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Price arb /

ADA

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Spread before costs (cost unknown: a leg has no order-book sample)+2.534%
7d average—if it closes, per $10,000$253funding while held, a day+$739.56
Long on OrderlyShort on Deribit
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongOrderly PERP_ADA_USDC0.24310.0100pay 0.0100% / 8h6h 31m$6K$36K20x
ShortDeribit ADA_USDC-PERPETUAL0.24932.4752get 0.3094% / 1h31m 45s$486K$385K50x

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
$253.39
Funding while held
$739.56
Slippage, 4 orders
no order book: not counted
Fee Orderly: 3 bp × 2 orders
−$6
Fee Deribit: 3.5 bp × 2 orders
−$7
Net
$979.95
Spread needed to break even
0.130%
Slippage unknown: Orderly: no order-book sample; Deribit: live order book, 9 min ago. Net counts fees only.

Cost of waiting

funding view
Funding /8h
+2.4652%
Per $10,000 a day
+$739.56
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 Orderly no order-book sample—————
Sell Deribit live order book, 9 min ago3.50 bp8.4 bp −$815.0 bp −$150doesn't fitdoesn't fit
Orderly: 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.
Injective0.2424cheapestVariational Omni0.2429+0.193%Reya0.2430+0.228%Polymarket Perps0.2430+0.235%Phoenix0.2430+0.243%Gate0.2430+0.248%Paradex0.2430+0.253%HTX0.2430+0.264%GMX0.2431+0.288%BingX0.2431+0.289%Kalshi0.2431+0.289%
Orderly0.2431+0.289%
Coinbase International0.2431+0.289%gTrade (Gains Network)0.2431+0.290%Derive0.2432+0.312%SoDEX0.2432+0.326%Bybit0.2432+0.330%MEXC0.2432+0.330%KuCoin0.2432+0.330%Bitget0.2432+0.330%edgeX0.2432+0.333%Aster0.2432+0.338%dYdX0.2432+0.341%Backpack0.2432+0.351%Kraken Futures0.2433+0.360%Pacifica0.2433+0.366%SunX0.2433+0.370%Extended0.2433+0.371%Binance0.2433+0.371%Phemex0.2433+0.371%BloFin0.2433+0.371%Hyperliquid0.2433+0.384%Lighter0.2434+0.404%OKX0.2434+0.413%ApeX Omni0.2436+0.495%
Deribit0.2493+2.830%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.288%+0.0033%1h$832$103K12xas long as short
Variational Omni ADA−0.095%+0.0100%8h$4.2M$1.0M—as long as short
Reya ADARUSDPERP−0.060%+0.0292%1h$1K—15xas long as short
Polymarket Perps ADA-USD−0.053%+0.0100%1h$92K$729K10xas long as short
Phoenix ADA−0.045%+0.0164%1h$4K$94K10xas long as short
Gate ADA_USDT−0.041%+0.0100%8h$94.4M$54.7M75xas long as short
Paradex ADA-USD-PERP−0.036%+0.0100%8h$20K$25020xas long as short
HTX ADA-USDT−0.025%+0.0100%8h$1.3M$4.5M75xas long as short
GMX ADA/USD [WBTC.b-USDC]−0.001%L +0.0520% / S −0.0276%1h$112K—100xas long as short
BingX ADA-USDC0.000%+0.0100%8h—$6.5M—as long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Kalshi KXADAPERP0.000%0.0000%8h$139K$5.8M3.2xas long as short
Orderly PERP_ADA_USDClong0.000%+0.0100%8h$6K$36K20x
Coinbase International ADA-PERP-INTX0.000%+0.0080%1h$473K$6.7M50xas long as short
gTrade (Gains Network) ADA/USD+0.001%L +0.0005% / S −0.0003%1h$83K—150xas long as short
Derive ADA-PERP+0.023%+0.0100%1h$39K$3K5xas long as short
SoDEX ADA-USD+0.037%+0.0100%1h$334$13K10xas long as short
Bybit ADAUSDT+0.041%+0.0100%8h$71.0M$100.2M75xas long as short
MEXC ADA_USDT+0.041%+0.0100%8h$51.8M$59.7M300xas long as short
KuCoin ADAUSDTM+0.041%+0.0100%8h$30.0M$17.8M75xas long as short
Bitget ADAUSDT+0.041%+0.0100%8h$64.2M$42.7M75xas long as short
edgeX ADAUSDC+0.044%+0.0100%4h$65K$278K20xas long as short
Aster ADAUSDT+0.049%+0.0100%8h$1.1M$1.1M75xas long as short
dYdX ADA-USD+0.052%+0.0084%1h$201K$2K10xas long as short
Backpack ADA_USDC_PERP+0.062%+0.0100%1h$103K$411K15xas long as short
Kraken Futures PF_ADAUSD+0.071%+0.0354%1h$6.1M$10.7M50xas long as short
Pacifica ADA+0.077%+0.0100%1h$156K$162K10xas long as short
SunX ADA-USDT+0.081%+0.0100%8h$9K$756K30xas long as short
Extended ADA-USD+0.082%+0.0104%1h$609K$1.7M50xas long as short
Binance ADAUSDT+0.082%+0.0100%8h$101.2M$341.5M75xas long as short
Phemex ADAUSDT+0.082%+0.0100%8h$47.5M$5.7M50xas long as short
BloFin ADA-USDT+0.082%+0.0220%8h$4.4M$5.6M75xas long as short
Hyperliquid ADA+0.095%+0.0100%1h$42.5M$13.5M10xas long as short
Lighter ADA+0.115%+0.0096%1h$2.4M$1.2M10xas long as short
OKX ADA-USDT-SWAP+0.123%+0.0100%8h$32.2M$102.5M50xas long as short
ApeX Omni ADAUSDT+0.206%+0.0100%1h$228K$453K50xas long as short
Deribit ADA_USDC-PERPETUALshort+2.534%+2.4752%1h$486K$385K50x