After costs, if the gap returns to its 7d average, $10k−$41
spread now+0.015%7d average−0.054%fees + slippage, in and out−$47spread needed0.475%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ADA | 0.2431 | 0.0131 | pay 0.0016% / 1h | 20m 13s | $4K | $103K | 10x |
| Short | edgeX ADAUSDC | 0.2431 | 0.0100 | get 0.0050% / 4h | 3h 20m | $64K | $277K | 20x |
Phoenix ADAPrice 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
- $1.54
- Funding while held
- −$0.92
- Slippage, 4 orders
- −$31.45
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee edgeX: 4.5 bp × 2 orders
- −$9
- Net
- −$46.83
- Spread needed to break even
- 0.475%
Slippage from Phoenix: live order book, 12 min ago; edgeX: live order book, 24 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, 12 min ago | 0.82 bp | 13.1 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell edgeX live order book, 24 min ago | 6.10 bp | 10.6 bp −$11 | 29.2 bp −$292 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Gate0.2420cheapestExtended0.2420+0.019%Reya0.2420+0.020%GMX0.2421+0.023%Bybit0.2421+0.041%OKX0.2421+0.041%MEXC0.2421+0.041%BingX0.2421+0.041%Orderly0.2421+0.041%gTrade (Gains Network)0.2421+0.045%HTX0.2421+0.061%Polymarket Perps0.2422+0.062%SoDEX0.2422+0.062%KuCoin0.2422+0.070%Derive0.2422+0.080%Bitget0.2422+0.083%Coinbase International0.2422+0.083%Binance0.2422+0.094%Backpack0.2422+0.095%Aster0.2422+0.097%Pacifica0.2423+0.108%Deribit0.2423+0.116%Lighter0.2423+0.124%Kalshi0.2423+0.124%Phemex0.2423+0.124%Paradex0.2423+0.126%dYdX0.2423+0.129%Hyperliquid0.2424+0.145%SunX0.2424+0.163%Injective0.2424+0.165%Kraken Futures0.2424+0.166%BloFin0.2425+0.207%Variational Omni0.2428+0.313%
Gate
Extended
Reya
GMX
Bybit
OKX
MEXC
BingX
Orderly
gTrade (Gains Network)
HTX
Polymarket Perps
SoDEX
KuCoin
Derive
Bitget
Coinbase International
Binance
Backpack
Aster
Pacifica
Deribit
Lighter
Phemex
Paradex
dYdX
Hyperliquid
SunX
Injective
Kraken Futures
BloFin
Variational OmniPhoenix0.2431+0.450%
ApeX Omni0.2434+0.579%
ApeX OmniADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | −0.448% | +0.0100% | 8h | $94.1M | $57.0M | 75x | as long as short |
| Extended ADA-USD | −0.429% | +0.0104% | 1h | $597K | $1.7M | 50x | as long as short |
| Reya ADARUSDPERP | −0.429% | +0.0293% | 1h | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.425% | L +0.0519% / S −0.0276% | 1h | $111K | — | 100x | as long as short |
| Bybit ADAUSDT | −0.407% | +0.0100% | 8h | $70.5M | $108.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.407% | +0.0100% | 8h | $32.1M | $106.6M | 50x | as long as short |
| MEXC ADA_USDT | −0.407% | +0.0100% | 8h | $51.1M | $63.5M | 300x | as long as short |
| BingX ADA-USDC | −0.407% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.407% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.404% | L +0.0005% / S −0.0003% | 1h | $85K | — | 150x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| HTX ADA-USDT | −0.388% | +0.0100% | 8h | $1.3M | $5.0M | 75x | as long as short |
| Polymarket Perps ADA-USD | −0.387% | +0.0100% | 1h | $92K | $740K | 10x | as long as short |
| SoDEX ADA-USD | −0.387% | +0.0100% | 1h | $333 | $13K | 10x | as long as short |
| KuCoin ADAUSDTM | −0.378% | +0.0100% | 8h | $29.9M | $20.0M | 75x | as long as short |
| Derive ADA-PERP | −0.369% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Bitget ADAUSDT | −0.366% | +0.0100% | 8h | $64.2M | $45.9M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.366% | +0.0112% | 1h | $484K | $7.0M | 50x | as long as short |
| Binance ADAUSDT | −0.355% | +0.0100% | 8h | $100.7M | $359.6M | 75x | as long as short |
| Backpack ADA_USDC_PERP | −0.354% | +0.0100% | 1h | $100K | $421K | 15x | as long as short |
| Aster ADAUSDT | −0.352% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Pacifica ADA | −0.341% | +0.0100% | 1h | $158K | $177K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.333% | +0.0287% | 1h | $464K | $401K | 50x | as long as short |
| Lighter ADA | −0.325% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| Kalshi KXADAPERP | −0.325% | 0.0000% | 8h | $82K | $5.7M | 3.2x | as long as short |
| Phemex ADAUSDT | −0.325% | +0.0100% | 8h | $47.3M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | −0.323% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| dYdX ADA-USD | −0.320% | +0.0010% | 1h | $200K | $2K | 10x | as long as short |
| Hyperliquid ADA | −0.304% | +0.0100% | 1h | $42.4M | $14.8M | 10x | as long as short |
| SunX ADA-USDT | −0.286% | +0.0100% | 8h | $9K | $788K | 30x | as long as short |
| Injective ADA/USDC PERP | −0.284% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Kraken Futures PF_ADAUSD | −0.283% | +0.0141% | 1h | $5.9M | $11.3M | 50x | as long as short |
| BloFin ADA-USDT | −0.243% | +0.0220% | 8h | $4.4M | $6.2M | 75x | as long as short |
| Variational Omni ADA | −0.136% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADAlong | 0.000% | +0.0131% | 1h | $4K | $103K | 10x | |
| edgeX ADAUSDCshort | +0.015% | +0.0100% | 4h | $64K | $277K | 20x | |
| ApeX Omni ADAUSDT | +0.128% | +0.0100% | 1h | $227K | $452K | 50x | as long as short |