After costs, if the gap returns to its 7d average, $10k−$25
spread now+0.090%7d average−0.011%fees + slippage, in and out−$35spread needed0.346%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2439 | 0.0100 | pay 0.0100% / 8h | 5h 14m | $47.5M | $5.1M | 50x |
| Short | Hyperliquid ADA | 0.2441 | 0.0100 | get 0.0013% / 1h | 14m 11s | $42.6M | $13.8M | 10x |
Phemex ADAUSDT
Hyperliquid ADAPrice 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
- $9.02
- Funding while held
- $0
- Slippage, 4 orders
- −$13.58
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$25.56
- Spread needed to break even
- 0.346%
Slippage from Phemex: live order book, 6 min ago; Hyperliquid: live order book, 11 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, 6 min ago | 2.05 bp | 12.1 bp −$12 | 19.6 bp −$196 | 45.1 bp −$4,511 | doesn't fit |
| Sell Hyperliquid live order book, 11 min ago | 0.82 bp | 7.9 bp −$8 | 10.6 bp −$106 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestApeX Omni0.2437+0.536%gTrade (Gains Network)0.2439+0.618%Bybit0.2439+0.619%Gate0.2439+0.619%MEXC0.2439+0.619%Bitget0.2439+0.619%BingX0.2439+0.619%
Injective
ApeX Omni
gTrade (Gains Network)
Bybit
Gate
MEXC
Bitget
BingXPhemex0.2439+0.619%
dYdX0.2439+0.627%Aster0.2439+0.636%Pacifica0.2439+0.636%Extended0.2439+0.637%Reya0.2439+0.639%SoDEX0.2440+0.639%GMX0.2440+0.642%Polymarket Perps0.2440+0.644%Kraken Futures0.2440+0.647%KuCoin0.2440+0.656%Binance0.2440+0.660%OKX0.2440+0.660%Kalshi0.2440+0.660%Orderly0.2440+0.660%Deribit0.2440+0.664%Derive0.2441+0.684%Backpack0.2441+0.685%edgeX0.2441+0.689%Lighter0.2441+0.697%SunX0.2441+0.700%Paradex0.2441+0.703%
dYdX
Aster
Pacifica
Extended
Reya
SoDEX
GMX
Polymarket Perps
Kraken Futures
KuCoin
Binance
OKX
Orderly
Deribit
Derive
Backpack
Lighter
SunX
ParadexHyperliquid0.2441+0.710%
Coinbase International0.2442+0.743%HTX0.2442+0.753%Variational Omni0.2443+0.767%BloFin0.2443+0.784%Phoenix0.2444+0.821%
Coinbase International
HTX
Variational Omni
BloFin
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 | −0.615% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.082% | +0.0100% | 1h | $229K | $457K | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.001% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Bybit ADAUSDT | 0.000% | +0.0100% | 8h | $70.5M | $99.1M | 75x | as long as short |
| Gate ADA_USDT | 0.000% | +0.0100% | 8h | $96.1M | $56.2M | 75x | as long as short |
| MEXC ADA_USDT | 0.000% | +0.0100% | 8h | $52.4M | $58.4M | 300x | as long as short |
| Bitget ADAUSDT | 0.000% | +0.0100% | 8h | $64.5M | $41.7M | 75x | as long as short |
| BingX ADA-USDC | 0.000% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Phemex ADAUSDTlong | 0.000% | +0.0100% | 8h | $47.5M | $5.1M | 50x | |
| dYdX ADA-USD | +0.008% | 0.0000% | 1h | $201K | $4K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Aster ADAUSDT | +0.017% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.017% | +0.0100% | 1h | $157K | $148K | 10x | as long as short |
| Extended ADA-USD | +0.018% | +0.0104% | 1h | $589K | $1.7M | 50x | as long as short |
| Reya ADARUSDPERP | +0.020% | +0.0290% | 1h | $1K | — | 15x | as long as short |
| SoDEX ADA-USD | +0.021% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.023% | L +0.0521% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Polymarket Perps ADA-USD | +0.025% | +0.0100% | 1h | $91K | $728K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.028% | +0.0261% | 1h | $6.2M | $10.8M | 50x | as long as short |
| KuCoin ADAUSDTM | +0.037% | +0.0100% | 8h | $30.2M | $17.6M | 75x | as long as short |
| Binance ADAUSDT | +0.041% | +0.0100% | 8h | $101.4M | $343.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $32.3M | $103.4M | 50x | as long as short |
| Kalshi KXADAPERP | +0.041% | 0.0000% | 8h | $119K | $5.8M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | +0.041% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.045% | +0.0447% | 1h | $476K | $376K | 50x | as long as short |
| Derive ADA-PERP | +0.065% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Backpack ADA_USDC_PERP | +0.066% | +0.0100% | 1h | $102K | $414K | 15x | as long as short |
| edgeX ADAUSDC | +0.070% | +0.0100% | 4h | $65K | $279K | 20x | as long as short |
| Lighter ADA | +0.078% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| SunX ADA-USDT | +0.080% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| Paradex ADA-USD-PERP | +0.083% | +0.0101% | 8h | $20K | $250 | 20x | as long as short |
| Hyperliquid ADAshort | +0.090% | +0.0100% | 1h | $42.6M | $13.8M | 10x | |
| Coinbase International ADA-PERP-INTX | +0.123% | +0.0072% | 1h | $469K | $6.8M | 50x | as long as short |
| HTX ADA-USDT | +0.133% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Variational Omni ADA | +0.147% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| BloFin ADA-USDT | +0.164% | +0.0220% | 8h | $4.4M | $5.0M | 75x | as long as short |
| Phoenix ADA | +0.201% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |