After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.098%7d average+0.041%fees + slippage, in and out−$37spread needed0.368%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ADA-PERP-INTX | 0.2441 | 0.0136 | pay 0.0017% / 1h | 5m 00s | $424K | $6.8M | 50x |
| Short | Binance ADAUSDT | 0.2443 | 0.0100 | get 0.0100% / 8h | 1h 05m | $101.8M | $354.2M | 75x |
Price 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
- $9.82
- Funding while held
- −$1.08
- Slippage, 4 orders
- −$16.82
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$28.08
- Spread needed to break even
- 0.368%
Slippage from Coinbase International: live order book, 5 min ago; Binance: live order book, 10 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0036%
- Per $10,000 a day
- −$1.08
- 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 Coinbase International live order book, 5 min ago | 2.06 bp | 9.9 bp −$10 | 15.5 bp −$155 | 86.9 bp −$8,688 | doesn't fit |
| Sell Binance live order book, 10 min ago | 2.06 bp | 8.9 bp −$9 | 11.7 bp −$117 | 29.7 bp −$2,971 | 87.6 bp −$43.8K |
ADA price on every exchange
against the cheapest. Click to use as the short leg.ADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.696% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| edgeX ADAUSDC | −0.172% | +0.0100% | 4h | $65K | $353K | 20x | as long as short |
| Phoenix ADA | −0.135% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Paradex ADA-USD-PERP | −0.023% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Coinbase International ADA-PERP-INTXlong | 0.000% | +0.0136% | 1h | $424K | $6.8M | 50x | |
| dYdX ADA-USD | 0.000% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| HTX ADA-USDT | +0.005% | +0.0100% | 8h | $1.3M | $4.8M | 75x | as long as short |
| Pacifica ADA | +0.016% | +0.0100% | 1h | $159K | $174K | 10x | as long as short |
| Bybit ADAUSDT | +0.041% | +0.0100% | 8h | $70.7M | $109.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $32.4M | $105.4M | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ADA-USDC | +0.041% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Kalshi KXADAPERP | +0.041% | 0.0000% | 8h | $126K | $5.6M | 3.2x | as long as short |
| Extended ADA-USD | +0.054% | +0.0104% | 1h | $635K | $1.6M | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.057% | +0.0100% | 1h | $93K | $722K | 10x | as long as short |
| Reya ADARUSDPERP | +0.079% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| Bitget ADAUSDT | +0.082% | +0.0100% | 8h | $64.0M | $46.3M | 75x | as long as short |
| Binance ADAUSDTshort | +0.098% | +0.0100% | 8h | $101.8M | $354.2M | 75x | |
| Gate ADA_USDT | +0.123% | +0.0074% | 8h | $94.0M | $57.4M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.123% | +0.0100% | 1h | $104K | $417K | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.163% | L +0.0542% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| ApeX Omni ADAUSDT | +0.164% | +0.0100% | 1h | $152K | $395K | 50x | as long as short |
| Phemex ADAUSDT | +0.164% | +0.0100% | 8h | $47.9M | $5.8M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.177% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| MEXC ADA_USDT | +0.205% | +0.0100% | 8h | $52.0M | $62.4M | 300x | as long as short |
| Variational Omni ADA | +0.207% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Kraken Futures PF_ADAUSD | +0.228% | −0.0069% | 1h | $6.0M | $11.3M | 50x | as long as short |
| Aster ADAUSDT | +0.239% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| KuCoin ADAUSDTM | +0.242% | +0.0100% | 8h | $30.2M | $20.8M | 75x | as long as short |
| Orderly PERP_ADA_USDC | +0.246% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| SunX ADA-USDT | +0.246% | +0.0100% | 8h | $9K | $780K | 30x | as long as short |
| SoDEX ADA-USD | +0.246% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| Derive ADA-PERP | +0.260% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Hyperliquid ADA | +0.262% | +0.0100% | 1h | $41.8M | $15.7M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.287% | +0.0240% | 1h | $464K | $394K | 50x | as long as short |
| Lighter ADA | +0.311% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| BloFin ADA-USDT | +0.328% | +0.0220% | 8h | $4.5M | $6.0M | 75x | as long as short |
Coinbase International ADA-PERP-INTX
Binance ADAUSDT
Injective
Phoenix
Paradex
HTX
Pacifica
Bybit
OKX
BingX
Extended
Polymarket Perps
Bitget
Gate
Backpack
GMX
ApeX Omni
Phemex
gTrade (Gains Network)
MEXC
Variational Omni
Kraken Futures
Aster
KuCoin
SunX
SoDEX
Derive
Hyperliquid
Deribit
Lighter
BloFin