After costs, if the gap returns to its 7d average, $10k−$5
spread now+0.355%7d average−0.022%fees + slippage, in and out−$42spread needed0.423%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2449 | 0.0100 | pay 0.0100% / 8h | 45m 26s | $47.9M | $5.8M | 50x |
| Short | edgeX ADAUSDC | 0.2458 | 0.0100 | get 0.0050% / 4h | 45m 26s | $65K | $277K | 20x |
Phemex 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
- $35.48
- Funding while held
- $0
- Slippage, 4 orders
- −$21.34
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$6.86
- Spread needed to break even
- 0.423%
Slippage from Phemex: live order book, 5 min ago; edgeX: live order book, 4 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, 5 min ago | 2.03 bp | 12.0 bp −$12 | 28.2 bp −$282 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 4 min ago | 6.11 bp | 10.6 bp −$11 | 27.7 bp −$277 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestBybit0.2443+0.784%Binance0.2444+0.836%OKX0.2445+0.866%Gate0.2445+0.866%Bitget0.2445+0.866%Coinbase International0.2445+0.866%Extended0.2445+0.872%MEXC0.2446+0.908%Reya0.2446+0.913%Paradex0.2446+0.922%BingX0.2447+0.949%Polymarket Perps0.2447+0.953%Variational Omni0.2447+0.958%dYdX0.2447+0.962%Pacifica0.2447+0.964%KuCoin0.2448+0.978%GMX0.2448+0.999%Aster0.2448+1.002%SoDEX0.2449+1.011%gTrade (Gains Network)0.2449+1.018%Lighter0.2449+1.019%Backpack0.2449+1.019%Hyperliquid0.2449+1.023%Kraken Futures0.2449+1.025%Orderly0.2449+1.031%
Injective
Bybit
Binance
OKX
Gate
Bitget
Coinbase International
Extended
MEXC
Reya
Paradex
BingX
Polymarket Perps
Variational Omni
dYdX
Pacifica
KuCoin
GMX
Aster
SoDEX
gTrade (Gains Network)
Lighter
Backpack
Hyperliquid
Kraken Futures
OrderlyPhemex0.2449+1.031%
Derive0.2449+1.036%Deribit0.2450+1.052%HTX0.2450+1.063%SunX0.2450+1.072%Kalshi0.2450+1.073%BloFin0.2451+1.114%ApeX Omni0.2453+1.196%Phoenix0.2456+1.320%
Derive
Deribit
HTX
SunX
BloFin
ApeX 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 | −1.021% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Bybit ADAUSDT | −0.245% | +0.0100% | 8h | $71.1M | $110.7M | 75x | as long as short |
| Binance ADAUSDT | −0.194% | +0.0100% | 8h | $102.2M | $361.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.163% | +0.0100% | 8h | $32.5M | $107.0M | 50x | as long as short |
| Gate ADA_USDT | −0.163% | +0.0081% | 8h | $94.8M | $57.6M | 75x | as long as short |
| Bitget ADAUSDT | −0.163% | +0.0100% | 8h | $64.3M | $47.1M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.163% | +0.0120% | 1h | $432K | $6.8M | 50x | as long as short |
| Extended ADA-USD | −0.158% | +0.0104% | 1h | $617K | $1.6M | 50x | as long as short |
| MEXC ADA_USDT | −0.122% | +0.0100% | 8h | $52.0M | $62.3M | 300x | as long as short |
| Reya ADARUSDPERP | −0.117% | +0.0295% | 1h | $1K | — | 15x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Paradex ADA-USD-PERP | −0.109% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| BingX ADA-USDT | −0.082% | +0.0100% | 8h | — | $18.3M | — | as long as short |
| Polymarket Perps ADA-USD | −0.078% | +0.0100% | 1h | $92K | $727K | 10x | as long as short |
| Variational Omni ADA | −0.073% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| dYdX ADA-USD | −0.069% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| Pacifica ADA | −0.067% | +0.0100% | 1h | $163K | $180K | 10x | as long as short |
| KuCoin ADAUSDTM | −0.053% | +0.0100% | 8h | $30.4M | $21.0M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.032% | L +0.0542% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| Aster ADAUSDT | −0.029% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| SoDEX ADA-USD | −0.020% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.013% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| Lighter ADA | −0.012% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| Backpack ADA_USDC_PERP | −0.012% | +0.0100% | 1h | $103K | $421K | 15x | as long as short |
| Hyperliquid ADA | −0.008% | +0.0100% | 1h | $42.1M | $15.9M | 10x | as long as short |
| Kraken Futures PF_ADAUSD | −0.007% | +0.0222% | 1h | $6.0M | $11.4M | 50x | 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 | $47.9M | $5.8M | 50x | |
| Derive ADA-PERP | +0.005% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.020% | +0.0036% | 1h | $471K | $405K | 50x | as long as short |
| HTX ADA-USDT | +0.031% | +0.0100% | 8h | $1.3M | $5.0M | 75x | as long as short |
| SunX ADA-USDT | +0.040% | +0.0100% | 8h | $9K | $797K | 30x | as long as short |
| Kalshi KXADAPERP | +0.041% | 0.0000% | 8h | $109K | $5.8M | 3.2x | as long as short |
| BloFin ADA-USDT | +0.082% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| ApeX Omni ADAUSDT | +0.163% | +0.0100% | 1h | $229K | $444K | 50x | as long as short |
| Phoenix ADA | +0.286% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| edgeX ADAUSDCshort | +0.355% | +0.0100% | 4h | $65K | $277K | 20x |