data as of
Settings8H · net · $10k
FundingCostsSizeExchangesMy alerts
Price arb /

ADA

all ADA markets
SwapFunding view
Alert
My alerts

Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$30
spread now−0.017%7d average−0.006%fees + slippage, in and out−$29spread needed0.294%
Long on LighterShort on Phemex
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ADA0.24170.0096pay 0.0012% / 1h46m 53s$2.2M$1.0M10x
ShortPhemex ADAUSDT0.24170.0100get 0.0100% / 8h1h 46m$47.3M$5.7M50x

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
−$1.65
Funding while held
$0.12
Slippage, 4 orders
−$17.42
Fee Lighter: 0 bp × 2 orders
$0
Fee Phemex: 6 bp × 2 orders
−$12
Net
−$30.96
Spread needed to break even
0.294%
Slippage from Lighter: live order book, 7 min ago; Phemex: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
+0.0004%
Per $10,000 a day
+$0.12
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 Lighter live order book, 7 min ago3.33 bp8.2 bp −$817.1 bp −$17153.1 bp −$5,313doesn't fit
Sell Phemex live order book, 4 min ago2.07 bp8.1 bp −$819.0 bp −$19046.0 bp −$4,604doesn't fit

ADA price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2282cheapest
ApeX Omni0.2411+5.653%edgeX0.2411+5.654%Variational Omni0.2412+5.692%Bybit0.2412+5.697%Gate0.2412+5.697%Extended0.2413+5.722%Binance0.2413+5.741%Bitget0.2413+5.741%BingX0.2413+5.741%MEXC0.2414+5.784%KuCoin0.2414+5.802%gTrade (Gains Network)0.2415+5.830%OKX0.2416+5.872%Backpack0.2417+5.898%Hyperliquid0.2417+5.916%
Phemex0.2417+5.916%
Kraken Futures0.2417+5.918%Aster0.2417+5.922%
Lighter0.2417+5.933%
HTX0.2418+5.947%SoDEX0.2418+5.960%Orderly0.2419+6.004%Deribit0.2419+6.012%GMX0.2419+6.021%Reya0.2420+6.038%Polymarket Perps0.2420+6.039%SunX0.2420+6.043%Paradex0.2420+6.050%Derive0.2420+6.056%Phoenix0.2420+6.065%Coinbase International0.2421+6.091%BloFin0.2421+6.091%dYdX0.2421+6.107%Pacifica0.2422+6.135%Kalshi0.2425+6.266%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−5.601%+0.0033%1h$784$95K12xas long as short
ApeX Omni ADAUSDT−0.265%+0.0100%1h$95K$342K50xas long as short
edgeX ADAUSDC−0.263%+0.0100%4h$64K$353K20xas long as short
Variational Omni ADA−0.228%+0.0100%8h$4.1M$1.0M—as long as short
Bybit ADAUSDT−0.223%+0.0100%8h$69.2M$108.3M75xas long as short
Gate ADA_USDT−0.223%+0.0082%8h$92.5M$55.6M75xas long as short
Extended ADA-USD−0.200%+0.0104%1h$635K$1.5M50xas long as short
Binance ADAUSDT−0.182%+0.0100%8h$100.3M$345.8M75xas long as short
Bitget ADAUSDT−0.182%+0.0100%8h$63.0M$45.4M75xas long as short
BingX ADA-USDT−0.182%+0.0100%8h—$17.4M—as long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
MEXC ADA_USDT−0.141%+0.0100%8h$50.8M$60.6M300xas long as short
KuCoin ADAUSDTM−0.124%+0.0100%8h$29.9M$20.7M75xas long as short
gTrade (Gains Network) ADA/USD−0.097%L +0.0005% / S −0.0003%1h$83K—150xas long as short
OKX ADA-USDT-SWAP−0.058%+0.0100%8h$32.0M$102.4M50xas long as short
Backpack ADA_USDC_PERP−0.033%+0.0100%1h$104K$417K15xas long as short
Hyperliquid ADA−0.017%+0.0100%1h$41.3M$16.4M10xas long as short
Phemex ADAUSDTshort−0.017%+0.0100%8h$47.3M$5.7M50x
Kraken Futures PF_ADAUSD−0.015%−0.0070%1h$5.9M$11.2M50xas long as short
Aster ADAUSDT−0.011%+0.0100%8h$1.1M$1.3M75xas long as short
Lighter ADAlong0.000%+0.0096%1h$2.2M$1.0M10x
HTX ADA-USDT+0.013%+0.0100%8h$1.3M$4.6M75xas long as short
SoDEX ADA-USD+0.025%+0.0100%1h$333$13K10xas long as short
Orderly PERP_ADA_USDC+0.066%+0.0100%8h$5K$38K20xas long as short
Deribit ADA_USDC-PERPETUAL+0.074%0.0000%1h$452K$356K50xas long as short
GMX ADA/USD [WBTC.b-USDC]+0.083%L +0.0542% / S −0.0369%1h$106K—100xas long as short
Reya ADARUSDPERP+0.099%+0.0296%1h$1K—15xas long as short
Polymarket Perps ADA-USD+0.099%+0.0100%1h$92K$719K10xas long as short
SunX ADA-USDT+0.103%+0.0100%8h$9K$766K30xas long as short
Paradex ADA-USD-PERP+0.110%+0.0100%8h$20K$25020xas long as short
Derive ADA-PERP+0.116%+0.0100%1h$39K$3K5xas long as short
Phoenix ADA+0.124%+0.0066%1h$4K$103K10xas long as short
Coinbase International ADA-PERP-INTX+0.149%+0.0136%1h$455K$6.4M50xas long as short
BloFin ADA-USDT+0.149%+0.0220%8h$4.5M$6.0M75xas long as short
dYdX ADA-USD+0.163%0.0000%1h$200K$2K10xas long as short
Pacifica ADA+0.190%+0.0100%1h$158K$174K10xas long as short
Kalshi KXADAPERP+0.314%0.0000%8h$152K$5.4M3.2xas long as short