data as of
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Price arb /

ADA

all ADA markets
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After costs, if the gap returns to its 7d average, $10k−$37
spread now+0.004%7d average−0.012%fees + slippage, in and out−$39spread needed0.388%
Long on Kraken FuturesShort on Backpack
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongKraken Futures PF_ADAUSD0.2419−0.0069get 0.0009% / 1h50m 04s$5.9M$11.2M50x
ShortBackpack ADA_USDC_PERP0.24190.0100get 0.0013% / 1h50m 04s$104K$415K15x

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
$0.39
Funding while held
$5.08
Slippage, 4 orders
−$18.78
Fee Kraken Futures: 5 bp × 2 orders
−$10
Fee Backpack: 5 bp × 2 orders
−$10
Net
−$33.31
Spread needed to break even
0.388%
Slippage from Kraken Futures: live order book, 5 min ago; Backpack: live order book, 5 min ago.

Cost of waiting

funding view
Funding /8h
+0.0169%
Per $10,000 a day
+$5.08
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 Kraken Futures live order book, 5 min ago2.47 bp12.3 bp −$1214.8 bp −$14872.6 bp −$7,258doesn't fit
Sell Backpack live order book, 5 min ago1.24 bp6.2 bp −$67.5 bp −$75doesn't fitdoesn't fit

ADA price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2282cheapest
Phoenix0.2400+5.171%ApeX Omni0.2404+5.346%edgeX0.2406+5.416%BloFin0.2410+5.609%Coinbase International0.2411+5.653%Variational Omni0.2412+5.692%Kalshi0.2416+5.872%dYdX0.2417+5.906%Bybit0.2417+5.916%OKX0.2417+5.916%MEXC0.2417+5.916%Orderly0.2417+5.916%Aster0.2417+5.929%Pacifica0.2418+5.942%Extended0.2418+5.942%GMX0.2418+5.959%Gate0.2418+5.960%KuCoin0.2418+5.960%Bitget0.2418+5.960%BingX0.2418+5.960%SoDEX0.2418+5.960%Paradex0.2418+5.963%Deribit0.2418+5.968%Reya0.2418+5.973%gTrade (Gains Network)0.2418+5.977%Binance0.2418+5.981%
Kraken Futures0.2419+5.991%
Backpack0.2419+5.995%
Derive0.2419+6.002%Polymarket Perps0.2419+6.004%Phemex0.2419+6.004%HTX0.2419+6.008%SunX0.2420+6.042%Lighter0.2420+6.043%Hyperliquid0.2421+6.096%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−5.652%+0.0033%1h$784$95K12xas long as short
Phoenix ADA−0.773%+0.0066%1h$4K$103K10xas long as short
ApeX Omni ADAUSDT−0.608%+0.0100%1h$93K$319K50xas long as short
edgeX ADAUSDC−0.542%+0.0100%4h$64K$352K20xas long as short
BloFin ADA-USDT−0.360%+0.0220%8h$4.5M$6.0M75xas long as short
Coinbase International ADA-PERP-INTX−0.319%+0.0136%1h$453K$6.3M50xas long as short
Variational Omni ADA−0.282%+0.0100%8h$4.1M$1.0M—as long as short
Kalshi KXADAPERP−0.112%0.0000%8h$157K$5.4M3.2xas long as short
dYdX ADA-USD−0.079%0.0000%1h$200K$2K10xas long as short
Bybit ADAUSDT−0.070%+0.0100%8h$69.4M$108.2M75xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
OKX ADA-USDT-SWAP−0.070%+0.0100%8h$32.0M$102.2M50xas long as short
MEXC ADA_USDT−0.070%+0.0100%8h$50.8M$60.5M300xas long as short
Orderly PERP_ADA_USDC−0.070%+0.0100%8h$5K$38K20xas long as short
Aster ADAUSDT−0.058%+0.0100%8h$1.1M$1.3M75xas long as short
Pacifica ADA−0.046%+0.0100%1h$159K$168K10xas long as short
Extended ADA-USD−0.045%+0.0104%1h$631K$1.5M50xas long as short
GMX ADA/USD [WBTC.b-USDC]−0.030%L +0.0542% / S −0.0369%1h$106K—100xas long as short
Gate ADA_USDT−0.029%+0.0086%8h$92.4M$55.4M75xas long as short
KuCoin ADAUSDTM−0.029%+0.0100%8h$29.9M$20.6M75xas long as short
Bitget ADAUSDT−0.029%+0.0100%8h$63.1M$45.2M75xas long as short
BingX ADA-USDC−0.029%+0.0100%8h—$6.5M—as long as short
SoDEX ADA-USD−0.029%+0.0100%1h$333$13K10xas long as short
Paradex ADA-USD-PERP−0.026%+0.0100%8h$20K$25020xas long as short
Deribit ADA_USDC-PERPETUAL−0.021%+0.0040%1h$452K$356K50xas long as short
Reya ADARUSDPERP−0.017%+0.0296%1h$1K—15xas long as short
gTrade (Gains Network) ADA/USD−0.013%L +0.0005% / S −0.0003%1h$83K—150xas long as short
Binance ADAUSDT−0.009%+0.0100%8h$100.9M$344.9M75xas long as short
Kraken Futures PF_ADAUSDlong0.000%−0.0069%1h$5.9M$11.2M50x
Backpack ADA_USDC_PERPshort+0.004%+0.0100%1h$104K$415K15x
Derive ADA-PERP+0.011%+0.0100%1h$39K$3K5xas long as short
Polymarket Perps ADA-USD+0.012%+0.0100%1h$92K$719K10xas long as short
Phemex ADAUSDT+0.012%+0.0100%8h$47.4M$5.7M50xas long as short
HTX ADA-USDT+0.016%+0.0100%8h$1.3M$4.6M75xas long as short
SunX ADA-USDT+0.049%+0.0100%8h$9K$765K30xas long as short
Lighter ADA+0.049%+0.0096%1h$2.2M$1.0M10xas long as short
Hyperliquid ADA+0.099%+0.0100%1h$41.4M$16.3M10xas long as short