After costs, if the gap returns to its 7d average, $10k−$44
spread now−0.082%7d average−0.016%fees + slippage, in and out−$37spread needed0.371%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2447 | 0.0100 | pay 0.0100% / 8h | 1h 02m | $47.9M | $5.8M | 50x |
| Short | Bybit ADAUSDT | 0.2445 | 0.0100 | get 0.0100% / 8h | 1h 02m | $70.8M | $109.8M | 75x |
Phemex ADAUSDT
Bybit 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
- −$8.17
- Funding while held
- $0
- Slippage, 4 orders
- −$14.12
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$45.29
- Spread needed to break even
- 0.371%
Slippage from Phemex: live order book, 3 min ago; Bybit: live order book, 3 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, 3 min ago | 4.09 bp | 10.4 bp −$10 | 23.4 bp −$234 | 50.7 bp −$5,066 | doesn't fit |
| Sell Bybit live order book, 3 min ago | 2.04 bp | 7.8 bp −$8 | 14.8 bp −$148 | 52.1 bp −$5,209 | 225.3 bp −$112.7K |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestApeX Omni0.2442+0.743%edgeX0.2444+0.822%Gate0.2444+0.825%Extended0.2445+0.860%
Injective
ApeX Omni
Gate
ExtendedBybit0.2445+0.866%
BingX0.2445+0.866%Orderly0.2445+0.866%gTrade (Gains Network)0.2445+0.880%dYdX0.2446+0.889%GMX0.2446+0.890%Deribit0.2446+0.895%Paradex0.2446+0.899%Derive0.2446+0.902%KuCoin0.2446+0.903%OKX0.2446+0.908%MEXC0.2446+0.908%Bitget0.2446+0.908%BloFin0.2446+0.908%Reya0.2446+0.909%Variational Omni0.2446+0.910%Pacifica0.2446+0.911%SoDEX0.2447+0.928%Polymarket Perps0.2447+0.932%Binance0.2447+0.936%Aster0.2447+0.947%Kraken Futures0.2447+0.948%Kalshi0.2447+0.949%
BingX
Orderly
gTrade (Gains Network)
dYdX
GMX
Deribit
Paradex
Derive
KuCoin
OKX
MEXC
Bitget
BloFin
Reya
Variational Omni
Pacifica
SoDEX
Polymarket Perps
Binance
Aster
Kraken FuturesPhemex0.2447+0.949%
Lighter0.2448+0.974%HTX0.2448+0.976%Backpack0.2448+0.982%Hyperliquid0.2448+0.990%Phoenix0.2448+0.994%SunX0.2449+1.030%Coinbase International0.2449+1.031%
Lighter
HTX
Backpack
Hyperliquid
Phoenix
SunX
Coinbase InternationalADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.940% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.204% | +0.0100% | 1h | $228K | $433K | 50x | as long as short |
| edgeX ADAUSDC | −0.126% | +0.0100% | 4h | $65K | $353K | 20x | as long as short |
| Gate ADA_USDT | −0.123% | +0.0075% | 8h | $94.1M | $57.6M | 75x | as long as short |
| Extended ADA-USD | −0.088% | +0.0104% | 1h | $635K | $1.6M | 50x | as long as short |
| Bybit ADAUSDTshort | −0.082% | +0.0100% | 8h | $70.8M | $109.8M | 75x | |
| BingX ADA-USDT | −0.082% | +0.0100% | 8h | — | $18.1M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.082% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.068% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| dYdX ADA-USD | −0.059% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX ADA/USD [WBTC.b-USDC] | −0.058% | L +0.0543% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.053% | +0.0036% | 1h | $464K | $397K | 50x | as long as short |
| Paradex ADA-USD-PERP | −0.049% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Derive ADA-PERP | −0.047% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| KuCoin ADAUSDTM | −0.045% | +0.0100% | 8h | $30.3M | $21.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.041% | +0.0100% | 8h | $32.5M | $105.8M | 50x | as long as short |
| MEXC ADA_USDT | −0.041% | +0.0100% | 8h | $51.2M | $62.6M | 300x | as long as short |
| Bitget ADAUSDT | −0.041% | +0.0100% | 8h | $64.1M | $46.4M | 75x | as long as short |
| BloFin ADA-USDT | −0.041% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| Reya ADARUSDPERP | −0.039% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| Variational Omni ADA | −0.039% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Pacifica ADA | −0.037% | +0.0100% | 1h | $159K | $174K | 10x | as long as short |
| SoDEX ADA-USD | −0.020% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| Polymarket Perps ADA-USD | −0.016% | +0.0100% | 1h | $94K | $722K | 10x | as long as short |
| Binance ADAUSDT | −0.013% | +0.0100% | 8h | $102.6M | $355.4M | 75x | as long as short |
| Aster ADAUSDT | −0.002% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | −0.001% | −0.0069% | 1h | $6.0M | $11.3M | 50x | as long as short |
| Kalshi KXADAPERP | 0.000% | 0.0000% | 8h | $117K | $5.6M | 3.2x | as long as short |
| Phemex ADAUSDTlong | 0.000% | +0.0100% | 8h | $47.9M | $5.8M | 50x | |
| Lighter ADA | +0.025% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| HTX ADA-USDT | +0.027% | +0.0100% | 8h | $1.3M | $4.9M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.033% | +0.0100% | 1h | $103K | $418K | 15x | as long as short |
| Hyperliquid ADA | +0.041% | +0.0100% | 1h | $41.8M | $15.7M | 10x | as long as short |
| Phoenix ADA | +0.045% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| SunX ADA-USDT | +0.081% | +0.0100% | 8h | $9K | $785K | 30x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.082% | +0.0136% | 1h | $424K | $6.8M | 50x | as long as short |