After costs, if the gap returns to its 7d average, $10k−$44
spread now+0.029%7d average−0.008%fees + slippage, in and out−$48spread needed0.475%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2424 | 0.0100 | pay 0.0100% / 8h | 5h 54m | $47.3M | $5.1M | 50x |
| Short | KuCoin ADAUSDTM | 0.2425 | 0.0100 | get 0.0100% / 8h | 5h 54m | $29.9M | $17.7M | 75x |
Phemex ADAUSDT
KuCoin ADAUSDTMPrice 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
- $2.89
- Funding while held
- $0
- Slippage, 4 orders
- −$23.53
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$44.64
- Spread needed to break even
- 0.475%
Slippage from Phemex: live order book, 6 min ago; KuCoin: 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 | 4.15 bp | 10.1 bp −$10 | 18.4 bp −$184 | 54.9 bp −$5,490 | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 0.62 bp | 10.6 bp −$11 | 19.7 bp −$197 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Coinbase International0.2407cheapestVariational Omni0.2409+0.069%BloFin0.2410+0.125%ApeX Omni0.2412+0.208%edgeX0.2412+0.221%Phoenix0.2413+0.266%Pacifica0.2422+0.616%Gate0.2422+0.623%Kalshi0.2422+0.623%dYdX0.2422+0.629%Reya0.2423+0.647%GMX0.2423+0.656%gTrade (Gains Network)0.2423+0.665%Polymarket Perps0.2423+0.673%Aster0.2424+0.697%SunX0.2424+0.706%Bybit0.2424+0.706%MEXC0.2424+0.706%BingX0.2424+0.706%Injective0.2424+0.706%
Coinbase International
Variational Omni
BloFin
ApeX Omni
Phoenix
Pacifica
Gate
dYdX
Reya
GMX
gTrade (Gains Network)
Polymarket Perps
Aster
SunX
Bybit
MEXC
BingX
InjectivePhemex0.2424+0.706%
Paradex0.2424+0.707%Extended0.2424+0.726%SoDEX0.2424+0.727%HTX0.2425+0.733%
Paradex
Extended
SoDEX
HTXKuCoin0.2425+0.735%
Binance0.2425+0.748%OKX0.2425+0.748%Bitget0.2425+0.748%Orderly0.2425+0.748%Kraken Futures0.2425+0.757%Derive0.2425+0.759%Lighter0.2426+0.785%Backpack0.2426+0.789%Deribit0.2426+0.789%Hyperliquid0.2426+0.794%
Binance
OKX
Bitget
Orderly
Kraken Futures
Derive
Lighter
Backpack
Deribit
HyperliquidADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Coinbase International ADA-PERP-INTX | −0.701% | +0.0072% | 1h | $467K | $6.7M | 50x | as long as short |
| Variational Omni ADA | −0.633% | +0.0100% | 8h | $4.1M | $1.0M | — | as long as short |
| BloFin ADA-USDT | −0.578% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| ApeX Omni ADAUSDT | −0.495% | +0.0034% | 1h | $226K | $455K | 50x | as long as short |
| edgeX ADAUSDC | −0.482% | +0.0100% | 4h | $64K | $277K | 20x | as long as short |
| Phoenix ADA | −0.437% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| Pacifica ADA | −0.090% | +0.0100% | 1h | $156K | $154K | 10x | as long as short |
| Gate ADA_USDT | −0.083% | +0.0100% | 8h | $94.6M | $55.2M | 75x | as long as short |
| Kalshi KXADAPERP | −0.083% | 0.0000% | 8h | $148K | $5.9M | 3.2x | as long as short |
| dYdX ADA-USD | −0.077% | 0.0000% | 1h | $200K | $2K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya ADARUSDPERP | −0.059% | +0.0291% | 1h | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.050% | L +0.0519% / S −0.0276% | 1h | $111K | — | 100x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.041% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| Polymarket Perps ADA-USD | −0.033% | +0.0100% | 1h | $91K | $726K | 10x | as long as short |
| Aster ADAUSDT | −0.009% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| SunX ADA-USDT | 0.000% | +0.0100% | 8h | $9K | $751K | 30x | as long as short |
| Bybit ADAUSDT | 0.000% | +0.0100% | 8h | $69.7M | $99.7M | 75x | as long as short |
| MEXC ADA_USDT | 0.000% | +0.0100% | 8h | $51.7M | $57.0M | 300x | as long as short |
| BingX ADA-USDT | 0.000% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| Injective ADA/USDC PERP | 0.000% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| Phemex ADAUSDTlong | 0.000% | +0.0100% | 8h | $47.3M | $5.1M | 50x | |
| Paradex ADA-USD-PERP | +0.001% | +0.0101% | 8h | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.020% | +0.0104% | 1h | $601K | $1.7M | 50x | as long as short |
| SoDEX ADA-USD | +0.021% | +0.0100% | 1h | $333 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.027% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| KuCoin ADAUSDTMshort | +0.029% | +0.0100% | 8h | $29.9M | $17.7M | 75x | |
| Binance ADAUSDT | +0.041% | +0.0100% | 8h | $100.7M | $342.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.041% | +0.0100% | 8h | $31.8M | $102.5M | 50x | as long as short |
| Bitget ADAUSDT | +0.041% | +0.0100% | 8h | $64.1M | $41.8M | 75x | as long as short |
| Orderly PERP_ADA_USDC | +0.041% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Kraken Futures PF_ADAUSD | +0.050% | +0.0263% | 1h | $6.1M | $10.7M | 50x | as long as short |
| Derive ADA-PERP | +0.052% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Lighter ADA | +0.078% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.083% | +0.0100% | 1h | $101K | $411K | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.083% | +0.0575% | 1h | $474K | $377K | 50x | as long as short |
| Hyperliquid ADA | +0.087% | +0.0100% | 1h | $42.3M | $13.8M | 10x | as long as short |