Spread before costs (cost unknown: a leg has no order-book sample)+0.162%
7d average+0.024%if it closes, per $10,000$16funding while held, a day+$5.27
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ADA | 0.2436 | 0.0100 | pay 0.0100% / 8h | 5h 42m | $4.2M | $1.0M | — |
| Short | GMX ADA/USD [WBTC.b-USDC] | 0.2440 | L +0.0520% / S −0.0276% | get 0.0034% / 1h | 42m 41s | $112K | — | 100x |
Variational Omni ADA
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
- $16.21
- Funding while held
- $5.27
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee GMX: 6 bp × 2 orders
- −$12
- Net
- $9.48
- Spread needed to break even
- 0.120%
Slippage unknown: Variational Omni: RFQ quote, 3 min ago; 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 Variational Omni RFQ quote, 3 min ago | 6.16 bp | doesn't fit | 10.3 bp −$103 | doesn't fit | doesn't fit |
| Sell GMX no order-book sample | — | — | — | — | — |
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 Omni0.2435+0.454%
Injective
ApeX OmniVariational Omni0.2436+0.477%
Coinbase International0.2436+0.495%Bybit0.2437+0.536%OKX0.2437+0.536%Gate0.2437+0.536%Extended0.2437+0.555%Bitget0.2438+0.578%BingX0.2438+0.578%Phemex0.2438+0.578%edgeX0.2438+0.594%Phoenix0.2439+0.615%Pacifica0.2439+0.618%MEXC0.2439+0.619%dYdX0.2439+0.620%SoDEX0.2440+0.639%
Coinbase International
Bybit
OKX
Gate
Extended
Bitget
BingX
Phemex
Phoenix
Pacifica
MEXC
dYdX
SoDEXGMX0.2440+0.640%
Paradex0.2440+0.643%KuCoin0.2440+0.652%HTX0.2440+0.653%Kraken Futures0.2440+0.656%Binance0.2440+0.659%gTrade (Gains Network)0.2440+0.660%Orderly0.2440+0.660%Aster0.2440+0.663%Polymarket Perps0.2440+0.668%Backpack0.2440+0.672%Lighter0.2440+0.677%Reya0.2440+0.679%Deribit0.2440+0.681%Derive0.2441+0.686%Hyperliquid0.2441+0.689%SunX0.2442+0.740%Kalshi0.2442+0.743%BloFin0.2442+0.743%
Paradex
KuCoin
HTX
Kraken Futures
Binance
gTrade (Gains Network)
Orderly
Aster
Polymarket Perps
Backpack
Lighter
Reya
Deribit
Derive
Hyperliquid
SunX
BloFinADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.475% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.023% | +0.0100% | 1h | $228K | $455K | 50x | as long as short |
| Variational Omni ADAlong | 0.000% | +0.0100% | 8h | $4.2M | $1.0M | — | |
| Coinbase International ADA-PERP-INTX | +0.018% | +0.0072% | 1h | $473K | $6.8M | 50x | as long as short |
| Bybit ADAUSDT | +0.059% | +0.0100% | 8h | $70.1M | $99.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.059% | +0.0100% | 8h | $32.1M | $103.3M | 50x | as long as short |
| Gate ADA_USDT | +0.059% | +0.0100% | 8h | $95.8M | $55.8M | 75x | as long as short |
| Extended ADA-USD | +0.078% | +0.0104% | 1h | $604K | $1.7M | 50x | as long as short |
| Bitget ADAUSDT | +0.100% | +0.0100% | 8h | $64.4M | $41.7M | 75x | as long as short |
| BingX ADA-USDT | +0.100% | +0.0100% | 8h | — | $18.9M | — | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex ADAUSDT | +0.100% | +0.0100% | 8h | $47.5M | $5.1M | 50x | as long as short |
| edgeX ADAUSDC | +0.117% | +0.0100% | 4h | $65K | $280K | 20x | as long as short |
| Phoenix ADA | +0.137% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| Pacifica ADA | +0.141% | +0.0100% | 1h | $157K | $148K | 10x | as long as short |
| MEXC ADA_USDT | +0.141% | +0.0100% | 8h | $52.0M | $57.7M | 300x | as long as short |
| dYdX ADA-USD | +0.142% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| SoDEX ADA-USD | +0.162% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC]short | +0.162% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | |
| Paradex ADA-USD-PERP | +0.165% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| KuCoin ADAUSDTM | +0.174% | +0.0100% | 8h | $30.0M | $17.6M | 75x | as long as short |
| HTX ADA-USDT | +0.175% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.178% | +0.0261% | 1h | $6.1M | $10.7M | 50x | as long as short |
| Binance ADAUSDT | +0.181% | +0.0100% | 8h | $101.5M | $342.8M | 75x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.182% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Orderly PERP_ADA_USDC | +0.182% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Aster ADAUSDT | +0.185% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| Polymarket Perps ADA-USD | +0.190% | +0.0100% | 1h | $91K | $727K | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.195% | +0.0100% | 1h | $102K | $412K | 15x | as long as short |
| Lighter ADA | +0.199% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.201% | +0.0291% | 1h | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.203% | +0.0324% | 1h | $477K | $377K | 50x | as long as short |
| Derive ADA-PERP | +0.208% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Hyperliquid ADA | +0.211% | +0.0100% | 1h | $42.6M | $13.8M | 10x | as long as short |
| SunX ADA-USDT | +0.262% | +0.0100% | 8h | $9K | $750K | 30x | as long as short |
| Kalshi KXADAPERP | +0.264% | 0.0000% | 8h | $123K | $5.8M | 3.2x | as long as short |
| BloFin ADA-USDT | +0.264% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |