After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.102%7d average−0.027%fees + slippage, in and out−$35spread needed0.353%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ADA_USDC-PERPETUAL | 0.2440 | 0.0529 | pay 0.0066% / 1h | 22m 07s | $475K | $382K | 50x |
| Short | Phemex ADAUSDT | 0.2438 | 0.0100 | get 0.0100% / 8h | 6h 22m | $47.6M | $5.5M | 50x |
Deribit ADA_USDC-PERPETUAL
Phemex 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
- −$10.24
- Funding while held
- −$12.87
- Slippage, 4 orders
- −$16.33
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$58.44
- Spread needed to break even
- 0.353%
Slippage from Deribit: live order book, 18 min ago; Phemex: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0429%
- Per $10,000 a day
- −$12.87
- 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, 18 min ago | 3.50 bp | 7.0 bp −$7 | 13.2 bp −$132 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.05 bp | 8.1 bp −$8 | 18.1 bp −$181 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestApeX Omni0.2435+0.454%Pacifica0.2437+0.535%edgeX0.2437+0.536%dYdX0.2437+0.544%Phoenix0.2437+0.557%Variational Omni0.2438+0.562%Paradex0.2438+0.571%Gate0.2438+0.578%MEXC0.2438+0.578%Coinbase International0.2438+0.578%
Injective
ApeX Omni
Pacifica
dYdX
Phoenix
Variational Omni
Paradex
Gate
MEXC
Coinbase InternationalPhemex0.2438+0.578%
BloFin0.2438+0.578%Aster0.2439+0.613%Bybit0.2439+0.619%OKX0.2439+0.619%Bitget0.2439+0.619%BingX0.2439+0.619%Extended0.2439+0.621%Reya0.2439+0.622%Backpack0.2439+0.623%SoDEX0.2439+0.627%gTrade (Gains Network)0.2439+0.628%Polymarket Perps0.2440+0.639%Derive0.2440+0.640%GMX0.2440+0.641%KuCoin0.2440+0.648%SunX0.2440+0.659%Binance0.2440+0.660%Kalshi0.2440+0.660%Orderly0.2440+0.660%Kraken Futures0.2440+0.674%Lighter0.2440+0.677%
BloFin
Aster
Bybit
OKX
Bitget
BingX
Extended
Reya
Backpack
SoDEX
gTrade (Gains Network)
Polymarket Perps
Derive
GMX
KuCoin
SunX
Binance
Orderly
Kraken Futures
LighterDeribit0.2440+0.681%
HTX0.2441+0.683%Hyperliquid0.2441+0.710%
HTX
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 | −0.676% | +0.0033% | 1h | $832 | $103K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.225% | +0.0100% | 1h | $228K | $453K | 50x | as long as short |
| Pacifica ADA | −0.145% | +0.0100% | 1h | $157K | $156K | 10x | as long as short |
| edgeX ADAUSDC | −0.143% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| dYdX ADA-USD | −0.135% | +0.0064% | 1h | $202K | $2K | 10x | as long as short |
| Phoenix ADA | −0.123% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
| Variational Omni ADA | −0.117% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Paradex ADA-USD-PERP | −0.109% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Gate ADA_USDT | −0.102% | +0.0100% | 8h | $94.8M | $54.9M | 75x | as long as short |
| MEXC ADA_USDT | −0.102% | +0.0100% | 8h | $52.9M | $60.3M | 300x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International ADA-PERP-INTX | −0.102% | +0.0080% | 1h | $480K | $6.8M | 50x | as long as short |
| Phemex ADAUSDTshort | −0.102% | +0.0100% | 8h | $47.6M | $5.5M | 50x | |
| BloFin ADA-USDT | −0.102% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| Aster ADAUSDT | −0.067% | +0.0100% | 8h | $1.1M | $1.1M | 75x | as long as short |
| Bybit ADAUSDT | −0.061% | +0.0100% | 8h | $71.3M | $98.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.061% | +0.0100% | 8h | $32.3M | $102.2M | 50x | as long as short |
| Bitget ADAUSDT | −0.061% | +0.0100% | 8h | $64.4M | $41.7M | 75x | as long as short |
| BingX ADA-USDT | −0.061% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| Extended ADA-USD | −0.059% | +0.0104% | 1h | $609K | $1.7M | 50x | as long as short |
| Reya ADARUSDPERP | −0.058% | +0.0292% | 1h | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | −0.057% | +0.0100% | 1h | $101K | $408K | 15x | as long as short |
| SoDEX ADA-USD | −0.053% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.052% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Polymarket Perps ADA-USD | −0.041% | +0.0100% | 1h | $92K | $727K | 10x | as long as short |
| Derive ADA-PERP | −0.040% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.039% | L +0.0521% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| KuCoin ADAUSDTM | −0.033% | +0.0100% | 8h | $30.1M | $17.6M | 75x | as long as short |
| SunX ADA-USDT | −0.021% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| Binance ADAUSDT | −0.020% | +0.0100% | 8h | $101.5M | $339.8M | 75x | as long as short |
| Kalshi KXADAPERP | −0.020% | 0.0000% | 8h | $145K | $5.8M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | −0.020% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Kraken Futures PF_ADAUSD | −0.007% | +0.0353% | 1h | $6.1M | $10.6M | 50x | as long as short |
| Lighter ADA | −0.004% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | 0.000% | +0.0529% | 1h | $475K | $382K | 50x | |
| HTX ADA-USDT | +0.002% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| Hyperliquid ADA | +0.029% | +0.0100% | 1h | $43.1M | $13.6M | 10x | as long as short |