After costs, if the gap returns to its 7d average, $10k−$37
spread now+0.046%7d average−0.043%fees + slippage, in and out−$46spread needed0.455%
| 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 | 17m 14s | $4K | $103K | 10x |
| Short | Pacifica ADA | 0.2446 | 0.0100 | get 0.0013% / 1h | 17m 14s | $161K | $181K | 10x |
Phoenix ADA
Pacifica 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
- $4.58
- Funding while held
- $1.03
- Slippage, 4 orders
- −$30.53
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Net
- −$39.91
- Spread needed to break even
- 0.455%
Slippage from Phoenix: live order book, 20 min ago; Pacifica: live order book, 32 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, 20 min ago | 0.82 bp | 13.2 bp −$13 | 52.4 bp −$524 | doesn't fit | doesn't fit |
| Sell Pacifica live order book, 32 min ago | 2.65 bp | 8.4 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestVariational Omni0.2431+0.301%edgeX0.2435+0.445%HTX0.2443+0.767%ApeX Omni0.2443+0.784%Gate0.2444+0.825%Kalshi0.2444+0.825%Extended0.2444+0.833%GMX0.2445+0.850%Reya0.2445+0.855%Bybit0.2445+0.866%OKX0.2445+0.866%MEXC0.2445+0.866%Bitget0.2445+0.866%Orderly0.2445+0.866%Phemex0.2445+0.866%
Injective
Variational Omni
HTX
ApeX Omni
Gate
Extended
GMX
Reya
Bybit
OKX
MEXC
Bitget
Orderly
PhemexPhoenix0.2445+0.879%
Derive0.2445+0.887%SoDEX0.2445+0.887%gTrade (Gains Network)0.2446+0.902%SunX0.2446+0.907%Binance0.2446+0.908%KuCoin0.2446+0.908%BingX0.2446+0.908%Coinbase International0.2446+0.908%Kraken Futures0.2446+0.917%Deribit0.2446+0.920%
Derive
SoDEX
gTrade (Gains Network)
SunX
Binance
KuCoin
BingX
Coinbase International
Kraken Futures
DeribitPacifica0.2446+0.925%
Aster0.2447+0.936%dYdX0.2447+0.942%Backpack0.2447+0.945%BloFin0.2447+0.949%Paradex0.2447+0.961%Lighter0.2448+0.974%Polymarket Perps0.2449+1.019%Hyperliquid0.2450+1.068%
Aster
dYdX
Backpack
BloFin
Paradex
Lighter
Polymarket Perps
HyperliquidADA 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 |
| Variational Omni ADA | −0.573% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | −0.430% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |
| HTX ADA-USDT | −0.111% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| ApeX Omni ADAUSDT | −0.094% | +0.0100% | 1h | $228K | $449K | 50x | as long as short |
| Gate ADA_USDT | −0.053% | +0.0069% | 8h | $94.7M | $59.4M | 75x | as long as short |
| Kalshi KXADAPERP | −0.053% | 0.0000% | 8h | $109K | $5.8M | 3.2x | as long as short |
| Extended ADA-USD | −0.045% | +0.0104% | 1h | $607K | $1.7M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.028% | L +0.0535% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Reya ADARUSDPERP | −0.024% | +0.0294% | 1h | $1K | — | 15x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | −0.012% | +0.0100% | 8h | $70.9M | $111.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.012% | +0.0100% | 8h | $32.1M | $108.1M | 50x | as long as short |
| MEXC ADA_USDT | −0.012% | +0.0100% | 8h | $52.6M | $63.9M | 300x | as long as short |
| Bitget ADAUSDT | −0.012% | +0.0100% | 8h | $64.6M | $47.0M | 75x | as long as short |
| Orderly PERP_ADA_USDC | −0.012% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.012% | +0.0100% | 8h | $47.8M | $5.8M | 50x | as long as short |
| Phoenix ADAlong | 0.000% | +0.0066% | 1h | $4K | $103K | 10x | |
| Derive ADA-PERP | +0.008% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| SoDEX ADA-USD | +0.008% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.023% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| SunX ADA-USDT | +0.028% | +0.0100% | 8h | $9K | $806K | 30x | as long as short |
| Binance ADAUSDT | +0.029% | +0.0100% | 8h | $101.5M | $365.7M | 75x | as long as short |
| KuCoin ADAUSDTM | +0.029% | +0.0100% | 8h | $30.2M | $21.2M | 75x | as long as short |
| BingX ADA-USDC | +0.029% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Coinbase International ADA-PERP-INTX | +0.029% | +0.0120% | 1h | $445K | $6.9M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.038% | +0.0222% | 1h | $5.9M | $11.3M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.041% | +0.0077% | 1h | $469K | $422K | 50x | as long as short |
| Pacifica ADAshort | +0.046% | +0.0100% | 1h | $161K | $181K | 10x | |
| Aster ADAUSDT | +0.056% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| dYdX ADA-USD | +0.063% | +0.0087% | 1h | $202K | $2K | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.065% | +0.0100% | 1h | $103K | $431K | 15x | as long as short |
| BloFin ADA-USDT | +0.070% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.082% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Lighter ADA | +0.094% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Polymarket Perps ADA-USD | +0.139% | +0.0100% | 1h | $93K | $732K | 10x | as long as short |
| Hyperliquid ADA | +0.188% | +0.0100% | 1h | $42.1M | $16.3M | 10x | as long as short |