After costs, if the gap returns to its 7d average, $10k−$29
spread now+0.163%7d average+0.072%fees + slippage, in and out−$38spread needed0.377%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXADAPERP | 0.2448 | 0 | get 0.0000% / 8h | 3h 47m | $111K | $5.9M | 3.2x |
| Short | Coinbase International ADA-PERP-INTX | 0.2452 | 0.0112 | get 0.0014% / 1h | 47m 01s | $494K | $7.2M | 50x |
Coinbase International ADA-PERP-INTXPrice 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
- $16.34
- Funding while held
- $3.36
- Slippage, 4 orders
- −$17.7
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$18
- Spread needed to break even
- 0.377%
Slippage from Kalshi: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0112%
- Per $10,000 a day
- +$3.36
- 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 Kalshi live order book, 3 min ago | 6.13 bp | 11.1 bp −$11 | 18.5 bp −$185 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 2.05 bp | 8.0 bp −$8 | 18.8 bp −$188 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestExtended0.2444+0.821%Bybit0.2444+0.825%OKX0.2444+0.825%Gate0.2444+0.825%Bitget0.2444+0.825%BloFin0.2444+0.825%Reya0.2444+0.842%MEXC0.2445+0.866%Polymarket Perps0.2445+0.879%KuCoin0.2445+0.887%GMX0.2446+0.890%Derive0.2446+0.891%gTrade (Gains Network)0.2446+0.904%Binance0.2446+0.908%BingX0.2446+0.908%ApeX Omni0.2446+0.908%Orderly0.2446+0.908%Phemex0.2446+0.908%Backpack0.2446+0.912%Aster0.2446+0.923%edgeX0.2446+0.928%SoDEX0.2447+0.928%SunX0.2447+0.947%Deribit0.2447+0.949%Pacifica0.2447+0.953%HTX0.2448+0.970%Hyperliquid0.2448+0.976%Variational Omni0.2448+0.978%Kraken Futures0.2448+0.982%Lighter0.2448+0.986%Paradex0.2448+0.999%dYdX0.2448+1.000%
Injective
Extended
Bybit
OKX
Gate
Bitget
BloFin
Reya
MEXC
Polymarket Perps
KuCoin
GMX
Derive
gTrade (Gains Network)
Binance
BingX
ApeX Omni
Orderly
Phemex
Backpack
Aster
SoDEX
SunX
Deribit
Pacifica
HTX
Hyperliquid
Variational Omni
Kraken Futures
Lighter
Paradex
dYdXCoinbase International0.2452+1.155%
Phoenix0.2452+1.163%
PhoenixADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.980% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Extended ADA-USD | −0.168% | +0.0104% | 1h | $605K | $1.7M | 50x | as long as short |
| Bybit ADAUSDT | −0.163% | +0.0100% | 8h | $71.5M | $111.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.163% | +0.0100% | 8h | $32.2M | $109.1M | 50x | as long as short |
| Gate ADA_USDT | −0.163% | −0.0183% | 8h | $95.0M | $56.1M | 75x | as long as short |
| Bitget ADAUSDT | −0.163% | +0.0100% | 8h | $64.5M | $46.6M | 75x | as long as short |
| BloFin ADA-USDT | −0.163% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Reya ADARUSDPERP | −0.146% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| MEXC ADA_USDT | −0.123% | +0.0100% | 8h | $51.4M | $62.8M | 300x | as long as short |
| Polymarket Perps ADA-USD | −0.110% | +0.0100% | 1h | $93K | $737K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin ADAUSDTM | −0.102% | +0.0100% | 8h | $30.1M | $21.2M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.099% | L +0.0535% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Derive ADA-PERP | −0.098% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.085% | L +0.0005% / S −0.0003% | 1h | $91K | — | 150x | as long as short |
| Binance ADAUSDT | −0.082% | +0.0100% | 8h | $101.9M | $367.1M | 75x | as long as short |
| BingX ADA-USDC | −0.082% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| ApeX Omni ADAUSDT | −0.082% | −0.0007% | 1h | $228K | $452K | 50x | as long as short |
| Orderly PERP_ADA_USDC | −0.082% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.082% | +0.0170% | 8h | $47.7M | $6.0M | 50x | as long as short |
| Backpack ADA_USDC_PERP | −0.078% | +0.0100% | 1h | $103K | $430K | 15x | as long as short |
| Aster ADAUSDT | −0.066% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
| edgeX ADAUSDC | −0.061% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |
| SoDEX ADA-USD | −0.061% | +0.0100% | 1h | $717 | $13K | 10x | as long as short |
| SunX ADA-USDT | −0.043% | +0.0100% | 8h | $9K | $806K | 30x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.041% | +0.0118% | 1h | $469K | $410K | 50x | as long as short |
| Pacifica ADA | −0.037% | +0.0100% | 1h | $159K | $179K | 10x | as long as short |
| HTX ADA-USDT | −0.020% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| Hyperliquid ADA | −0.013% | +0.0148% | 1h | $42.8M | $16.9M | 10x | as long as short |
| Variational Omni ADA | −0.012% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Kraken Futures PF_ADAUSD | −0.008% | +0.0140% | 1h | $6.0M | $11.4M | 50x | as long as short |
| Lighter ADA | −0.004% | +0.0096% | 1h | $2.3M | $987K | 10x | as long as short |
| Kalshi KXADAPERPlong | 0.000% | 0.0000% | 8h | $111K | $5.9M | 3.2x | |
| Paradex ADA-USD-PERP | +0.009% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| dYdX ADA-USD | +0.010% | 0.0000% | 1h | $203K | $2K | 10x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.163% | +0.0112% | 1h | $494K | $7.2M | 50x | |
| Phoenix ADA | +0.172% | +0.0131% | 1h | $4K | $103K | 10x | as long as short |