Spread before costs (cost unknown: a leg has no order-book sample)−0.018%
7d average—if it closes, per $10,000$2funding while held, a day+$2.86
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | gTrade (Gains Network) ADA/USD | 0.2440 | L +0.0005% / S −0.0003% | pay 0.0001% / 1h | 59m 40s | $83K | — | 150x |
| Short | BingX ADA-USDC | 0.2440 | 0.0100 | get 0.0100% / 8h | 59m 40s | — | $6.5M | — |
gTrade (Gains Network) ADA/USD
BingX ADA-USDCPrice 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
- −$1.76
- Funding while held
- $2.86
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$18.9
- Spread needed to break even
- 0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; BingX: live order book, 13 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| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy gTrade (Gains Network) no order-book sample | — | — | — | — | — |
| Sell BingX live order book, 13 min ago | 4.13 bp | 12.9 bp −$13 | 21.4 bp −$214 | 71.9 bp −$7,186 | 569.3 bp −$284.6K |
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.Injective0.2424cheapestGate0.2439+0.619%Variational Omni0.2439+0.624%SunX0.2440+0.658%Bybit0.2440+0.660%MEXC0.2440+0.660%Bitget0.2440+0.660%
Injective
Gate
Variational Omni
SunX
Bybit
MEXC
BitgetBingX0.2440+0.660%
Orderly0.2440+0.660%Phemex0.2440+0.660%dYdX0.2440+0.664%SoDEX0.2440+0.664%Aster0.2440+0.671%Kraken Futures0.2440+0.676%
Orderly
Phemex
dYdX
SoDEX
Aster
Kraken FuturesgTrade (Gains Network)0.2440+0.678%
KuCoin0.2440+0.681%Backpack0.2440+0.681%Derive0.2441+0.683%Lighter0.2441+0.693%GMX0.2441+0.694%Extended0.2441+0.695%HTX0.2441+0.698%OKX0.2441+0.701%Kalshi0.2441+0.701%Coinbase International0.2441+0.701%BloFin0.2441+0.701%Pacifica0.2441+0.703%Deribit0.2442+0.722%Binance0.2442+0.731%Paradex0.2442+0.743%Reya0.2442+0.744%Hyperliquid0.2442+0.747%Polymarket Perps0.2442+0.763%edgeX0.2446+0.900%ApeX Omni0.2447+0.949%Phoenix0.2448+0.994%
KuCoin
Backpack
Derive
Lighter
GMX
Extended
HTX
OKX
Coinbase International
BloFin
Pacifica
Deribit
Binance
Paradex
Reya
Hyperliquid
Polymarket Perps
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 | −0.673% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Gate ADA_USDT | −0.059% | +0.0078% | 8h | $94.1M | $56.7M | 75x | as long as short |
| Variational Omni ADA | −0.054% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| SunX ADA-USDT | −0.020% | +0.0100% | 8h | $9K | $788K | 30x | as long as short |
| Bybit ADAUSDT | −0.018% | +0.0100% | 8h | $70.7M | $110.0M | 75x | as long as short |
| MEXC ADA_USDT | −0.018% | +0.0100% | 8h | $51.1M | $61.2M | 300x | as long as short |
| Bitget ADAUSDT | −0.018% | +0.0100% | 8h | $64.1M | $46.6M | 75x | as long as short |
| BingX ADA-USDCshort | −0.018% | +0.0100% | 8h | — | $6.5M | — | |
| Orderly PERP_ADA_USDC | −0.018% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.018% | +0.0100% | 8h | $47.8M | $5.8M | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | −0.014% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| SoDEX ADA-USD | −0.014% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| Aster ADAUSDT | −0.007% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | −0.001% | −0.0069% | 1h | $6.0M | $11.4M | 50x | as long as short |
| gTrade (Gains Network) ADA/USDlong | 0.000% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | |
| KuCoin ADAUSDTM | +0.003% | +0.0100% | 8h | $30.2M | $21.0M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.003% | +0.0100% | 1h | $105K | $420K | 15x | as long as short |
| Derive ADA-PERP | +0.005% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Lighter ADA | +0.015% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.016% | L +0.0543% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| Extended ADA-USD | +0.017% | +0.0104% | 1h | $635K | $1.6M | 50x | as long as short |
| HTX ADA-USDT | +0.020% | +0.0100% | 8h | $1.3M | $4.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.023% | +0.0100% | 8h | $32.4M | $105.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.023% | 0.0000% | 8h | $137K | $5.7M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.023% | +0.0136% | 1h | $421K | $6.8M | 50x | as long as short |
| BloFin ADA-USDT | +0.023% | +0.0220% | 8h | $4.4M | $6.2M | 75x | as long as short |
| Pacifica ADA | +0.025% | +0.0100% | 1h | $159K | $176K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.044% | +0.0119% | 1h | $463K | $398K | 50x | as long as short |
| Binance ADAUSDT | +0.053% | +0.0100% | 8h | $102.4M | $356.1M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.065% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Reya ADARUSDPERP | +0.066% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| Hyperliquid ADA | +0.068% | +0.0100% | 1h | $41.8M | $15.7M | 10x | as long as short |
| Polymarket Perps ADA-USD | +0.085% | +0.0100% | 1h | $94K | $723K | 10x | as long as short |
| edgeX ADAUSDC | +0.221% | +0.0100% | 4h | $65K | $354K | 20x | as long as short |
| ApeX Omni ADAUSDT | +0.269% | +0.0100% | 1h | $228K | $443K | 50x | as long as short |
| Phoenix ADA | +0.314% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |