After costs, if the gap returns to its 7d average, $10k−$101
spread now−0.376%7d average+0.087%fees + slippage, in and out−$55spread needed0.546%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Gate ADA_USDT | 0.2445 | 0.0071 | pay 0.0071% / 8h | 17m 46s | $94.7M | $59.4M | 75x |
| Short | Phoenix ADA | 0.2436 | 0.0066 | get 0.0008% / 1h | 17m 46s | $4K | $103K | 10x |
Gate ADA_USDT
Phoenix ADAPrice 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
- −$37.63
- Funding while held
- −$0.16
- Slippage, 4 orders
- −$32.6
- Fee Gate: 7.5 bp × 2 orders
- −$15
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$92.4
- Spread needed to break even
- 0.546%
Slippage from Gate: live order book, 3 min ago; Phoenix: live order book, 20 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0005%
- Per $10,000 a day
- −$0.16
- 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 Gate live order book, 3 min ago | 2.05 bp | 12.7 bp −$13 | 16.8 bp −$168 | 73.5 bp −$7,354 | doesn't fit |
| Sell Phoenix live order book, 20 min ago | 0.82 bp | 13.2 bp −$13 | 44.7 bp −$447 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestVariational Omni0.2431+0.301%ApeX Omni0.2433+0.371%edgeX0.2435+0.445%
Injective
Variational Omni
ApeX OmniPhoenix0.2436+0.487%
Reya0.2441+0.709%HTX0.2443+0.767%GMX0.2443+0.803%gTrade (Gains Network)0.2444+0.810%Kalshi0.2444+0.825%Polymarket Perps0.2444+0.825%Orderly0.2444+0.825%Derive0.2444+0.837%
Reya
HTX
GMX
gTrade (Gains Network)
Polymarket Perps
Orderly
DeriveGate0.2445+0.866%
Deribit0.2445+0.883%Kraken Futures0.2446+0.896%SunX0.2446+0.907%Bybit0.2446+0.908%OKX0.2446+0.908%MEXC0.2446+0.908%BingX0.2446+0.908%Coinbase International0.2446+0.908%Phemex0.2446+0.908%Extended0.2446+0.913%Pacifica0.2446+0.925%Binance0.2447+0.939%Aster0.2447+0.942%dYdX0.2447+0.942%KuCoin0.2447+0.945%Backpack0.2447+0.945%Bitget0.2447+0.949%SoDEX0.2447+0.949%BloFin0.2447+0.949%Paradex0.2447+0.961%Lighter0.2448+0.974%Hyperliquid0.2449+1.040%
Deribit
Kraken Futures
SunX
Bybit
OKX
MEXC
BingX
Coinbase International
Phemex
Extended
Pacifica
Binance
Aster
dYdX
KuCoin
Backpack
Bitget
SoDEX
BloFin
Paradex
Lighter
HyperliquidADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.859% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.561% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| ApeX Omni ADAUSDT | −0.491% | +0.0100% | 1h | $227K | $449K | 50x | as long as short |
| edgeX ADAUSDC | −0.418% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |
| Phoenix ADAshort | −0.376% | +0.0066% | 1h | $4K | $103K | 10x | |
| Reya ADARUSDPERP | −0.156% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| HTX ADA-USDT | −0.099% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.063% | L +0.0534% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.056% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| Kalshi KXADAPERP | −0.041% | 0.0000% | 8h | $109K | $5.8M | 3.2x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Polymarket Perps ADA-USD | −0.041% | +0.0100% | 1h | $93K | $732K | 10x | as long as short |
| Orderly PERP_ADA_USDC | −0.041% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | −0.029% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Gate ADA_USDTlong | 0.000% | +0.0071% | 8h | $94.7M | $59.4M | 75x | |
| Deribit ADA_USDC-PERPETUAL | +0.016% | +0.0241% | 1h | $469K | $422K | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.029% | +0.0223% | 1h | $5.9M | $11.3M | 50x | as long as short |
| SunX ADA-USDT | +0.040% | +0.0100% | 8h | $9K | $806K | 30x | as long as short |
| Bybit ADAUSDT | +0.041% | +0.0100% | 8h | $70.9M | $112.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $32.0M | $108.2M | 50x | as long as short |
| MEXC ADA_USDT | +0.041% | +0.0100% | 8h | $52.6M | $63.8M | 300x | as long as short |
| BingX ADA-USDC | +0.041% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Coinbase International ADA-PERP-INTX | +0.041% | +0.0120% | 1h | $445K | $6.9M | 50x | as long as short |
| Phemex ADAUSDT | +0.041% | +0.0100% | 8h | $47.8M | $5.8M | 50x | as long as short |
| Extended ADA-USD | +0.046% | +0.0104% | 1h | $607K | $1.7M | 50x | as long as short |
| Pacifica ADA | +0.058% | +0.0100% | 1h | $161K | $181K | 10x | as long as short |
| Binance ADAUSDT | +0.072% | +0.0100% | 8h | $101.5M | $365.8M | 75x | as long as short |
| Aster ADAUSDT | +0.075% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| dYdX ADA-USD | +0.075% | +0.0087% | 1h | $202K | $2K | 10x | as long as short |
| KuCoin ADAUSDTM | +0.078% | +0.0100% | 8h | $30.2M | $21.2M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.078% | +0.0100% | 1h | $103K | $431K | 15x | as long as short |
| Bitget ADAUSDT | +0.082% | +0.0100% | 8h | $64.7M | $47.0M | 75x | as long as short |
| SoDEX ADA-USD | +0.082% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| BloFin ADA-USDT | +0.082% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.094% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.106% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Hyperliquid ADA | +0.172% | +0.0100% | 1h | $42.1M | $16.3M | 10x | as long as short |