Spread before costs (cost unknown: a leg has no order-book sample)+0.119%
7d average—if it closes, per $10,000$12funding while held, a day+$0.08
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXADAPERP | 0.2427 | 0 | get 0.0000% / 8h | 4h 36m | $118K | $5.8M | 3.2x |
| Short | gTrade (Gains Network) ADA/USD | 0.2430 | L +0.0005% / S −0.0003% | get 0.0000% / 1h | 36m 50s | $89K | — | 150x |
Price 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
- $11.95
- Funding while held
- $0.08
- Slippage, 4 orders
- no order book: not counted
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$7.97
- Spread needed to break even
- 0.200%
Slippage unknown: Kalshi: live order book, 3 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0003%
- Per $10,000 a day
- +$0.08
- 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 | 6.16 bp | 11.8 bp −$12 | 20.6 bp −$206 | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
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.ADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | −0.165% | +0.0100% | 8h | $69.7M | $111.2M | 75x | as long as short |
| Gate ADA_USDT | −0.165% | +0.0079% | 8h | $94.6M | $58.5M | 75x | as long as short |
| Extended ADA-USD | −0.152% | +0.0104% | 1h | $611K | $1.7M | 50x | as long as short |
| OKX ADA-USDT-SWAP | −0.124% | +0.0100% | 8h | $31.9M | $106.7M | 50x | as long as short |
| Bitget ADAUSDT | −0.124% | +0.0100% | 8h | $64.2M | $47.1M | 75x | as long as short |
| BingX ADA-USDC | −0.124% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Injective ADA/USDC PERP | −0.124% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Binance ADAUSDT | −0.100% | +0.0100% | 8h | $101.3M | $364.4M | 75x | as long as short |
| Aster ADAUSDT | −0.084% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| MEXC ADA_USDT | −0.082% | +0.0100% | 8h | $51.2M | $63.1M | 300x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International ADA-PERP-INTX | −0.082% | +0.0120% | 1h | $430K | $6.8M | 50x | as long as short |
| KuCoin ADAUSDTM | −0.066% | +0.0100% | 8h | $30.1M | $21.1M | 75x | as long as short |
| Hyperliquid ADA | −0.058% | +0.0100% | 1h | $41.7M | $16.2M | 10x | as long as short |
| Pacifica ADA | −0.042% | +0.0100% | 1h | $161K | $180K | 10x | as long as short |
| ApeX Omni ADAUSDT | −0.041% | +0.0091% | 1h | $226K | $447K | 50x | as long as short |
| Paradex ADA-USD-PERP | −0.033% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| dYdX ADA-USD | −0.031% | +0.0023% | 1h | $201K | $2K | 10x | as long as short |
| Polymarket Perps ADA-USD | −0.021% | +0.0100% | 1h | $91K | $731K | 10x | as long as short |
| HTX ADA-USDT | −0.005% | +0.0100% | 8h | $1.3M | $5.1M | 75x | as long as short |
| Kalshi KXADAPERPlong | 0.000% | 0.0000% | 8h | $118K | $5.8M | 3.2x | |
| BloFin ADA-USDT | 0.000% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.037% | +0.0100% | 1h | $102K | $424K | 15x | as long as short |
| Phoenix ADA | +0.041% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Reya ADARUSDPERP | +0.052% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| SoDEX ADA-USD | +0.062% | +0.0100% | 1h | $334 | $13K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.082% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| SunX ADA-USDT | +0.082% | +0.0100% | 8h | $9K | $802K | 30x | as long as short |
| Phemex ADAUSDT | +0.082% | +0.0100% | 8h | $47.5M | $5.8M | 50x | as long as short |
| Derive ADA-PERP | +0.100% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Kraken Futures PF_ADAUSD | +0.100% | +0.0224% | 1h | $5.9M | $11.3M | 50x | as long as short |
| Lighter ADA | +0.115% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| gTrade (Gains Network) ADA/USDshort | +0.119% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | |
| Deribit ADA_USDC-PERPETUAL | +0.119% | +0.0079% | 1h | $466K | $422K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.120% | L +0.0540% / S −0.0293% | 1h | $116K | — | 100x | as long as short |
| edgeX ADAUSDC | +0.330% | +0.0100% | 4h | $64K | $276K | 20x | as long as short |
| Variational Omni ADA | +0.341% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
gTrade (Gains Network) ADA/USD
Bybit
Gate
Extended
OKX
Bitget
BingX
Injective
Binance
Aster
MEXC
Coinbase International
KuCoin
Hyperliquid
Pacifica
ApeX Omni
Paradex
Polymarket Perps
HTX
BloFin
Backpack
Phoenix
SoDEX
SunX
Phemex
Derive
Kraken Futures
Lighter
Deribit
GMX
Variational Omni