data as of
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Price arb /

ADA

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After costs, if the gap returns to its 7d average, $10k−$15
spread now+0.053%7d average−0.022%fees + slippage, in and out−$23spread needed0.228%
Long on MEXCShort on Lighter
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongMEXC ADA_USDT0.24390.0100pay 0.0100% / 8h42m 39s$51.7M$62.5M300x
ShortLighter ADA0.24400.0096get 0.0012% / 1h42m 39s$2.3M$1.0M10x

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
$5.33
Funding while held
−$0.12
Slippage, 4 orders
−$22.82
Fee MEXC: 0 bp × 2 orders
$0
Fee Lighter: 0 bp × 2 orders
$0
Net
−$17.61
Spread needed to break even
0.228%
Slippage from MEXC: live order book, 3 min ago; Lighter: live order book, 6 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 MEXC live order book, 3 min ago2.04 bp4.5 bp −$46.8 bp −$6822.4 bp −$2,23787.3 bp −$43.7K
Sell Lighter live order book, 6 min ago2.65 bp9.2 bp −$917.3 bp −$17350.0 bp −$4,997doesn't fit

ADA price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2424cheapestPhemex0.2437+0.536%Extended0.2438+0.564%Bybit0.2438+0.578%Gate0.2438+0.578%SoDEX0.2438+0.578%Kraken Futures0.2438+0.578%Reya0.2438+0.585%Backpack0.2438+0.590%GMX0.2438+0.596%gTrade (Gains Network)0.2439+0.606%Aster0.2439+0.614%Deribit0.2439+0.615%
MEXC0.2439+0.619%
Bitget0.2439+0.619%BingX0.2439+0.619%Orderly0.2439+0.619%dYdX0.2439+0.620%Derive0.2439+0.625%Polymarket Perps0.2439+0.631%HTX0.2439+0.635%KuCoin0.2440+0.648%Pacifica0.2440+0.651%Paradex0.2440+0.658%OKX0.2440+0.660%Kalshi0.2440+0.660%BloFin0.2440+0.660%Binance0.2440+0.664%
Lighter0.2440+0.672%
Hyperliquid0.2441+0.685%SunX0.2441+0.700%Coinbase International0.2441+0.701%Phoenix0.2444+0.804%ApeX Omni0.2445+0.866%edgeX0.2447+0.942%Variational Omni0.2447+0.958%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.615%+0.0558%1h$832$124K12xas long as short
Phemex ADAUSDT−0.082%+0.0100%8h$47.7M$5.8M50xas long as short
Extended ADA-USD−0.054%+0.0104%1h$615K$1.6M50xas long as short
Bybit ADAUSDT−0.041%+0.0100%8h$70.5M$111.0M75xas long as short
Gate ADA_USDT−0.041%+0.0080%8h$94.6M$57.9M75xas long as short
SoDEX ADA-USD−0.041%+0.0100%1h$335$13K10xas long as short
Kraken Futures PF_ADAUSD−0.041%+0.0223%1h$5.9M$11.4M50xas long as short
Reya ADARUSDPERP−0.034%+0.0295%1h$1K—15xas long as short
Backpack ADA_USDC_PERP−0.029%+0.0100%1h$103K$421K15xas long as short
GMX ADA/USD [WBTC.b-USDC]−0.023%L +0.0541% / S −0.0293%1h$116K—100xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
gTrade (Gains Network) ADA/USD−0.013%L +0.0005% / S −0.0003%1h$89K—150xas long as short
Aster ADAUSDT−0.005%+0.0100%8h$1.1M$1.4M75xas long as short
Deribit ADA_USDC-PERPETUAL−0.004%0.0000%1h$468K$423K50xas long as short
MEXC ADA_USDTlong0.000%+0.0100%8h$51.7M$62.5M300x
Bitget ADAUSDT0.000%+0.0100%8h$64.1M$46.8M75xas long as short
BingX ADA-USDT0.000%+0.0100%8h—$18.4M—as long as short
Orderly PERP_ADA_USDC0.000%+0.0100%8h$6K$36K20xas long as short
dYdX ADA-USD+0.001%0.0000%1h$202K$2K10xas long as short
Derive ADA-PERP+0.006%+0.0100%1h$40K$3K5xas long as short
Polymarket Perps ADA-USD+0.012%+0.0100%1h$92K$727K10xas long as short
HTX ADA-USDT+0.016%+0.0100%8h$1.3M$5.0M75xas long as short
KuCoin ADAUSDTM+0.029%+0.0100%8h$30.2M$21.0M75xas long as short
Pacifica ADA+0.032%+0.0100%1h$163K$180K10xas long as short
Paradex ADA-USD-PERP+0.039%+0.0100%8h$20K$25020xas long as short
OKX ADA-USDT-SWAP+0.041%+0.0100%8h$32.2M$106.8M50xas long as short
Kalshi KXADAPERP+0.041%0.0000%8h$80K$5.8M3.2xas long as short
BloFin ADA-USDT+0.041%+0.0220%8h$4.5M$6.2M75xas long as short
Binance ADAUSDT+0.045%+0.0100%8h$102.0M$362.5M75xas long as short
Lighter ADAshort+0.053%+0.0096%1h$2.3M$1.0M10x
Hyperliquid ADA+0.066%+0.0100%1h$41.9M$15.9M10xas long as short
SunX ADA-USDT+0.081%+0.0100%8h$9K$799K30xas long as short
Coinbase International ADA-PERP-INTX+0.082%+0.0120%1h$433K$6.8M50xas long as short
Phoenix ADA+0.185%+0.0066%1h$4K$103K10xas long as short
ApeX Omni ADAUSDT+0.246%+0.0100%1h$228K$444K50xas long as short
edgeX ADAUSDC+0.321%+0.0100%4h$65K$277K20xas long as short
Variational Omni ADA+0.337%+0.0100%8h$4.2M$1.0M—as long as short