data as of
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Price arb /

ADA

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After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.041%7d average−0.044%fees + slippage, in and out−$47spread needed0.471%
Long on PhemexShort on Gate
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ADAUSDT0.24550.0100pay 0.0100% / 8h11m 05s$48.0M$5.8M50x
ShortGate ADA_USDT0.24540.0068get 0.0068% / 8h11m 05s$95.6M$59.9M75x

Price spread history

latest
Range statsloading…

How often the spread is this wide

share of time at each level, last 7D

Backtest

opened in the past, held until now, after costs
Backtest 7 daysBacktest 30 daysBacktest 90 daysopens the backtester with this pair and $10,000 a leg

Profit calculator

Spread captured
−$4.07
Funding while held
−$0.96
Slippage, 4 orders
−$20.11
Fee Phemex: 6 bp × 2 orders
−$12
Fee Gate: 7.5 bp × 2 orders
−$15
Net
−$52.15
Spread needed to break even
0.471%
Slippage from Phemex: live order book, 4 min ago; Gate: live order book, 4 min ago.

Cost of waiting

funding view
Funding /8h
−0.0032%
Per $10,000 a day
−$0.96
Average in range /8h
—

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago2.04 bp12.0 bp −$1222.9 bp −$22947.6 bp −$4,758doesn't fit
Sell Gate live order book, 4 min ago2.04 bp13.5 bp −$1417.8 bp −$17893.7 bp −$9,371doesn't fit

ADA price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2424cheapestVariational Omni0.2443+0.796%ApeX Omni0.2449+1.031%edgeX0.2451+1.101%Bybit0.2454+1.238%
Gate0.2454+1.238%
Bitget0.2454+1.238%Extended0.2455+1.271%OKX0.2455+1.279%MEXC0.2455+1.279%BingX0.2455+1.279%
Phemex0.2455+1.279%
dYdX0.2455+1.297%SoDEX0.2455+1.300%Aster0.2456+1.309%Kraken Futures0.2456+1.319%Pacifica0.2456+1.320%Binance0.2456+1.320%KuCoin0.2456+1.320%Kalshi0.2456+1.320%Orderly0.2456+1.320%Coinbase International0.2456+1.320%BloFin0.2456+1.320%Backpack0.2456+1.328%Reya0.2456+1.333%GMX0.2456+1.335%Deribit0.2457+1.341%Lighter0.2457+1.345%Phoenix0.2457+1.345%HTX0.2457+1.356%Polymarket Perps0.2457+1.357%gTrade (Gains Network)0.2457+1.358%Hyperliquid0.2457+1.366%Derive0.2457+1.370%SunX0.2458+1.402%Paradex0.2458+1.409%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−1.263%+0.0558%1h$832$124K12xas long as short
Variational Omni ADA−0.477%+0.0100%8h$4.2M$1.0M—as long as short
ApeX Omni ADAUSDT−0.244%+0.0100%1h$229K$450K50xas long as short
edgeX ADAUSDC−0.176%+0.0100%4h$65K$276K20xas long as short
Bybit ADAUSDT−0.041%+0.0100%8h$71.5M$112.1M75xas long as short
Gate ADA_USDTshort−0.041%+0.0068%8h$95.6M$59.9M75x
Bitget ADAUSDT−0.041%+0.0100%8h$64.7M$46.8M75xas long as short
Extended ADA-USD−0.008%+0.0104%1h$606K$1.7M50xas long as short
OKX ADA-USDT-SWAP0.000%+0.0100%8h$32.2M$108.8M50xas long as short
MEXC ADA_USDT0.000%+0.0100%8h$52.2M$64.2M300xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
BingX ADA-USDT0.000%+0.0100%8h—$18.5M—as long as short
Phemex ADAUSDTlong0.000%+0.0100%8h$48.0M$5.8M50x
dYdX ADA-USD+0.018%+0.0076%1h$203K$2K10xas long as short
SoDEX ADA-USD+0.020%+0.0100%1h$338$13K10xas long as short
Aster ADAUSDT+0.030%+0.0100%8h$1.1M$1.4M75xas long as short
Kraken Futures PF_ADAUSD+0.040%+0.0222%1h$5.9M$11.2M50xas long as short
Pacifica ADA+0.040%+0.0100%1h$161K$181K10xas long as short
Binance ADAUSDT+0.041%+0.0100%8h$102.0M$366.3M75xas long as short
KuCoin ADAUSDTM+0.041%+0.0100%8h$30.3M$21.1M75xas long as short
Kalshi KXADAPERP+0.041%0.0000%8h$99K$5.8M3.2xas long as short
Orderly PERP_ADA_USDC+0.041%+0.0100%8h$6K$36K20xas long as short
Coinbase International ADA-PERP-INTX+0.041%+0.0120%1h$440K$6.9M50xas long as short
BloFin ADA-USDT+0.041%+0.0220%8h$4.5M$6.3M75xas long as short
Backpack ADA_USDC_PERP+0.049%+0.0100%1h$103K$430K15xas long as short
Reya ADARUSDPERP+0.053%+0.0294%1h$1K—15xas long as short
GMX ADA/USD [WBTC.b-USDC]+0.055%L +0.0535% / S −0.0286%1h$116K—100xas long as short
Deribit ADA_USDC-PERPETUAL+0.061%+0.0157%1h$471K$424K50xas long as short
Lighter ADA+0.065%+0.0096%1h$2.3M$1.1M10xas long as short
Phoenix ADA+0.065%+0.0066%1h$4K$103K10xas long as short
HTX ADA-USDT+0.076%+0.0100%8h$1.3M$5.2M75xas long as short
Polymarket Perps ADA-USD+0.077%+0.0100%1h$95K$734K10xas long as short
gTrade (Gains Network) ADA/USD+0.078%L +0.0005% / S −0.0003%1h$90K—150xas long as short
Hyperliquid ADA+0.086%+0.0100%1h$42.3M$16.4M10xas long as short
Derive ADA-PERP+0.090%+0.0100%1h$40K$3K5xas long as short
SunX ADA-USDT+0.121%+0.0100%8h$9K$807K30xas long as short
Paradex ADA-USD-PERP+0.129%+0.0100%8h$21K$25020xas long as short