After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.073%7d average+0.016%fees + slippage, in and out−$34spread needed0.342%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ADAUSDT | 0.2455 | 0.0100 | pay 0.0100% / 8h | 8m 38s | $71.5M | $112.0M | 75x |
| Short | Polymarket Perps ADA-USD | 0.2453 | 0.0100 | get 0.0013% / 1h | 8m 38s | $94K | $735K | 10x |
Bybit ADAUSDT
Polymarket Perps ADA-USDPrice 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
- −$7.33
- Funding while held
- $0
- Slippage, 4 orders
- −$15.2
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$41.53
- Spread needed to break even
- 0.342%
Slippage from Bybit: live order book, 2 min ago; Polymarket Perps: live order book, 41 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 Bybit live order book, 2 min ago | 2.04 bp | 8.9 bp −$9 | 13.8 bp −$138 | 43.6 bp −$4,361 | 301.1 bp −$150.6K |
| Sell Polymarket Perps live order book, 41 min ago | 0.61 bp | 6.6 bp −$7 | 11.4 bp −$114 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestOrderly0.2452+1.155%Reya0.2452+1.167%Derive0.2453+1.176%GMX0.2453+1.177%Extended0.2453+1.190%gTrade (Gains Network)0.2453+1.192%Kalshi0.2453+1.196%SoDEX0.2453+1.196%Phemex0.2453+1.196%
Injective
Orderly
Reya
Derive
GMX
Extended
gTrade (Gains Network)
SoDEX
PhemexPolymarket Perps0.2453+1.205%
Deribit0.2453+1.209%HTX0.2453+1.213%Kraken Futures0.2453+1.216%Backpack0.2454+1.217%Aster0.2454+1.230%SunX0.2454+1.237%Gate0.2454+1.238%BingX0.2454+1.238%Variational Omni0.2454+1.254%KuCoin0.2454+1.254%dYdX0.2455+1.278%
Deribit
HTX
Kraken Futures
Backpack
Aster
SunX
Gate
BingX
Variational Omni
KuCoin
dYdXBybit0.2455+1.279%
Bitget0.2455+1.279%Coinbase International0.2455+1.279%BloFin0.2455+1.279%Pacifica0.2456+1.308%Binance0.2456+1.320%OKX0.2456+1.320%MEXC0.2456+1.320%ApeX Omni0.2456+1.320%Phoenix0.2457+1.345%edgeX0.2457+1.347%Paradex0.2457+1.358%Lighter0.2457+1.370%Hyperliquid0.2458+1.386%
Bitget
Coinbase International
BloFin
Pacifica
Binance
OKX
MEXC
ApeX Omni
Phoenix
Paradex
Lighter
HyperliquidADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.263% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Orderly PERP_ADA_USDC | −0.122% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Reya ADARUSDPERP | −0.110% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| Derive ADA-PERP | −0.101% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.100% | L +0.0535% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Extended ADA-USD | −0.088% | +0.0104% | 1h | $606K | $1.7M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.086% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| Kalshi KXADAPERP | −0.081% | 0.0000% | 8h | $99K | $5.8M | 3.2x | as long as short |
| SoDEX ADA-USD | −0.081% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| Phemex ADAUSDT | −0.081% | +0.0100% | 8h | $48.0M | $5.9M | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps ADA-USDshort | −0.073% | +0.0100% | 1h | $94K | $735K | 10x | |
| Deribit ADA_USDC-PERPETUAL | −0.069% | +0.0076% | 1h | $470K | $423K | 50x | as long as short |
| HTX ADA-USDT | −0.065% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | −0.062% | +0.0222% | 1h | $5.9M | $11.3M | 50x | as long as short |
| Backpack ADA_USDC_PERP | −0.061% | +0.0100% | 1h | $103K | $430K | 15x | as long as short |
| Aster ADAUSDT | −0.048% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| SunX ADA-USDT | −0.041% | +0.0100% | 8h | $10K | $808K | 30x | as long as short |
| Gate ADA_USDT | −0.041% | +0.0068% | 8h | $95.2M | $60.0M | 75x | as long as short |
| BingX ADA-USDC | −0.041% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Variational Omni ADA | −0.025% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| KuCoin ADAUSDTM | −0.024% | +0.0100% | 8h | $30.3M | $21.1M | 75x | as long as short |
| dYdX ADA-USD | −0.001% | +0.0072% | 1h | $203K | $2K | 10x | as long as short |
| Bybit ADAUSDTlong | 0.000% | +0.0100% | 8h | $71.5M | $112.0M | 75x | |
| Bitget ADAUSDT | 0.000% | +0.0100% | 8h | $64.7M | $46.9M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | 0.000% | +0.0120% | 1h | $443K | $6.9M | 50x | as long as short |
| BloFin ADA-USDT | 0.000% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Pacifica ADA | +0.029% | +0.0100% | 1h | $161K | $180K | 10x | as long as short |
| Binance ADAUSDT | +0.041% | +0.0100% | 8h | $102.0M | $366.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $32.2M | $108.9M | 50x | as long as short |
| MEXC ADA_USDT | +0.041% | +0.0100% | 8h | $52.2M | $64.3M | 300x | as long as short |
| ApeX Omni ADAUSDT | +0.041% | +0.0100% | 1h | $229K | $450K | 50x | as long as short |
| Phoenix ADA | +0.065% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| edgeX ADAUSDC | +0.068% | +0.0100% | 4h | $65K | $276K | 20x | as long as short |
| Paradex ADA-USD-PERP | +0.078% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.090% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.106% | +0.0100% | 1h | $42.3M | $16.3M | 10x | as long as short |