After costs, if the gap returns to its 7d average, $10k$0
spread now+0.408%7d average−0.033%fees + slippage, in and out−$44spread needed0.443%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2451 | 0.0100 | pay 0.0100% / 8h | 47m 50s | $48.0M | $5.8M | 50x |
| Short | Coinbase International ADA-PERP-INTX | 0.2461 | 0.0120 | get 0.0015% / 1h | 47m 50s | $435K | $6.9M | 50x |
Phemex ADAUSDT
Coinbase International ADA-PERP-INTXPrice 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
- $40.8
- Funding while held
- $0.6
- Slippage, 4 orders
- −$22.32
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$2.92
- Spread needed to break even
- 0.443%
Slippage from Phemex: live order book, 3 min ago; Coinbase International: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0020%
- Per $10,000 a day
- +$0.60
- 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 | 2.03 bp | 12.0 bp −$12 | 28.2 bp −$282 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 3 min ago | 6.10 bp | 11.7 bp −$12 | 19.2 bp −$192 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestBybit0.2444+0.825%OKX0.2444+0.825%Bitget0.2444+0.825%Gate0.2446+0.908%BingX0.2446+0.908%Hyperliquid0.2446+0.919%MEXC0.2447+0.949%Extended0.2447+0.950%Binance0.2447+0.954%Variational Omni0.2447+0.957%KuCoin0.2449+1.035%Reya0.2450+1.078%SoDEX0.2451+1.101%Polymarket Perps0.2451+1.110%GMX0.2451+1.112%Orderly0.2451+1.114%
Injective
Bybit
OKX
Bitget
Gate
BingX
Hyperliquid
MEXC
Extended
Binance
Variational Omni
KuCoin
Reya
SoDEX
Polymarket Perps
GMX
OrderlyPhemex0.2451+1.114%
Aster0.2451+1.120%Backpack0.2451+1.126%Pacifica0.2452+1.134%gTrade (Gains Network)0.2452+1.136%dYdX0.2452+1.137%Kraken Futures0.2452+1.137%Deribit0.2452+1.139%Paradex0.2452+1.141%Kalshi0.2452+1.155%SunX0.2452+1.155%Lighter0.2452+1.172%HTX0.2453+1.190%BloFin0.2454+1.238%edgeX0.2454+1.251%ApeX Omni0.2455+1.279%Derive0.2460+1.466%
Aster
Backpack
Pacifica
gTrade (Gains Network)
dYdX
Kraken Futures
Deribit
Paradex
SunX
Lighter
HTX
BloFin
ApeX Omni
DeriveCoinbase International0.2461+1.526%
Phoenix0.2461+1.543%
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 | −1.102% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Bybit ADAUSDT | −0.286% | +0.0100% | 8h | $71.2M | $110.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.286% | +0.0100% | 8h | $32.4M | $106.7M | 50x | as long as short |
| Bitget ADAUSDT | −0.286% | +0.0100% | 8h | $64.4M | $47.0M | 75x | as long as short |
| Gate ADA_USDT | −0.204% | +0.0084% | 8h | $94.9M | $57.5M | 75x | as long as short |
| BingX ADA-USDC | −0.204% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Hyperliquid ADA | −0.193% | +0.0100% | 1h | $42.0M | $15.8M | 10x | as long as short |
| MEXC ADA_USDT | −0.163% | +0.0100% | 8h | $52.4M | $62.0M | 300x | as long as short |
| Extended ADA-USD | −0.162% | +0.0104% | 1h | $615K | $1.6M | 50x | as long as short |
| Binance ADAUSDT | −0.158% | +0.0100% | 8h | $102.8M | $360.6M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Variational Omni ADA | −0.155% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| KuCoin ADAUSDTM | −0.078% | +0.0100% | 8h | $30.4M | $21.0M | 75x | as long as short |
| Reya ADARUSDPERP | −0.036% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| SoDEX ADA-USD | −0.012% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| Polymarket Perps ADA-USD | −0.004% | +0.0100% | 1h | $93K | $725K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.002% | L +0.0543% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| Orderly PERP_ADA_USDC | 0.000% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDTlong | 0.000% | +0.0100% | 8h | $48.0M | $5.8M | 50x | |
| Aster ADAUSDT | +0.006% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.012% | +0.0100% | 1h | $103K | $421K | 15x | as long as short |
| Pacifica ADA | +0.020% | +0.0100% | 1h | $164K | $180K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.022% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| dYdX ADA-USD | +0.023% | 0.0000% | 1h | $203K | $2K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.023% | +0.0222% | 1h | $6.0M | $11.4M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.024% | +0.0076% | 1h | $471K | $405K | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.026% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Kalshi KXADAPERP | +0.041% | 0.0000% | 8h | $109K | $5.7M | 3.2x | as long as short |
| SunX ADA-USDT | +0.041% | +0.0100% | 8h | $9K | $795K | 30x | as long as short |
| Lighter ADA | +0.057% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| HTX ADA-USDT | +0.075% | +0.0100% | 8h | $1.3M | $5.0M | 75x | as long as short |
| BloFin ADA-USDT | +0.122% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| edgeX ADAUSDC | +0.136% | +0.0100% | 4h | $65K | $276K | 20x | as long as short |
| ApeX Omni ADAUSDT | +0.163% | +0.0100% | 1h | $229K | $444K | 50x | as long as short |
| Derive ADA-PERP | +0.348% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.408% | +0.0120% | 1h | $435K | $6.9M | 50x | |
| Phoenix ADA | +0.424% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |