Spread before costs (cost unknown: a leg has no order-book sample)+0.289%
7d average+0.355%if it closes, per $10,000$29funding while held, a day+$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ADA/USDC PERP | 0.2424 | 0.0033 | pay 0.0004% / 1h | 38m 26s | $832 | $103K | 12x |
| Short | Bybit ADAUSDT | 0.2431 | 0.0100 | get 0.0100% / 8h | 6h 38m | $71.0M | $101.2M | 75x |
Injective ADA/USDC PERP
Bybit 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
- $28.88
- Funding while held
- $2
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- $19.86
- Spread needed to break even
- 0.110%
Slippage unknown: Injective: no order-book sample; Bybit: live order book, 2 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0067%
- Per $10,000 a day
- +$2.00
- 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 Injective no order-book sample | — | — | — | — | — |
| Sell Bybit live order book, 2 min ago | 2.06 bp | 7.6 bp −$8 | 11.1 bp −$111 | 36.1 bp −$3,606 | 150.5 bp −$75.3K |
Injective: 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
ApeX Omni0.2427+0.124%Coinbase International0.2427+0.124%Variational Omni0.2428+0.150%Phoenix0.2428+0.165%edgeX0.2429+0.200%Kalshi0.2430+0.248%BloFin0.2430+0.248%GMX0.2431+0.283%Extended0.2431+0.288%
ApeX Omni
Coinbase International
Variational Omni
Phoenix
BloFin
GMX
ExtendedBybit0.2431+0.289%
MEXC0.2431+0.289%Bitget0.2431+0.289%SoDEX0.2431+0.289%Phemex0.2431+0.289%gTrade (Gains Network)0.2431+0.301%HTX0.2431+0.305%Derive0.2432+0.313%SunX0.2432+0.328%Binance0.2432+0.330%OKX0.2432+0.330%Gate0.2432+0.330%Orderly0.2432+0.330%Kraken Futures0.2432+0.331%Reya0.2432+0.332%Backpack0.2433+0.359%Deribit0.2433+0.359%BingX0.2433+0.371%Polymarket Perps0.2433+0.375%Hyperliquid0.2433+0.388%dYdX0.2433+0.392%Pacifica0.2434+0.394%KuCoin0.2434+0.408%Aster0.2435+0.433%Lighter0.2435+0.450%Paradex0.2436+0.495%
MEXC
Bitget
SoDEX
Phemex
gTrade (Gains Network)
HTX
Derive
SunX
Binance
OKX
Gate
Orderly
Kraken Futures
Reya
Backpack
Deribit
BingX
Polymarket Perps
Hyperliquid
dYdX
Pacifica
KuCoin
Aster
Lighter
ParadexADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERPlong | 0.000% | +0.0033% | 1h | $832 | $103K | 12x | |
| ApeX Omni ADAUSDT | +0.124% | +0.0100% | 1h | $227K | $453K | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.124% | +0.0080% | 1h | $472K | $6.8M | 50x | as long as short |
| Variational Omni ADA | +0.150% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | +0.165% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
| edgeX ADAUSDC | +0.200% | +0.0100% | 4h | $64K | $277K | 20x | as long as short |
| Kalshi KXADAPERP | +0.248% | 0.0000% | 8h | $91K | $5.7M | 3.2x | as long as short |
| BloFin ADA-USDT | +0.248% | +0.0220% | 8h | $4.5M | $6.4M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.283% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Extended ADA-USD | +0.288% | +0.0104% | 1h | $609K | $1.7M | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ADAUSDTshort | +0.289% | +0.0100% | 8h | $71.0M | $101.2M | 75x | |
| MEXC ADA_USDT | +0.289% | +0.0100% | 8h | $51.5M | $59.7M | 300x | as long as short |
| Bitget ADAUSDT | +0.289% | +0.0100% | 8h | $64.2M | $43.7M | 75x | as long as short |
| SoDEX ADA-USD | +0.289% | +0.0100% | 1h | $334 | $13K | 10x | as long as short |
| Phemex ADAUSDT | +0.289% | +0.0100% | 8h | $47.4M | $5.8M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.301% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| HTX ADA-USDT | +0.305% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Derive ADA-PERP | +0.313% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.328% | +0.0100% | 8h | $9K | $759K | 30x | as long as short |
| Binance ADAUSDT | +0.330% | +0.0100% | 8h | $101.2M | $346.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.330% | +0.0100% | 8h | $32.2M | $103.1M | 50x | as long as short |
| Gate ADA_USDT | +0.330% | +0.0100% | 8h | $94.5M | $54.6M | 75x | as long as short |
| Orderly PERP_ADA_USDC | +0.330% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Kraken Futures PF_ADAUSD | +0.331% | +0.0354% | 1h | $6.1M | $10.9M | 50x | as long as short |
| Reya ADARUSDPERP | +0.332% | +0.0292% | 1h | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERP | +0.359% | +0.0100% | 1h | $103K | $417K | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.359% | +0.0367% | 1h | $474K | $389K | 50x | as long as short |
| BingX ADA-USDT | +0.371% | +0.0100% | 8h | — | $19.0M | — | as long as short |
| Polymarket Perps ADA-USD | +0.375% | +0.0100% | 1h | $92K | $730K | 10x | as long as short |
| Hyperliquid ADA | +0.388% | +0.0100% | 1h | $42.5M | $13.5M | 10x | as long as short |
| dYdX ADA-USD | +0.392% | +0.0093% | 1h | $201K | $2K | 10x | as long as short |
| Pacifica ADA | +0.394% | +0.0100% | 1h | $157K | $162K | 10x | as long as short |
| KuCoin ADAUSDTM | +0.408% | +0.0100% | 8h | $30.0M | $18.0M | 75x | as long as short |
| Aster ADAUSDT | +0.433% | +0.0100% | 8h | $1.1M | $1.1M | 75x | as long as short |
| Lighter ADA | +0.450% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.495% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |