After costs, if the gap returns to its 7d average, $10k−$24
spread now+0.261%7d average+0.030%fees + slippage, in and out−$47spread needed0.472%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2455 | 0.0100 | pay 0.0100% / 8h | 48m 23s | $48.1M | $5.8M | 50x |
| Short | Phoenix ADA | 0.2461 | 0.0066 | get 0.0008% / 1h | 48m 23s | $4K | $103K | 10x |
Phemex ADAUSDT
Phoenix 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
- $26.07
- Funding while held
- −$1.03
- Slippage, 4 orders
- −$28.18
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$22.15
- Spread needed to break even
- 0.472%
Slippage from Phemex: live order book, 2 min ago; Phoenix: live order book, 55 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0034%
- Per $10,000 a day
- −$1.03
- 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, 2 min ago | 2.03 bp | 12.0 bp −$12 | 28.2 bp −$282 | doesn't fit | doesn't fit |
| Sell Phoenix live order book, 55 min ago | 0.83 bp | 13.2 bp −$13 | 44.9 bp −$449 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestVariational Omni0.2447+0.957%Bybit0.2450+1.073%Gate0.2450+1.073%Reya0.2450+1.078%Polymarket Perps0.2451+1.110%GMX0.2451+1.112%OKX0.2451+1.114%MEXC0.2451+1.114%BingX0.2451+1.114%Orderly0.2451+1.114%Pacifica0.2452+1.134%gTrade (Gains Network)0.2452+1.136%dYdX0.2452+1.137%Paradex0.2452+1.141%Binance0.2452+1.155%Bitget0.2452+1.155%Extended0.2452+1.156%KuCoin0.2452+1.167%Lighter0.2452+1.176%Hyperliquid0.2454+1.217%BloFin0.2454+1.238%SoDEX0.2454+1.246%Aster0.2454+1.247%edgeX0.2454+1.251%Backpack0.2455+1.271%ApeX Omni0.2455+1.279%
Injective
Variational Omni
Bybit
Gate
Reya
Polymarket Perps
GMX
OKX
MEXC
BingX
Orderly
Pacifica
gTrade (Gains Network)
dYdX
Paradex
Binance
Bitget
Extended
KuCoin
Lighter
Hyperliquid
BloFin
SoDEX
Aster
Backpack
ApeX OmniPhemex0.2455+1.279%
Kraken Futures0.2455+1.291%Deribit0.2456+1.312%HTX0.2456+1.317%SunX0.2456+1.320%Kalshi0.2457+1.361%Derive0.2460+1.466%Coinbase International0.2461+1.526%
Kraken Futures
Deribit
HTX
SunX
Derive
Coinbase InternationalPhoenix0.2461+1.543%
ADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.263% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.318% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Bybit ADAUSDT | −0.204% | +0.0100% | 8h | $71.3M | $110.4M | 75x | as long as short |
| Gate ADA_USDT | −0.204% | +0.0084% | 8h | $95.0M | $57.4M | 75x | as long as short |
| Reya ADARUSDPERP | −0.199% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| Polymarket Perps ADA-USD | −0.167% | +0.0100% | 1h | $93K | $725K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.165% | L +0.0543% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| OKX ADA-USDT-SWAP | −0.163% | +0.0100% | 8h | $32.5M | $107.0M | 50x | as long as short |
| MEXC ADA_USDT | −0.163% | +0.0100% | 8h | $52.5M | $62.0M | 300x | as long as short |
| BingX ADA-USDC | −0.163% | +0.0100% | 8h | — | $6.5M | — | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Orderly PERP_ADA_USDC | −0.163% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Pacifica ADA | −0.143% | +0.0100% | 1h | $164K | $180K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.141% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| dYdX ADA-USD | −0.140% | 0.0000% | 1h | $203K | $2K | 10x | as long as short |
| Paradex ADA-USD-PERP | −0.137% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Binance ADAUSDT | −0.122% | +0.0100% | 8h | $103.0M | $360.5M | 75x | as long as short |
| Bitget ADAUSDT | −0.122% | +0.0100% | 8h | $64.6M | $47.0M | 75x | as long as short |
| Extended ADA-USD | −0.122% | +0.0104% | 1h | $619K | $1.6M | 50x | as long as short |
| KuCoin ADAUSDTM | −0.110% | +0.0100% | 8h | $30.4M | $21.0M | 75x | as long as short |
| Lighter ADA | −0.102% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| Hyperliquid ADA | −0.061% | +0.0100% | 1h | $42.1M | $15.8M | 10x | as long as short |
| BloFin ADA-USDT | −0.041% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| SoDEX ADA-USD | −0.033% | +0.0100% | 1h | $338 | $13K | 10x | as long as short |
| Aster ADAUSDT | −0.031% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| edgeX ADAUSDC | −0.027% | +0.0100% | 4h | $65K | $276K | 20x | as long as short |
| Backpack ADA_USDC_PERP | −0.008% | +0.0100% | 1h | $103K | $421K | 15x | as long as short |
| ApeX Omni ADAUSDT | 0.000% | +0.0100% | 1h | $229K | $444K | 50x | as long as short |
| Phemex ADAUSDTlong | 0.000% | +0.0100% | 8h | $48.1M | $5.8M | 50x | |
| Kraken Futures PF_ADAUSD | +0.012% | +0.0222% | 1h | $6.0M | $11.4M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.033% | 0.0000% | 1h | $472K | $406K | 50x | as long as short |
| HTX ADA-USDT | +0.037% | +0.0100% | 8h | $1.3M | $5.0M | 75x | as long as short |
| SunX ADA-USDT | +0.040% | +0.0100% | 8h | $9K | $795K | 30x | as long as short |
| Kalshi KXADAPERP | +0.081% | 0.0000% | 8h | $110K | $5.7M | 3.2x | as long as short |
| Derive ADA-PERP | +0.184% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.244% | +0.0120% | 1h | $435K | $6.9M | 50x | as long as short |
| Phoenix ADAshort | +0.261% | +0.0066% | 1h | $4K | $103K | 10x |