Spread before costs (cost unknown: a leg has no order-book sample)+0.041%
7d average—if it closes, per $10,000$4funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Orderly PERP_ADA_USDC | 0.2440 | 0.0100 | pay 0.0100% / 8h | 7h 12m | $6K | $36K | 20x |
| Short | MEXC ADA_USDT | 0.2441 | 0.0100 | get 0.0100% / 8h | 7h 12m | $51.6M | $63.7M | 300x |
Orderly PERP_ADA_USDC
MEXC ADA_USDTPrice 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
- $4.1
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Orderly: 3 bp × 2 orders
- −$6
- Fee MEXC: 0 bp × 2 orders
- $0
- Net
- −$1.9
- Spread needed to break even
- 0.060%
Slippage unknown: Orderly: no order-book sample; MEXC: live order book, 2 min ago. Net counts fees only.
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 Orderly no order-book sample | — | — | — | — | — |
| Sell MEXC live order book, 2 min ago | 2.05 bp | 2.1 bp −$2 | 5.3 bp −$53 | 14.9 bp −$1,491 | 44.1 bp −$22.1K |
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 Omni0.2435+0.439%ApeX Omni0.2437+0.536%edgeX0.2438+0.571%Coinbase International0.2438+0.578%GMX0.2439+0.614%gTrade (Gains Network)0.2439+0.634%Pacifica0.2440+0.650%Polymarket Perps0.2440+0.652%Derive0.2440+0.660%Kalshi0.2440+0.660%
Injective
Variational Omni
ApeX Omni
Coinbase International
GMX
gTrade (Gains Network)
Pacifica
Polymarket Perps
DeriveOrderly0.2440+0.660%
Phemex0.2440+0.660%Reya0.2440+0.667%dYdX0.2440+0.671%KuCoin0.2440+0.672%Paradex0.2440+0.677%SoDEX0.2440+0.681%Lighter0.2441+0.697%Gate0.2441+0.701%
Phemex
Reya
dYdX
KuCoin
Paradex
SoDEX
Lighter
GateMEXC0.2441+0.701%
Deribit0.2441+0.701%BloFin0.2441+0.701%Phoenix0.2441+0.714%Aster0.2441+0.719%SunX0.2442+0.740%Kraken Futures0.2442+0.740%Bybit0.2442+0.743%BingX0.2442+0.743%Backpack0.2443+0.784%HTX0.2443+0.793%Binance0.2444+0.805%Extended0.2444+0.815%OKX0.2444+0.825%Bitget0.2444+0.825%Hyperliquid0.2444+0.829%
Deribit
BloFin
Phoenix
Aster
SunX
Kraken Futures
Bybit
BingX
Backpack
HTX
Binance
Extended
OKX
Bitget
HyperliquidADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.656% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.220% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| ApeX Omni ADAUSDT | −0.123% | +0.0100% | 1h | $227K | $452K | 50x | as long as short |
| edgeX ADAUSDC | −0.088% | +0.0100% | 4h | $65K | $279K | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.082% | +0.0112% | 1h | $488K | $7.0M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.045% | L +0.0521% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.026% | L +0.0005% / S −0.0003% | 1h | $86K | — | 150x | as long as short |
| Pacifica ADA | −0.010% | +0.0100% | 1h | $159K | $173K | 10x | as long as short |
| Polymarket Perps ADA-USD | −0.008% | +0.0100% | 1h | $92K | $735K | 10x | as long as short |
| Derive ADA-PERP | 0.000% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.000% | 0.0000% | 8h | $84K | $5.7M | 3.2x | as long as short |
| Orderly PERP_ADA_USDClong | 0.000% | +0.0100% | 8h | $6K | $36K | 20x | |
| Phemex ADAUSDT | 0.000% | +0.0100% | 8h | $47.6M | $5.9M | 50x | as long as short |
| Reya ADARUSDPERP | +0.007% | +0.0293% | 1h | $1K | — | 15x | as long as short |
| dYdX ADA-USD | +0.011% | +0.0073% | 1h | $202K | $2K | 10x | as long as short |
| KuCoin ADAUSDTM | +0.012% | +0.0100% | 8h | $30.1M | $19.8M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.017% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| SoDEX ADA-USD | +0.020% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| Lighter ADA | +0.037% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| Gate ADA_USDT | +0.041% | +0.0100% | 8h | $95.0M | $57.3M | 75x | as long as short |
| MEXC ADA_USDTshort | +0.041% | +0.0100% | 8h | $51.6M | $63.7M | 300x | |
| Deribit ADA_USDC-PERPETUAL | +0.041% | +0.0488% | 1h | $478K | $400K | 50x | as long as short |
| BloFin ADA-USDT | +0.041% | +0.0220% | 8h | $4.4M | $6.2M | 75x | as long as short |
| Phoenix ADA | +0.053% | +0.0131% | 1h | $4K | $103K | 10x | as long as short |
| Aster ADAUSDT | +0.059% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| SunX ADA-USDT | +0.080% | +0.0100% | 8h | $9K | $778K | 30x | as long as short |
| Kraken Futures PF_ADAUSD | +0.080% | +0.0140% | 1h | $6.0M | $11.1M | 50x | as long as short |
| Bybit ADAUSDT | +0.082% | +0.0100% | 8h | $71.4M | $106.9M | 75x | as long as short |
| BingX ADA-USDC | +0.082% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.123% | +0.0100% | 1h | $100K | $422K | 15x | as long as short |
| HTX ADA-USDT | +0.132% | +0.0100% | 8h | $1.3M | $4.9M | 75x | as long as short |
| Binance ADAUSDT | +0.144% | +0.0100% | 8h | $101.8M | $355.0M | 75x | as long as short |
| Extended ADA-USD | +0.154% | +0.0104% | 1h | $597K | $1.7M | 50x | as long as short |
| OKX ADA-USDT-SWAP | +0.164% | +0.0100% | 8h | $32.5M | $106.6M | 50x | as long as short |
| Bitget ADAUSDT | +0.164% | +0.0100% | 8h | $64.8M | $44.9M | 75x | as long as short |
| Hyperliquid ADA | +0.168% | +0.0100% | 1h | $42.7M | $14.9M | 10x | as long as short |