Spread before costs (cost unknown: a leg has no order-book sample)+0.063%
7d average—if it closes, per $10,000$6funding while held, a day+$1.97
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ADA-PERP | 0.2437 | 0.0100 | pay 0.0013% / 1h | 58m 15s | $39K | $3K | 5x |
| Short | Phoenix ADA | 0.2438 | 0.0166 | get 0.0021% / 1h | 58m 15s | $4K | $87K | 10x |
Derive ADA-PERP
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
- $6.3
- Funding while held
- $1.97
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$4.73
- Spread needed to break even
- 0.130%
Slippage unknown: Derive: no order-book sample; Phoenix: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0066%
- Per $10,000 a day
- +$1.97
- 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 Phoenix no order-book sample | — | — | — | — | — |
Derive and Phoenix: 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.Gate0.2433cheapestBybit0.2434+0.041%Reya0.2434+0.060%GMX0.2434+0.062%Aster0.2435+0.067%gTrade (Gains Network)0.2435+0.081%MEXC0.2435+0.082%Bitget0.2435+0.082%BingX0.2435+0.082%Orderly0.2435+0.082%Extended0.2435+0.100%SoDEX0.2435+0.103%Backpack0.2436+0.107%Polymarket Perps0.2436+0.111%Hyperliquid0.2436+0.115%KuCoin0.2436+0.115%OKX0.2436+0.123%Phemex0.2436+0.123%BloFin0.2436+0.123%Binance0.2436+0.127%Kraken Futures0.2436+0.130%Deribit0.2437+0.144%
Gate
Bybit
Reya
GMX
Aster
gTrade (Gains Network)
MEXC
Bitget
BingX
Orderly
Extended
SoDEX
Backpack
Polymarket Perps
Hyperliquid
KuCoin
OKX
Phemex
BloFin
Binance
Kraken Futures
DeribitDerive0.2437+0.147%
HTX0.2437+0.150%Lighter0.2437+0.156%dYdX0.2437+0.160%Kalshi0.2437+0.164%Pacifica0.2437+0.173%Paradex0.2438+0.203%SunX0.2438+0.205%
HTX
Lighter
dYdX
Pacifica
Paradex
SunXPhoenix0.2438+0.210%
Variational Omni0.2439+0.229%Coinbase International0.2439+0.247%edgeX0.2439+0.259%ApeX Omni0.2441+0.329%Injective0.2441+0.329%
Variational Omni
Coinbase International
ApeX Omni
InjectiveADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | −0.146% | +0.0100% | 8h | $95.9M | $55.7M | 75x | as long as short |
| Bybit ADAUSDT | −0.105% | +0.0100% | 8h | $70.4M | $99.1M | 75x | as long as short |
| Reya ADARUSDPERP | −0.086% | +0.0290% | 1h | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.085% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Aster ADAUSDT | −0.080% | +0.0100% | 8h | $1.1M | $999K | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.065% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| MEXC ADA_USDT | −0.064% | +0.0100% | 8h | $52.5M | $56.1M | 300x | as long as short |
| Bitget ADAUSDT | −0.064% | +0.0100% | 8h | $64.4M | $41.6M | 75x | as long as short |
| BingX ADA-USDT | −0.064% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.064% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ADA-USD | −0.047% | +0.0104% | 1h | $589K | $1.8M | 50x | as long as short |
| SoDEX ADA-USD | −0.044% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Backpack ADA_USDC_PERP | −0.040% | +0.0100% | 1h | $101K | $414K | 15x | as long as short |
| Polymarket Perps ADA-USD | −0.036% | +0.0100% | 1h | $92K | $730K | 10x | as long as short |
| Hyperliquid ADA | −0.031% | +0.0100% | 1h | $42.5M | $13.7M | 10x | as long as short |
| KuCoin ADAUSDTM | −0.031% | +0.0100% | 8h | $30.3M | $17.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.023% | +0.0100% | 8h | $32.3M | $103.1M | 50x | as long as short |
| Phemex ADAUSDT | −0.023% | +0.0100% | 8h | $47.4M | $5.1M | 50x | as long as short |
| BloFin ADA-USDT | −0.023% | +0.0220% | 8h | $4.5M | $4.9M | 75x | as long as short |
| Binance ADAUSDT | −0.019% | +0.0100% | 8h | $101.1M | $343.1M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | −0.017% | +0.0426% | 1h | $6.1M | $10.8M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.003% | +0.0366% | 1h | $476K | $371K | 50x | as long as short |
| Derive ADA-PERPlong | 0.000% | +0.0100% | 1h | $39K | $3K | 5x | |
| HTX ADA-USDT | +0.004% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Lighter ADA | +0.010% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| dYdX ADA-USD | +0.014% | 0.0000% | 1h | $200K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | +0.018% | 0.0000% | 8h | $123K | $5.8M | 3.2x | as long as short |
| Pacifica ADA | +0.026% | +0.0100% | 1h | $155K | $149K | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.057% | +0.0102% | 8h | $20K | $250 | 20x | as long as short |
| SunX ADA-USDT | +0.058% | +0.0100% | 8h | $9K | $751K | 30x | as long as short |
| Phoenix ADAshort | +0.063% | +0.0166% | 1h | $4K | $87K | 10x | |
| Variational Omni ADA | +0.082% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Coinbase International ADA-PERP-INTX | +0.100% | +0.0064% | 1h | $467K | $6.8M | 50x | as long as short |
| edgeX ADAUSDC | +0.113% | +0.0100% | 4h | $65K | $280K | 20x | as long as short |
| ApeX Omni ADAUSDT | +0.182% | +0.0100% | 1h | $230K | $457K | 50x | as long as short |
| Injective ADA/USDC PERP | +0.182% | −0.0071% | 1h | $838 | $97K | 12x | as long as short |