Spread before costs (cost unknown: a leg has no order-book sample)+0.241%
7d average—if it closes, per $10,000$24funding while held, a day+$1.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ADA | 0.2445 | 0.0066 | pay 0.0008% / 1h | 13m 55s | $4K | $103K | 10x |
| Short | Derive ADA-PERP | 0.2451 | 0.0100 | get 0.0013% / 1h | 13m 55s | $40K | $3K | 5x |
Phoenix ADA
Derive ADA-PERPPrice 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
- $24.12
- Funding while held
- $1.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $12.15
- Spread needed to break even
- 0.130%
Slippage unknown: Phoenix: live order book, 24 min ago; Derive: no order-book sample. Net counts fees only.
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 Phoenix live order book, 24 min ago | 0.82 bp | 13.2 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Derive no order-book sample | — | — | — | — | — |
Derive: 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.Injective0.2424cheapestApeX Omni0.2443+0.784%Variational Omni0.2443+0.796%
Injective
ApeX Omni
Variational OmniPhoenix0.2445+0.879%
edgeX0.2447+0.937%Bybit0.2449+1.031%OKX0.2449+1.031%Phemex0.2449+1.031%Gate0.2450+1.073%Kalshi0.2450+1.073%Extended0.2450+1.089%GMX0.2451+1.096%HTX0.2451+1.101%gTrade (Gains Network)0.2451+1.110%MEXC0.2451+1.114%Bitget0.2451+1.114%BingX0.2451+1.114%Orderly0.2451+1.114%Coinbase International0.2451+1.114%BloFin0.2451+1.114%KuCoin0.2451+1.118%SoDEX0.2451+1.118%
Bybit
OKX
Phemex
Gate
Extended
GMX
HTX
gTrade (Gains Network)
MEXC
Bitget
BingX
Orderly
Coinbase International
BloFin
KuCoin
SoDEXDerive0.2451+1.122%
Aster0.2451+1.124%Binance0.2451+1.126%Reya0.2451+1.126%Pacifica0.2452+1.143%Backpack0.2452+1.151%dYdX0.2452+1.151%Hyperliquid0.2452+1.163%Deribit0.2452+1.163%Kraken Futures0.2452+1.170%Lighter0.2452+1.172%Paradex0.2452+1.174%Polymarket Perps0.2453+1.184%SunX0.2453+1.195%
Aster
Binance
Reya
Pacifica
Backpack
dYdX
Hyperliquid
Deribit
Kraken Futures
Lighter
Paradex
Polymarket Perps
SunXADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.871% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.094% | +0.0100% | 1h | $228K | $449K | 50x | as long as short |
| Variational Omni ADA | −0.082% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADAlong | 0.000% | +0.0066% | 1h | $4K | $103K | 10x | |
| edgeX ADAUSDC | +0.058% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| Bybit ADAUSDT | +0.151% | +0.0100% | 8h | $71.2M | $112.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.151% | +0.0100% | 8h | $32.1M | $108.5M | 50x | as long as short |
| Phemex ADAUSDT | +0.151% | +0.0100% | 8h | $47.9M | $5.8M | 50x | as long as short |
| Gate ADA_USDT | +0.192% | +0.0067% | 8h | $94.9M | $59.6M | 75x | as long as short |
| Kalshi KXADAPERP | +0.192% | 0.0000% | 8h | $110K | $5.8M | 3.2x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ADA-USD | +0.208% | +0.0104% | 1h | $608K | $1.7M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.215% | L +0.0535% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| HTX ADA-USDT | +0.220% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.229% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| MEXC ADA_USDT | +0.233% | +0.0100% | 8h | $52.1M | $64.0M | 300x | as long as short |
| Bitget ADAUSDT | +0.233% | +0.0100% | 8h | $64.7M | $46.8M | 75x | as long as short |
| BingX ADA-USDC | +0.233% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Orderly PERP_ADA_USDC | +0.233% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.233% | +0.0120% | 1h | $444K | $6.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.233% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| KuCoin ADAUSDTM | +0.237% | +0.0100% | 8h | $30.2M | $21.1M | 75x | as long as short |
| SoDEX ADA-USD | +0.237% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| Derive ADA-PERPshort | +0.241% | +0.0100% | 1h | $40K | $3K | 5x | |
| Aster ADAUSDT | +0.243% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Binance ADAUSDT | +0.245% | +0.0100% | 8h | $101.7M | $366.0M | 75x | as long as short |
| Reya ADARUSDPERP | +0.245% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| Pacifica ADA | +0.262% | +0.0100% | 1h | $161K | $181K | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.270% | +0.0100% | 1h | $103K | $430K | 15x | as long as short |
| dYdX ADA-USD | +0.270% | +0.0082% | 1h | $203K | $2K | 10x | as long as short |
| Hyperliquid ADA | +0.282% | +0.0100% | 1h | $42.2M | $16.3M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.282% | +0.0158% | 1h | $470K | $422K | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.289% | +0.0222% | 1h | $5.9M | $11.3M | 50x | as long as short |
| Lighter ADA | +0.290% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.293% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Polymarket Perps ADA-USD | +0.303% | +0.0100% | 1h | $94K | $734K | 10x | as long as short |
| SunX ADA-USDT | +0.314% | +0.0100% | 8h | $9K | $806K | 30x | as long as short |