Spread before costs (cost unknown: a leg has no order-book sample)−0.504%
7d average−0.439%if it closes, per $10,000$50funding while held, a day−$9.61
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2436 | 0.0354 | pay 0.0044% / 1h | 17m 17s | $6.1M | $10.6M | 50x |
| Short | Injective ADA/USDC PERP | 0.2424 | 0.0033 | get 0.0004% / 1h | 17m 17s | $832 | $103K | 12x |
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERPPrice 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
- −$50.39
- Funding while held
- −$9.61
- Slippage, 4 orders
- no order book: not counted
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$70.02
- Spread needed to break even
- 0.100%
Slippage unknown: Kraken Futures: live order book, 3 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0320%
- Per $10,000 a day
- −$9.61
- 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 Kraken Futures live order book, 3 min ago | 3.08 bp | 10.9 bp −$11 | 15.8 bp −$158 | 58.0 bp −$5,800 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
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
dYdX0.2434+0.409%Bybit0.2434+0.413%Gate0.2434+0.413%Phemex0.2434+0.413%Backpack0.2434+0.425%Extended0.2435+0.435%SoDEX0.2435+0.441%GMX0.2435+0.444%Aster0.2435+0.446%OKX0.2435+0.454%MEXC0.2435+0.454%Bitget0.2435+0.454%BingX0.2435+0.454%ApeX Omni0.2435+0.454%Kalshi0.2435+0.454%Orderly0.2435+0.454%gTrade (Gains Network)0.2435+0.455%Binance0.2435+0.461%Derive0.2435+0.466%HTX0.2435+0.466%KuCoin0.2435+0.470%Pacifica0.2436+0.477%Reya0.2436+0.478%Paradex0.2436+0.491%SunX0.2436+0.495%BloFin0.2436+0.495%Polymarket Perps0.2436+0.499%Deribit0.2436+0.503%
dYdX
Bybit
Gate
Phemex
Backpack
Extended
SoDEX
GMX
Aster
OKX
MEXC
Bitget
BingX
ApeX Omni
Orderly
gTrade (Gains Network)
Binance
Derive
HTX
KuCoin
Pacifica
Reya
Paradex
SunX
BloFin
Polymarket Perps
DeribitKraken Futures0.2436+0.506%
Lighter0.2436+0.507%Variational Omni0.2437+0.524%Coinbase International0.2437+0.536%Phoenix0.2437+0.553%Hyperliquid0.2438+0.565%edgeX0.2439+0.619%
Lighter
Variational Omni
Coinbase International
Phoenix
HyperliquidADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERPshort | −0.504% | +0.0033% | 1h | $832 | $103K | 12x | |
| dYdX ADA-USD | −0.097% | +0.0056% | 1h | $201K | $2K | 10x | as long as short |
| Bybit ADAUSDT | −0.093% | +0.0100% | 8h | $71.1M | $98.3M | 75x | as long as short |
| Gate ADA_USDT | −0.093% | +0.0100% | 8h | $94.6M | $55.0M | 75x | as long as short |
| Phemex ADAUSDT | −0.093% | +0.0100% | 8h | $47.5M | $5.5M | 50x | as long as short |
| Backpack ADA_USDC_PERP | −0.081% | +0.0100% | 1h | $101K | $408K | 15x | as long as short |
| Extended ADA-USD | −0.071% | +0.0104% | 1h | $606K | $1.7M | 50x | as long as short |
| SoDEX ADA-USD | −0.065% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.062% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Aster ADAUSDT | −0.060% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | −0.052% | +0.0100% | 8h | $32.2M | $101.9M | 50x | as long as short |
| MEXC ADA_USDT | −0.052% | +0.0100% | 8h | $52.9M | $60.4M | 300x | as long as short |
| Bitget ADAUSDT | −0.052% | +0.0100% | 8h | $64.3M | $41.7M | 75x | as long as short |
| BingX ADA-USDT | −0.052% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| ApeX Omni ADAUSDT | −0.052% | +0.0100% | 1h | $228K | $453K | 50x | as long as short |
| Kalshi KXADAPERP | −0.052% | 0.0000% | 8h | $145K | $5.8M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | −0.052% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.051% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| Binance ADAUSDT | −0.045% | +0.0100% | 8h | $101.3M | $339.6M | 75x | as long as short |
| Derive ADA-PERP | −0.041% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| HTX ADA-USDT | −0.040% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| KuCoin ADAUSDTM | −0.036% | +0.0100% | 8h | $30.0M | $17.6M | 75x | as long as short |
| Pacifica ADA | −0.029% | +0.0100% | 1h | $157K | $153K | 10x | as long as short |
| Reya ADARUSDPERP | −0.028% | +0.0292% | 1h | $1K | — | 15x | as long as short |
| Paradex ADA-USD-PERP | −0.015% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| SunX ADA-USDT | −0.012% | +0.0100% | 8h | $9K | $749K | 30x | as long as short |
| BloFin ADA-USDT | −0.011% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| Polymarket Perps ADA-USD | −0.007% | +0.0100% | 1h | $92K | $726K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.003% | +0.0448% | 1h | $476K | $383K | 50x | as long as short |
| Kraken Futures PF_ADAUSDlong | 0.000% | +0.0354% | 1h | $6.1M | $10.6M | 50x | |
| Lighter ADA | +0.001% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Variational Omni ADA | +0.018% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Coinbase International ADA-PERP-INTX | +0.030% | +0.0080% | 1h | $480K | $6.8M | 50x | as long as short |
| Phoenix ADA | +0.046% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
| Hyperliquid ADA | +0.058% | +0.0100% | 1h | $43.0M | $13.6M | 10x | as long as short |
| edgeX ADAUSDC | +0.112% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |