Spread before costs (cost unknown: a leg has no order-book sample)−0.087%
7d average—if it closes, per $10,000$9funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ADA-PERP | 0.2436 | 0.0100 | pay 0.0013% / 1h | 33m 21s | $39K | $3K | 5x |
| Short | OKX ADA-USDT-SWAP | 0.2434 | 0.0100 | get 0.0100% / 8h | 5h 33m | $32.1M | $103.2M | 50x |
Derive ADA-PERP
OKX ADA-USDT-SWAPPrice 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
- −$8.71
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$24.71
- Spread needed to break even
- 0.160%
Slippage unknown: Derive: no order-book sample; OKX: live order book, 2 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 OKX live order book, 2 min ago | 2.06 bp | 7.1 bp −$7 | 12.2 bp −$122 | 45.4 bp −$4,542 | 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.Injective0.2424cheapestApeX Omni0.2431+0.289%Bybit0.2432+0.330%Gate0.2432+0.330%Variational Omni0.2433+0.354%GMX0.2433+0.361%gTrade (Gains Network)0.2433+0.368%MEXC0.2433+0.371%BingX0.2433+0.371%BloFin0.2433+0.371%edgeX0.2433+0.387%Extended0.2433+0.387%Reya0.2434+0.392%Polymarket Perps0.2434+0.404%KuCoin0.2434+0.408%
Injective
ApeX Omni
Bybit
Gate
Variational Omni
GMX
gTrade (Gains Network)
MEXC
BingX
BloFin
Extended
Reya
Polymarket Perps
KuCoinOKX0.2434+0.413%
Bitget0.2434+0.413%Orderly0.2434+0.413%Binance0.2434+0.421%Phoenix0.2434+0.425%Aster0.2435+0.440%Hyperliquid0.2435+0.446%Pacifica0.2435+0.450%dYdX0.2435+0.454%Kalshi0.2435+0.454%Coinbase International0.2435+0.454%SoDEX0.2435+0.474%Phemex0.2436+0.495%
Bitget
Orderly
Binance
Phoenix
Aster
Hyperliquid
Pacifica
dYdX
Coinbase International
SoDEX
PhemexDerive0.2436+0.500%
HTX0.2436+0.505%Lighter0.2436+0.512%Kraken Futures0.2436+0.512%Paradex0.2436+0.514%Backpack0.2437+0.516%Deribit0.2437+0.532%SunX0.2438+0.575%
HTX
Lighter
Kraken Futures
Paradex
Backpack
Deribit
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 |
| ApeX Omni ADAUSDT | −0.210% | +0.0100% | 1h | $229K | $456K | 50x | as long as short |
| Bybit ADAUSDT | −0.169% | +0.0100% | 8h | $70.0M | $99.6M | 75x | as long as short |
| Gate ADA_USDT | −0.169% | +0.0100% | 8h | $95.8M | $55.9M | 75x | as long as short |
| Variational Omni ADA | −0.145% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.138% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.131% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| MEXC ADA_USDT | −0.128% | +0.0100% | 8h | $51.9M | $57.8M | 300x | as long as short |
| BingX ADA-USDT | −0.128% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| BloFin ADA-USDT | −0.128% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX ADAUSDC | −0.113% | +0.0100% | 4h | $64K | $279K | 20x | as long as short |
| Extended ADA-USD | −0.112% | +0.0104% | 1h | $599K | $1.7M | 50x | as long as short |
| Reya ADARUSDPERP | −0.107% | +0.0291% | 1h | $1K | — | 15x | as long as short |
| Polymarket Perps ADA-USD | −0.095% | +0.0100% | 1h | $91K | $727K | 10x | as long as short |
| KuCoin ADAUSDTM | −0.091% | +0.0100% | 8h | $30.1M | $17.6M | 75x | as long as short |
| OKX ADA-USDT-SWAPshort | −0.087% | +0.0100% | 8h | $32.1M | $103.2M | 50x | |
| Bitget ADAUSDT | −0.087% | +0.0100% | 8h | $64.4M | $41.8M | 75x | as long as short |
| Orderly PERP_ADA_USDC | −0.087% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Binance ADAUSDT | −0.078% | +0.0100% | 8h | $101.2M | $342.8M | 75x | as long as short |
| Phoenix ADA | −0.075% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| Aster ADAUSDT | −0.060% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| Hyperliquid ADA | −0.054% | +0.0100% | 1h | $42.5M | $13.7M | 10x | as long as short |
| Pacifica ADA | −0.050% | +0.0100% | 1h | $157K | $148K | 10x | as long as short |
| dYdX ADA-USD | −0.046% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | −0.046% | 0.0000% | 8h | $122K | $5.8M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.046% | +0.0072% | 1h | $472K | $6.8M | 50x | as long as short |
| SoDEX ADA-USD | −0.026% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Phemex ADAUSDT | −0.005% | +0.0100% | 8h | $47.5M | $5.1M | 50x | as long as short |
| Derive ADA-PERPlong | 0.000% | +0.0100% | 1h | $39K | $3K | 5x | |
| HTX ADA-USDT | +0.005% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| Lighter ADA | +0.011% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.012% | +0.0261% | 1h | $6.1M | $10.7M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.014% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Backpack ADA_USDC_PERP | +0.016% | +0.0100% | 1h | $102K | $413K | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.032% | +0.0366% | 1h | $476K | $377K | 50x | as long as short |
| SunX ADA-USDT | +0.075% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |