data as of
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Price arb /

ADA

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Checked every minute; it has to hold two checks in a row. Delivery to Telegram comes later, so for now alerts appear on the alerts page.

After costs, if the gap returns to its 7d average, $10k−$70
spread now−0.331%7d average−0.035%fees + slippage, in and out−$40spread needed0.404%
Long on PhoenixShort on Binance
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongPhoenix ADA0.24470.0131pay 0.0016% / 1h28m 09s$4K$103K10x
ShortBinance ADAUSDT0.24380.0100get 0.0100% / 8h7h 28m$101.6M$365.6M75x

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
−$33.08
Funding while held
−$0.92
Slippage, 4 orders
−$23.36
Fee Phoenix: 3.5 bp × 2 orders
−$7
Fee Binance: 5 bp × 2 orders
−$10
Net
−$74.36
Spread needed to break even
0.404%
Slippage from Phoenix: live order book, 4 min ago; Binance: 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
LegHalf-spread$10k$100k$1M$5M
Buy Phoenix live order book, 4 min ago0.82 bp13.1 bp −$1352.4 bp −$524doesn't fitdoesn't fit
Sell Binance live order book, 2 min ago2.05 bp7.0 bp −$79.0 bp −$9022.0 bp −$2,20474.5 bp −$37.2K

ADA price on every exchange

against the cheapest. Click to use as the short leg.
Injective0.2424cheapestBybit0.2436+0.495%OKX0.2437+0.536%MEXC0.2438+0.578%Bitget0.2438+0.578%Orderly0.2438+0.578%Coinbase International0.2438+0.578%Pacifica0.2438+0.594%
Binance0.2438+0.594%
dYdX0.2438+0.595%SoDEX0.2439+0.598%Derive0.2439+0.599%Extended0.2439+0.601%KuCoin0.2439+0.611%Lighter0.2439+0.619%BingX0.2439+0.619%Deribit0.2439+0.619%Phemex0.2439+0.619%BloFin0.2439+0.619%Backpack0.2439+0.635%GMX0.2440+0.642%Kraken Futures0.2440+0.643%Paradex0.2440+0.650%Gate0.2440+0.660%Kalshi0.2440+0.660%Polymarket Perps0.2440+0.660%Aster0.2440+0.665%gTrade (Gains Network)0.2440+0.670%Reya0.2440+0.678%HTX0.2442+0.724%Variational Omni0.2442+0.727%SunX0.2442+0.741%Hyperliquid0.2442+0.747%ApeX Omni0.2444+0.825%edgeX0.2446+0.902%
Phoenix0.2447+0.928%

ADA on 36 venues

cheapest first. Swap a leg.
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
Injective ADA/USDC PERP−0.920%+0.0033%1h$832$124K12xas long as short
Bybit ADAUSDT−0.429%+0.0100%8h$71.1M$109.8M75xas long as short
OKX ADA-USDT-SWAP−0.388%+0.0100%8h$32.3M$108.7M50xas long as short
MEXC ADA_USDT−0.347%+0.0100%8h$51.8M$63.4M300xas long as short
Bitget ADAUSDT−0.347%+0.0100%8h$64.6M$46.8M75xas long as short
Orderly PERP_ADA_USDC−0.347%+0.0100%8h$6K$36K20xas long as short
Coinbase International ADA-PERP-INTX−0.347%+0.0112%1h$487K$7.2M50xas long as short
Pacifica ADA−0.331%+0.0100%1h$159K$177K10xas long as short
Binance ADAUSDTshort−0.331%+0.0100%8h$101.6M$365.6M75x
dYdX ADA-USD−0.330%0.0000%1h$202K$2K10xas long as short
Show all 36 venues
Exchangevs long legFunding /8hEveryOIVol 24hMax lev
SoDEX ADA-USD−0.327%+0.0100%1h$715$13K10xas long as short
Derive ADA-PERP−0.326%+0.0100%1h$40K$3K5xas long as short
Extended ADA-USD−0.325%+0.0104%1h$603K$1.7M50xas long as short
KuCoin ADAUSDTM−0.315%+0.0100%8h$30.1M$20.7M75xas long as short
Lighter ADA−0.307%+0.0096%1h$2.2M$1.0M10xas long as short
BingX ADA-USDC−0.307%+0.0100%8h—$6.5M—as long as short
Deribit ADA_USDC-PERPETUAL−0.307%+0.0406%1h$468K$408K50xas long as short
Phemex ADAUSDT−0.307%+0.0100%8h$47.6M$6.0M50xas long as short
BloFin ADA-USDT−0.307%+0.0220%8h$4.4M$6.3M75xas long as short
Backpack ADA_USDC_PERP−0.290%+0.0100%1h$103K$427K15xas long as short
GMX ADA/USD [WBTC.b-USDC]−0.283%L +0.0521% / S −0.0276%1h$112K—100xas long as short
Kraken Futures PF_ADAUSD−0.283%+0.0140%1h$6.0M$11.4M50xas long as short
Paradex ADA-USD-PERP−0.276%+0.0100%8h$20K$25020xas long as short
Gate ADA_USDT−0.266%+0.0100%8h$95.0M$56.7M75xas long as short
Kalshi KXADAPERP−0.266%0.0000%8h$83K$5.8M3.2xas long as short
Polymarket Perps ADA-USD−0.266%+0.0100%1h$93K$738K10xas long as short
Aster ADAUSDT−0.260%+0.0100%8h$1.1M$1.4M75xas long as short
gTrade (Gains Network) ADA/USD−0.256%L +0.0005% / S −0.0003%1h$86K—150xas long as short
Reya ADARUSDPERP−0.248%+0.0293%1h$1K—15xas long as short
HTX ADA-USDT−0.202%+0.0100%8h$1.3M$5.1M75xas long as short
Variational Omni ADA−0.199%+0.0100%8h$4.2M$1.0M—as long as short
SunX ADA-USDT−0.186%+0.0100%8h$9K$801K30xas long as short
Hyperliquid ADA−0.180%+0.0115%1h$42.7M$16.9M10xas long as short
ApeX Omni ADAUSDT−0.102%+0.0100%1h$228K$452K50xas long as short
edgeX ADAUSDC−0.026%+0.0100%4h$65K$278K20xas long as short
Phoenix ADAlong0.000%+0.0131%1h$4K$103K10x