After costs, if the gap returns to its 7d average, $10k−$10
spread now+0.328%7d average0.000%fees + slippage, in and out−$43spread needed0.428%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2437 | 0.0100 | pay 0.0100% / 8h | 43m 15s | $47.7M | $5.8M | 50x |
| Short | ApeX Omni ADAUSDT | 0.2445 | 0.0100 | get 0.0013% / 1h | 43m 15s | $228K | $444K | 50x |
Phemex ADAUSDT
ApeX Omni 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
- $32.83
- Funding while held
- $0
- Slippage, 4 orders
- −$20.81
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee ApeX Omni: 5 bp × 2 orders
- −$10
- Net
- −$9.98
- Spread needed to break even
- 0.428%
Slippage from Phemex: live order book, 2 min ago; ApeX Omni: live order book, 6 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 Phemex live order book, 2 min ago | 2.04 bp | 12.1 bp −$12 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell ApeX Omni live order book, 6 min ago | 2.04 bp | 11.0 bp −$11 | 42.5 bp −$425 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestBybit0.2437+0.536%Gate0.2437+0.536%
Injective
Bybit
GatePhemex0.2437+0.536%
Binance0.2437+0.538%Extended0.2437+0.543%OKX0.2438+0.578%Bitget0.2438+0.578%BingX0.2438+0.578%SoDEX0.2438+0.578%Kraken Futures0.2438+0.578%Reya0.2438+0.585%GMX0.2438+0.596%gTrade (Gains Network)0.2439+0.606%Lighter0.2439+0.611%Deribit0.2439+0.615%MEXC0.2439+0.619%Orderly0.2439+0.619%Polymarket Perps0.2439+0.631%HTX0.2439+0.635%Kalshi0.2440+0.660%BloFin0.2440+0.660%KuCoin0.2440+0.681%Aster0.2441+0.686%dYdX0.2441+0.691%Pacifica0.2441+0.693%Hyperliquid0.2441+0.697%SunX0.2441+0.700%Coinbase International0.2441+0.701%Paradex0.2441+0.718%Backpack0.2444+0.804%Phoenix0.2444+0.804%
Binance
Extended
OKX
Bitget
BingX
SoDEX
Kraken Futures
Reya
GMX
gTrade (Gains Network)
Lighter
Deribit
MEXC
Orderly
Polymarket Perps
HTX
BloFin
KuCoin
Aster
dYdX
Pacifica
Hyperliquid
SunX
Coinbase International
Paradex
Backpack
PhoenixApeX Omni0.2445+0.866%
Derive0.2445+0.874%edgeX0.2447+0.942%Variational Omni0.2447+0.958%
Derive
Variational OmniADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.533% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Bybit ADAUSDT | 0.000% | +0.0100% | 8h | $70.9M | $110.6M | 75x | as long as short |
| Gate ADA_USDT | 0.000% | +0.0080% | 8h | $94.7M | $57.8M | 75x | as long as short |
| Phemex ADAUSDTlong | 0.000% | +0.0100% | 8h | $47.7M | $5.8M | 50x | |
| Binance ADAUSDT | +0.002% | +0.0100% | 8h | $101.9M | $362.3M | 75x | as long as short |
| Extended ADA-USD | +0.007% | +0.0104% | 1h | $617K | $1.6M | 50x | as long as short |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $32.3M | $106.9M | 50x | as long as short |
| Bitget ADAUSDT | +0.041% | +0.0100% | 8h | $64.0M | $46.8M | 75x | as long as short |
| BingX ADA-USDC | +0.041% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| SoDEX ADA-USD | +0.041% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ADAUSD | +0.041% | +0.0223% | 1h | $5.9M | $11.4M | 50x | as long as short |
| Reya ADARUSDPERP | +0.048% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.059% | L +0.0541% / S −0.0293% | 1h | $116K | — | 100x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.069% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| Lighter ADA | +0.074% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.078% | 0.0000% | 1h | $468K | $423K | 50x | as long as short |
| MEXC ADA_USDT | +0.082% | +0.0100% | 8h | $51.3M | $62.4M | 300x | as long as short |
| Orderly PERP_ADA_USDC | +0.082% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Polymarket Perps ADA-USD | +0.094% | +0.0100% | 1h | $92K | $727K | 10x | as long as short |
| HTX ADA-USDT | +0.098% | +0.0100% | 8h | $1.3M | $5.0M | 75x | as long as short |
| Kalshi KXADAPERP | +0.123% | 0.0000% | 8h | $80K | $5.8M | 3.2x | as long as short |
| BloFin ADA-USDT | +0.123% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| KuCoin ADAUSDTM | +0.144% | +0.0100% | 8h | $30.3M | $21.0M | 75x | as long as short |
| Aster ADAUSDT | +0.149% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| dYdX ADA-USD | +0.154% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| Pacifica ADA | +0.156% | +0.0100% | 1h | $163K | $180K | 10x | as long as short |
| Hyperliquid ADA | +0.160% | +0.0100% | 1h | $41.9M | $15.9M | 10x | as long as short |
| SunX ADA-USDT | +0.163% | +0.0100% | 8h | $9K | $799K | 30x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.164% | +0.0120% | 1h | $433K | $6.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.181% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Backpack ADA_USDC_PERP | +0.267% | +0.0100% | 1h | $103K | $421K | 15x | as long as short |
| Phoenix ADA | +0.267% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| ApeX Omni ADAUSDTshort | +0.328% | +0.0100% | 1h | $228K | $444K | 50x | |
| Derive ADA-PERP | +0.336% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| edgeX ADAUSDC | +0.403% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |
| Variational Omni ADA | +0.419% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |