Spread before costs (cost unknown: a leg has no order-book sample)−0.001%
7d average—if it closes, per $10,000$0funding while held, a day+$11.69
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ADA-USD-PERP | 0.2435 | 0.0100 | pay 0.0100% / 8h | 5h 27m | $20K | $250 | 20x |
| Short | Deribit ADA_USDC-PERPETUAL | 0.2435 | 0.0490 | get 0.0061% / 1h | 27m 27s | $476K | $376K | 50x |
Paradex ADA-USD-PERP
Deribit ADA_USDC-PERPETUALPrice 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
- −$0.1
- Funding while held
- $11.69
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Deribit: 3.5 bp × 2 orders
- −$7
- Net
- $0.6
- Spread needed to break even
- 0.110%
Slippage unknown: Paradex: no order-book sample; Deribit: live order book, 8 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0390%
- Per $10,000 a day
- +$11.69
- 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Deribit live order book, 8 min ago | 4.11 bp | 7.6 bp −$8 | 11.7 bp −$117 | doesn't fit | doesn't fit |
Paradex: 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.Injective0.2424cheapestGate0.2431+0.289%BingX0.2432+0.330%Extended0.2432+0.345%Aster0.2433+0.362%dYdX0.2433+0.365%Bybit0.2433+0.371%MEXC0.2433+0.371%KuCoin0.2433+0.371%Pacifica0.2433+0.381%Backpack0.2434+0.404%OKX0.2434+0.413%Bitget0.2434+0.413%ApeX Omni0.2434+0.413%SoDEX0.2434+0.413%Phemex0.2434+0.413%BloFin0.2434+0.413%Binance0.2434+0.421%Polymarket Perps0.2434+0.421%GMX0.2434+0.433%Reya0.2435+0.433%Variational Omni0.2435+0.438%Kraken Futures0.2435+0.440%gTrade (Gains Network)0.2435+0.448%Lighter0.2435+0.450%Kalshi0.2435+0.454%Phoenix0.2435+0.454%Orderly0.2435+0.454%Coinbase International0.2435+0.454%
Injective
Gate
BingX
Extended
Aster
dYdX
Bybit
MEXC
KuCoin
Pacifica
Backpack
OKX
Bitget
ApeX Omni
SoDEX
Phemex
BloFin
Binance
Polymarket Perps
GMX
Reya
Variational Omni
Kraken Futures
gTrade (Gains Network)
Lighter
Phoenix
Orderly
Coinbase InternationalDeribit0.2435+0.466%
Paradex0.2435+0.467%
Hyperliquid0.2436+0.479%Derive0.2436+0.482%HTX0.2436+0.484%SunX0.2436+0.493%edgeX0.2436+0.507%
Hyperliquid
Derive
HTX
SunXADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.465% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| Gate ADA_USDT | −0.178% | +0.0100% | 8h | $95.7M | $56.0M | 75x | as long as short |
| BingX ADA-USDC | −0.136% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Extended ADA-USD | −0.121% | +0.0104% | 1h | $599K | $1.7M | 50x | as long as short |
| Aster ADAUSDT | −0.105% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| dYdX ADA-USD | −0.102% | 0.0000% | 1h | $201K | $2K | 10x | as long as short |
| Bybit ADAUSDT | −0.095% | +0.0100% | 8h | $70.2M | $99.5M | 75x | as long as short |
| MEXC ADA_USDT | −0.095% | +0.0100% | 8h | $52.7M | $57.9M | 300x | as long as short |
| KuCoin ADAUSDTM | −0.095% | +0.0100% | 8h | $30.1M | $17.6M | 75x | as long as short |
| Pacifica ADA | −0.086% | +0.0100% | 1h | $156K | $148K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Backpack ADA_USDC_PERP | −0.063% | +0.0100% | 1h | $102K | $413K | 15x | as long as short |
| OKX ADA-USDT-SWAP | −0.054% | +0.0100% | 8h | $32.2M | $103.1M | 50x | as long as short |
| Bitget ADAUSDT | −0.054% | +0.0100% | 8h | $64.4M | $41.7M | 75x | as long as short |
| ApeX Omni ADAUSDT | −0.054% | +0.0100% | 1h | $229K | $456K | 50x | as long as short |
| SoDEX ADA-USD | −0.054% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Phemex ADAUSDT | −0.054% | +0.0100% | 8h | $47.4M | $5.1M | 50x | as long as short |
| BloFin ADA-USDT | −0.054% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| Binance ADAUSDT | −0.046% | +0.0100% | 8h | $101.2M | $342.9M | 75x | as long as short |
| Polymarket Perps ADA-USD | −0.046% | +0.0100% | 1h | $91K | $727K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.034% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Reya ADARUSDPERP | −0.034% | +0.0291% | 1h | $1K | — | 15x | as long as short |
| Variational Omni ADA | −0.029% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Kraken Futures PF_ADAUSD | −0.027% | +0.0261% | 1h | $6.1M | $10.7M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.019% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Lighter ADA | −0.017% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Kalshi KXADAPERP | −0.013% | 0.0000% | 8h | $122K | $5.8M | 3.2x | as long as short |
| Phoenix ADA | −0.013% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| Orderly PERP_ADA_USDC | −0.013% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.013% | +0.0072% | 1h | $472K | $6.8M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUALshort | −0.001% | +0.0490% | 1h | $476K | $376K | 50x | |
| Paradex ADA-USD-PERPlong | 0.000% | +0.0100% | 8h | $20K | $250 | 20x | |
| Hyperliquid ADA | +0.011% | +0.0100% | 1h | $42.5M | $13.7M | 10x | as long as short |
| Derive ADA-PERP | +0.014% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| HTX ADA-USDT | +0.017% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| SunX ADA-USDT | +0.026% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| edgeX ADAUSDC | +0.039% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |