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Price arb /

ADA

all ADA markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.105%
7d average—if it closes, per $10,000$11funding while held, a day+$2.86
Long on gTrade (Gains Network)Short on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ADA/USD0.2436L +0.0005% / S −0.0003%pay 0.0001% / 1h25m 30s$85K—150x
ShortBackpack ADA_USDC_PERP0.24390.0100get 0.0013% / 1h25m 30s$103K$429K15x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
$10.51
Funding while held
$2.86
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$6.63
Spread needed to break even
0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; Backpack: live order book, 20 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0095%
Per $10,000 a day
+$2.86
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy gTrade (Gains Network) no order-book sample—————
Sell Backpack live order book, 20 min ago0.61 bp5.6 bp −$67.3 bp −$73doesn't fitdoesn't fit
gTrade (Gains Network): 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.
Injective0.2424cheapestVariational Omni0.2433+0.352%Bybit0.2433+0.371%Gate0.2433+0.371%OKX0.2434+0.413%MEXC0.2434+0.413%Binance0.2434+0.427%Extended0.2435+0.435%Bitget0.2435+0.454%BingX0.2435+0.454%dYdX0.2435+0.455%Aster0.2435+0.464%Pacifica0.2435+0.471%Lighter0.2436+0.479%KuCoin0.2436+0.479%Paradex0.2436+0.485%Orderly0.2436+0.495%
gTrade (Gains Network)0.2436+0.505%
HTX0.2436+0.509%SoDEX0.2437+0.516%Derive0.2437+0.519%Hyperliquid0.2437+0.528%ApeX Omni0.2437+0.536%Kalshi0.2437+0.536%Phemex0.2437+0.536%GMX0.2437+0.538%Polymarket Perps0.2437+0.549%Reya0.2437+0.555%Deribit0.2438+0.565%Coinbase International0.2438+0.578%Kraken Futures0.2438+0.583%
Backpack0.2439+0.611%
SunX0.2439+0.617%edgeX0.2440+0.656%BloFin0.2441+0.701%Phoenix0.2447+0.928%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.502%+0.0033%1h$832$124K12xas long as short
Variational Omni ADA−0.152%+0.0100%8h$4.2M$1.0M—as long as short
Bybit ADAUSDT−0.133%+0.0100%8h$71.0M$109.4M75xas long as short
Gate ADA_USDT−0.133%+0.0100%8h$94.7M$56.7M75xas long as short
OKX ADA-USDT-SWAP−0.092%+0.0100%8h$32.2M$108.1M50xas long as short
MEXC ADA_USDT−0.092%+0.0100%8h$51.8M$63.4M300xas long as short
Binance ADAUSDT−0.077%+0.0100%8h$101.4M$365.2M75xas long as short
Extended ADA-USD−0.069%+0.0104%1h$600K$1.7M50xas long as short
Bitget ADAUSDT−0.051%+0.0100%8h$64.6M$46.3M75xas long as short
BingX ADA-USDT−0.051%+0.0100%8h—$18.3M—as long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
dYdX ADA-USD−0.050%0.0000%1h$201K$2K10xas long as short
Aster ADAUSDT−0.041%+0.0100%8h$1.1M$1.4M75xas long as short
Pacifica ADA−0.034%+0.0100%1h$158K$177K10xas long as short
Lighter ADA−0.026%+0.0096%1h$2.2M$1.0M10xas long as short
KuCoin ADAUSDTM−0.026%+0.0100%8h$30.0M$20.7M75xas long as short
Paradex ADA-USD-PERP−0.020%+0.0101%8h$20K$25020xas long as short
Orderly PERP_ADA_USDC−0.010%+0.0100%8h$6K$36K20xas long as short
gTrade (Gains Network) ADA/USDlong0.000%L +0.0005% / S −0.0003%1h$85K—150x
HTX ADA-USDT+0.004%+0.0100%8h$1.3M$5.1M75xas long as short
SoDEX ADA-USD+0.011%+0.0100%1h$714$13K10xas long as short
Derive ADA-PERP+0.014%+0.0100%1h$39K$3K5xas long as short
Hyperliquid ADA+0.023%+0.0103%1h$42.6M$16.9M10xas long as short
ApeX Omni ADAUSDT+0.031%+0.0100%1h$227K$452K50xas long as short
Kalshi KXADAPERP+0.031%0.0000%8h$83K$5.8M3.2xas long as short
Phemex ADAUSDT+0.031%+0.0100%8h$47.5M$6.0M50xas long as short
GMX ADA/USD [WBTC.b-USDC]+0.033%L +0.0521% / S −0.0276%1h$112K—100xas long as short
Polymarket Perps ADA-USD+0.044%+0.0100%1h$93K$738K10xas long as short
Reya ADARUSDPERP+0.049%+0.0293%1h$1K—15xas long as short
Deribit ADA_USDC-PERPETUAL+0.060%+0.0530%1h$467K$408K50xas long as short
Coinbase International ADA-PERP-INTX+0.072%+0.0112%1h$487K$7.2M50xas long as short
Kraken Futures PF_ADAUSD+0.078%+0.0140%1h$6.0M$11.4M50xas long as short
Backpack ADA_USDC_PERPshort+0.105%+0.0100%1h$103K$429K15x
SunX ADA-USDT+0.111%+0.0100%8h$9K$800K30xas long as short
edgeX ADAUSDC+0.150%+0.0100%4h$65K$277K20xas long as short
BloFin ADA-USDT+0.195%+0.0220%8h$4.4M$6.3M75xas long as short
Phoenix ADA+0.421%+0.0131%1h$4K$103K10xas long as short