Spread before costs (cost unknown: a leg has no order-book sample)+0.209%
7d average—if it closes, per $10,000$21funding while held, a day−$5.82
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ADARUSDPERP | 0.2447 | 0.0294 | pay 0.0037% / 1h | 4m 15s | $1K | — | 15x |
| Short | Derive ADA-PERP | 0.2453 | 0.0100 | get 0.0013% / 1h | 4m 15s | $40K | $3K | 5x |
Reya ADARUSDPERP
Derive ADA-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
- $20.91
- Funding while held
- −$5.82
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Derive: 3 bp × 2 orders
- −$6
- Net
- $3.09
- Spread needed to break even
- 0.120%
Slippage unknown: Reya: no order-book sample; Derive: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0194%
- Per $10,000 a day
- −$5.82
- 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 Derive no order-book sample | — | — | — | — | — |
Reya and Derive: 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
InjectiveReya0.2447+0.965%
KuCoin0.2448+0.974%Polymarket Perps0.2448+0.978%Gate0.2448+0.990%MEXC0.2448+0.990%Aster0.2448+0.993%Paradex0.2449+1.014%HTX0.2449+1.020%gTrade (Gains Network)0.2449+1.028%Bybit0.2449+1.031%OKX0.2449+1.031%Bitget0.2449+1.031%Hyperliquid0.2449+1.035%Binance0.2449+1.038%GMX0.2450+1.052%Pacifica0.2450+1.061%BingX0.2450+1.073%Orderly0.2450+1.073%Phemex0.2450+1.073%SoDEX0.2450+1.093%dYdX0.2451+1.095%Extended0.2451+1.097%ApeX Omni0.2451+1.114%Kalshi0.2451+1.114%Deribit0.2452+1.139%Kraken Futures0.2452+1.143%Lighter0.2452+1.155%SunX0.2452+1.155%Backpack0.2452+1.172%
KuCoin
Polymarket Perps
Gate
MEXC
Aster
Paradex
HTX
gTrade (Gains Network)
Bybit
OKX
Bitget
Hyperliquid
Binance
GMX
Pacifica
BingX
Orderly
Phemex
SoDEX
dYdX
Extended
ApeX Omni
Deribit
Kraken Futures
Lighter
SunX
BackpackDerive0.2453+1.176%
edgeX0.2453+1.194%BloFin0.2453+1.196%Variational Omni0.2453+1.212%Phoenix0.2454+1.233%Coinbase International0.2454+1.238%
BloFin
Variational Omni
Phoenix
Coinbase InternationalADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.956% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Reya ADARUSDPERPlong | 0.000% | +0.0294% | 1h | $1K | — | 15x | |
| KuCoin ADAUSDTM | +0.008% | +0.0100% | 8h | $30.1M | $21.2M | 75x | as long as short |
| Polymarket Perps ADA-USD | +0.012% | +0.0100% | 1h | $94K | $735K | 10x | as long as short |
| Gate ADA_USDT | +0.025% | +0.0070% | 8h | $95.2M | $60.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.025% | +0.0100% | 8h | $51.7M | $64.4M | 300x | as long as short |
| Aster ADAUSDT | +0.027% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.048% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| HTX ADA-USDT | +0.054% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.062% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.066% | +0.0100% | 8h | $71.3M | $112.0M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.066% | +0.0100% | 8h | $32.1M | $108.7M | 50x | as long as short |
| Bitget ADAUSDT | +0.066% | +0.0100% | 8h | $64.6M | $46.9M | 75x | as long as short |
| Hyperliquid ADA | +0.070% | +0.0100% | 1h | $42.1M | $16.3M | 10x | as long as short |
| Binance ADAUSDT | +0.072% | +0.0100% | 8h | $101.8M | $366.6M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.086% | L +0.0535% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Pacifica ADA | +0.095% | +0.0100% | 1h | $161K | $180K | 10x | as long as short |
| BingX ADA-USDC | +0.106% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Orderly PERP_ADA_USDC | +0.106% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | +0.106% | +0.0100% | 8h | $47.9M | $5.9M | 50x | as long as short |
| SoDEX ADA-USD | +0.127% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| dYdX ADA-USD | +0.129% | +0.0067% | 1h | $203K | $2K | 10x | as long as short |
| Extended ADA-USD | +0.130% | +0.0104% | 1h | $606K | $1.7M | 50x | as long as short |
| ApeX Omni ADAUSDT | +0.147% | +0.0100% | 1h | $229K | $451K | 50x | as long as short |
| Kalshi KXADAPERP | +0.147% | 0.0000% | 8h | $99K | $5.8M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.172% | +0.0199% | 1h | $470K | $423K | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.176% | +0.0222% | 1h | $5.9M | $11.3M | 50x | as long as short |
| Lighter ADA | +0.188% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| SunX ADA-USDT | +0.188% | +0.0100% | 8h | $9K | $809K | 30x | as long as short |
| Backpack ADA_USDC_PERP | +0.205% | +0.0100% | 1h | $103K | $431K | 15x | as long as short |
| Derive ADA-PERPshort | +0.209% | +0.0100% | 1h | $40K | $3K | 5x | |
| edgeX ADAUSDC | +0.227% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |
| BloFin ADA-USDT | +0.229% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Variational Omni ADA | +0.245% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | +0.266% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.270% | +0.0120% | 1h | $443K | $6.9M | 50x | as long as short |