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Price arb /

ADA

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Spread before costs (cost unknown: a leg has no order-book sample)−1.142%
7d average−0.344%if it closes, per $10,000$114funding while held, a day+$13.73
Long on BybitShort on Injective
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ADAUSDT0.24520.0100pay 0.0100% / 8h10m 15s$71.4M$112.0M75x
ShortInjective ADA/USDC PERP0.24240.0558get 0.0070% / 1h10m 15s$832$124K12x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$114.19
Funding while held
$13.73
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Injective: 0.01 bp × 2 orders
−$0.02
Net
−$111.48
Spread needed to break even
0.110%
Slippage unknown: Bybit: live order book, 5 min ago; Injective: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0458%
Per $10,000 a day
+$13.73
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Bybit live order book, 5 min ago2.04 bp11.5 bp −$1113.6 bp −$13640.7 bp −$4,071273.9 bp −$136.9K
Sell Injective no order-book sample—————
Injective: 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.
Injective0.2424cheapest
ApeX Omni0.2449+1.031%edgeX0.2451+1.101%Gate0.2451+1.114%Extended0.2451+1.127%gTrade (Gains Network)0.2452+1.152%
Bybit0.2452+1.155%
OKX0.2452+1.155%MEXC0.2452+1.155%Bitget0.2452+1.155%Phemex0.2452+1.155%GMX0.2452+1.167%Reya0.2452+1.168%KuCoin0.2453+1.180%Paradex0.2453+1.181%Derive0.2453+1.185%SunX0.2453+1.196%BingX0.2453+1.196%Orderly0.2453+1.196%SoDEX0.2453+1.196%Coinbase International0.2453+1.196%Aster0.2453+1.207%Binance0.2453+1.213%Backpack0.2453+1.213%Polymarket Perps0.2454+1.221%Deribit0.2454+1.221%dYdX0.2454+1.221%Pacifica0.2454+1.225%HTX0.2454+1.227%Kalshi0.2454+1.238%Kraken Futures0.2454+1.243%Variational Omni0.2454+1.254%Hyperliquid0.2455+1.267%Lighter0.2455+1.267%BloFin0.2456+1.320%Phoenix0.2457+1.345%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERPshort−1.142%+0.0558%1h$832$124K12x
ApeX Omni ADAUSDT−0.122%+0.0100%1h$229K$450K50xas long as short
edgeX ADAUSDC−0.054%+0.0100%4h$65K$276K20xas long as short
Gate ADA_USDT−0.041%+0.0066%8h$95.4M$59.9M75xas long as short
Extended ADA-USD−0.028%+0.0104%1h$606K$1.7M50xas long as short
gTrade (Gains Network) ADA/USD−0.003%L +0.0005% / S −0.0003%1h$89K—150xas long as short
Bybit ADAUSDTlong0.000%+0.0100%8h$71.4M$112.0M75x
OKX ADA-USDT-SWAP0.000%+0.0100%8h$32.1M$108.7M50xas long as short
MEXC ADA_USDT0.000%+0.0100%8h$52.2M$64.2M300xas long as short
Bitget ADAUSDT0.000%+0.0100%8h$64.7M$46.9M75xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Phemex ADAUSDT0.000%+0.0100%8h$47.9M$5.8M50xas long as short
GMX ADA/USD [WBTC.b-USDC]+0.011%L +0.0535% / S −0.0286%1h$115K—100xas long as short
Reya ADARUSDPERP+0.013%+0.0294%1h$1K—15xas long as short
KuCoin ADAUSDTM+0.024%+0.0100%8h$30.3M$21.1M75xas long as short
Paradex ADA-USD-PERP+0.026%+0.0100%8h$21K$25020xas long as short
Derive ADA-PERP+0.030%+0.0100%1h$40K$3K5xas long as short
SunX ADA-USDT+0.040%+0.0100%8h$9K$807K30xas long as short
BingX ADA-USDT+0.041%+0.0100%8h—$18.6M—as long as short
Orderly PERP_ADA_USDC+0.041%+0.0100%8h$6K$36K20xas long as short
SoDEX ADA-USD+0.041%+0.0100%1h$337$13K10xas long as short
Coinbase International ADA-PERP-INTX+0.041%+0.0120%1h$439K$6.9M50xas long as short
Aster ADAUSDT+0.052%+0.0100%8h$1.1M$1.4M75xas long as short
Binance ADAUSDT+0.057%+0.0100%8h$101.9M$366.2M75xas long as short
Backpack ADA_USDC_PERP+0.057%+0.0100%1h$103K$430K15xas long as short
Polymarket Perps ADA-USD+0.065%+0.0100%1h$94K$734K10xas long as short
Deribit ADA_USDC-PERPETUAL+0.065%+0.0199%1h$470K$423K50xas long as short
dYdX ADA-USD+0.065%+0.0075%1h$203K$2K10xas long as short
Pacifica ADA+0.069%+0.0100%1h$161K$181K10xas long as short
HTX ADA-USDT+0.071%+0.0100%8h$1.3M$5.2M75xas long as short
Kalshi KXADAPERP+0.082%0.0000%8h$99K$5.8M3.2xas long as short
Kraken Futures PF_ADAUSD+0.087%+0.0222%1h$5.9M$11.3M50xas long as short
Variational Omni ADA+0.097%+0.0100%8h$4.2M$1.0M—as long as short
Hyperliquid ADA+0.110%+0.0100%1h$42.2M$16.4M10xas long as short
Lighter ADA+0.110%+0.0096%1h$2.3M$1.1M10xas long as short
BloFin ADA-USDT+0.163%+0.0220%8h$4.5M$6.3M75xas long as short
Phoenix ADA+0.188%+0.0066%1h$4K$103K10xas long as short