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Price arb /

ADA

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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−$15.53
Long on GMXShort on gTrade (Gains Network)
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongGMX ADA/USD [WBTC.b-USDC]0.2437L +0.0521% / S −0.0261%pay 0.0065% / 1h58m 43s$115K—100x
ShortgTrade (Gains Network) ADA/USD0.2438L +0.0005% / S −0.0003%get 0.0000% / 1h58m 43s$85K—150x

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
$1.97
Funding while held
−$15.53
Slippage, 4 orders
no order book: not counted
Fee GMX: 6 bp × 2 orders
−$12
Fee gTrade (Gains Network): 5 bp × 2 orders
−$10
Net
−$35.56
Spread needed to break even
0.220%
Slippage unknown: GMX: no order-book sample; gTrade (Gains Network): no order-book sample. Net counts fees only.

Cost of waiting

funding view
Funding /8h
−0.0518%
Per $10,000 a day
−$15.53
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 gTrade (Gains Network) no order-book sample—————
GMX and gTrade (Gains Network): 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 International0.2437+0.536%
GMX0.2437+0.543%
Reya0.2438+0.558%
gTrade (Gains Network)0.2438+0.563%
SoDEX0.2438+0.569%SunX0.2438+0.575%Orderly0.2438+0.578%Phemex0.2438+0.578%Polymarket Perps0.2438+0.582%Backpack0.2438+0.594%Deribit0.2439+0.602%HTX0.2439+0.606%Kraken Futures0.2439+0.626%Aster0.2440+0.645%Derive0.2440+0.652%Bybit0.2440+0.660%Gate0.2440+0.660%Kalshi0.2440+0.660%OKX0.2441+0.701%MEXC0.2441+0.701%Bitget0.2441+0.701%dYdX0.2441+0.702%Pacifica0.2442+0.724%KuCoin0.2442+0.726%Extended0.2442+0.732%Binance0.2442+0.741%BingX0.2442+0.743%Paradex0.2442+0.749%Variational Omni0.2442+0.761%Lighter0.2443+0.771%BloFin0.2443+0.784%Hyperliquid0.2443+0.796%ApeX Omni0.2444+0.825%edgeX0.2445+0.863%Phoenix0.2445+0.870%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.540%+0.0033%1h$832$103K12xas long as short
Coinbase International ADA-PERP-INTX−0.007%+0.0080%1h$475K$7.0M50xas long as short
GMX ADA/USD [WBTC.b-USDC]long0.000%L +0.0521% / S −0.0261%1h$115K—100x
Reya ADARUSDPERP+0.014%+0.0293%1h$1K—15xas long as short
gTrade (Gains Network) ADA/USDshort+0.020%L +0.0005% / S −0.0003%1h$85K—150x
SoDEX ADA-USD+0.026%+0.0100%1h$335$13K10xas long as short
SunX ADA-USDT+0.032%+0.0100%8h$9K$769K30xas long as short
Orderly PERP_ADA_USDC+0.034%+0.0100%8h$6K$36K20xas long as short
Phemex ADAUSDT+0.034%+0.0100%8h$47.5M$5.8M50xas long as short
Polymarket Perps ADA-USD+0.038%+0.0100%1h$91K$736K10xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Backpack ADA_USDC_PERP+0.050%+0.0100%1h$101K$416K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.059%+0.0119%1h$475K$390K50xas long as short
HTX ADA-USDT+0.063%+0.0100%8h$1.3M$4.9M75xas long as short
Kraken Futures PF_ADAUSD+0.083%+0.0353%1h$6.0M$11.0M50xas long as short
Aster ADAUSDT+0.101%+0.0100%8h$1.1M$1.4M75xas long as short
Derive ADA-PERP+0.109%+0.0100%1h$40K$3K5xas long as short
Bybit ADAUSDT+0.116%+0.0100%8h$71.3M$104.9M75xas long as short
Gate ADA_USDT+0.116%+0.0100%8h$94.8M$53.7M75xas long as short
Kalshi KXADAPERP+0.116%0.0000%8h$74K$5.7M3.2xas long as short
OKX ADA-USDT-SWAP+0.157%+0.0100%8h$32.3M$105.2M50xas long as short
MEXC ADA_USDT+0.157%+0.0100%8h$52.2M$59.2M300xas long as short
Bitget ADAUSDT+0.157%+0.0100%8h$64.9M$44.7M75xas long as short
dYdX ADA-USD+0.158%0.0000%1h$202K$2K10xas long as short
Pacifica ADA+0.179%+0.0100%1h$159K$164K10xas long as short
KuCoin ADAUSDTM+0.182%+0.0100%8h$30.0M$19.6M75xas long as short
Extended ADA-USD+0.187%+0.0104%1h$593K$1.7M50xas long as short
Binance ADAUSDT+0.197%+0.0100%8h$101.8M$350.4M75xas long as short
BingX ADA-USDT+0.198%+0.0100%8h—$17.4M—as long as short
Paradex ADA-USD-PERP+0.205%+0.0100%8h$20K$25020xas long as short
Variational Omni ADA+0.216%+0.0100%8h$4.2M$1.0M—as long as short
Lighter ADA+0.227%+0.0096%1h$2.2M$1.0M10xas long as short
BloFin ADA-USDT+0.239%+0.0220%8h$4.4M$6.2M75xas long as short
Hyperliquid ADA+0.252%+0.0100%1h$42.7M$14.3M10xas long as short
ApeX Omni ADAUSDT+0.280%+0.0100%1h$228K$452K50xas long as short
edgeX ADAUSDC+0.318%+0.0100%4h$65K$279K20xas long as short
Phoenix ADA+0.325%+0.0131%1h$4K$94K10xas long as short