Spread before costs (cost unknown: a leg has no order-book sample)−0.020%
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 | 0.2450 | L +0.0005% / S −0.0003% | pay 0.0001% / 1h | 0m 45s | $89K | — | 150x |
| Short | SoDEX ADA-USD | 0.2449 | 0.0100 | get 0.0013% / 1h | 0m 45s | $337 | $13K | 10x |
gTrade (Gains Network) ADA/USD
SoDEX ADA-USDPrice 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
- −$2.04
- Funding while held
- $2.86
- Slippage, 4 orders
- no order book: not counted
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Net
- −$17.18
- Spread needed to break even
- 0.180%
Slippage unknown: gTrade (Gains Network): no order-book sample; SoDEX: no order-book sample. 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 SoDEX no order-book sample | — | — | — | — | — |
gTrade (Gains Network) and SoDEX: 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%MEXC0.2448+0.990%Kalshi0.2448+0.990%Reya0.2448+1.006%KuCoin0.2448+1.007%Extended0.2449+1.014%Polymarket Perps0.2449+1.015%dYdX0.2449+1.015%Aster0.2449+1.016%Pacifica0.2449+1.019%Binance0.2449+1.031%Bybit0.2449+1.031%OKX0.2449+1.031%Bitget0.2449+1.031%BingX0.2449+1.031%
Injective
Coinbase International
Gate
BloFin
HTX
MEXC
Reya
KuCoin
Extended
Polymarket Perps
dYdX
Aster
Pacifica
Binance
Bybit
OKX
Bitget
BingXSoDEX0.2449+1.031%
Phemex0.2449+1.031%
PhemexgTrade (Gains Network)0.2450+1.052%
GMX0.2450+1.059%Backpack0.2450+1.060%Paradex0.2450+1.061%Hyperliquid0.2450+1.064%Phoenix0.2450+1.064%Derive0.2450+1.066%Orderly0.2450+1.073%Lighter0.2450+1.085%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%
GMX
Backpack
Paradex
Hyperliquid
Phoenix
Derive
Orderly
Lighter
Kraken Futures
ApeX Omni
SunX
Deribit
Variational OmniADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.041% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.143% | +0.0120% | 1h | $441K | $6.9M | 50x | as long as short |
| Gate ADA_USDT | −0.102% | +0.0072% | 8h | $95.1M | $60.2M | 75x | as long as short |
| BloFin ADA-USDT | −0.102% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| HTX ADA-USDT | −0.095% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| MEXC ADA_USDT | −0.061% | +0.0100% | 8h | $51.7M | $64.4M | 300x | as long as short |
| Kalshi KXADAPERP | −0.061% | 0.0000% | 8h | $99K | $5.8M | 3.2x | as long as short |
| Reya ADARUSDPERP | −0.045% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| KuCoin ADAUSDTM | −0.045% | +0.0100% | 8h | $30.0M | $21.2M | 75x | as long as short |
| Extended ADA-USD | −0.038% | +0.0104% | 1h | $606K | $1.7M | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps ADA-USD | −0.037% | +0.0100% | 1h | $94K | $735K | 10x | as long as short |
| dYdX ADA-USD | −0.036% | +0.0062% | 1h | $203K | $2K | 10x | as long as short |
| Aster ADAUSDT | −0.035% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Pacifica ADA | −0.032% | +0.0100% | 1h | $161K | $180K | 10x | as long as short |
| Binance ADAUSDT | −0.020% | +0.0100% | 8h | $101.8M | $366.8M | 75x | as long as short |
| Bybit ADAUSDT | −0.020% | +0.0100% | 8h | $71.3M | $112.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.020% | +0.0100% | 8h | $32.1M | $108.7M | 50x | as long as short |
| Bitget ADAUSDT | −0.020% | +0.0100% | 8h | $64.5M | $47.0M | 75x | as long as short |
| BingX ADA-USDT | −0.020% | +0.0100% | 8h | — | $18.6M | — | as long as short |
| SoDEX ADA-USDshort | −0.020% | +0.0100% | 1h | $337 | $13K | 10x | |
| Phemex ADAUSDT | −0.020% | +0.0100% | 8h | $47.8M | $5.9M | 50x | as long as short |
| gTrade (Gains Network) ADA/USDlong | 0.000% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | |
| GMX ADA/USD [WBTC.b-USDC] | +0.007% | L +0.0535% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Backpack ADA_USDC_PERP | +0.008% | +0.0100% | 1h | $103K | $432K | 15x | as long as short |
| Paradex ADA-USD-PERP | +0.009% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.012% | +0.0100% | 1h | $42.1M | $16.3M | 10x | as long as short |
| Phoenix ADA | +0.012% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Derive ADA-PERP | +0.014% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Orderly PERP_ADA_USDC | +0.020% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Lighter ADA | +0.033% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.047% | +0.0222% | 1h | $5.9M | $11.3M | 50x | as long as short |
| ApeX Omni ADAUSDT | +0.061% | +0.0100% | 1h | $229K | $451K | 50x | as long as short |
| SunX ADA-USDT | +0.061% | +0.0100% | 8h | $9K | $809K | 30x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.061% | +0.0240% | 1h | $470K | $423K | 50x | as long as short |
| edgeX ADAUSDC | +0.140% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |
| Variational Omni ADA | +0.159% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |