After costs, if the gap returns to its 7d average, $10k−$42
spread now+0.004%7d average−0.035%fees + slippage, in and out−$46spread needed0.462%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ADA | 0.2441 | 0.0131 | pay 0.0016% / 1h | 32m 15s | $4K | $103K | 10x |
| Short | Aster ADAUSDT | 0.2441 | 0.0100 | get 0.0100% / 8h | 7h 32m | $1.1M | $1.4M | 75x |
Phoenix ADA
Aster ADAUSDTPrice 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
- $0.36
- Funding while held
- −$0.92
- Slippage, 4 orders
- −$31.21
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Aster: 4 bp × 2 orders
- −$8
- Net
- −$46.77
- Spread needed to break even
- 0.462%
Slippage from Phoenix: live order book, just now; Aster: live order book, 2 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0031%
- Per $10,000 a day
- −$0.92
- 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 Phoenix live order book, just now | 0.82 bp | 13.1 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Aster live order book, 2 min ago | 4.10 bp | 8.2 bp −$8 | 24.8 bp −$248 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestCoinbase International0.2439+0.619%dYdX0.2440+0.663%Pacifica0.2440+0.664%Gate0.2441+0.701%BingX0.2441+0.701%
Injective
Coinbase International
dYdX
Pacifica
Gate
BingXPhoenix0.2441+0.714%
Aster0.2441+0.717%
Backpack0.2442+0.730%Paradex0.2442+0.734%KuCoin0.2442+0.734%Kalshi0.2442+0.743%GMX0.2442+0.746%Polymarket Perps0.2442+0.751%gTrade (Gains Network)0.2442+0.753%Reya0.2443+0.764%Extended0.2443+0.780%SunX0.2443+0.781%Bybit0.2443+0.784%MEXC0.2443+0.784%Bitget0.2443+0.784%Orderly0.2443+0.784%Phemex0.2443+0.784%BloFin0.2443+0.784%Derive0.2443+0.794%edgeX0.2443+0.795%SoDEX0.2444+0.804%HTX0.2444+0.812%Hyperliquid0.2444+0.813%Deribit0.2444+0.817%OKX0.2444+0.825%Lighter0.2445+0.854%Binance0.2445+0.863%Kraken Futures0.2445+0.863%Variational Omni0.2445+0.882%ApeX Omni0.2448+0.990%
Backpack
Paradex
KuCoin
GMX
Polymarket Perps
gTrade (Gains Network)
Reya
Extended
SunX
Bybit
MEXC
Bitget
Orderly
Phemex
BloFin
Derive
SoDEX
HTX
Hyperliquid
Deribit
OKX
Lighter
Binance
Kraken Futures
Variational Omni
ApeX OmniADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.709% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.094% | +0.0112% | 1h | $490K | $7.2M | 50x | as long as short |
| dYdX ADA-USD | −0.050% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| Pacifica ADA | −0.049% | +0.0100% | 1h | $159K | $179K | 10x | as long as short |
| Gate ADA_USDT | −0.012% | +0.0100% | 8h | $95.0M | $56.6M | 75x | as long as short |
| BingX ADA-USDT | −0.012% | +0.0100% | 8h | — | $18.3M | — | as long as short |
| Phoenix ADAlong | 0.000% | +0.0131% | 1h | $4K | $103K | 10x | |
| Aster ADAUSDTshort | +0.004% | +0.0100% | 8h | $1.1M | $1.4M | 75x | |
| Backpack ADA_USDC_PERP | +0.016% | +0.0100% | 1h | $103K | $428K | 15x | as long as short |
| Paradex ADA-USD-PERP | +0.020% | +0.0101% | 8h | $20K | $250 | 20x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| KuCoin ADAUSDTM | +0.020% | +0.0100% | 8h | $30.0M | $20.7M | 75x | as long as short |
| Kalshi KXADAPERP | +0.029% | 0.0000% | 8h | $87K | $5.8M | 3.2x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.032% | L +0.0522% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Polymarket Perps ADA-USD | +0.037% | +0.0100% | 1h | $93K | $738K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.039% | L +0.0005% / S −0.0003% | 1h | $86K | — | 150x | as long as short |
| Reya ADARUSDPERP | +0.050% | +0.0293% | 1h | $1K | — | 15x | as long as short |
| Extended ADA-USD | +0.065% | +0.0104% | 1h | $605K | $1.7M | 50x | as long as short |
| SunX ADA-USDT | +0.067% | +0.0100% | 8h | $9K | $802K | 30x | as long as short |
| Bybit ADAUSDT | +0.070% | +0.0100% | 8h | $71.3M | $110.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.070% | +0.0100% | 8h | $51.5M | $63.3M | 300x | as long as short |
| Bitget ADAUSDT | +0.070% | +0.0100% | 8h | $64.4M | $46.6M | 75x | as long as short |
| Orderly PERP_ADA_USDC | +0.070% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | +0.070% | +0.0100% | 8h | $47.7M | $6.0M | 50x | as long as short |
| BloFin ADA-USDT | +0.070% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Derive ADA-PERP | +0.080% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| edgeX ADAUSDC | +0.081% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| SoDEX ADA-USD | +0.090% | +0.0100% | 1h | $716 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.097% | +0.0100% | 8h | $1.3M | $5.1M | 75x | as long as short |
| Hyperliquid ADA | +0.098% | +0.0128% | 1h | $42.7M | $16.9M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.102% | +0.0323% | 1h | $468K | $409K | 50x | as long as short |
| OKX ADA-USDT-SWAP | +0.111% | +0.0100% | 8h | $32.3M | $109.2M | 50x | as long as short |
| Lighter ADA | +0.139% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| Binance ADAUSDT | +0.148% | +0.0100% | 8h | $101.9M | $365.9M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.148% | +0.0140% | 1h | $6.0M | $11.4M | 50x | as long as short |
| Variational Omni ADA | +0.168% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| ApeX Omni ADAUSDT | +0.274% | +0.0066% | 1h | $229K | $451K | 50x | as long as short |