Spread before costs (cost unknown: a leg has no order-book sample)+0.235%
7d average—if it closes, per $10,000$23funding while held, a day+$1.03
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Phoenix ADA | 0.2432 | 0.0066 | pay 0.0008% / 1h | 52m 12s | $4K | $103K | 10x |
| Short | Variational Omni ADA | 0.2438 | 0.0100 | get 0.0100% / 8h | 1h 52m | $4.2M | $979K | — |
Phoenix ADA
Variational Omni 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
- $23.46
- Funding while held
- $1.03
- Slippage, 4 orders
- no order book: not counted
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- $17.49
- Spread needed to break even
- 0.070%
Slippage unknown: Phoenix: no order-book sample; Variational Omni: RFQ quote, 3 min ago. 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 no order-book sample | — | — | — | — | — |
| Sell Variational Omni RFQ quote, 3 min ago | 6.16 bp | doesn't fit | 10.3 bp −$103 | doesn't fit | doesn't fit |
Phoenix: 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.Injective0.2282cheapest
BloFin0.2405+5.390%Paradex0.2409+5.582%Polymarket Perps0.2410+5.596%Reya0.2410+5.600%Pacifica0.2410+5.604%Gate0.2410+5.609%BingX0.2410+5.609%dYdX0.2410+5.626%Aster0.2411+5.645%GMX0.2411+5.649%Bitget0.2411+5.653%Hyperliquid0.2412+5.675%Bybit0.2412+5.697%OKX0.2412+5.697%MEXC0.2412+5.697%gTrade (Gains Network)0.2412+5.705%HTX0.2412+5.711%Binance0.2413+5.741%Backpack0.2413+5.741%Orderly0.2413+5.741%Phemex0.2413+5.741%Derive0.2414+5.771%Coinbase International0.2414+5.784%Lighter0.2414+5.798%Kraken Futures0.2414+5.806%SoDEX0.2414+5.806%Extended0.2415+5.812%SunX0.2415+5.823%Kalshi0.2415+5.828%KuCoin0.2415+5.850%Deribit0.2416+5.859%ApeX Omni0.2426+6.310%edgeX0.2426+6.331%
Injective
BloFin
Paradex
Polymarket Perps
Reya
Pacifica
Gate
BingX
dYdX
Aster
GMX
Bitget
Hyperliquid
Bybit
OKX
MEXC
gTrade (Gains Network)
HTX
Binance
Backpack
Orderly
Phemex
Derive
Coinbase International
Lighter
Kraken Futures
SoDEX
Extended
SunX
KuCoin
Deribit
ApeX OmniPhoenix0.2432+6.578%
Variational Omni0.2438+6.828%
ADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −6.172% | +0.0033% | 1h | $784 | $95K | 12x | as long as short |
| BloFin ADA-USDT | −1.114% | +0.0220% | 8h | $4.5M | $5.9M | 75x | as long as short |
| Paradex ADA-USD-PERP | −0.934% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Polymarket Perps ADA-USD | −0.921% | +0.0100% | 1h | $91K | $719K | 10x | as long as short |
| Reya ADARUSDPERP | −0.917% | +0.0297% | 1h | $1K | — | 15x | as long as short |
| Pacifica ADA | −0.914% | +0.0100% | 1h | $158K | $168K | 10x | as long as short |
| Gate ADA_USDT | −0.909% | +0.0086% | 8h | $92.5M | $55.1M | 75x | as long as short |
| BingX ADA-USDC | −0.909% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| dYdX ADA-USD | −0.893% | 0.0000% | 1h | $199K | $2K | 10x | as long as short |
| Aster ADAUSDT | −0.875% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| GMX ADA/USD [WBTC.b-USDC] | −0.871% | L +0.0541% / S −0.0369% | 1h | $106K | — | 100x | as long as short |
| Bitget ADAUSDT | −0.868% | +0.0100% | 8h | $62.9M | $45.2M | 75x | as long as short |
| Hyperliquid ADA | −0.847% | +0.0100% | 1h | $41.2M | $16.3M | 10x | as long as short |
| Bybit ADAUSDT | −0.826% | +0.0100% | 8h | $69.2M | $108.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.826% | +0.0100% | 8h | $32.0M | $101.7M | 50x | as long as short |
| MEXC ADA_USDT | −0.826% | +0.0100% | 8h | $50.1M | $60.4M | 300x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.819% | L +0.0005% / S −0.0003% | 1h | $82K | — | 150x | as long as short |
| HTX ADA-USDT | −0.813% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Binance ADAUSDT | −0.785% | +0.0100% | 8h | $100.7M | $343.9M | 75x | as long as short |
| Backpack ADA_USDC_PERP | −0.785% | +0.0100% | 1h | $104K | $415K | 15x | as long as short |
| Orderly PERP_ADA_USDC | −0.785% | +0.0100% | 8h | $5K | $38K | 20x | as long as short |
| Phemex ADAUSDT | −0.785% | +0.0100% | 8h | $47.3M | $5.7M | 50x | as long as short |
| Derive ADA-PERP | −0.757% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.744% | +0.0136% | 1h | $452K | $6.3M | 50x | as long as short |
| Lighter ADA | −0.732% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| Kraken Futures PF_ADAUSD | −0.724% | −0.0070% | 1h | $5.9M | $11.1M | 50x | as long as short |
| SoDEX ADA-USD | −0.724% | +0.0100% | 1h | $332 | $13K | 10x | as long as short |
| Extended ADA-USD | −0.718% | +0.0104% | 1h | $632K | $1.5M | 50x | as long as short |
| SunX ADA-USDT | −0.708% | +0.0100% | 8h | $9K | $760K | 30x | as long as short |
| Kalshi KXADAPERP | −0.703% | 0.0000% | 8h | $152K | $5.4M | 3.2x | as long as short |
| KuCoin ADAUSDTM | −0.683% | +0.0100% | 8h | $29.9M | $20.5M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.674% | +0.0040% | 1h | $451K | $356K | 50x | as long as short |
| ApeX Omni ADAUSDT | −0.251% | +0.0100% | 1h | $91K | $319K | 50x | as long as short |
| edgeX ADAUSDC | −0.231% | +0.0100% | 4h | $65K | $352K | 20x | as long as short |
| Phoenix ADAlong | 0.000% | +0.0066% | 1h | $4K | $103K | 10x | |
| Variational Omni ADAshort | +0.235% | +0.0100% | 8h | $4.2M | $979K | — |