After costs, if the gap returns to its 7d average, $10k−$59
spread now−0.122%7d average−0.051%fees + slippage, in and out−$52spread needed0.523%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ADA | 0.2450 | 0.0066 | pay 0.0008% / 1h | 59m 19s | $4K | $102K | 10x |
| Short | KuCoin ADAUSDTM | 0.2447 | 0.0100 | get 0.0100% / 8h | 7h 59m | $30.0M | $21.2M | 75x |
Phoenix ADA
KuCoin ADAUSDTMPrice 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
- −$12.25
- Funding while held
- $1.03
- Slippage, 4 orders
- −$33.28
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$63.5
- Spread needed to break even
- 0.523%
Slippage from Phoenix: live order book, 38 min ago; KuCoin: live order book, 6 min ago.
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, 38 min ago | 0.82 bp | 13.2 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 6 min ago | 1.02 bp | 12.5 bp −$12 | 19.9 bp −$199 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestGate0.2445+0.866%Variational Omni0.2446+0.887%GMX0.2446+0.899%Bybit0.2446+0.908%OKX0.2446+0.908%MEXC0.2446+0.908%ApeX Omni0.2446+0.908%Orderly0.2446+0.908%Polymarket Perps0.2446+0.912%Reya0.2446+0.923%Extended0.2446+0.926%
Injective
Gate
Variational Omni
GMX
Bybit
OKX
MEXC
ApeX Omni
Orderly
Polymarket Perps
Reya
ExtendedKuCoin0.2447+0.932%
gTrade (Gains Network)0.2447+0.946%Bitget0.2447+0.949%BingX0.2447+0.949%Phemex0.2447+0.949%BloFin0.2447+0.949%dYdX0.2447+0.954%Binance0.2447+0.955%Aster0.2447+0.965%SoDEX0.2448+0.974%Hyperliquid0.2448+0.979%Backpack0.2448+0.986%Coinbase International0.2448+0.990%Kraken Futures0.2448+0.996%Derive0.2448+0.999%Pacifica0.2448+1.000%HTX0.2448+1.001%edgeX0.2448+1.005%Paradex0.2448+1.006%Deribit0.2448+1.007%Kalshi0.2449+1.031%Lighter0.2450+1.052%
gTrade (Gains Network)
Bitget
BingX
Phemex
BloFin
dYdX
Binance
Aster
SoDEX
Hyperliquid
Backpack
Coinbase International
Kraken Futures
Derive
Pacifica
HTX
Paradex
Deribit
LighterPhoenix0.2450+1.056%
SunX0.2450+1.073%
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 | −1.045% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Gate ADA_USDT | −0.188% | +0.0074% | 8h | $95.1M | $55.4M | 75x | as long as short |
| Variational Omni ADA | −0.167% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.156% | L +0.0534% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Bybit ADAUSDT | −0.147% | +0.0100% | 8h | $71.3M | $111.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.147% | +0.0100% | 8h | $32.1M | $108.6M | 50x | as long as short |
| MEXC ADA_USDT | −0.147% | +0.0100% | 8h | $51.6M | $62.4M | 300x | as long as short |
| ApeX Omni ADAUSDT | −0.147% | +0.0100% | 1h | $228K | $451K | 50x | as long as short |
| Orderly PERP_ADA_USDC | −0.147% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Polymarket Perps ADA-USD | −0.143% | +0.0100% | 1h | $93K | $735K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya ADARUSDPERP | −0.131% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| Extended ADA-USD | −0.129% | +0.0104% | 1h | $606K | $1.7M | 50x | as long as short |
| KuCoin ADAUSDTMshort | −0.122% | +0.0100% | 8h | $30.0M | $21.2M | 75x | |
| gTrade (Gains Network) ADA/USD | −0.109% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| Bitget ADAUSDT | −0.106% | +0.0100% | 8h | $64.5M | $47.0M | 75x | as long as short |
| BingX ADA-USDC | −0.106% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Phemex ADAUSDT | −0.106% | +0.0100% | 8h | $47.8M | $5.9M | 50x | as long as short |
| BloFin ADA-USDT | −0.106% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| dYdX ADA-USD | −0.101% | +0.0061% | 1h | $202K | $2K | 10x | as long as short |
| Binance ADAUSDT | −0.100% | +0.0100% | 8h | $101.7M | $366.8M | 75x | as long as short |
| Aster ADAUSDT | −0.091% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
| SoDEX ADA-USD | −0.082% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| Hyperliquid ADA | −0.077% | +0.0100% | 1h | $42.1M | $16.3M | 10x | as long as short |
| Backpack ADA_USDC_PERP | −0.069% | +0.0100% | 1h | $103K | $432K | 15x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.065% | +0.0120% | 1h | $442K | $6.9M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | −0.059% | +0.0222% | 1h | $5.9M | $11.2M | 50x | as long as short |
| Derive ADA-PERP | −0.057% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Pacifica ADA | −0.056% | +0.0100% | 1h | $161K | $180K | 10x | as long as short |
| HTX ADA-USDT | −0.055% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| edgeX ADAUSDC | −0.050% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| Paradex ADA-USD-PERP | −0.049% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.049% | +0.0118% | 1h | $469K | $423K | 50x | as long as short |
| Kalshi KXADAPERP | −0.024% | 0.0000% | 8h | $99K | $5.8M | 3.2x | as long as short |
| Lighter ADA | −0.004% | +0.0096% | 1h | $2.3M | $981K | 10x | as long as short |
| Phoenix ADAlong | 0.000% | +0.0066% | 1h | $4K | $102K | 10x | |
| SunX ADA-USDT | +0.016% | +0.0100% | 8h | $9K | $808K | 30x | as long as short |