data as of
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Price arb /

ADA

all ADA markets
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Spread before costs (cost unknown: a leg has no order-book sample)+0.020%
7d average—if it closes, per $10,000$2funding while held, a day+$0.00
Long on PhemexShort on SoDEX
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhemex ADAUSDT0.24400.0100pay 0.0100% / 8h5h 11m$47.5M$5.1M50x
ShortSoDEX ADA-USD0.24400.0100get 0.0013% / 1h11m 52s$336$13K10x

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
$2.05
Funding while held
$0
Slippage, 4 orders
no order book: not counted
Fee Phemex: 6 bp × 2 orders
−$12
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$17.95
Spread needed to break even
0.200%
Slippage unknown: Phemex: live order book, 4 min ago; SoDEX: no order-book sample. Net counts fees only.

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
LegHalf-spread$10k$100k$1M$5M
Buy Phemex live order book, 4 min ago2.05 bp8.0 bp −$817.2 bp −$17249.6 bp −$4,961doesn't fit
Sell SoDEX no order-book sample—————
SoDEX: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

ADA price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2424cheapestdYdX0.2437+0.536%Gate0.2437+0.536%Pacifica0.2438+0.561%Extended0.2438+0.576%Bybit0.2438+0.578%OKX0.2438+0.578%MEXC0.2438+0.578%Bitget0.2438+0.578%Coinbase International0.2438+0.578%Paradex0.2438+0.582%Polymarket Perps0.2438+0.594%HTX0.2438+0.596%Reya0.2439+0.599%GMX0.2439+0.602%KuCoin0.2439+0.611%gTrade (Gains Network)0.2439+0.618%Binance0.2439+0.619%BingX0.2439+0.619%Kalshi0.2439+0.619%Orderly0.2439+0.619%Aster0.2440+0.643%SunX0.2440+0.659%
Phemex0.2440+0.660%
Derive0.2440+0.675%Backpack0.2440+0.677%
SoDEX0.2440+0.681%
edgeX0.2441+0.689%Hyperliquid0.2441+0.693%Kraken Futures0.2441+0.697%BloFin0.2441+0.701%Lighter0.2442+0.730%Deribit0.2442+0.734%ApeX Omni0.2442+0.743%Variational Omni0.2443+0.767%Phoenix0.2444+0.821%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.656%+0.0033%1h$832$66K12xas long as short
dYdX ADA-USD−0.123%0.0000%1h$200K$4K10xas long as short
Gate ADA_USDT−0.123%+0.0100%8h$96.0M$56.2M75xas long as short
Pacifica ADA−0.098%+0.0100%1h$157K$148K10xas long as short
Extended ADA-USD−0.083%+0.0104%1h$589K$1.7M50xas long as short
Bybit ADAUSDT−0.082%+0.0100%8h$70.5M$99.2M75xas long as short
OKX ADA-USDT-SWAP−0.082%+0.0100%8h$32.2M$103.3M50xas long as short
MEXC ADA_USDT−0.082%+0.0100%8h$52.0M$58.4M300xas long as short
Bitget ADAUSDT−0.082%+0.0100%8h$64.5M$41.7M75xas long as short
Coinbase International ADA-PERP-INTX−0.082%+0.0072%1h$468K$6.8M50xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Paradex ADA-USD-PERP−0.077%+0.0102%8h$20K$25020xas long as short
Polymarket Perps ADA-USD−0.066%+0.0100%1h$91K$728K10xas long as short
HTX ADA-USDT−0.064%+0.0100%8h$1.3M$4.6M75xas long as short
Reya ADARUSDPERP−0.061%+0.0290%1h$1K—15xas long as short
GMX ADA/USD [WBTC.b-USDC]−0.057%L +0.0521% / S −0.0276%1h$112K—100xas long as short
KuCoin ADAUSDTM−0.049%+0.0100%8h$30.2M$17.6M75xas long as short
gTrade (Gains Network) ADA/USD−0.042%L +0.0005% / S −0.0003%1h$84K—150xas long as short
Binance ADAUSDT−0.041%+0.0100%8h$101.3M$343.2M75xas long as short
BingX ADA-USDT−0.041%+0.0100%8h—$18.9M—as long as short
Kalshi KXADAPERP−0.041%0.0000%8h$119K$5.8M3.2xas long as short
Orderly PERP_ADA_USDC−0.041%+0.0100%8h$6K$36K20xas long as short
Aster ADAUSDT−0.017%+0.0100%8h$1.1M$1.0M75xas long as short
SunX ADA-USDT−0.001%+0.0100%8h$9K$751K30xas long as short
Phemex ADAUSDTlong0.000%+0.0100%8h$47.5M$5.1M50x
Derive ADA-PERP+0.015%+0.0100%1h$40K$3K5xas long as short
Backpack ADA_USDC_PERP+0.016%+0.0100%1h$102K$414K15xas long as short
SoDEX ADA-USDshort+0.020%+0.0100%1h$336$13K10x
edgeX ADAUSDC+0.029%+0.0100%4h$65K$279K20xas long as short
Hyperliquid ADA+0.033%+0.0100%1h$42.6M$13.8M10xas long as short
Kraken Futures PF_ADAUSD+0.036%+0.0261%1h$6.2M$10.8M50xas long as short
BloFin ADA-USDT+0.041%+0.0220%8h$4.4M$4.9M75xas long as short
Lighter ADA+0.070%+0.0096%1h$2.4M$1.2M10xas long as short
Deribit ADA_USDC-PERPETUAL+0.074%+0.0570%1h$477K$376K50xas long as short
ApeX Omni ADAUSDT+0.082%+0.0100%1h$230K$457K50xas long as short
Variational Omni ADA+0.106%+0.0100%8h$4.2M$1.0M—as long as short
Phoenix ADA+0.160%+0.0166%1h$4K$89K10xas long as short