Spread before costs (cost unknown: a leg has no order-book sample)+0.214%
7d average—if it closes, per $10,000$21funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ADA-PERP | 0.2431 | 0.0100 | pay 0.0013% / 1h | 22m 10s | $39K | $3K | 5x |
| Short | edgeX ADAUSDC | 0.2436 | 0.0100 | get 0.0050% / 4h | 3h 22m | $65K | $277K | 20x |
Derive ADA-PERPPrice 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
- $21.38
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- $6.38
- Spread needed to break even
- 0.150%
Slippage unknown: Derive: no order-book sample; edgeX: live order book, 22 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 edgeX live order book, 22 min ago | 6.10 bp | 10.6 bp −$11 | 29.2 bp −$292 | doesn't fit | doesn't fit |
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.Injective0.2424cheapestGate0.2428+0.165%Bybit0.2429+0.206%MEXC0.2429+0.206%Polymarket Perps0.2429+0.223%Reya0.2430+0.227%GMX0.2430+0.233%KuCoin0.2430+0.243%OKX0.2430+0.248%Bitget0.2430+0.248%BingX0.2430+0.248%Orderly0.2430+0.248%BloFin0.2430+0.248%gTrade (Gains Network)0.2430+0.251%Aster0.2430+0.252%Binance0.2430+0.267%SoDEX0.2430+0.268%Extended0.2431+0.273%
Injective
Gate
Bybit
MEXC
Polymarket Perps
Reya
GMX
KuCoin
OKX
Bitget
BingX
Orderly
BloFin
gTrade (Gains Network)
Aster
Binance
SoDEX
ExtendedDerive0.2431+0.277%
Backpack0.2431+0.285%dYdX0.2431+0.288%Lighter0.2431+0.289%Kalshi0.2431+0.289%Coinbase International0.2431+0.289%Phemex0.2431+0.289%Pacifica0.2431+0.290%Hyperliquid0.2431+0.293%Deribit0.2431+0.297%HTX0.2432+0.321%Kraken Futures0.2432+0.323%SunX0.2432+0.328%Variational Omni0.2433+0.352%Paradex0.2433+0.378%ApeX Omni0.2434+0.413%Phoenix0.2438+0.561%
Backpack
dYdX
Lighter
Coinbase International
Phemex
Pacifica
Hyperliquid
Deribit
HTX
Kraken Futures
SunX
Variational Omni
Paradex
ApeX Omni
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 | −0.276% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Gate ADA_USDT | −0.111% | +0.0100% | 8h | $94.5M | $56.9M | 75x | as long as short |
| Bybit ADAUSDT | −0.070% | +0.0100% | 8h | $71.0M | $108.8M | 75x | as long as short |
| MEXC ADA_USDT | −0.070% | +0.0100% | 8h | $51.2M | $63.5M | 300x | as long as short |
| Polymarket Perps ADA-USD | −0.054% | +0.0100% | 1h | $92K | $739K | 10x | as long as short |
| Reya ADARUSDPERP | −0.049% | +0.0293% | 1h | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.044% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| KuCoin ADAUSDTM | −0.033% | +0.0100% | 8h | $30.0M | $20.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.029% | +0.0100% | 8h | $32.3M | $107.6M | 50x | as long as short |
| Bitget ADAUSDT | −0.029% | +0.0100% | 8h | $64.5M | $46.0M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ADA-USDT | −0.029% | +0.0100% | 8h | — | $18.2M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.029% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| BloFin ADA-USDT | −0.029% | +0.0220% | 8h | $4.4M | $6.2M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.025% | L +0.0005% / S −0.0003% | 1h | $85K | — | 150x | as long as short |
| Aster ADAUSDT | −0.025% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Binance ADAUSDT | −0.009% | +0.0100% | 8h | $101.3M | $362.0M | 75x | as long as short |
| SoDEX ADA-USD | −0.009% | +0.0100% | 1h | $334 | $13K | 10x | as long as short |
| Extended ADA-USD | −0.004% | +0.0104% | 1h | $600K | $1.7M | 50x | as long as short |
| Derive ADA-PERPlong | 0.000% | +0.0100% | 1h | $39K | $3K | 5x | |
| Backpack ADA_USDC_PERP | +0.008% | +0.0100% | 1h | $102K | $421K | 15x | as long as short |
| dYdX ADA-USD | +0.012% | 0.0000% | 1h | $201K | $2K | 10x | as long as short |
| Lighter ADA | +0.012% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| Kalshi KXADAPERP | +0.012% | 0.0000% | 8h | $83K | $5.8M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.012% | +0.0112% | 1h | $486K | $7.0M | 50x | as long as short |
| Phemex ADAUSDT | +0.012% | +0.0100% | 8h | $47.4M | $5.9M | 50x | as long as short |
| Pacifica ADA | +0.013% | +0.0100% | 1h | $158K | $177K | 10x | as long as short |
| Hyperliquid ADA | +0.016% | +0.0100% | 1h | $42.5M | $14.8M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.020% | +0.0491% | 1h | $466K | $402K | 50x | as long as short |
| HTX ADA-USDT | +0.044% | +0.0100% | 8h | $1.3M | $5.0M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.046% | +0.0141% | 1h | $6.0M | $11.4M | 50x | as long as short |
| SunX ADA-USDT | +0.051% | +0.0100% | 8h | $9K | $793K | 30x | as long as short |
| Variational Omni ADA | +0.075% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Paradex ADA-USD-PERP | +0.101% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| ApeX Omni ADAUSDT | +0.135% | +0.0100% | 1h | $227K | $452K | 50x | as long as short |
| edgeX ADAUSDCshort | +0.214% | +0.0100% | 4h | $65K | $277K | 20x | |
| Phoenix ADA | +0.283% | +0.0131% | 1h | $4K | $103K | 10x | as long as short |