Spread before costs (cost unknown: a leg has no order-book sample)−0.044%
7d average—if it closes, per $10,000$4funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2423 | 0.0100 | pay 0.0100% / 8h | 7h 19m | $47.3M | $5.9M | 50x |
| Short | Derive ADA-PERP | 0.2422 | 0.0100 | get 0.0013% / 1h | 19m 46s | $39K | $3K | 5x |
Phemex ADAUSDT
Derive ADA-PERPPrice 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
- −$4.42
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- −$22.42
- Spread needed to break even
- 0.180%
Slippage unknown: Phemex: live order book, 6 min ago; Derive: no order-book sample. Net counts fees only.
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, 6 min ago | 2.05 bp | 8.1 bp −$8 | 18.4 bp −$184 | 53.5 bp −$5,348 | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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.Bybit0.2418cheapestOKX0.2419+0.041%Bitget0.2419+0.041%Gate0.2420+0.083%BingX0.2420+0.083%dYdX0.2420+0.085%Lighter0.2420+0.095%Binance0.2420+0.101%Reya0.2420+0.102%GMX0.2421+0.106%Hyperliquid0.2421+0.112%Extended0.2421+0.122%Orderly0.2421+0.124%gTrade (Gains Network)0.2421+0.128%KuCoin0.2421+0.136%HTX0.2421+0.144%Polymarket Perps0.2422+0.145%SoDEX0.2422+0.145%Aster0.2422+0.149%
Bybit
OKX
Bitget
Gate
BingX
dYdX
Lighter
Binance
Reya
GMX
Hyperliquid
Extended
Orderly
gTrade (Gains Network)
KuCoin
HTX
Polymarket Perps
SoDEX
AsterDerive0.2422+0.163%
MEXC0.2422+0.165%Coinbase International0.2422+0.165%Backpack0.2422+0.178%Pacifica0.2423+0.191%Deribit0.2423+0.199%Kalshi0.2423+0.207%
MEXC
Coinbase International
Backpack
Pacifica
DeribitPhemex0.2423+0.207%
Paradex0.2423+0.209%SunX0.2424+0.246%Injective0.2424+0.248%Kraken Futures0.2424+0.249%BloFin0.2425+0.289%Variational Omni0.2428+0.396%Phoenix0.2431+0.533%edgeX0.2431+0.549%ApeX Omni0.2434+0.662%
Paradex
SunX
Injective
Kraken Futures
BloFin
Variational Omni
Phoenix
ApeX OmniADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | −0.206% | +0.0100% | 8h | $70.4M | $108.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.165% | +0.0100% | 8h | $32.1M | $106.4M | 50x | as long as short |
| Bitget ADAUSDT | −0.165% | +0.0100% | 8h | $64.1M | $46.0M | 75x | as long as short |
| Gate ADA_USDT | −0.124% | +0.0100% | 8h | $94.1M | $57.0M | 75x | as long as short |
| BingX ADA-USDC | −0.124% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| dYdX ADA-USD | −0.122% | +0.0034% | 1h | $200K | $2K | 10x | as long as short |
| Lighter ADA | −0.111% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| Binance ADAUSDT | −0.105% | +0.0100% | 8h | $100.7M | $359.9M | 75x | as long as short |
| Reya ADARUSDPERP | −0.104% | +0.0293% | 1h | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.101% | L +0.0519% / S −0.0276% | 1h | $111K | — | 100x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid ADA | −0.095% | +0.0100% | 1h | $42.3M | $14.8M | 10x | as long as short |
| Extended ADA-USD | −0.085% | +0.0104% | 1h | $597K | $1.7M | 50x | as long as short |
| Orderly PERP_ADA_USDC | −0.083% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.079% | L +0.0005% / S −0.0003% | 1h | $85K | — | 150x | as long as short |
| KuCoin ADAUSDTM | −0.070% | +0.0100% | 8h | $29.9M | $20.0M | 75x | as long as short |
| HTX ADA-USDT | −0.063% | +0.0100% | 8h | $1.3M | $5.0M | 75x | as long as short |
| Polymarket Perps ADA-USD | −0.062% | +0.0100% | 1h | $92K | $740K | 10x | as long as short |
| SoDEX ADA-USD | −0.062% | +0.0100% | 1h | $333 | $13K | 10x | as long as short |
| Aster ADAUSDT | −0.058% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Derive ADA-PERPshort | −0.044% | +0.0100% | 1h | $39K | $3K | 5x | |
| MEXC ADA_USDT | −0.041% | +0.0100% | 8h | $51.1M | $63.5M | 300x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.041% | +0.0112% | 1h | $484K | $7.0M | 50x | as long as short |
| Backpack ADA_USDC_PERP | −0.029% | +0.0100% | 1h | $100K | $421K | 15x | as long as short |
| Pacifica ADA | −0.016% | +0.0100% | 1h | $158K | $177K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.008% | +0.0287% | 1h | $464K | $401K | 50x | as long as short |
| Kalshi KXADAPERP | 0.000% | 0.0000% | 8h | $82K | $5.7M | 3.2x | as long as short |
| Phemex ADAUSDTlong | 0.000% | +0.0100% | 8h | $47.3M | $5.9M | 50x | |
| Paradex ADA-USD-PERP | +0.002% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| SunX ADA-USDT | +0.039% | +0.0100% | 8h | $9K | $788K | 30x | as long as short |
| Injective ADA/USDC PERP | +0.041% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Kraken Futures PF_ADAUSD | +0.042% | +0.0141% | 1h | $5.9M | $11.3M | 50x | as long as short |
| BloFin ADA-USDT | +0.083% | +0.0220% | 8h | $4.4M | $6.2M | 75x | as long as short |
| Variational Omni ADA | +0.189% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | +0.326% | +0.0131% | 1h | $4K | $103K | 10x | as long as short |
| edgeX ADAUSDC | +0.342% | +0.0100% | 4h | $64K | $277K | 20x | as long as short |
| ApeX Omni ADAUSDT | +0.454% | +0.0100% | 1h | $227K | $452K | 50x | as long as short |