Spread before costs (cost unknown: a leg has no order-book sample)−0.559%
7d average—if it closes, per $10,000$56funding while held, a day−$4.87
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Reya ADARUSDPERP | 0.2440 | 0.0293 | pay 0.0037% / 1h | 13m 46s | $1K | — | 15x |
| Short | Phoenix ADA | 0.2427 | 0.0131 | get 0.0016% / 1h | 13m 46s | $4K | $103K | 10x |
Reya ADARUSDPERP
Phoenix 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
- −$55.94
- Funding while held
- −$4.87
- Slippage, 4 orders
- no order book: not counted
- Fee Reya: 3 bp × 2 orders
- −$6
- Fee Phoenix: 3.5 bp × 2 orders
- −$7
- Net
- −$73.81
- Spread needed to break even
- 0.130%
Slippage unknown: Reya: no order-book sample; Phoenix: live order book, 19 min ago. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0162%
- Per $10,000 a day
- −$4.87
- 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 Phoenix live order book, 19 min ago | 0.82 bp | 13.1 bp −$13 | 44.7 bp −$447 | 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.edgeX0.2421cheapestInjective0.2424+0.109%
InjectivePhoenix0.2427+0.212%
ApeX Omni0.2430+0.357%Variational Omni0.2435+0.548%BloFin0.2436+0.605%Bybit0.2438+0.687%Coinbase International0.2438+0.687%OKX0.2439+0.729%Gate0.2439+0.729%MEXC0.2439+0.729%BingX0.2439+0.729%Kalshi0.2439+0.729%Phemex0.2439+0.729%Extended0.2439+0.741%Aster0.2439+0.745%Binance0.2439+0.748%Pacifica0.2440+0.760%KuCoin0.2440+0.762%SunX0.2440+0.768%Bitget0.2440+0.770%Orderly0.2440+0.770%SoDEX0.2440+0.770%Backpack0.2440+0.774%
ApeX Omni
Variational Omni
BloFin
Bybit
Coinbase International
OKX
Gate
MEXC
BingX
Phemex
Extended
Aster
Binance
Pacifica
KuCoin
SunX
Bitget
Orderly
SoDEX
BackpackReya0.2440+0.776%
dYdX0.2440+0.781%Paradex0.2440+0.787%Kraken Futures0.2441+0.796%Lighter0.2441+0.799%GMX0.2441+0.801%Polymarket Perps0.2441+0.803%HTX0.2441+0.808%Hyperliquid0.2441+0.815%gTrade (Gains Network)0.2441+0.823%Derive0.2442+0.835%Deribit0.2442+0.861%
dYdX
Paradex
Kraken Futures
Lighter
GMX
Polymarket Perps
HTX
Hyperliquid
gTrade (Gains Network)
Derive
DeribitADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX ADAUSDC | −0.770% | +0.0100% | 4h | $64K | $278K | 20x | as long as short |
| Injective ADA/USDC PERP | −0.662% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Phoenix ADAshort | −0.559% | +0.0131% | 1h | $4K | $103K | 10x | |
| ApeX Omni ADAUSDT | −0.416% | +0.0100% | 1h | $227K | $452K | 50x | as long as short |
| Variational Omni ADA | −0.226% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| BloFin ADA-USDT | −0.170% | +0.0220% | 8h | $4.5M | $6.2M | 75x | as long as short |
| Bybit ADAUSDT | −0.088% | +0.0100% | 8h | $71.2M | $106.9M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.088% | +0.0112% | 1h | $488K | $7.0M | 50x | as long as short |
| OKX ADA-USDT-SWAP | −0.047% | +0.0100% | 8h | $32.5M | $106.3M | 50x | as long as short |
| Gate ADA_USDT | −0.047% | +0.0100% | 8h | $94.9M | $57.3M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | −0.047% | +0.0100% | 8h | $51.5M | $63.7M | 300x | as long as short |
| BingX ADA-USDT | −0.047% | +0.0100% | 8h | — | $18.1M | — | as long as short |
| Kalshi KXADAPERP | −0.047% | 0.0000% | 8h | $84K | $5.7M | 3.2x | as long as short |
| Phemex ADAUSDT | −0.047% | +0.0100% | 8h | $47.6M | $5.9M | 50x | as long as short |
| Extended ADA-USD | −0.035% | +0.0104% | 1h | $597K | $1.7M | 50x | as long as short |
| Aster ADAUSDT | −0.031% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Binance ADAUSDT | −0.028% | +0.0100% | 8h | $101.6M | $355.5M | 75x | as long as short |
| Pacifica ADA | −0.016% | +0.0100% | 1h | $159K | $173K | 10x | as long as short |
| KuCoin ADAUSDTM | −0.014% | +0.0100% | 8h | $30.1M | $19.8M | 75x | as long as short |
| SunX ADA-USDT | −0.008% | +0.0100% | 8h | $9K | $779K | 30x | as long as short |
| Bitget ADAUSDT | −0.006% | +0.0100% | 8h | $64.7M | $45.0M | 75x | as long as short |
| Orderly PERP_ADA_USDC | −0.006% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| SoDEX ADA-USD | −0.006% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| Backpack ADA_USDC_PERP | −0.002% | +0.0100% | 1h | $100K | $422K | 15x | as long as short |
| Reya ADARUSDPERPlong | 0.000% | +0.0293% | 1h | $1K | — | 15x | |
| dYdX ADA-USD | +0.005% | +0.0073% | 1h | $202K | $2K | 10x | as long as short |
| Paradex ADA-USD-PERP | +0.010% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Kraken Futures PF_ADAUSD | +0.020% | +0.0140% | 1h | $6.0M | $11.1M | 50x | as long as short |
| Lighter ADA | +0.022% | +0.0096% | 1h | $2.2M | $1.0M | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.024% | L +0.0521% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Polymarket Perps ADA-USD | +0.027% | +0.0100% | 1h | $92K | $735K | 10x | as long as short |
| HTX ADA-USDT | +0.031% | +0.0100% | 8h | $1.3M | $4.9M | 75x | as long as short |
| Hyperliquid ADA | +0.039% | +0.0100% | 1h | $42.7M | $14.9M | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.047% | L +0.0005% / S −0.0003% | 1h | $86K | — | 150x | as long as short |
| Derive ADA-PERP | +0.058% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.084% | +0.0652% | 1h | $478K | $400K | 50x | as long as short |