | $1.1M | $999K | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.011% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Extended ADA-USD | +0.018% | +0.0104% | 1h | $589K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.020% | +0.0102% | 8h | $20K | $250 | 20x | as long as short |
| SoDEX ADA-USD | +0.021% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.027% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Pacifica ADA | +0.028% | +0.0100% | 1h | $155K | $149K | 10x | as long as short |
| KuCoin ADAUSDTM | +0.033% | +0.0100% | 8h | $30.4M | $17.6M | 75x | as long as short |
| Derive ADA-PERP | +0.035% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Binance ADAUSDT | +0.039% | +0.0100% | 8h | $101.2M | $343.1M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $32.4M | $103.2M | 50x | as long as short |
| Kalshi KXADAPERP | +0.041% | 0.0000% | 8h | $123K | $5.8M | 3.2x | as long as short |
| Phoenix ADA | +0.045% | +0.0166% | 1h | $4K | $87K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.045% | +0.0283% | 1h | $476K | $371K | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.056% | +0.0425% | 1h | $6.2M | $10.8M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.057% | +0.0100% | 1h | $102K | $413K | 15x | as long as short |
| Variational Omni ADA | +0.064% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Hyperliquid ADA | +0.078% | +0.0100% | 1h | $42.6M | $13.7M | 10x | as long as short |
| SunX ADA-USDT | +0.081% | +0.0100% | 8h | $9K | $751K | 30x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.082% | +0.0064% | 1h | $467K | $6.8M | 50x | as long as short |
| Lighter ADAshort | +0.086% | +0.0096% | 1h | $2.4M | $1.2M | 10x | |
| edgeX ADAUSDC | +0.095% | +0.0100% | 4h | $65K | $280K | 20x | as long as short |
| ApeX Omni ADAUSDT | +0.164% | +0.0100% | 1h | $230K | $457K | 50x | as long as short |
| Injective ADA/USDC PERP | +0.164% | −0.0071% | 1h | $838 | $97K | 12x | as long as short |