Spread before costs (cost unknown: a leg has no order-book sample)−0.107%
7d average—if it closes, per $10,000$11funding while held, a day+$5.25
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ADA-USD-PERP | 0.2431 | 0.0101 | pay 0.0101% / 8h | 6h 16m | $20K | $250 | 20x |
| Short | GMX ADA/USD [WBTC.b-USDC] | 0.2428 | L +0.0520% / S −0.0276% | get 0.0034% / 1h | 16m 12s | $112K | — | 100x |
Paradex ADA-USD-PERP
GMX ADA/USD [WBTC.b-USDC]Price 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
- −$10.65
- Funding while held
- $5.25
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$21.4
- Spread needed to break even
- 0.160%
Slippage unknown: Paradex: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0175%
- Per $10,000 a day
- +$5.25
- 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 GMX no order-book sample | — | — | — | — | — |
Paradex and GMX: 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.Injective0.2424cheapestBybit0.2427+0.124%Gate0.2428+0.165%MEXC0.2428+0.165%Bitget0.2428+0.165%Orderly0.2428+0.165%Phemex0.2428+0.165%
Injective
Bybit
Gate
MEXC
Bitget
Orderly
PhemexGMX0.2428+0.166%
Extended0.2428+0.168%gTrade (Gains Network)0.2428+0.174%Binance0.2428+0.178%SoDEX0.2429+0.186%Derive0.2429+0.189%OKX0.2429+0.206%BingX0.2429+0.206%Coinbase International0.2429+0.206%Kraken Futures0.2429+0.210%Reya0.2429+0.211%Aster0.2429+0.213%Deribit0.2429+0.223%Lighter0.2429+0.227%Polymarket Perps0.2430+0.239%dYdX0.2430+0.257%HTX0.2430+0.262%KuCoin0.2430+0.268%
Extended
gTrade (Gains Network)
Binance
SoDEX
Derive
OKX
BingX
Coinbase International
Kraken Futures
Reya
Aster
Deribit
Lighter
Polymarket Perps
dYdX
HTX
KuCoinParadex0.2431+0.273%
Pacifica0.2431+0.273%Hyperliquid0.2431+0.293%SunX0.2432+0.330%Kalshi0.2433+0.371%BloFin0.2434+0.413%ApeX Omni0.2435+0.454%Backpack0.2436+0.479%Variational Omni0.2437+0.524%Phoenix0.2437+0.553%edgeX0.2439+0.619%
Pacifica
Hyperliquid
SunX
BloFin
ApeX Omni
Backpack
Variational Omni
PhoenixADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.272% | +0.0033% | 1h | $832 | $103K | 12x | as long as short |
| Bybit ADAUSDT | −0.148% | +0.0100% | 8h | $70.9M | $98.3M | 75x | as long as short |
| Gate ADA_USDT | −0.107% | +0.0100% | 8h | $94.4M | $55.0M | 75x | as long as short |
| MEXC ADA_USDT | −0.107% | +0.0100% | 8h | $52.3M | $60.4M | 300x | as long as short |
| Bitget ADAUSDT | −0.107% | +0.0100% | 8h | $64.2M | $41.7M | 75x | as long as short |
| Orderly PERP_ADA_USDC | −0.107% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.107% | +0.0100% | 8h | $47.4M | $5.3M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]short | −0.107% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | |
| Extended ADA-USD | −0.104% | +0.0104% | 1h | $606K | $1.7M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.099% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | −0.094% | +0.0100% | 8h | $101.0M | $340.4M | 75x | as long as short |
| SoDEX ADA-USD | −0.087% | +0.0100% | 1h | $334 | $13K | 10x | as long as short |
| Derive ADA-PERP | −0.084% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| OKX ADA-USDT-SWAP | −0.066% | +0.0100% | 8h | $32.2M | $101.7M | 50x | as long as short |
| BingX ADA-USDT | −0.066% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| Coinbase International ADA-PERP-INTX | −0.066% | +0.0080% | 1h | $473K | $6.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | −0.063% | +0.0355% | 1h | $6.1M | $10.6M | 50x | as long as short |
| Reya ADARUSDPERP | −0.062% | +0.0292% | 1h | $1K | — | 15x | as long as short |
| Aster ADAUSDT | −0.060% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.050% | +0.0327% | 1h | $474K | $383K | 50x | as long as short |
| Lighter ADA | −0.046% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Polymarket Perps ADA-USD | −0.033% | +0.0100% | 1h | $92K | $726K | 10x | as long as short |
| dYdX ADA-USD | −0.016% | +0.0055% | 1h | $201K | $2K | 10x | as long as short |
| HTX ADA-USDT | −0.011% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| KuCoin ADAUSDTM | −0.004% | +0.0100% | 8h | $30.0M | $17.6M | 75x | as long as short |
| Paradex ADA-USD-PERPlong | 0.000% | +0.0101% | 8h | $20K | $250 | 20x | |
| Pacifica ADA | 0.000% | +0.0100% | 1h | $156K | $153K | 10x | as long as short |
| Hyperliquid ADA | +0.020% | +0.0100% | 1h | $42.9M | $13.6M | 10x | as long as short |
| SunX ADA-USDT | +0.057% | +0.0100% | 8h | $9K | $749K | 30x | as long as short |
| Kalshi KXADAPERP | +0.098% | 0.0000% | 8h | $150K | $5.8M | 3.2x | as long as short |
| BloFin ADA-USDT | +0.140% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| ApeX Omni ADAUSDT | +0.181% | +0.0100% | 1h | $228K | $453K | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.205% | +0.0100% | 1h | $101K | $408K | 15x | as long as short |
| Variational Omni ADA | +0.251% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | +0.279% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
| edgeX ADAUSDC | +0.346% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |