After costs, if the gap returns to its 7d average, $10k−$54
spread now−0.171%7d average−0.014%fees + slippage, in and out−$39spread needed0.385%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phemex ADAUSDT | 0.2452 | 0.0100 | pay 0.0100% / 8h | 47m 12s | $48.0M | $5.8M | 50x |
| Short | Polymarket Perps ADA-USD | 0.2448 | 0.0100 | get 0.0013% / 1h | 47m 12s | $93K | $726K | 10x |
Phemex ADAUSDT
Polymarket Perps ADA-USDPrice 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
- −$17.13
- Funding while held
- $0
- Slippage, 4 orders
- −$18.52
- Fee Phemex: 6 bp × 2 orders
- −$12
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$55.65
- Spread needed to break even
- 0.385%
Slippage from Phemex: live order book, 3 min ago; Polymarket Perps: live order book, 2 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, 3 min ago | 2.03 bp | 12.0 bp −$12 | 28.2 bp −$282 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 2 min ago | 0.61 bp | 6.6 bp −$7 | 11.4 bp −$114 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestdYdX0.2445+0.846%Coinbase International0.2445+0.866%Pacifica0.2445+0.877%Paradex0.2446+0.928%KuCoin0.2447+0.949%Kalshi0.2447+0.949%Variational Omni0.2447+0.957%
Injective
dYdX
Coinbase International
Pacifica
Paradex
KuCoin
Variational OmniPolymarket Perps0.2448+0.982%
Gate0.2449+1.031%Hyperliquid0.2449+1.044%Reya0.2450+1.058%MEXC0.2450+1.073%BingX0.2450+1.073%Aster0.2450+1.078%GMX0.2450+1.083%HTX0.2450+1.085%gTrade (Gains Network)0.2451+1.095%SoDEX0.2451+1.101%BloFin0.2451+1.114%Extended0.2451+1.116%Backpack0.2451+1.126%Bybit0.2452+1.155%OKX0.2452+1.155%Bitget0.2452+1.155%Orderly0.2452+1.155%
Gate
Hyperliquid
Reya
MEXC
BingX
Aster
GMX
HTX
gTrade (Gains Network)
SoDEX
BloFin
Extended
Backpack
Bybit
OKX
Bitget
OrderlyPhemex0.2452+1.155%
Binance0.2452+1.162%Derive0.2453+1.189%Kraken Futures0.2453+1.193%SunX0.2453+1.196%ApeX Omni0.2453+1.196%Deribit0.2453+1.200%Lighter0.2454+1.221%Phoenix0.2456+1.320%edgeX0.2458+1.390%
Binance
Derive
Kraken Futures
SunX
ApeX Omni
Deribit
Lighter
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 | −1.142% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| dYdX ADA-USD | −0.305% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.285% | +0.0120% | 1h | $432K | $6.8M | 50x | as long as short |
| Pacifica ADA | −0.275% | +0.0100% | 1h | $163K | $180K | 10x | as long as short |
| Paradex ADA-USD-PERP | −0.225% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| KuCoin ADAUSDTM | −0.204% | +0.0100% | 8h | $30.4M | $21.0M | 75x | as long as short |
| Kalshi KXADAPERP | −0.204% | 0.0000% | 8h | $109K | $5.8M | 3.2x | as long as short |
| Variational Omni ADA | −0.196% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Polymarket Perps ADA-USDshort | −0.171% | +0.0100% | 1h | $93K | $726K | 10x | |
| Gate ADA_USDT | −0.122% | +0.0084% | 8h | $95.0M | $57.5M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Hyperliquid ADA | −0.110% | +0.0100% | 1h | $42.1M | $15.9M | 10x | as long as short |
| Reya ADARUSDPERP | −0.096% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| MEXC ADA_USDT | −0.082% | +0.0100% | 8h | $52.2M | $62.1M | 300x | as long as short |
| BingX ADA-USDC | −0.082% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Aster ADAUSDT | −0.077% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.072% | L +0.0543% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| HTX ADA-USDT | −0.069% | +0.0100% | 8h | $1.3M | $5.0M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.059% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| SoDEX ADA-USD | −0.053% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| BloFin ADA-USDT | −0.041% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| Extended ADA-USD | −0.039% | +0.0104% | 1h | $615K | $1.6M | 50x | as long as short |
| Backpack ADA_USDC_PERP | −0.029% | +0.0100% | 1h | $103K | $421K | 15x | as long as short |
| Bybit ADAUSDT | 0.000% | +0.0100% | 8h | $71.4M | $110.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | 0.000% | +0.0100% | 8h | $32.5M | $107.2M | 50x | as long as short |
| Bitget ADAUSDT | 0.000% | +0.0100% | 8h | $64.6M | $47.0M | 75x | 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 | $48.0M | $5.8M | 50x | |
| Binance ADAUSDT | +0.007% | +0.0100% | 8h | $103.0M | $361.5M | 75x | as long as short |
| Derive ADA-PERP | +0.033% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Kraken Futures PF_ADAUSD | +0.037% | +0.0222% | 1h | $6.0M | $11.4M | 50x | as long as short |
| SunX ADA-USDT | +0.040% | +0.0100% | 8h | $9K | $796K | 30x | as long as short |
| ApeX Omni ADAUSDT | +0.041% | +0.0100% | 1h | $229K | $444K | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.045% | +0.0239% | 1h | $471K | $405K | 50x | as long as short |
| Lighter ADA | +0.065% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| Phoenix ADA | +0.163% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| edgeX ADAUSDC | +0.232% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |