After costs, if the gap returns to its 7d average, $10k−$40
spread now−0.069%7d average−0.046%fees + slippage, in and out−$37spread needed0.374%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ADA_USDC-PERPETUAL | 0.2451 | 0.0036 | pay 0.0005% / 1h | 13m 13s | $470K | $422K | 50x |
| Short | Bybit ADAUSDT | 0.2449 | 0.0100 | get 0.0100% / 8h | 13m 13s | $71.2M | $112.0M | 75x |
Deribit ADA_USDC-PERPETUAL
Bybit ADAUSDTPrice 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
- −$6.94
- Funding while held
- $1.92
- Slippage, 4 orders
- −$19.4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$42.42
- Spread needed to break even
- 0.374%
Slippage from Deribit: live order book, 37 min ago; Bybit: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0064%
- Per $10,000 a day
- +$1.92
- 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 Deribit live order book, 37 min ago | 4.47 bp | 9.6 bp −$10 | 41.4 bp −$414 | doesn't fit | doesn't fit |
| Sell Bybit live order book, 2 min ago | 2.04 bp | 7.5 bp −$8 | 10.6 bp −$106 | 36.5 bp −$3,652 | 167.4 bp −$83.7K |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestVariational Omni0.2443+0.796%
Injective
Variational OmniBybit0.2449+1.031%
OKX0.2449+1.031%Gate0.2449+1.031%ApeX Omni0.2449+1.031%Kalshi0.2449+1.031%edgeX0.2449+1.037%Reya0.2449+1.046%Extended0.2449+1.048%MEXC0.2450+1.073%Bitget0.2450+1.073%Orderly0.2450+1.073%SoDEX0.2450+1.073%Phemex0.2450+1.073%KuCoin0.2450+1.077%dYdX0.2450+1.077%Pacifica0.2450+1.085%Polymarket Perps0.2450+1.085%Aster0.2450+1.092%GMX0.2451+1.096%Backpack0.2451+1.097%Binance0.2451+1.101%
OKX
Gate
ApeX Omni
Reya
Extended
MEXC
Bitget
Orderly
SoDEX
Phemex
KuCoin
dYdX
Pacifica
Polymarket Perps
Aster
GMX
Backpack
BinanceDeribit0.2451+1.101%
Kraken Futures0.2451+1.105%Derive0.2451+1.109%gTrade (Gains Network)0.2451+1.111%SunX0.2451+1.113%HTX0.2451+1.113%BingX0.2451+1.114%Coinbase International0.2451+1.114%BloFin0.2451+1.114%Paradex0.2451+1.128%Hyperliquid0.2452+1.134%Lighter0.2452+1.134%Phoenix0.2453+1.180%
Kraken Futures
Derive
gTrade (Gains Network)
SunX
HTX
BingX
Coinbase International
BloFin
Paradex
Hyperliquid
Lighter
PhoenixADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.089% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.302% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Bybit ADAUSDTshort | −0.069% | +0.0100% | 8h | $71.2M | $112.0M | 75x | |
| OKX ADA-USDT-SWAP | −0.069% | +0.0100% | 8h | $32.1M | $108.5M | 50x | as long as short |
| Gate ADA_USDT | −0.069% | +0.0065% | 8h | $95.5M | $59.7M | 75x | as long as short |
| ApeX Omni ADAUSDT | −0.069% | +0.0100% | 1h | $229K | $450K | 50x | as long as short |
| Kalshi KXADAPERP | −0.069% | 0.0000% | 8h | $110K | $5.8M | 3.2x | as long as short |
| edgeX ADAUSDC | −0.064% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| Reya ADARUSDPERP | −0.055% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| Extended ADA-USD | −0.053% | +0.0104% | 1h | $608K | $1.7M | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | −0.029% | +0.0100% | 8h | $52.1M | $64.0M | 300x | as long as short |
| Bitget ADAUSDT | −0.029% | +0.0100% | 8h | $64.7M | $46.8M | 75x | as long as short |
| Orderly PERP_ADA_USDC | −0.029% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| SoDEX ADA-USD | −0.029% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| Phemex ADAUSDT | −0.029% | +0.0100% | 8h | $47.9M | $5.8M | 50x | as long as short |
| KuCoin ADAUSDTM | −0.024% | +0.0100% | 8h | $30.2M | $21.1M | 75x | as long as short |
| dYdX ADA-USD | −0.024% | +0.0080% | 1h | $203K | $2K | 10x | as long as short |
| Pacifica ADA | −0.016% | +0.0100% | 1h | $161K | $181K | 10x | as long as short |
| Polymarket Perps ADA-USD | −0.016% | +0.0100% | 1h | $94K | $734K | 10x | as long as short |
| Aster ADAUSDT | −0.010% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.006% | L +0.0534% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Backpack ADA_USDC_PERP | −0.004% | +0.0100% | 1h | $103K | $430K | 15x | as long as short |
| Binance ADAUSDT | 0.000% | +0.0100% | 8h | $101.7M | $366.0M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | 0.000% | +0.0036% | 1h | $470K | $422K | 50x | |
| Kraken Futures PF_ADAUSD | +0.003% | +0.0222% | 1h | $5.9M | $11.3M | 50x | as long as short |
| Derive ADA-PERP | +0.008% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.009% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| SunX ADA-USDT | +0.011% | +0.0100% | 8h | $9K | $807K | 30x | as long as short |
| HTX ADA-USDT | +0.011% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| BingX ADA-USDC | +0.012% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Coinbase International ADA-PERP-INTX | +0.012% | +0.0120% | 1h | $444K | $6.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.012% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.027% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.033% | +0.0100% | 1h | $42.2M | $16.4M | 10x | as long as short |
| Lighter ADA | +0.033% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Phoenix ADA | +0.078% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |