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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)+0.013%
7d average+0.004%if it closes, per $10,000$1funding while held, a day−$12.59
Long on GMXShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ADA/USD [WBTC.b-USDC]0.2436L +0.0520% / S −0.0276%pay 0.0065% / 1h39m 42s$112K—100x
ShortBinance ADAUSDT0.24360.0100get 0.0100% / 8h5h 39m$101.3M$343.0M75x

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
$1.26
Funding while held
−$12.59
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Binance: 5 bp × 2 orders
−$10
Net
−$33.33
Spread needed to break even
0.220%
Slippage unknown: GMX: no order-book sample; Binance: live order book, 5 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0420%
Per $10,000 a day
−$12.59
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 GMX no order-book sample—————
Sell Binance live order book, 5 min ago2.05 bp7.0 bp −$78.1 bp −$8122.7 bp −$2,27381.2 bp −$40.6K
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.
Injective0.2424cheapestPacifica0.2434+0.405%Bybit0.2434+0.413%OKX0.2434+0.413%Gate0.2434+0.413%Coinbase International0.2434+0.413%Polymarket Perps0.2434+0.433%SunX0.2435+0.451%Bitget0.2435+0.454%BingX0.2435+0.454%Kalshi0.2435+0.454%Paradex0.2435+0.461%HTX0.2435+0.463%Extended0.2435+0.472%Reya0.2436+0.475%
GMX0.2436+0.477%
Variational Omni0.2436+0.479%Aster0.2436+0.480%dYdX0.2436+0.483%KuCoin0.2436+0.487%
Binance0.2436+0.490%
MEXC0.2436+0.495%gTrade (Gains Network)0.2436+0.495%Hyperliquid0.2436+0.497%Lighter0.2436+0.503%SoDEX0.2437+0.524%Orderly0.2437+0.536%Phemex0.2437+0.536%Backpack0.2438+0.561%Derive0.2438+0.571%Kraken Futures0.2438+0.573%BloFin0.2438+0.578%Deribit0.2438+0.586%Phoenix0.2439+0.615%ApeX Omni0.2440+0.660%edgeX0.2441+0.704%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.475%+0.0033%1h$832$66K12xas long as short
Pacifica ADA−0.071%+0.0100%1h$157K$148K10xas long as short
Bybit ADAUSDT−0.064%+0.0100%8h$70.0M$99.5M75xas long as short
OKX ADA-USDT-SWAP−0.064%+0.0100%8h$32.1M$103.3M50xas long as short
Gate ADA_USDT−0.064%+0.0100%8h$95.7M$55.8M75xas long as short
Coinbase International ADA-PERP-INTX−0.064%+0.0072%1h$472K$6.8M50xas long as short
Polymarket Perps ADA-USD−0.044%+0.0100%1h$91K$727K10xas long as short
SunX ADA-USDT−0.026%+0.0100%8h$9K$751K30xas long as short
Bitget ADAUSDT−0.023%+0.0100%8h$64.4M$41.8M75xas long as short
BingX ADA-USDT−0.023%+0.0100%8h—$18.9M—as long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kalshi KXADAPERP−0.023%0.0000%8h$123K$5.8M3.2xas long as short
Paradex ADA-USD-PERP−0.016%+0.0100%8h$20K$25020xas long as short
HTX ADA-USDT−0.014%+0.0100%8h$1.3M$4.5M75xas long as short
Extended ADA-USD−0.004%+0.0104%1h$599K$1.7M50xas long as short
Reya ADARUSDPERP−0.002%+0.0291%1h$1K—15xas long as short
GMX ADA/USD [WBTC.b-USDC]long0.000%L +0.0520% / S −0.0276%1h$112K—100x
Variational Omni ADA+0.002%+0.0100%8h$4.2M$1.0M—as long as short
Aster ADAUSDT+0.003%+0.0100%8h$1.1M$1.0M75xas long as short
dYdX ADA-USD+0.006%0.0000%1h$202K$2K10xas long as short
KuCoin ADAUSDTM+0.010%+0.0100%8h$30.1M$17.6M75xas long as short
Binance ADAUSDTshort+0.013%+0.0100%8h$101.3M$343.0M75x
MEXC ADA_USDT+0.018%+0.0100%8h$51.9M$57.7M300xas long as short
gTrade (Gains Network) ADA/USD+0.018%L +0.0005% / S −0.0003%1h$84K—150xas long as short
Hyperliquid ADA+0.020%+0.0100%1h$42.5M$13.7M10xas long as short
Lighter ADA+0.026%+0.0096%1h$2.4M$1.2M10xas long as short
SoDEX ADA-USD+0.047%+0.0100%1h$335$13K10xas long as short
Orderly PERP_ADA_USDC+0.059%+0.0100%8h$6K$36K20xas long as short
Phemex ADAUSDT+0.059%+0.0100%8h$47.5M$5.1M50xas long as short
Backpack ADA_USDC_PERP+0.084%+0.0100%1h$102K$412K15xas long as short
Derive ADA-PERP+0.094%+0.0100%1h$40K$3K5xas long as short
Kraken Futures PF_ADAUSD+0.096%+0.0261%1h$6.1M$10.7M50xas long as short
BloFin ADA-USDT+0.100%+0.0220%8h$4.4M$5.3M75xas long as short
Deribit ADA_USDC-PERPETUAL+0.108%+0.0242%1h$476K$377K50xas long as short
Phoenix ADA+0.137%+0.0166%1h$4K$89K10xas long as short
ApeX Omni ADAUSDT+0.182%+0.0100%1h$228K$455K50xas long as short
edgeX ADAUSDC+0.226%+0.0100%4h$65K$277K20xas long as short