After costs, if the gap returns to its 7d average, $10k−$40
spread now+0.033%7d average+0.019%fees + slippage, in and out−$41spread needed0.413%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ADAUSDT | 0.2444 | 0.0100 | pay 0.0100% / 8h | 7h 02m | $71.4M | $104.9M | 75x |
| Short | Kraken Futures PF_ADAUSD | 0.2445 | 0.0140 | get 0.0018% / 1h | 2m 21s | $6.0M | $11.0M | 50x |
Bybit ADAUSDT
Kraken Futures PF_ADAUSDPrice 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
- $3.35
- Funding while held
- $1.2
- Slippage, 4 orders
- −$20.32
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Net
- −$36.77
- Spread needed to break even
- 0.413%
Slippage from Bybit: live order book, 3 min ago; Kraken Futures: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0040%
- Per $10,000 a day
- +$1.20
- 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 Bybit live order book, 3 min ago | 2.05 bp | 7.5 bp −$8 | 12.4 bp −$124 | 39.6 bp −$3,963 | 222.7 bp −$111.3K |
| Sell Kraken Futures live order book, 3 min ago | 3.27 bp | 11.7 bp −$12 | 14.2 bp −$142 | 36.6 bp −$3,662 | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestApeX Omni0.2439+0.619%Variational Omni0.2443+0.778%Gate0.2443+0.784%MEXC0.2443+0.784%BingX0.2443+0.784%dYdX0.2443+0.800%Reya0.2443+0.804%GMX0.2444+0.807%Extended0.2444+0.818%
Injective
ApeX Omni
Variational Omni
Gate
MEXC
BingX
dYdX
Reya
GMX
ExtendedBybit0.2444+0.825%
OKX0.2444+0.825%Bitget0.2444+0.825%Kalshi0.2444+0.825%Orderly0.2444+0.825%SoDEX0.2444+0.825%Coinbase International0.2444+0.825%Phemex0.2444+0.825%gTrade (Gains Network)0.2444+0.837%Pacifica0.2444+0.840%Paradex0.2445+0.846%Binance0.2445+0.852%Polymarket Perps0.2445+0.858%
OKX
Bitget
Orderly
SoDEX
Coinbase International
Phemex
gTrade (Gains Network)
Pacifica
Paradex
Binance
Polymarket PerpsKraken Futures0.2445+0.859%
Derive0.2445+0.859%KuCoin0.2445+0.862%Hyperliquid0.2445+0.866%Lighter0.2445+0.870%Phoenix0.2445+0.870%HTX0.2445+0.871%Aster0.2445+0.871%Backpack0.2445+0.875%Deribit0.2445+0.875%SunX0.2446+0.906%BloFin0.2446+0.908%edgeX0.2446+0.912%
Derive
KuCoin
Hyperliquid
Lighter
Phoenix
HTX
Aster
Backpack
Deribit
SunX
BloFinADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.818% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.205% | +0.0100% | 1h | $228K | $452K | 50x | as long as short |
| Variational Omni ADA | −0.047% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Gate ADA_USDT | −0.041% | +0.0100% | 8h | $94.9M | $57.6M | 75x | as long as short |
| MEXC ADA_USDT | −0.041% | +0.0100% | 8h | $52.3M | $63.9M | 300x | as long as short |
| BingX ADA-USDC | −0.041% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| dYdX ADA-USD | −0.025% | +0.0059% | 1h | $202K | $2K | 10x | as long as short |
| Reya ADARUSDPERP | −0.021% | +0.0293% | 1h | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.018% | L +0.0521% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Extended ADA-USD | −0.007% | +0.0104% | 1h | $593K | $1.7M | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ADAUSDTlong | 0.000% | +0.0100% | 8h | $71.4M | $104.9M | 75x | |
| OKX ADA-USDT-SWAP | 0.000% | +0.0100% | 8h | $32.4M | $105.7M | 50x | as long as short |
| Bitget ADAUSDT | 0.000% | +0.0100% | 8h | $65.0M | $44.7M | 75x | as long as short |
| Kalshi KXADAPERP | 0.000% | 0.0000% | 8h | $68K | $5.7M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | 0.000% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| SoDEX ADA-USD | 0.000% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | 0.000% | +0.0112% | 1h | $476K | $7.0M | 50x | as long as short |
| Phemex ADAUSDT | 0.000% | +0.0100% | 8h | $47.7M | $5.8M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.012% | L +0.0005% / S −0.0003% | 1h | $86K | — | 150x | as long as short |
| Pacifica ADA | +0.014% | +0.0100% | 1h | $159K | $169K | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.021% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Binance ADAUSDT | +0.026% | +0.0100% | 8h | $101.9M | $351.5M | 75x | as long as short |
| Polymarket Perps ADA-USD | +0.033% | +0.0100% | 1h | $92K | $736K | 10x | as long as short |
| Kraken Futures PF_ADAUSDshort | +0.033% | +0.0140% | 1h | $6.0M | $11.0M | 50x | |
| Derive ADA-PERP | +0.033% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| KuCoin ADAUSDTM | +0.037% | +0.0100% | 8h | $30.1M | $19.7M | 75x | as long as short |
| Hyperliquid ADA | +0.041% | +0.0100% | 1h | $42.7M | $14.3M | 10x | as long as short |
| Lighter ADA | +0.045% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| Phoenix ADA | +0.045% | +0.0131% | 1h | $4K | $103K | 10x | as long as short |
| HTX ADA-USDT | +0.045% | +0.0100% | 8h | $1.3M | $4.9M | 75x | as long as short |
| Aster ADAUSDT | +0.045% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.049% | +0.0100% | 1h | $101K | $421K | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.049% | +0.0241% | 1h | $476K | $391K | 50x | as long as short |
| SunX ADA-USDT | +0.080% | +0.0100% | 8h | $9K | $771K | 30x | as long as short |
| BloFin ADA-USDT | +0.082% | +0.0220% | 8h | $4.4M | $6.3M | 75x | as long as short |
| edgeX ADAUSDC | +0.086% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |