Spread before costs (cost unknown: a leg has no order-book sample)−0.611%
7d average−0.013%if it closes, per $10,000$61funding while held, a day−$13.10
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | GMX ADA/USD [WBTC.b-USDC] | 0.2460 | L +0.0537% / S −0.0286% | pay 0.0067% / 1h | 55m 41s | $116K | — | 100x |
| Short | ApeX Omni ADAUSDT | 0.2445 | 0.0100 | get 0.0013% / 1h | 55m 41s | $228K | $451K | 50x |
GMX ADA/USD [WBTC.b-USDC]
ApeX Omni ADAUSDTPrice 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
- −$61.06
- Funding while held
- −$13.1
- Slippage, 4 orders
- no order book: not counted
- Fee GMX: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$96.15
- Spread needed to break even
- 0.220%
Slippage unknown: GMX: no order-book sample; ApeX Omni: live order book, 53 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0437%
- Per $10,000 a day
- −$13.10
- 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 GMX no order-book sample | — | — | — | — | — |
| Sell ApeX Omni live order book, 53 min ago | 2.04 bp | 11.0 bp −$11 | 42.5 bp −$425 | doesn't fit | doesn't fit |
GMX: 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.Injective0.2424cheapest
InjectiveApeX Omni0.2445+0.866%
edgeX0.2448+1.005%Phoenix0.2450+1.056%BloFin0.2451+1.114%Bybit0.2454+1.238%OKX0.2455+1.279%BingX0.2455+1.279%KuCoin0.2456+1.312%Gate0.2456+1.320%MEXC0.2456+1.320%Bitget0.2456+1.320%Binance0.2456+1.328%Pacifica0.2456+1.335%dYdX0.2457+1.361%Lighter0.2457+1.378%Paradex0.2458+1.393%Derive0.2458+1.421%Variational Omni0.2458+1.423%Extended0.2459+1.461%Aster0.2459+1.462%Hyperliquid0.2460+1.481%Orderly0.2460+1.485%Phemex0.2460+1.485%
Phoenix
BloFin
Bybit
OKX
BingX
KuCoin
Gate
MEXC
Bitget
Binance
Pacifica
dYdX
Lighter
Paradex
Derive
Variational Omni
Extended
Aster
Hyperliquid
Orderly
PhemexGMX0.2460+1.486%
gTrade (Gains Network)0.2460+1.490%Polymarket Perps0.2460+1.493%Reya0.2460+1.501%SoDEX0.2461+1.510%SunX0.2461+1.524%Kalshi0.2461+1.526%Coinbase International0.2461+1.526%HTX0.2461+1.527%Backpack0.2462+1.547%Kraken Futures0.2462+1.565%Deribit0.2462+1.568%
gTrade (Gains Network)
Polymarket Perps
Reya
SoDEX
SunX
Coinbase International
HTX
Backpack
Kraken Futures
DeribitADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.464% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| ApeX Omni ADAUSDTshort | −0.611% | +0.0100% | 1h | $228K | $451K | 50x | |
| edgeX ADAUSDC | −0.473% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| Phoenix ADA | −0.424% | +0.0131% | 1h | $4K | $102K | 10x | as long as short |
| BloFin ADA-USDT | −0.367% | +0.0220% | 8h | $4.4M | $6.3M | 75x | as long as short |
| Bybit ADAUSDT | −0.245% | +0.0100% | 8h | $71.8M | $112.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.204% | +0.0100% | 8h | $32.3M | $109.6M | 50x | as long as short |
| BingX ADA-USDT | −0.204% | +0.0100% | 8h | — | $18.6M | — | as long as short |
| KuCoin ADAUSDTM | −0.172% | +0.0100% | 8h | $30.2M | $21.3M | 75x | as long as short |
| Gate ADA_USDT | −0.163% | −0.0036% | 8h | $95.6M | $55.6M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | −0.163% | +0.0100% | 8h | $52.3M | $62.5M | 300x | as long as short |
| Bitget ADAUSDT | −0.163% | +0.0100% | 8h | $64.8M | $47.1M | 75x | as long as short |
| Binance ADAUSDT | −0.155% | +0.0100% | 8h | $102.1M | $368.0M | 75x | as long as short |
| Pacifica ADA | −0.149% | +0.0100% | 1h | $161K | $180K | 10x | as long as short |
| dYdX ADA-USD | −0.123% | 0.0000% | 1h | $203K | $2K | 10x | as long as short |
| Lighter ADA | −0.107% | +0.0096% | 1h | $2.3M | $983K | 10x | as long as short |
| Paradex ADA-USD-PERP | −0.092% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Derive ADA-PERP | −0.064% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Variational Omni ADA | −0.062% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Extended ADA-USD | −0.024% | +0.0104% | 1h | $611K | $1.7M | 50x | as long as short |
| Aster ADAUSDT | −0.024% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Hyperliquid ADA | −0.005% | +0.0133% | 1h | $42.7M | $16.5M | 10x | as long as short |
| Orderly PERP_ADA_USDC | −0.001% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.001% | −0.0334% | 8h | $48.1M | $5.9M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]long | 0.000% | L +0.0537% / S −0.0286% | 1h | $116K | — | 100x | |
| gTrade (Gains Network) ADA/USD | +0.004% | L +0.0005% / S −0.0003% | 1h | $90K | — | 150x | as long as short |
| Polymarket Perps ADA-USD | +0.007% | +0.0100% | 1h | $94K | $736K | 10x | as long as short |
| Reya ADARUSDPERP | +0.015% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| SoDEX ADA-USD | +0.024% | +0.0100% | 1h | $721 | $13K | 10x | as long as short |
| SunX ADA-USDT | +0.038% | +0.0100% | 8h | $9K | $809K | 30x | as long as short |
| Kalshi KXADAPERP | +0.040% | 0.0000% | 8h | $93K | $5.8M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.040% | +0.0112% | 1h | $440K | $7.0M | 50x | as long as short |
| HTX ADA-USDT | +0.041% | +0.0100% | 8h | $1.3M | $5.3M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.060% | +0.0100% | 1h | $104K | $433K | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.078% | +0.0139% | 1h | $6.1M | $11.4M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.080% | +0.0238% | 1h | $472K | $422K | 50x | as long as short |