Spread before costs (cost unknown: a leg has no order-book sample)−0.046%
7d average—if it closes, per $10,000$5funding while held, a day−$3.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ADA-PERP | 0.2436 | 0.0100 | pay 0.0013% / 1h | 34m 26s | $39K | $3K | 5x |
| Short | dYdX ADA-USD | 0.2435 | 0 | get 0.0000% / 1h | 34m 26s | $202K | $2K | 10x |
Derive ADA-PERP
dYdX ADA-USDPrice 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
- −$4.6
- Funding while held
- −$3
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee dYdX: 5 bp × 2 orders
- −$10
- Net
- −$23.6
- Spread needed to break even
- 0.160%
Slippage unknown: Derive: no order-book sample; dYdX: live order book, 1 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0100%
- Per $10,000 a day
- −$3.00
- 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 Derive no order-book sample | — | — | — | — | — |
| Sell dYdX live order book, 1 min ago | 75.99 bp | 134.3 bp −$134 | 158.9 bp −$1,589 | 162.7 bp −$16.3K | 167.7 bp −$83.8K |
Derive: 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.Injective0.2424cheapestKalshi0.2432+0.330%Phemex0.2432+0.330%Variational Omni0.2433+0.354%Coinbase International0.2433+0.371%BloFin0.2433+0.371%Backpack0.2433+0.380%HTX0.2434+0.395%Gate0.2434+0.413%ApeX Omni0.2434+0.413%Phoenix0.2434+0.425%Extended0.2434+0.429%Aster0.2435+0.448%
Injective
Phemex
Variational Omni
Coinbase International
BloFin
Backpack
HTX
Gate
ApeX Omni
Phoenix
Extended
AsterdYdX0.2435+0.454%
Bybit0.2435+0.454%OKX0.2435+0.454%Bitget0.2435+0.454%GMX0.2435+0.473%SoDEX0.2435+0.474%Pacifica0.2436+0.482%Binance0.2436+0.488%gTrade (Gains Network)0.2436+0.492%edgeX0.2436+0.495%BingX0.2436+0.495%Orderly0.2436+0.495%
Bybit
OKX
Bitget
GMX
SoDEX
Pacifica
Binance
gTrade (Gains Network)
BingX
OrderlyDerive0.2436+0.500%
Paradex0.2436+0.503%KuCoin0.2436+0.507%Polymarket Perps0.2436+0.512%Kraken Futures0.2436+0.512%Lighter0.2437+0.524%Deribit0.2437+0.532%MEXC0.2437+0.536%Hyperliquid0.2437+0.557%Reya0.2438+0.557%SunX0.2438+0.575%
Paradex
KuCoin
Polymarket Perps
Kraken Futures
Lighter
Deribit
MEXC
Hyperliquid
Reya
SunXADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.498% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| Kalshi KXADAPERP | −0.169% | 0.0000% | 8h | $122K | $5.8M | 3.2x | as long as short |
| Phemex ADAUSDT | −0.169% | +0.0100% | 8h | $47.4M | $5.1M | 50x | as long as short |
| Variational Omni ADA | −0.145% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Coinbase International ADA-PERP-INTX | −0.128% | +0.0072% | 1h | $472K | $6.8M | 50x | as long as short |
| BloFin ADA-USDT | −0.128% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| Backpack ADA_USDC_PERP | −0.120% | +0.0100% | 1h | $102K | $413K | 15x | as long as short |
| HTX ADA-USDT | −0.104% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| Gate ADA_USDT | −0.087% | +0.0100% | 8h | $95.9M | $55.9M | 75x | as long as short |
| ApeX Omni ADAUSDT | −0.087% | +0.0100% | 1h | $228K | $455K | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phoenix ADA | −0.075% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| Extended ADA-USD | −0.071% | +0.0104% | 1h | $599K | $1.7M | 50x | as long as short |
| Aster ADAUSDT | −0.052% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| dYdX ADA-USDshort | −0.046% | 0.0000% | 1h | $202K | $2K | 10x | |
| Bybit ADAUSDT | −0.046% | +0.0100% | 8h | $70.1M | $99.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.046% | +0.0100% | 8h | $32.1M | $103.3M | 50x | as long as short |
| Bitget ADAUSDT | −0.046% | +0.0100% | 8h | $64.4M | $41.8M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.027% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| SoDEX ADA-USD | −0.026% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Pacifica ADA | −0.018% | +0.0100% | 1h | $157K | $148K | 10x | as long as short |
| Binance ADAUSDT | −0.012% | +0.0100% | 8h | $101.3M | $342.9M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.008% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| edgeX ADAUSDC | −0.005% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| BingX ADA-USDC | −0.005% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.005% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Derive ADA-PERPlong | 0.000% | +0.0100% | 1h | $39K | $3K | 5x | |
| Paradex ADA-USD-PERP | +0.003% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| KuCoin ADAUSDTM | +0.007% | +0.0100% | 8h | $30.1M | $17.6M | 75x | as long as short |
| Polymarket Perps ADA-USD | +0.011% | +0.0100% | 1h | $91K | $727K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.012% | +0.0261% | 1h | $6.1M | $10.7M | 50x | as long as short |
| Lighter ADA | +0.024% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.032% | +0.0366% | 1h | $476K | $377K | 50x | as long as short |
| MEXC ADA_USDT | +0.036% | +0.0100% | 8h | $52.0M | $57.8M | 300x | as long as short |
| Hyperliquid ADA | +0.057% | +0.0100% | 1h | $42.5M | $13.7M | 10x | as long as short |
| Reya ADARUSDPERP | +0.057% | +0.0291% | 1h | $1K | — | 15x | as long as short |
| SunX ADA-USDT | +0.075% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |