Spread before costs (cost unknown: a leg has no order-book sample)−0.012%
7d average—if it closes, per $10,000$1funding while held, a day−$8.01
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ADA_USDC-PERPETUAL | 0.2432 | 0.0367 | pay 0.0046% / 1h | 32m 57s | $474K | $386K | 50x |
| Short | Orderly PERP_ADA_USDC | 0.2432 | 0.0100 | get 0.0100% / 8h | 6h 32m | $6K | $36K | 20x |
Deribit ADA_USDC-PERPETUAL
Orderly PERP_ADA_USDCPrice 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
- −$1.23
- Funding while held
- −$8.01
- Slippage, 4 orders
- no order book: not counted
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Orderly: 3 bp × 2 orders
- −$6
- Net
- −$22.24
- Spread needed to break even
- 0.130%
Slippage unknown: Deribit: live order book, 7 min ago; Orderly: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0267%
- Per $10,000 a day
- −$8.01
- 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, 7 min ago | 3.50 bp | 7.0 bp −$7 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Orderly no order-book sample | — | — | — | — | — |
Orderly: 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.Injective0.2424cheapestVariational Omni0.2429+0.193%MEXC0.2429+0.206%Phoenix0.2430+0.243%Gate0.2430+0.248%Extended0.2430+0.267%GMX0.2431+0.282%KuCoin0.2431+0.285%Bybit0.2431+0.289%Bitget0.2431+0.289%BingX0.2431+0.289%gTrade (Gains Network)0.2431+0.301%SoDEX0.2431+0.305%Reya0.2432+0.310%Derive0.2432+0.315%SunX0.2432+0.329%OKX0.2432+0.330%
Injective
Variational Omni
MEXC
Phoenix
Gate
Extended
GMX
KuCoin
Bybit
Bitget
BingX
gTrade (Gains Network)
SoDEX
Reya
Derive
SunX
OKXOrderly0.2432+0.330%
Coinbase International0.2432+0.330%Phemex0.2432+0.330%Kraken Futures0.2432+0.332%edgeX0.2432+0.333%dYdX0.2432+0.333%Polymarket Perps0.2432+0.334%Pacifica0.2432+0.335%Aster0.2432+0.335%
Coinbase International
Phemex
Kraken Futures
dYdX
Polymarket Perps
Pacifica
AsterDeribit0.2432+0.342%
HTX0.2432+0.344%Binance0.2432+0.345%Lighter0.2432+0.347%Backpack0.2432+0.347%Paradex0.2433+0.351%Hyperliquid0.2433+0.363%BloFin0.2433+0.371%Kalshi0.2434+0.413%ApeX Omni0.2436+0.495%
HTX
Binance
Lighter
Backpack
Paradex
Hyperliquid
BloFin
ApeX OmniADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.341% | +0.0033% | 1h | $832 | $103K | 12x | as long as short |
| Variational Omni ADA | −0.149% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| MEXC ADA_USDT | −0.136% | +0.0100% | 8h | $51.7M | $59.7M | 300x | as long as short |
| Phoenix ADA | −0.099% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
| Gate ADA_USDT | −0.095% | +0.0100% | 8h | $94.4M | $54.7M | 75x | as long as short |
| Extended ADA-USD | −0.075% | +0.0104% | 1h | $609K | $1.7M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.060% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| KuCoin ADAUSDTM | −0.058% | +0.0100% | 8h | $29.9M | $17.8M | 75x | as long as short |
| Bybit ADAUSDT | −0.053% | +0.0100% | 8h | $71.0M | $100.6M | 75x | as long as short |
| Bitget ADAUSDT | −0.053% | +0.0100% | 8h | $64.2M | $43.4M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ADA-USDC | −0.053% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| gTrade (Gains Network) ADA/USD | −0.041% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| SoDEX ADA-USD | −0.037% | +0.0100% | 1h | $334 | $13K | 10x | as long as short |
| Reya ADARUSDPERP | −0.032% | +0.0292% | 1h | $1K | — | 15x | as long as short |
| Derive ADA-PERP | −0.027% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| SunX ADA-USDT | −0.014% | +0.0100% | 8h | $9K | $756K | 30x | as long as short |
| OKX ADA-USDT-SWAP | −0.012% | +0.0100% | 8h | $32.2M | $102.7M | 50x | as long as short |
| Orderly PERP_ADA_USDCshort | −0.012% | +0.0100% | 8h | $6K | $36K | 20x | |
| Coinbase International ADA-PERP-INTX | −0.012% | +0.0080% | 1h | $474K | $6.8M | 50x | as long as short |
| Phemex ADAUSDT | −0.012% | +0.0100% | 8h | $47.4M | $5.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | −0.010% | +0.0354% | 1h | $6.1M | $10.8M | 50x | as long as short |
| edgeX ADAUSDC | −0.010% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| dYdX ADA-USD | −0.010% | +0.0091% | 1h | $201K | $2K | 10x | as long as short |
| Polymarket Perps ADA-USD | −0.008% | +0.0100% | 1h | $92K | $730K | 10x | as long as short |
| Pacifica ADA | −0.007% | +0.0100% | 1h | $156K | $162K | 10x | as long as short |
| Aster ADAUSDT | −0.007% | +0.0100% | 8h | $1.1M | $1.1M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | 0.000% | +0.0367% | 1h | $474K | $386K | 50x | |
| HTX ADA-USDT | +0.002% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Binance ADAUSDT | +0.003% | +0.0100% | 8h | $101.2M | $342.4M | 75x | as long as short |
| Lighter ADA | +0.004% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.004% | +0.0100% | 1h | $103K | $413K | 15x | as long as short |
| Paradex ADA-USD-PERP | +0.008% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.021% | +0.0100% | 1h | $42.5M | $13.5M | 10x | as long as short |
| BloFin ADA-USDT | +0.029% | +0.0220% | 8h | $4.4M | $5.6M | 75x | as long as short |
| Kalshi KXADAPERP | +0.070% | 0.0000% | 8h | $133K | $5.8M | 3.2x | as long as short |
| ApeX Omni ADAUSDT | +0.152% | +0.0100% | 1h | $228K | $453K | 50x | as long as short |