After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.058%7d average−0.002%fees + slippage, in and out−$37spread needed0.371%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ADA | 0.2418 | 0.0100 | pay 0.0013% / 1h | 50m 15s | $159K | $168K | 10x |
| Short | Phemex ADAUSDT | 0.2419 | 0.0100 | get 0.0100% / 8h | 1h 50m | $47.4M | $5.7M | 50x |
Pacifica ADA
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
- $5.79
- Funding while held
- $0
- Slippage, 4 orders
- −$17.06
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Phemex: 6 bp × 2 orders
- −$12
- Net
- −$31.27
- Spread needed to break even
- 0.371%
Slippage from Pacifica: live order book, 4 min ago; Phemex: live order book, 5 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 Pacifica live order book, 4 min ago | 2.28 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Phemex live order book, 5 min ago | 2.06 bp | 8.1 bp −$8 | 21.1 bp −$211 | 59.9 bp −$5,995 | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2282cheapest
Phoenix0.2400+5.171%ApeX Omni0.2404+5.346%edgeX0.2406+5.416%HTX0.2409+5.586%BloFin0.2410+5.609%Backpack0.2411+5.635%Derive0.2411+5.652%Coinbase International0.2411+5.653%Variational Omni0.2412+5.692%Kalshi0.2412+5.697%dYdX0.2417+5.906%Aster0.2417+5.916%Gate0.2417+5.916%Bitget0.2417+5.916%Orderly0.2417+5.916%Extended0.2417+5.920%
Injective
Phoenix
ApeX Omni
HTX
BloFin
Backpack
Derive
Coinbase International
Variational Omni
dYdX
Aster
Gate
Bitget
Orderly
ExtendedPacifica0.2418+5.942%
GMX0.2418+5.959%Bybit0.2418+5.960%SoDEX0.2418+5.960%Paradex0.2418+5.963%Deribit0.2418+5.968%Reya0.2418+5.973%Lighter0.2418+5.973%gTrade (Gains Network)0.2418+5.977%Kraken Futures0.2419+5.991%Binance0.2419+6.004%OKX0.2419+6.004%MEXC0.2419+6.004%BingX0.2419+6.004%Polymarket Perps0.2419+6.004%
GMX
Bybit
SoDEX
Paradex
Deribit
Reya
Lighter
gTrade (Gains Network)
Kraken Futures
Binance
OKX
MEXC
BingX
Polymarket PerpsPhemex0.2419+6.004%
KuCoin0.2419+6.012%SunX0.2420+6.042%Hyperliquid0.2420+6.056%
KuCoin
SunX
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 | −5.609% | +0.0033% | 1h | $784 | $95K | 12x | as long as short |
| Phoenix ADA | −0.728% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| ApeX Omni ADAUSDT | −0.563% | +0.0100% | 1h | $93K | $319K | 50x | as long as short |
| edgeX ADAUSDC | −0.497% | +0.0100% | 4h | $64K | $352K | 20x | as long as short |
| HTX ADA-USDT | −0.336% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| BloFin ADA-USDT | −0.314% | +0.0220% | 8h | $4.5M | $6.0M | 75x | as long as short |
| Backpack ADA_USDC_PERP | −0.290% | +0.0100% | 1h | $104K | $415K | 15x | as long as short |
| Derive ADA-PERP | −0.274% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.273% | +0.0136% | 1h | $453K | $6.3M | 50x | as long as short |
| Variational Omni ADA | −0.236% | +0.0100% | 8h | $4.1M | $1.0M | — | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | −0.232% | 0.0000% | 8h | $157K | $5.4M | 3.2x | as long as short |
| dYdX ADA-USD | −0.034% | 0.0000% | 1h | $200K | $2K | 10x | as long as short |
| Aster ADAUSDT | −0.025% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
| Gate ADA_USDT | −0.025% | +0.0086% | 8h | $92.4M | $55.4M | 75x | as long as short |
| Bitget ADAUSDT | −0.025% | +0.0100% | 8h | $63.1M | $45.2M | 75x | as long as short |
| Orderly PERP_ADA_USDC | −0.025% | +0.0100% | 8h | $5K | $38K | 20x | as long as short |
| Extended ADA-USD | −0.021% | +0.0104% | 1h | $631K | $1.5M | 50x | as long as short |
| Pacifica ADAlong | 0.000% | +0.0100% | 1h | $159K | $168K | 10x | |
| GMX ADA/USD [WBTC.b-USDC] | +0.016% | L +0.0542% / S −0.0369% | 1h | $106K | — | 100x | as long as short |
| Bybit ADAUSDT | +0.017% | +0.0100% | 8h | $69.4M | $108.1M | 75x | as long as short |
| SoDEX ADA-USD | +0.017% | +0.0100% | 1h | $333 | $13K | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.020% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.025% | +0.0040% | 1h | $452K | $356K | 50x | as long as short |
| Reya ADARUSDPERP | +0.029% | +0.0296% | 1h | $1K | — | 15x | as long as short |
| Lighter ADA | +0.029% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.033% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.046% | −0.0069% | 1h | $5.9M | $11.2M | 50x | as long as short |
| Binance ADAUSDT | +0.058% | +0.0100% | 8h | $100.9M | $344.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.058% | +0.0100% | 8h | $32.0M | $102.3M | 50x | as long as short |
| MEXC ADA_USDT | +0.058% | +0.0100% | 8h | $50.8M | $60.5M | 300x | as long as short |
| BingX ADA-USDC | +0.058% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Polymarket Perps ADA-USD | +0.058% | +0.0100% | 1h | $92K | $719K | 10x | as long as short |
| Phemex ADAUSDTshort | +0.058% | +0.0100% | 8h | $47.4M | $5.7M | 50x | |
| KuCoin ADAUSDTM | +0.066% | +0.0100% | 8h | $29.9M | $20.6M | 75x | as long as short |
| SunX ADA-USDT | +0.094% | +0.0100% | 8h | $9K | $765K | 30x | as long as short |
| Hyperliquid ADA | +0.108% | +0.0100% | 1h | $41.4M | $16.3M | 10x | as long as short |