Spread before costs (cost unknown: a leg has no order-book sample)−0.069%
7d average—if it closes, per $10,000$7funding while held, a day+$5.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | SoDEX ADA-USD | 0.2433 | 0.0100 | pay 0.0013% / 1h | 23m 11s | $335 | $13K | 10x |
| Short | GMX ADA/USD [WBTC.b-USDC] | 0.2432 | L +0.0520% / S −0.0276% | get 0.0034% / 1h | 23m 11s | $112K | — | 100x |
SoDEX ADA-USD
GMX ADA/USD [WBTC.b-USDC]Price 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
- −$6.9
- Funding while held
- $5.27
- Slippage, 4 orders
- no order book: not counted
- Fee SoDEX: 4 bp × 2 orders
- −$8
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- −$21.64
- Spread needed to break even
- 0.200%
Slippage unknown: SoDEX: no order-book sample; GMX: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- +0.0176%
- Per $10,000 a day
- +$5.27
- 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 SoDEX no order-book sample | — | — | — | — | — |
| Sell GMX no order-book sample | — | — | — | — | — |
SoDEX and GMX: 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.Injective0.2424cheapestApeX Omni0.2428+0.165%edgeX0.2431+0.270%dYdX0.2431+0.286%Gate0.2431+0.289%BingX0.2431+0.289%Kalshi0.2431+0.289%BloFin0.2431+0.289%Pacifica0.2431+0.298%KuCoin0.2431+0.305%gTrade (Gains Network)0.2432+0.312%Backpack0.2432+0.314%Paradex0.2432+0.317%Polymarket Perps0.2432+0.318%
Injective
ApeX Omni
dYdX
Gate
BingX
BloFin
Pacifica
KuCoin
gTrade (Gains Network)
Backpack
Paradex
Polymarket PerpsGMX0.2432+0.318%
Aster0.2432+0.319%HTX0.2432+0.327%Reya0.2432+0.330%Bybit0.2432+0.330%MEXC0.2432+0.330%Bitget0.2432+0.330%Coinbase International0.2432+0.330%Hyperliquid0.2432+0.351%Variational Omni0.2433+0.355%Extended0.2433+0.366%SunX0.2433+0.370%Orderly0.2433+0.371%Phemex0.2433+0.371%Kraken Futures0.2433+0.384%
Aster
HTX
Reya
Bybit
MEXC
Bitget
Coinbase International
Hyperliquid
Variational Omni
Extended
SunX
Orderly
Phemex
Kraken FuturesSoDEX0.2433+0.388%
Derive0.2434+0.397%Binance0.2434+0.413%OKX0.2434+0.413%Deribit0.2434+0.417%Lighter0.2434+0.425%Phoenix0.2437+0.520%
Derive
Binance
OKX
Deribit
Lighter
PhoenixADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.386% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.222% | +0.0100% | 1h | $228K | $457K | 50x | as long as short |
| edgeX ADAUSDC | −0.117% | +0.0100% | 4h | $64K | $278K | 20x | as long as short |
| dYdX ADA-USD | −0.101% | 0.0000% | 1h | $201K | $2K | 10x | as long as short |
| Gate ADA_USDT | −0.099% | +0.0100% | 8h | $95.8M | $56.0M | 75x | as long as short |
| BingX ADA-USDT | −0.099% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| Kalshi KXADAPERP | −0.099% | 0.0000% | 8h | $133K | $5.8M | 3.2x | as long as short |
| BloFin ADA-USDT | −0.099% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |
| Pacifica ADA | −0.090% | +0.0100% | 1h | $156K | $148K | 10x | as long as short |
| KuCoin ADAUSDTM | −0.082% | +0.0100% | 8h | $30.1M | $17.6M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| gTrade (Gains Network) ADA/USD | −0.075% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Backpack ADA_USDC_PERP | −0.074% | +0.0100% | 1h | $101K | $413K | 15x | as long as short |
| Paradex ADA-USD-PERP | −0.070% | +0.0101% | 8h | $20K | $250 | 20x | as long as short |
| Polymarket Perps ADA-USD | −0.070% | +0.0100% | 1h | $91K | $727K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]short | −0.069% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | |
| Aster ADAUSDT | −0.069% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| HTX ADA-USDT | −0.061% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Reya ADARUSDPERP | −0.058% | +0.0290% | 1h | $1K | — | 15x | as long as short |
| Bybit ADAUSDT | −0.058% | +0.0100% | 8h | $70.2M | $99.4M | 75x | as long as short |
| MEXC ADA_USDT | −0.058% | +0.0100% | 8h | $52.3M | $58.0M | 300x | as long as short |
| Bitget ADAUSDT | −0.058% | +0.0100% | 8h | $64.3M | $41.7M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.058% | +0.0072% | 1h | $469K | $6.8M | 50x | as long as short |
| Hyperliquid ADA | −0.037% | +0.0100% | 1h | $42.4M | $13.7M | 10x | as long as short |
| Variational Omni ADA | −0.032% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Extended ADA-USD | −0.022% | +0.0104% | 1h | $592K | $1.7M | 50x | as long as short |
| SunX ADA-USDT | −0.018% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| Orderly PERP_ADA_USDC | −0.016% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.016% | +0.0100% | 8h | $47.4M | $5.1M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | −0.004% | +0.0262% | 1h | $6.1M | $10.7M | 50x | as long as short |
| SoDEX ADA-USDlong | 0.000% | +0.0100% | 1h | $335 | $13K | 10x | |
| Derive ADA-PERP | +0.010% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| Binance ADAUSDT | +0.025% | +0.0100% | 8h | $101.2M | $342.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.025% | +0.0100% | 8h | $32.2M | $103.1M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.029% | +0.0572% | 1h | $475K | $376K | 50x | as long as short |
| Lighter ADA | +0.037% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Phoenix ADA | +0.132% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |