After costs, if the gap returns to its 7d average, $10k−$43
spread now−0.021%7d average—fees + slippage, in and out−$41spread needed0.410%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ADA-USD | 0.2437 | 0.0100 | pay 0.0013% / 1h | 35m 32s | $92K | $730K | 10x |
| Short | BingX ADA-USDC | 0.2436 | 0.0100 | get 0.0100% / 8h | 6h 35m | — | $6.5M | — |
Polymarket Perps ADA-USD
BingX ADA-USDCPrice 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
- −$2.05
- Funding while held
- $0
- Slippage, 4 orders
- −$22.99
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$43.04
- Spread needed to break even
- 0.410%
Slippage from Polymarket Perps: live order book, 4 min ago; BingX: live order book, 7 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- 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 Polymarket Perps live order book, 4 min ago | 2.26 bp | 7.1 bp −$7 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell BingX live order book, 7 min ago | 4.11 bp | 12.5 bp −$12 | 26.0 bp −$260 | 80.5 bp −$8,051 | 590.1 bp −$295.0K |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestApeX Omni0.2427+0.124%Variational Omni0.2429+0.193%SunX0.2429+0.205%GMX0.2430+0.239%Phoenix0.2430+0.243%Kalshi0.2430+0.248%Orderly0.2431+0.289%Coinbase International0.2431+0.289%Derive0.2431+0.307%Phemex0.2432+0.330%BloFin0.2432+0.330%edgeX0.2432+0.333%SoDEX0.2432+0.334%HTX0.2433+0.360%Backpack0.2433+0.388%Deribit0.2433+0.388%Aster0.2434+0.395%dYdX0.2434+0.407%Kraken Futures0.2434+0.410%Pacifica0.2435+0.451%Gate0.2435+0.454%MEXC0.2435+0.454%Extended0.2435+0.474%gTrade (Gains Network)0.2435+0.474%Reya0.2436+0.476%Lighter0.2436+0.491%Binance0.2436+0.495%Bybit0.2436+0.495%OKX0.2436+0.495%Bitget0.2436+0.495%
Injective
ApeX Omni
Variational Omni
SunX
GMX
Phoenix
Orderly
Coinbase International
Derive
Phemex
BloFin
SoDEX
HTX
Backpack
Deribit
Aster
dYdX
Kraken Futures
Pacifica
Gate
MEXC
Extended
gTrade (Gains Network)
Reya
Lighter
Binance
Bybit
OKX
BitgetBingX0.2436+0.495%
KuCoin0.2436+0.503%
KuCoinPolymarket Perps0.2437+0.516%
Paradex0.2437+0.527%Hyperliquid0.2437+0.545%
Paradex
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 | −0.513% | +0.0033% | 1h | $832 | $103K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.390% | +0.0100% | 1h | $227K | $453K | 50x | as long as short |
| Variational Omni ADA | −0.321% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| SunX ADA-USDT | −0.309% | +0.0100% | 8h | $9K | $757K | 30x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.275% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Phoenix ADA | −0.271% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
| Kalshi KXADAPERP | −0.267% | 0.0000% | 8h | $91K | $5.7M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | −0.226% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.226% | +0.0080% | 1h | $473K | $6.8M | 50x | as long as short |
| Derive ADA-PERP | −0.208% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex ADAUSDT | −0.185% | +0.0100% | 8h | $47.4M | $5.7M | 50x | as long as short |
| BloFin ADA-USDT | −0.185% | +0.0220% | 8h | $4.5M | $6.4M | 75x | as long as short |
| edgeX ADAUSDC | −0.182% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| SoDEX ADA-USD | −0.181% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | −0.155% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Backpack ADA_USDC_PERP | −0.127% | +0.0100% | 1h | $103K | $416K | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | −0.127% | +0.0614% | 1h | $474K | $386K | 50x | as long as short |
| Aster ADAUSDT | −0.120% | +0.0100% | 8h | $1.1M | $1.1M | 75x | as long as short |
| dYdX ADA-USD | −0.108% | +0.0098% | 1h | $201K | $2K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | −0.106% | +0.0354% | 1h | $6.1M | $10.8M | 50x | as long as short |
| Pacifica ADA | −0.064% | +0.0100% | 1h | $157K | $162K | 10x | as long as short |
| Gate ADA_USDT | −0.062% | +0.0100% | 8h | $94.6M | $54.6M | 75x | as long as short |
| MEXC ADA_USDT | −0.062% | +0.0100% | 8h | $51.8M | $59.7M | 300x | as long as short |
| Extended ADA-USD | −0.041% | +0.0104% | 1h | $609K | $1.7M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.041% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| Reya ADARUSDPERP | −0.039% | +0.0292% | 1h | $1K | — | 15x | as long as short |
| Lighter ADA | −0.025% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Binance ADAUSDT | −0.021% | +0.0100% | 8h | $101.3M | $343.3M | 75x | as long as short |
| Bybit ADAUSDT | −0.021% | +0.0100% | 8h | $71.1M | $101.1M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.021% | +0.0100% | 8h | $32.2M | $103.0M | 50x | as long as short |
| Bitget ADAUSDT | −0.021% | +0.0100% | 8h | $64.3M | $43.4M | 75x | as long as short |
| BingX ADA-USDCshort | −0.021% | +0.0100% | 8h | — | $6.5M | — | |
| KuCoin ADAUSDTM | −0.012% | +0.0100% | 8h | $30.0M | $17.8M | 75x | as long as short |
| Polymarket Perps ADA-USDlong | 0.000% | +0.0100% | 1h | $92K | $730K | 10x | |
| Paradex ADA-USD-PERP | +0.012% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.029% | +0.0100% | 1h | $42.5M | $13.5M | 10x | as long as short |