After costs, if the gap returns to its 7d average, $10k−$30
spread now+0.107%7d average+0.003%fees + slippage, in and out−$41spread needed0.406%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Deribit ADA_USDC-PERPETUAL | 0.2435 | 0.0490 | pay 0.0061% / 1h | 24m 44s | $467K | $408K | 50x |
| Short | Phoenix ADA | 0.2438 | 0.0131 | get 0.0016% / 1h | 24m 44s | $4K | $103K | 10x |
Deribit ADA_USDC-PERPETUAL
Phoenix ADAPrice 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
- $10.68
- Funding while held
- −$10.78
- Slippage, 4 orders
- −$26.55
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$40.65
- Spread needed to break even
- 0.406%
Slippage from Deribit: live order book, 21 min ago; Phoenix: live order book, 8 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0359%
- Per $10,000 a day
- −$10.78
- 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, 21 min ago | 3.27 bp | 7.2 bp −$7 | 14.5 bp −$145 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 8 min ago | 0.82 bp | 13.1 bp −$13 | 44.7 bp −$447 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestMEXC0.2429+0.206%Extended0.2430+0.230%Aster0.2430+0.232%KuCoin0.2430+0.239%Bybit0.2430+0.248%Gate0.2430+0.248%Bitget0.2430+0.248%BingX0.2430+0.248%Backpack0.2430+0.248%OKX0.2431+0.289%Binance0.2431+0.294%Hyperliquid0.2432+0.330%Phemex0.2432+0.330%Variational Omni0.2433+0.352%Lighter0.2433+0.388%HTX0.2434+0.398%GMX0.2434+0.402%Reya0.2434+0.412%Kalshi0.2434+0.413%Coinbase International0.2434+0.413%BloFin0.2434+0.413%gTrade (Gains Network)0.2434+0.416%Polymarket Perps0.2434+0.417%SoDEX0.2434+0.417%Kraken Futures0.2435+0.434%Derive0.2435+0.439%Orderly0.2435+0.454%
Injective
MEXC
Extended
Aster
KuCoin
Bybit
Gate
Bitget
BingX
Backpack
OKX
Binance
Hyperliquid
Phemex
Variational Omni
Lighter
HTX
GMX
Reya
Coinbase International
BloFin
gTrade (Gains Network)
Polymarket Perps
SoDEX
Kraken Futures
Derive
OrderlyDeribit0.2435+0.454%
dYdX0.2435+0.455%Pacifica0.2435+0.471%Paradex0.2436+0.485%SunX0.2436+0.493%ApeX Omni0.2437+0.536%
dYdX
Pacifica
Paradex
SunX
ApeX OmniPhoenix0.2438+0.561%
edgeX0.2440+0.656%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 | −0.452% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| MEXC ADA_USDT | −0.246% | +0.0100% | 8h | $51.5M | $63.4M | 300x | as long as short |
| Extended ADA-USD | −0.223% | +0.0104% | 1h | $600K | $1.7M | 50x | as long as short |
| Aster ADAUSDT | −0.221% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| KuCoin ADAUSDTM | −0.214% | +0.0100% | 8h | $30.0M | $20.2M | 75x | as long as short |
| Bybit ADAUSDT | −0.205% | +0.0100% | 8h | $70.9M | $109.4M | 75x | as long as short |
| Gate ADA_USDT | −0.205% | +0.0100% | 8h | $94.6M | $56.8M | 75x | as long as short |
| Bitget ADAUSDT | −0.205% | +0.0100% | 8h | $64.4M | $46.3M | 75x | as long as short |
| BingX ADA-USDT | −0.205% | +0.0100% | 8h | — | $18.3M | — | as long as short |
| Backpack ADA_USDC_PERP | −0.205% | +0.0100% | 1h | $102K | $426K | 15x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | −0.164% | +0.0100% | 8h | $32.2M | $108.2M | 50x | as long as short |
| Binance ADAUSDT | −0.159% | +0.0100% | 8h | $101.3M | $365.4M | 75x | as long as short |
| Hyperliquid ADA | −0.123% | +0.0101% | 1h | $42.5M | $14.8M | 10x | as long as short |
| Phemex ADAUSDT | −0.123% | +0.0100% | 8h | $47.4M | $5.9M | 50x | as long as short |
| Variational Omni ADA | −0.101% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Lighter ADA | −0.066% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| HTX ADA-USDT | −0.056% | +0.0100% | 8h | $1.3M | $5.1M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.051% | L +0.0521% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Reya ADARUSDPERP | −0.041% | +0.0293% | 1h | $1K | — | 15x | as long as short |
| Kalshi KXADAPERP | −0.041% | 0.0000% | 8h | $83K | $5.8M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.041% | +0.0112% | 1h | $487K | $7.1M | 50x | as long as short |
| BloFin ADA-USDT | −0.041% | +0.0220% | 8h | $4.4M | $6.2M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.037% | L +0.0005% / S −0.0003% | 1h | $85K | — | 150x | as long as short |
| Polymarket Perps ADA-USD | −0.037% | +0.0100% | 1h | $93K | $738K | 10x | as long as short |
| SoDEX ADA-USD | −0.037% | +0.0100% | 1h | $713 | $13K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | −0.020% | +0.0141% | 1h | $6.0M | $11.4M | 50x | as long as short |
| Derive ADA-PERP | −0.014% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Orderly PERP_ADA_USDC | 0.000% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Deribit ADA_USDC-PERPETUALlong | 0.000% | +0.0490% | 1h | $467K | $408K | 50x | |
| dYdX ADA-USD | +0.001% | 0.0000% | 1h | $201K | $2K | 10x | as long as short |
| Pacifica ADA | +0.017% | +0.0100% | 1h | $158K | $177K | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.031% | +0.0101% | 8h | $20K | $250 | 20x | as long as short |
| SunX ADA-USDT | +0.039% | +0.0100% | 8h | $9K | $799K | 30x | as long as short |
| ApeX Omni ADAUSDT | +0.082% | +0.0100% | 1h | $227K | $452K | 50x | as long as short |
| Phoenix ADAshort | +0.107% | +0.0131% | 1h | $4K | $103K | 10x | |
| edgeX ADAUSDC | +0.201% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |