data as of
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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)+0.047%
7d average—if it closes, per $10,000$5funding while held, a day+$6.52
Long on gTrade (Gains Network)Short on Kraken Futures
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LonggTrade (Gains Network) ADA/USD0.2450L +0.0005% / S −0.0003%pay 0.0001% / 1h1m 09s$89K—150x
ShortKraken Futures PF_ADAUSD0.24510.0222get 0.0028% / 1h1m 09s$5.9M$11.3M50x

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
$4.66
Funding while held
$6.52
Slippage, 4 orders
no order book: not counted
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Fee Kraken Futures: 5 bp × 2 orders
−$10
Net
−$8.82
Spread needed to break even
0.200%
Slippage unknown: gTrade (Gains Network): no order-book sample; Kraken Futures: live order book, 4 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+0.0217%
Per $10,000 a day
+$6.52
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 Kraken Futures live order book, 4 min ago2.65 bp11.0 bp −$1115.0 bp −$15044.3 bp −$4,432doesn'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.
Injective0.2424cheapestCoinbase International0.2446+0.908%Gate0.2447+0.949%BloFin0.2447+0.949%HTX0.2447+0.956%Pacifica0.2447+0.961%Bybit0.2448+0.990%OKX0.2448+0.990%MEXC0.2448+0.990%BingX0.2448+0.990%Kalshi0.2448+0.990%Paradex0.2448+0.993%Reya0.2448+1.006%Extended0.2449+1.013%Polymarket Perps0.2449+1.015%dYdX0.2449+1.015%Binance0.2449+1.017%SoDEX0.2449+1.031%Phemex0.2449+1.031%KuCoin0.2449+1.040%
gTrade (Gains Network)0.2450+1.052%
Aster0.2450+1.058%GMX0.2450+1.059%Backpack0.2450+1.060%Hyperliquid0.2450+1.064%Phoenix0.2450+1.064%Derive0.2450+1.066%Bitget0.2450+1.073%Orderly0.2450+1.073%Lighter0.2450+1.081%
Kraken Futures0.2451+1.099%
ApeX Omni0.2451+1.114%SunX0.2451+1.114%Deribit0.2451+1.114%edgeX0.2453+1.194%Variational Omni0.2453+1.212%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−1.041%+0.0558%1h$832$124K12xas long as short
Coinbase International ADA-PERP-INTX−0.143%+0.0120%1h$441K$6.9M50xas long as short
Gate ADA_USDT−0.102%+0.0072%8h$95.1M$60.2M75xas long as short
BloFin ADA-USDT−0.102%+0.0220%8h$4.5M$6.3M75xas long as short
HTX ADA-USDT−0.095%+0.0100%8h$1.3M$5.2M75xas long as short
Pacifica ADA−0.090%+0.0100%1h$161K$180K10xas long as short
Bybit ADAUSDT−0.061%+0.0100%8h$71.3M$112.0M75xas long as short
OKX ADA-USDT-SWAP−0.061%+0.0100%8h$32.1M$108.7M50xas long as short
MEXC ADA_USDT−0.061%+0.0100%8h$51.7M$64.4M300xas long as short
BingX ADA-USDT−0.061%+0.0100%8h—$18.6M—as long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kalshi KXADAPERP−0.061%0.0000%8h$99K$5.8M3.2xas long as short
Paradex ADA-USD-PERP−0.058%+0.0100%8h$21K$25020xas long as short
Reya ADARUSDPERP−0.045%+0.0294%1h$1K—15xas long as short
Extended ADA-USD−0.038%+0.0104%1h$606K$1.7M50xas long as short
Polymarket Perps ADA-USD−0.037%+0.0100%1h$94K$735K10xas long as short
dYdX ADA-USD−0.036%+0.0063%1h$203K$2K10xas long as short
Binance ADAUSDT−0.035%+0.0100%8h$101.8M$366.8M75xas long as short
SoDEX ADA-USD−0.020%+0.0100%1h$337$13K10xas long as short
Phemex ADAUSDT−0.020%+0.0100%8h$47.8M$5.9M50xas long as short
KuCoin ADAUSDTM−0.012%+0.0100%8h$30.0M$21.2M75xas long as short
gTrade (Gains Network) ADA/USDlong0.000%L +0.0005% / S −0.0003%1h$89K—150x
Aster ADAUSDT+0.006%+0.0100%8h$1.1M$1.4M75xas long as short
GMX ADA/USD [WBTC.b-USDC]+0.007%L +0.0535% / S −0.0286%1h$115K—100xas long as short
Backpack ADA_USDC_PERP+0.008%+0.0100%1h$103K$432K15xas long as short
Hyperliquid ADA+0.012%+0.0100%1h$42.1M$16.3M10xas long as short
Phoenix ADA+0.012%+0.0066%1h$4K$103K10xas long as short
Derive ADA-PERP+0.014%+0.0100%1h$40K$3K5xas long as short
Bitget ADAUSDT+0.020%+0.0100%8h$64.6M$47.0M75xas long as short
Orderly PERP_ADA_USDC+0.020%+0.0100%8h$6K$36K20xas long as short
Lighter ADA+0.029%+0.0096%1h$2.3M$1.1M10xas long as short
Kraken Futures PF_ADAUSDshort+0.047%+0.0222%1h$5.9M$11.3M50x
ApeX Omni ADAUSDT+0.061%+0.0100%1h$229K$451K50xas long as short
SunX ADA-USDT+0.061%+0.0100%8h$9K$809K30xas long as short
Deribit ADA_USDC-PERPETUAL+0.061%+0.0240%1h$470K$423K50xas long as short
edgeX ADAUSDC+0.140%+0.0100%4h$65K$277K20xas long as short
Variational Omni ADA+0.159%+0.0100%8h$4.2M$1.0M—as long as short