Spread before costs (cost unknown: a leg has no order-book sample)−0.333%
7d average−0.359%if it closes, per $10,000$33funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Polymarket Perps ADA-USD | 0.2432 | 0.0100 | pay 0.0013% / 1h | 33m 20s | $92K | $730K | 10x |
| Short | Injective ADA/USDC PERP | 0.2424 | 0.0033 | get 0.0004% / 1h | 33m 20s | $832 | $103K | 12x |
Polymarket Perps ADA-USD
Injective ADA/USDC PERPPrice 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
- −$33.3
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$43.32
- Spread needed to break even
- 0.080%
Slippage unknown: Polymarket Perps: live order book, 6 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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, 6 min ago | 2.26 bp | 7.1 bp −$7 | 8.7 bp −$87 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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.Injective0.2424cheapest
Variational Omni0.2429+0.193%Phoenix0.2430+0.243%Gate0.2430+0.248%GMX0.2431+0.282%Extended0.2431+0.288%Bybit0.2431+0.289%MEXC0.2431+0.289%gTrade (Gains Network)0.2431+0.301%SoDEX0.2431+0.305%Reya0.2432+0.310%Derive0.2432+0.315%Binance0.2432+0.317%KuCoin0.2432+0.318%Backpack0.2432+0.326%SunX0.2432+0.329%OKX0.2432+0.330%Bitget0.2432+0.330%BingX0.2432+0.330%Orderly0.2432+0.330%Coinbase International0.2432+0.330%Kraken Futures0.2432+0.332%edgeX0.2432+0.333%dYdX0.2432+0.333%
Variational Omni
Phoenix
Gate
GMX
Extended
Bybit
MEXC
gTrade (Gains Network)
SoDEX
Reya
Derive
Binance
KuCoin
Backpack
SunX
OKX
Bitget
BingX
Orderly
Coinbase International
Kraken Futures
dYdXPolymarket Perps0.2432+0.334%
Pacifica0.2432+0.335%Aster0.2432+0.340%Deribit0.2432+0.342%Paradex0.2433+0.351%Hyperliquid0.2433+0.355%Phemex0.2433+0.371%Lighter0.2433+0.380%HTX0.2434+0.417%ApeX Omni0.2436+0.495%Kalshi0.2436+0.495%BloFin0.2437+0.536%
Pacifica
Aster
Deribit
Paradex
Hyperliquid
Phemex
Lighter
HTX
ApeX Omni
BloFinADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERPshort | −0.333% | +0.0033% | 1h | $832 | $103K | 12x | |
| Variational Omni ADA | −0.141% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | −0.090% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
| Gate ADA_USDT | −0.086% | +0.0100% | 8h | $94.4M | $54.7M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.052% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Extended ADA-USD | −0.046% | +0.0104% | 1h | $609K | $1.7M | 50x | as long as short |
| Bybit ADAUSDT | −0.045% | +0.0100% | 8h | $71.0M | $100.7M | 75x | as long as short |
| MEXC ADA_USDT | −0.045% | +0.0100% | 8h | $51.7M | $59.7M | 300x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.033% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| SoDEX ADA-USD | −0.029% | +0.0100% | 1h | $334 | $13K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya ADARUSDPERP | −0.024% | +0.0292% | 1h | $1K | — | 15x | as long as short |
| Derive ADA-PERP | −0.019% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Binance ADAUSDT | −0.017% | +0.0100% | 8h | $101.2M | $342.4M | 75x | as long as short |
| KuCoin ADAUSDTM | −0.016% | +0.0100% | 8h | $29.9M | $17.8M | 75x | as long as short |
| Backpack ADA_USDC_PERP | −0.008% | +0.0100% | 1h | $103K | $413K | 15x | as long as short |
| SunX ADA-USDT | −0.005% | +0.0100% | 8h | $9K | $756K | 30x | as long as short |
| OKX ADA-USDT-SWAP | −0.004% | +0.0100% | 8h | $32.2M | $102.7M | 50x | as long as short |
| Bitget ADAUSDT | −0.004% | +0.0100% | 8h | $64.2M | $43.4M | 75x | as long as short |
| BingX ADA-USDC | −0.004% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.004% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.004% | +0.0080% | 1h | $474K | $6.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | −0.002% | +0.0354% | 1h | $6.1M | $10.8M | 50x | as long as short |
| edgeX ADAUSDC | −0.002% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| dYdX ADA-USD | −0.001% | +0.0091% | 1h | $201K | $2K | 10x | as long as short |
| Polymarket Perps ADA-USDlong | 0.000% | +0.0100% | 1h | $92K | $730K | 10x | |
| Pacifica ADA | +0.001% | +0.0100% | 1h | $156K | $162K | 10x | as long as short |
| Aster ADAUSDT | +0.006% | +0.0100% | 8h | $1.1M | $1.1M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.008% | +0.0367% | 1h | $474K | $386K | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.017% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.021% | +0.0100% | 1h | $42.4M | $13.5M | 10x | as long as short |
| Phemex ADAUSDT | +0.037% | +0.0100% | 8h | $47.5M | $5.7M | 50x | as long as short |
| Lighter ADA | +0.045% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| HTX ADA-USDT | +0.083% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| ApeX Omni ADAUSDT | +0.160% | +0.0100% | 1h | $228K | $453K | 50x | as long as short |
| Kalshi KXADAPERP | +0.160% | 0.0000% | 8h | $133K | $5.7M | 3.2x | as long as short |
| BloFin ADA-USDT | +0.201% | +0.0220% | 8h | $4.5M | $5.6M | 75x | as long as short |