After costs, if the gap returns to its 7d average, $10k−$41
spread now−0.041%7d average−0.002%fees + slippage, in and out−$37spread needed0.374%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | OKX ADA-USDT-SWAP | 0.2457 | 0.0100 | pay 0.0100% / 8h | 7h 57m | $32.2M | $109.3M | 50x |
| Short | Phemex ADAUSDT | 0.2456 | 0.0100 | get 0.0100% / 8h | 7h 57m | $48.0M | $5.9M | 50x |
OKX ADA-USDT-SWAP
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
- −$4.07
- Funding while held
- $0
- Slippage, 4 orders
- −$15.36
- Fee OKX: 5 bp × 2 orders
- −$10
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$41.43
- Spread needed to break even
- 0.374%
Slippage from OKX: live order book, 3 min ago; Phemex: live order book, 3 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 OKX live order book, 3 min ago | 2.04 bp | 9.9 bp −$10 | 13.8 bp −$138 | 43.1 bp −$4,309 | doesn't fit |
| Sell Phemex live order book, 3 min ago | 2.04 bp | 8.1 bp −$8 | 18.3 bp −$183 | 56.7 bp −$5,675 | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestApeX Omni0.2445+0.866%Variational Omni0.2446+0.887%Derive0.2447+0.949%edgeX0.2448+1.005%Phoenix0.2450+1.056%BloFin0.2451+1.114%Extended0.2451+1.132%SoDEX0.2452+1.147%SunX0.2452+1.153%dYdX0.2452+1.154%Gate0.2452+1.155%Orderly0.2452+1.155%Pacifica0.2452+1.158%Reya0.2452+1.171%GMX0.2453+1.178%Polymarket Perps0.2453+1.184%gTrade (Gains Network)0.2453+1.192%Deribit0.2453+1.196%Lighter0.2453+1.213%Aster0.2453+1.215%Paradex0.2454+1.218%MEXC0.2454+1.238%Coinbase International0.2454+1.238%HTX0.2454+1.242%KuCoin0.2455+1.271%Hyperliquid0.2455+1.275%Bybit0.2455+1.279%Kalshi0.2455+1.279%Kraken Futures0.2455+1.290%Backpack0.2456+1.316%Binance0.2456+1.320%Bitget0.2456+1.320%
Injective
ApeX Omni
Variational Omni
Derive
Phoenix
BloFin
Extended
SoDEX
SunX
dYdX
Gate
Orderly
Pacifica
Reya
GMX
Polymarket Perps
gTrade (Gains Network)
Deribit
Lighter
Aster
Paradex
MEXC
Coinbase International
HTX
KuCoin
Hyperliquid
Bybit
Kraken Futures
Backpack
Binance
BitgetPhemex0.2456+1.320%
OKX0.2457+1.361%
BingX0.2457+1.361%
BingXADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.343% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.488% | +0.0100% | 1h | $228K | $451K | 50x | as long as short |
| Variational Omni ADA | −0.468% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Derive ADA-PERP | −0.407% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| edgeX ADAUSDC | −0.351% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| Phoenix ADA | −0.301% | +0.0131% | 1h | $4K | $102K | 10x | as long as short |
| BloFin ADA-USDT | −0.244% | +0.0220% | 8h | $4.4M | $6.3M | 75x | as long as short |
| Extended ADA-USD | −0.226% | +0.0104% | 1h | $608K | $1.7M | 50x | as long as short |
| SoDEX ADA-USD | −0.212% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| SunX ADA-USDT | −0.205% | +0.0100% | 8h | $9K | $809K | 30x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | −0.204% | 0.0000% | 1h | $203K | $2K | 10x | as long as short |
| Gate ADA_USDT | −0.204% | −0.0164% | 8h | $95.4M | $55.5M | 75x | as long as short |
| Orderly PERP_ADA_USDC | −0.204% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Pacifica ADA | −0.201% | +0.0100% | 1h | $161K | $180K | 10x | as long as short |
| Reya ADARUSDPERP | −0.188% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.181% | L +0.0536% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Polymarket Perps ADA-USD | −0.175% | +0.0100% | 1h | $94K | $735K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.167% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.163% | +0.0076% | 1h | $470K | $423K | 50x | as long as short |
| Lighter ADA | −0.147% | +0.0096% | 1h | $2.3M | $983K | 10x | as long as short |
| Aster ADAUSDT | −0.145% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
| Paradex ADA-USD-PERP | −0.141% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| MEXC ADA_USDT | −0.122% | +0.0100% | 8h | $52.0M | $62.4M | 300x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.122% | +0.0112% | 1h | $440K | $6.9M | 50x | as long as short |
| HTX ADA-USDT | −0.118% | +0.0100% | 8h | $1.3M | $5.3M | 75x | as long as short |
| KuCoin ADAUSDTM | −0.090% | +0.0100% | 8h | $30.1M | $21.2M | 75x | as long as short |
| Hyperliquid ADA | −0.085% | +0.0100% | 1h | $42.5M | $16.5M | 10x | as long as short |
| Bybit ADAUSDT | −0.081% | +0.0100% | 8h | $71.8M | $112.1M | 75x | as long as short |
| Kalshi KXADAPERP | −0.081% | 0.0000% | 8h | $88K | $5.8M | 3.2x | as long as short |
| Kraken Futures PF_ADAUSD | −0.071% | +0.0139% | 1h | $6.0M | $11.3M | 50x | as long as short |
| Backpack ADA_USDC_PERP | −0.045% | +0.0100% | 1h | $103K | $430K | 15x | as long as short |
| Binance ADAUSDT | −0.041% | +0.0100% | 8h | $102.1M | $367.2M | 75x | as long as short |
| Bitget ADAUSDT | −0.041% | +0.0100% | 8h | $64.8M | $47.1M | 75x | as long as short |
| Phemex ADAUSDTshort | −0.041% | +0.0100% | 8h | $48.0M | $5.9M | 50x | |
| OKX ADA-USDT-SWAPlong | 0.000% | +0.0100% | 8h | $32.2M | $109.3M | 50x | |
| BingX ADA-USDT | 0.000% | +0.0100% | 8h | — | $18.6M | — | as long as short |