After costs, if the gap returns to its 7d average, $10k−$72
spread now−0.235%7d average+0.008%fees + slippage, in and out−$48spread needed0.475%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin ADAUSDTM | 0.2423 | 0.0100 | pay 0.0100% / 8h | 5h 54m | $29.8M | $17.7M | 75x |
| Short | Phemex ADAUSDT | 0.2417 | 0.0100 | get 0.0100% / 8h | 5h 54m | $47.1M | $5.1M | 50x |
KuCoin ADAUSDTM
Phemex 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
- −$23.53
- Funding while held
- $0
- Slippage, 4 orders
- −$23.53
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$71.05
- Spread needed to break even
- 0.475%
Slippage from KuCoin: live order book, 11 min ago; Phemex: live order book, 6 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 KuCoin live order book, 11 min ago | 0.62 bp | 16.6 bp −$17 | 27.3 bp −$273 | doesn't fit | doesn't fit |
| Sell Phemex live order book, 6 min ago | 4.15 bp | 10.1 bp −$10 | 17.2 bp −$172 | 40.7 bp −$4,067 | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.2407cheapestVariational Omni0.2409+0.069%BloFin0.2410+0.125%ApeX Omni0.2412+0.208%edgeX0.2412+0.221%Kalshi0.2413+0.249%Phoenix0.2413+0.266%Reya0.2416+0.356%Polymarket Perps0.2416+0.386%gTrade (Gains Network)0.2416+0.391%GMX0.2416+0.392%SunX0.2417+0.415%
Coinbase International
Variational Omni
BloFin
ApeX Omni
Phoenix
Reya
Polymarket Perps
gTrade (Gains Network)
GMX
SunXPhemex0.2417+0.415%
SoDEX0.2417+0.436%Orderly0.2418+0.457%HTX0.2418+0.472%Derive0.2418+0.476%Extended0.2419+0.478%Kraken Futures0.2419+0.482%Aster0.2419+0.487%Gate0.2419+0.499%Deribit0.2419+0.515%Backpack0.2420+0.532%BingX0.2420+0.540%Bitget0.2421+0.582%Pacifica0.2422+0.616%Bybit0.2422+0.623%MEXC0.2422+0.623%Hyperliquid0.2422+0.627%dYdX0.2422+0.629%
SoDEX
Orderly
HTX
Derive
Extended
Kraken Futures
Aster
Gate
Deribit
Backpack
BingX
Bitget
Pacifica
Bybit
MEXC
Hyperliquid
dYdXKuCoin0.2423+0.652%
Binance0.2423+0.664%OKX0.2423+0.665%Lighter0.2423+0.677%Injective0.2424+0.706%Paradex0.2424+0.707%
Binance
OKX
Lighter
Injective
ParadexADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International ADA-PERP-INTX | −0.648% | +0.0072% | 1h | $467K | $6.7M | 50x | as long as short |
| Variational Omni ADA | −0.580% | +0.0100% | 8h | $4.1M | $1.0M | — | as long as short |
| BloFin ADA-USDT | −0.524% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| ApeX Omni ADAUSDT | −0.442% | +0.0034% | 1h | $226K | $455K | 50x | as long as short |
| edgeX ADAUSDC | −0.428% | +0.0100% | 4h | $64K | $277K | 20x | as long as short |
| Kalshi KXADAPERP | −0.400% | 0.0000% | 8h | $153K | $5.9M | 3.2x | as long as short |
| Phoenix ADA | −0.384% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| Reya ADARUSDPERP | −0.294% | +0.0291% | 1h | $1K | — | 15x | as long as short |
| Polymarket Perps ADA-USD | −0.264% | +0.0100% | 1h | $91K | $726K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.260% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX ADA/USD [WBTC.b-USDC] | −0.259% | L +0.0518% / S −0.0276% | 1h | $111K | — | 100x | as long as short |
| SunX ADA-USDT | −0.236% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| Phemex ADAUSDTshort | −0.235% | +0.0100% | 8h | $47.1M | $5.1M | 50x | |
| SoDEX ADA-USD | −0.215% | +0.0100% | 1h | $333 | $13K | 10x | as long as short |
| Orderly PERP_ADA_USDC | −0.194% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| HTX ADA-USDT | −0.179% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Derive ADA-PERP | −0.175% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Extended ADA-USD | −0.173% | +0.0104% | 1h | $599K | $1.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | −0.169% | +0.0263% | 1h | $6.1M | $10.7M | 50x | as long as short |
| Aster ADAUSDT | −0.164% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| Gate ADA_USDT | −0.153% | +0.0100% | 8h | $94.5M | $55.2M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.136% | +0.0619% | 1h | $472K | $377K | 50x | as long as short |
| Backpack ADA_USDC_PERP | −0.120% | +0.0100% | 1h | $101K | $409K | 15x | as long as short |
| BingX ADA-USDC | −0.111% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Bitget ADAUSDT | −0.070% | +0.0100% | 8h | $64.0M | $41.8M | 75x | as long as short |
| Pacifica ADA | −0.036% | +0.0100% | 1h | $156K | $154K | 10x | as long as short |
| Bybit ADAUSDT | −0.029% | +0.0100% | 8h | $69.6M | $99.7M | 75x | as long as short |
| MEXC ADA_USDT | −0.029% | +0.0100% | 8h | $51.5M | $56.9M | 300x | as long as short |
| Hyperliquid ADA | −0.025% | +0.0100% | 1h | $42.2M | $13.7M | 10x | as long as short |
| dYdX ADA-USD | −0.023% | 0.0000% | 1h | $200K | $2K | 10x | as long as short |
| KuCoin ADAUSDTMlong | 0.000% | +0.0100% | 8h | $29.8M | $17.7M | 75x | |
| Binance ADAUSDT | +0.012% | +0.0100% | 8h | $100.6M | $342.7M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.012% | +0.0100% | 8h | $31.8M | $102.4M | 50x | as long as short |
| Lighter ADA | +0.025% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Injective ADA/USDC PERP | +0.054% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| Paradex ADA-USD-PERP | +0.054% | +0.0101% | 8h | $20K | $250 | 20x | as long as short |