Spread before costs (cost unknown: a leg has no order-book sample)−0.083%
7d average—if it closes, per $10,000$8funding while held, a day−$6.56
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ADARUSDPERP | 0.2434 | 0.0291 | pay 0.0036% / 1h | 25m 39s | $1K | — | 15x |
| Short | Coinbase International ADA-PERP-INTX | 0.2432 | 0.0072 | get 0.0009% / 1h | 25m 39s | $469K | $6.8M | 50x |
Reya ADARUSDPERP
Coinbase International ADA-PERP-INTXPrice 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
- −$8.29
- Funding while held
- −$6.56
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$30.84
- Spread needed to break even
- 0.160%
Slippage unknown: Reya: no order-book sample; Coinbase International: live order book, 5 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0219%
- Per $10,000 a day
- −$6.56
- 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 Reya no order-book sample | — | — | — | — | — |
| Sell Coinbase International live order book, 5 min ago | 4.11 bp | 9.9 bp −$10 | 16.4 bp −$164 | doesn't fit | doesn't fit |
Reya: 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.Injective0.2424cheapestBybit0.2428+0.165%OKX0.2428+0.165%Binance0.2429+0.216%Gate0.2430+0.248%MEXC0.2430+0.248%Bitget0.2430+0.248%Extended0.2430+0.265%BingX0.2431+0.289%Aster0.2431+0.308%Pacifica0.2432+0.318%KuCoin0.2432+0.326%
Injective
Bybit
OKX
Binance
Gate
MEXC
Bitget
Extended
BingX
Aster
Pacifica
KuCoinCoinbase International0.2432+0.330%
Paradex0.2432+0.333%dYdX0.2433+0.355%Lighter0.2433+0.363%Hyperliquid0.2433+0.371%Polymarket Perps0.2433+0.388%GMX0.2433+0.392%gTrade (Gains Network)0.2434+0.409%ApeX Omni0.2434+0.413%BloFin0.2434+0.413%
Paradex
dYdX
Lighter
Hyperliquid
Polymarket Perps
GMX
gTrade (Gains Network)
ApeX Omni
BloFinReya0.2434+0.413%
SoDEX0.2434+0.433%Variational Omni0.2435+0.438%Phoenix0.2435+0.454%Orderly0.2435+0.454%Phemex0.2435+0.454%Kraken Futures0.2435+0.462%Backpack0.2435+0.462%Derive0.2436+0.481%HTX0.2436+0.486%Deribit0.2436+0.491%SunX0.2436+0.493%Kalshi0.2436+0.495%edgeX0.2436+0.507%
SoDEX
Variational Omni
Phoenix
Orderly
Phemex
Kraken Futures
Backpack
Derive
HTX
Deribit
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 | −0.412% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| Bybit ADAUSDT | −0.247% | +0.0100% | 8h | $70.1M | $99.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.247% | +0.0100% | 8h | $32.2M | $102.8M | 50x | as long as short |
| Binance ADAUSDT | −0.197% | +0.0100% | 8h | $101.0M | $342.6M | 75x | as long as short |
| Gate ADA_USDT | −0.165% | +0.0100% | 8h | $95.7M | $56.0M | 75x | as long as short |
| MEXC ADA_USDT | −0.165% | +0.0100% | 8h | $52.5M | $58.0M | 300x | as long as short |
| Bitget ADAUSDT | −0.165% | +0.0100% | 8h | $64.3M | $41.7M | 75x | as long as short |
| Extended ADA-USD | −0.147% | +0.0104% | 1h | $596K | $1.7M | 50x | as long as short |
| BingX ADA-USDT | −0.124% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| Aster ADAUSDT | −0.104% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica ADA | −0.095% | +0.0100% | 1h | $156K | $148K | 10x | as long as short |
| KuCoin ADAUSDTM | −0.087% | +0.0100% | 8h | $30.0M | $17.6M | 75x | as long as short |
| Coinbase International ADA-PERP-INTXshort | −0.083% | +0.0072% | 1h | $469K | $6.8M | 50x | |
| Paradex ADA-USD-PERP | −0.080% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| dYdX ADA-USD | −0.058% | 0.0000% | 1h | $201K | $2K | 10x | as long as short |
| Lighter ADA | −0.050% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Hyperliquid ADA | −0.042% | +0.0100% | 1h | $42.4M | $13.7M | 10x | as long as short |
| Polymarket Perps ADA-USD | −0.025% | +0.0100% | 1h | $91K | $727K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.022% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.004% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| ApeX Omni ADAUSDT | −0.001% | +0.0100% | 1h | $229K | $456K | 50x | as long as short |
| BloFin ADA-USDT | −0.001% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| Reya ADARUSDPERPlong | 0.000% | +0.0291% | 1h | $1K | — | 15x | |
| SoDEX ADA-USD | +0.020% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Variational Omni ADA | +0.024% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | +0.040% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.040% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | +0.040% | +0.0100% | 8h | $47.4M | $5.1M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.048% | +0.0261% | 1h | $6.1M | $10.7M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.049% | +0.0100% | 1h | $102K | $413K | 15x | as long as short |
| Derive ADA-PERP | +0.067% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| HTX ADA-USDT | +0.073% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.077% | +0.0572% | 1h | $476K | $376K | 50x | as long as short |
| SunX ADA-USDT | +0.079% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| Kalshi KXADAPERP | +0.081% | 0.0000% | 8h | $134K | $5.8M | 3.2x | as long as short |
| edgeX ADAUSDC | +0.093% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |