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Price arb /

ADA

all ADA markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.120%
7d average—if it closes, per $10,000$12funding while held, a day+$0.01
Long on BybitShort on Paradex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBybit ADAUSDT0.24330.0100pay 0.0100% / 8h6h 16m$71.1M$98.3M75x
ShortParadex ADA-USD-PERP0.24360.0100get 0.0100% / 8h6h 16m$20K$25020x

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
$11.95
Funding while held
$0.01
Slippage, 4 orders
no order book: not counted
Fee Bybit: 5.5 bp × 2 orders
−$11
Fee Paradex: 2 bp × 2 orders
−$4
Net
−$3.03
Spread needed to break even
0.150%
Slippage unknown: Bybit: live order book, 3 min ago; Paradex: no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
0.0000%
Per $10,000 a day
+$0.01
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, 3 min ago2.05 bp9.1 bp −$912.7 bp −$12737.0 bp −$3,698173.1 bp −$86.6K
Sell Paradex no order-book sample—————
Paradex: 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.
Injective0.2424cheapestMEXC0.2431+0.289%Bitget0.2431+0.289%Extended0.2432+0.311%
Bybit0.2433+0.371%
Gate0.2433+0.371%dYdX0.2434+0.409%OKX0.2434+0.413%BloFin0.2434+0.413%Binance0.2434+0.415%SoDEX0.2435+0.441%Aster0.2435+0.443%GMX0.2435+0.444%KuCoin0.2435+0.446%BingX0.2435+0.454%ApeX Omni0.2435+0.454%Kalshi0.2435+0.454%Orderly0.2435+0.454%Phemex0.2435+0.454%gTrade (Gains Network)0.2435+0.455%Derive0.2435+0.466%Pacifica0.2436+0.477%Reya0.2436+0.478%Backpack0.2436+0.479%
Paradex0.2436+0.491%
SunX0.2436+0.495%Polymarket Perps0.2436+0.499%Lighter0.2436+0.503%Deribit0.2436+0.503%Kraken Futures0.2436+0.506%Hyperliquid0.2437+0.524%Variational Omni0.2437+0.524%HTX0.2437+0.526%Coinbase International0.2437+0.536%Phoenix0.2437+0.553%edgeX0.2439+0.619%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.370%+0.0033%1h$832$103K12xas long as short
MEXC ADA_USDT−0.082%+0.0100%8h$52.8M$60.4M300xas long as short
Bitget ADAUSDT−0.082%+0.0100%8h$64.2M$41.7M75xas long as short
Extended ADA-USD−0.060%+0.0104%1h$606K$1.7M50xas long as short
Bybit ADAUSDTlong0.000%+0.0100%8h$71.1M$98.3M75x
Gate ADA_USDT0.000%+0.0100%8h$94.6M$55.0M75xas long as short
dYdX ADA-USD+0.038%+0.0056%1h$201K$2K10xas long as short
OKX ADA-USDT-SWAP+0.041%+0.0100%8h$32.2M$101.9M50xas long as short
BloFin ADA-USDT+0.041%+0.0220%8h$4.4M$5.3M75xas long as short
Binance ADAUSDT+0.044%+0.0100%8h$101.2M$339.6M75xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX ADA-USD+0.070%+0.0100%1h$335$13K10xas long as short
Aster ADAUSDT+0.071%+0.0100%8h$1.1M$1.0M75xas long as short
GMX ADA/USD [WBTC.b-USDC]+0.072%L +0.0520% / S −0.0276%1h$112K—100xas long as short
KuCoin ADAUSDTM+0.074%+0.0100%8h$30.0M$17.6M75xas long as short
BingX ADA-USDC+0.082%+0.0100%8h—$6.5M—as long as short
ApeX Omni ADAUSDT+0.082%+0.0100%1h$228K$453K50xas long as short
Kalshi KXADAPERP+0.082%0.0000%8h$145K$5.8M3.2xas long as short
Orderly PERP_ADA_USDC+0.082%+0.0100%8h$6K$36K20xas long as short
Phemex ADAUSDT+0.082%+0.0100%8h$47.5M$5.4M50xas long as short
gTrade (Gains Network) ADA/USD+0.084%L +0.0005% / S −0.0003%1h$83K—150xas long as short
Derive ADA-PERP+0.094%+0.0100%1h$39K$3K5xas long as short
Pacifica ADA+0.105%+0.0100%1h$157K$153K10xas long as short
Reya ADARUSDPERP+0.107%+0.0292%1h$1K—15xas long as short
Backpack ADA_USDC_PERP+0.107%+0.0100%1h$101K$408K15xas long as short
Paradex ADA-USD-PERPshort+0.120%+0.0100%8h$20K$25020x
SunX ADA-USDT+0.123%+0.0100%8h$9K$749K30xas long as short
Polymarket Perps ADA-USD+0.127%+0.0100%1h$92K$726K10xas long as short
Lighter ADA+0.132%+0.0096%1h$2.4M$1.2M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.132%+0.0448%1h$476K$383K50xas long as short
Kraken Futures PF_ADAUSD+0.135%+0.0354%1h$6.1M$10.6M50xas long as short
Hyperliquid ADA+0.152%+0.0100%1h$43.0M$13.6M10xas long as short
Variational Omni ADA+0.152%+0.0100%8h$4.2M$1.0M—as long as short
HTX ADA-USDT+0.154%+0.0100%8h$1.3M$4.5M75xas long as short
Coinbase International ADA-PERP-INTX+0.164%+0.0080%1h$480K$6.8M50xas long as short
Phoenix ADA+0.181%+0.0164%1h$4K$94K10xas long as short
edgeX ADAUSDC+0.247%+0.0100%4h$65K$278K20xas long as short