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Price arb /

ADA

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Spread before costs (cost unknown: a leg has no order-book sample)−0.011%
7d average−0.025%if it closes, per $10,000$1funding while held, a day−$12.60
Long on GMXShort on Bitget
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ADA/USD [WBTC.b-USDC]0.2437L +0.0520% / S −0.0276%pay 0.0065% / 1h58m 59s$112K—100x
ShortBitget ADAUSDT0.24370.0100get 0.0100% / 8h4h 58m$64.5M$41.6M75x

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
−$1.15
Funding while held
−$12.6
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee Bitget: 6 bp × 2 orders
−$12
Net
−$37.75
Spread needed to break even
0.240%
Slippage unknown: GMX: no order-book sample; Bitget: live order book, 1 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0420%
Per $10,000 a day
−$12.60
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 Bitget live order book, 1 min ago2.05 bp8.6 bp −$913.1 bp −$13125.2 bp −$2,51691.6 bp −$45.8K
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.
Gate0.2435cheapestBloFin0.2436+0.041%Polymarket Perps0.2437+0.070%dYdX0.2437+0.078%Extended0.2437+0.079%Reya0.2437+0.080%gTrade (Gains Network)0.2437+0.081%Binance0.2437+0.082%Bybit0.2437+0.082%OKX0.2437+0.082%MEXC0.2437+0.082%
Bitget0.2437+0.082%
BingX0.2437+0.082%Orderly0.2437+0.082%Phemex0.2437+0.082%
GMX0.2437+0.094%
Aster0.2437+0.094%Paradex0.2437+0.103%KuCoin0.2437+0.103%SoDEX0.2437+0.103%HTX0.2438+0.109%Pacifica0.2438+0.110%Derive0.2438+0.118%Kalshi0.2438+0.123%Phoenix0.2438+0.127%Deribit0.2438+0.127%Kraken Futures0.2438+0.138%Backpack0.2438+0.140%Variational Omni0.2439+0.146%Hyperliquid0.2439+0.160%SunX0.2439+0.163%Coinbase International0.2439+0.164%Lighter0.2439+0.168%edgeX0.2439+0.177%ApeX Omni0.2441+0.246%Injective0.2441+0.246%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Gate ADA_USDT−0.094%+0.0100%8h$96.0M$55.7M75xas long as short
BloFin ADA-USDT−0.053%+0.0220%8h$4.5M$4.9M75xas long as short
Polymarket Perps ADA-USD−0.024%+0.0100%1h$92K$730K10xas long as short
dYdX ADA-USD−0.016%0.0000%1h$200K$4K10xas long as short
Extended ADA-USD−0.014%+0.0104%1h$589K$1.8M50xas long as short
Reya ADARUSDPERP−0.013%+0.0290%1h$1K—15xas long as short
gTrade (Gains Network) ADA/USD−0.013%L +0.0005% / S −0.0003%1h$84K—150xas long as short
Binance ADAUSDT−0.011%+0.0100%8h$101.2M$343.1M75xas long as short
Bybit ADAUSDT−0.011%+0.0100%8h$70.5M$99.1M75xas long as short
OKX ADA-USDT-SWAP−0.011%+0.0100%8h$32.4M$103.2M50xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC ADA_USDT−0.011%+0.0100%8h$52.6M$56.1M300xas long as short
Bitget ADAUSDTshort−0.011%+0.0100%8h$64.5M$41.6M75x
BingX ADA-USDT−0.011%+0.0100%8h—$18.9M—as long as short
Orderly PERP_ADA_USDC−0.011%+0.0100%8h$6K$36K20xas long as short
Phemex ADAUSDT−0.011%+0.0100%8h$47.4M$5.1M50xas long as short
GMX ADA/USD [WBTC.b-USDC]long0.000%L +0.0520% / S −0.0276%1h$112K—100x
Aster ADAUSDT0.000%+0.0100%8h$1.1M$999K75xas long as short
Paradex ADA-USD-PERP+0.009%+0.0102%8h$20K$25020xas long as short
KuCoin ADAUSDTM+0.009%+0.0100%8h$30.3M$17.6M75xas long as short
SoDEX ADA-USD+0.009%+0.0100%1h$335$13K10xas long as short
HTX ADA-USDT+0.015%+0.0100%8h$1.3M$4.6M75xas long as short
Pacifica ADA+0.017%+0.0100%1h$155K$149K10xas long as short
Derive ADA-PERP+0.024%+0.0100%1h$40K$3K5xas long as short
Kalshi KXADAPERP+0.030%0.0000%8h$123K$5.8M3.2xas long as short
Phoenix ADA+0.034%+0.0166%1h$4K$87K10xas long as short
Deribit ADA_USDC-PERPETUAL+0.034%+0.0283%1h$476K$371K50xas long as short
Kraken Futures PF_ADAUSD+0.044%+0.0425%1h$6.2M$10.8M50xas long as short
Backpack ADA_USDC_PERP+0.046%+0.0100%1h$102K$413K15xas long as short
Variational Omni ADA+0.053%+0.0100%8h$4.2M$1.0M—as long as short
Hyperliquid ADA+0.066%+0.0100%1h$42.6M$13.7M10xas long as short
SunX ADA-USDT+0.069%+0.0100%8h$9K$751K30xas long as short
Coinbase International ADA-PERP-INTX+0.071%+0.0064%1h$467K$6.8M50xas long as short
Lighter ADA+0.075%+0.0096%1h$2.4M$1.2M10xas long as short
edgeX ADAUSDC+0.083%+0.0100%4h$65K$280K20xas long as short
ApeX Omni ADAUSDT+0.153%+0.0100%1h$230K$457K50xas long as short
Injective ADA/USDC PERP+0.153%−0.0071%1h$838$97K12xas long as short