Spread before costs (cost unknown: a leg has no order-book sample)+0.144%
7d average−0.357%if it closes, per $10,000$14funding while held, a day−$5.14
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | edgeX ADAUSDC | 0.2437 | 0.0100 | pay 0.0050% / 4h | 54m 16s | $65K | $277K | 20x |
| Short | Injective ADA/USDC PERP | 0.2441 | −0.0071 | pay 0.0009% / 1h | 54m 16s | $838 | $97K | 12x |
Injective ADA/USDC 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
- $14.39
- Funding while held
- −$5.14
- Slippage, 4 orders
- no order book: not counted
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $0.22
- Spread needed to break even
- 0.090%
Slippage unknown: edgeX: live order book, 40 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0171%
- Per $10,000 a day
- −$5.14
- 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 edgeX live order book, 40 min ago | 6.16 bp | 10.9 bp −$11 | 30.0 bp −$300 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Bybit0.2428cheapestGate0.2428cheapestKalshi0.2428cheapestCoinbase International0.2428cheapestdYdX0.2428+0.002%Extended0.2428+0.017%SoDEX0.2429+0.021%Aster0.2429+0.039%Kraken Futures0.2429+0.040%gTrade (Gains Network)0.2429+0.040%Pacifica0.2429+0.041%Binance0.2429+0.041%OKX0.2429+0.041%MEXC0.2429+0.041%Bitget0.2429+0.041%BingX0.2429+0.041%Orderly0.2429+0.041%Phemex0.2429+0.041%BloFin0.2429+0.041%Backpack0.2429+0.049%GMX0.2429+0.054%Reya0.2429+0.060%KuCoin0.2429+0.062%Polymarket Perps0.2429+0.062%Variational Omni0.2430+0.063%Derive0.2430+0.065%Hyperliquid0.2430+0.070%Paradex0.2430+0.079%SunX0.2430+0.083%Deribit0.2430+0.091%HTX0.2430+0.103%Lighter0.2431+0.107%Phoenix0.2431+0.119%ApeX Omni0.2431+0.124%
Bybit
Gate
Coinbase International
dYdX
Extended
SoDEX
Aster
Kraken Futures
gTrade (Gains Network)
Pacifica
Binance
OKX
MEXC
Bitget
BingX
Orderly
Phemex
BloFin
Backpack
GMX
Reya
KuCoin
Polymarket Perps
Variational Omni
Derive
Hyperliquid
Paradex
SunX
Deribit
HTX
Lighter
Phoenix
ApeX OmniInjective0.2441+0.535%
ADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | −0.389% | +0.0100% | 8h | $70.2M | $99.5M | 75x | as long as short |
| Gate ADA_USDT | −0.389% | +0.0100% | 8h | $95.6M | $55.7M | 75x | as long as short |
| Kalshi KXADAPERP | −0.389% | 0.0000% | 8h | $113K | $5.8M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.389% | +0.0064% | 1h | $468K | $6.8M | 50x | as long as short |
| dYdX ADA-USD | −0.387% | 0.0000% | 1h | $200K | $4K | 10x | as long as short |
| Extended ADA-USD | −0.373% | +0.0104% | 1h | $589K | $1.7M | 50x | as long as short |
| SoDEX ADA-USD | −0.369% | +0.0100% | 1h | $334 | $13K | 10x | as long as short |
| Aster ADAUSDT | −0.350% | +0.0100% | 8h | $1.1M | $999K | 75x | as long as short |
| Kraken Futures PF_ADAUSD | −0.350% | +0.0427% | 1h | $6.1M | $10.9M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.350% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica ADA | −0.348% | +0.0100% | 1h | $155K | $149K | 10x | as long as short |
| Binance ADAUSDT | −0.348% | +0.0100% | 8h | $100.9M | $343.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.348% | +0.0100% | 8h | $32.2M | $102.8M | 50x | as long as short |
| MEXC ADA_USDT | −0.348% | +0.0100% | 8h | $52.4M | $56.2M | 300x | as long as short |
| Bitget ADAUSDT | −0.348% | +0.0100% | 8h | $64.2M | $41.8M | 75x | as long as short |
| BingX ADA-USDC | −0.348% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.348% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.348% | +0.0100% | 8h | $47.3M | $5.2M | 50x | as long as short |
| BloFin ADA-USDT | −0.348% | +0.0220% | 8h | $4.4M | $4.9M | 75x | as long as short |
| Backpack ADA_USDC_PERP | −0.340% | +0.0100% | 1h | $103K | $417K | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.336% | L +0.0519% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Reya ADARUSDPERP | −0.330% | +0.0290% | 1h | $1K | — | 15x | as long as short |
| KuCoin ADAUSDTM | −0.328% | +0.0100% | 8h | $30.2M | $17.6M | 75x | as long as short |
| Polymarket Perps ADA-USD | −0.328% | +0.0100% | 1h | $92K | $729K | 10x | as long as short |
| Variational Omni ADA | −0.326% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Derive ADA-PERP | −0.325% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Hyperliquid ADA | −0.320% | +0.0100% | 1h | $42.4M | $13.7M | 10x | as long as short |
| Paradex ADA-USD-PERP | −0.311% | +0.0101% | 8h | $20K | $250 | 20x | as long as short |
| SunX ADA-USDT | −0.307% | +0.0100% | 8h | $9K | $751K | 30x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.299% | +0.0326% | 1h | $475K | $370K | 50x | as long as short |
| HTX ADA-USDT | −0.287% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Lighter ADA | −0.283% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Phoenix ADA | −0.270% | +0.0197% | 1h | $4K | $87K | 10x | as long as short |
| ApeX Omni ADAUSDT | −0.266% | +0.0100% | 1h | $229K | $458K | 50x | as long as short |
| edgeX ADAUSDClong | 0.000% | +0.0100% | 4h | $65K | $277K | 20x | |
| Injective ADA/USDC PERPshort | +0.144% | −0.0071% | 1h | $838 | $97K | 12x |