Spread before costs (cost unknown: a leg has no order-book sample)−0.123%
7d average—if it closes, per $10,000$12funding while held, a day−$2.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Variational Omni ADA | 0.2427 | 0.0100 | pay 0.0100% / 8h | 1h 06m | $4.2M | $1.0M | — |
| Short | Injective ADA/USDC PERP | 0.2424 | 0.0033 | get 0.0004% / 1h | 6m 02s | $832 | $124K | 12x |
Variational Omni ADA
Injective ADA/USDC 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
- −$12.27
- Funding while held
- −$2
- Slippage, 4 orders
- no order book: not counted
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- −$14.29
- Spread needed to break even
- 0.000%
Slippage unknown: Variational Omni: RFQ quote, 5 min ago; Injective: no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0067%
- Per $10,000 a day
- −$2.00
- 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, 5 min ago | 8.23 bp | doesn't fit | 12.3 bp −$123 | doesn't fit | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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
Variational Omni0.2427+0.123%
ApeX Omni0.2430+0.248%edgeX0.2437+0.528%Phoenix0.2438+0.565%Extended0.2443+0.774%Bybit0.2443+0.784%OKX0.2444+0.825%Gate0.2444+0.825%Bitget0.2444+0.825%BingX0.2445+0.866%Binance0.2446+0.888%MEXC0.2446+0.908%SoDEX0.2446+0.908%dYdX0.2446+0.927%Hyperliquid0.2447+0.945%Backpack0.2447+0.961%Pacifica0.2448+0.979%Kalshi0.2448+0.990%Orderly0.2448+0.990%Phemex0.2448+0.990%BloFin0.2448+0.990%Paradex0.2448+0.997%gTrade (Gains Network)0.2448+1.008%GMX0.2449+1.028%Reya0.2449+1.029%Kraken Futures0.2449+1.030%HTX0.2449+1.033%Aster0.2449+1.047%KuCoin0.2449+1.048%Polymarket Perps0.2450+1.056%Lighter0.2450+1.068%Derive0.2450+1.073%Deribit0.2450+1.081%SunX0.2451+1.113%Coinbase International0.2452+1.155%
ApeX Omni
Phoenix
Extended
Bybit
OKX
Gate
Bitget
BingX
Binance
MEXC
SoDEX
dYdX
Hyperliquid
Backpack
Pacifica
Orderly
Phemex
BloFin
Paradex
gTrade (Gains Network)
GMX
Reya
Kraken Futures
HTX
Aster
KuCoin
Polymarket Perps
Lighter
Derive
Deribit
SunX
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 PERPshort | −0.123% | +0.0033% | 1h | $832 | $124K | 12x | |
| Variational Omni ADAlong | 0.000% | +0.0100% | 8h | $4.2M | $1.0M | — | |
| ApeX Omni ADAUSDT | +0.125% | +0.0100% | 1h | $95K | $344K | 50x | as long as short |
| edgeX ADAUSDC | +0.404% | +0.0100% | 4h | $65K | $353K | 20x | as long as short |
| Phoenix ADA | +0.442% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Extended ADA-USD | +0.651% | +0.0104% | 1h | $635K | $1.6M | 50x | as long as short |
| Bybit ADAUSDT | +0.660% | +0.0100% | 8h | $70.7M | $109.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.701% | +0.0100% | 8h | $32.5M | $105.1M | 50x | as long as short |
| Gate ADA_USDT | +0.701% | +0.0074% | 8h | $93.9M | $57.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.701% | +0.0100% | 8h | $64.0M | $46.1M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| BingX ADA-USDC | +0.743% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Binance ADAUSDT | +0.764% | +0.0100% | 8h | $101.9M | $352.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.784% | +0.0100% | 8h | $51.9M | $62.3M | 300x | as long as short |
| SoDEX ADA-USD | +0.784% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| dYdX ADA-USD | +0.803% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| Hyperliquid ADA | +0.821% | +0.0100% | 1h | $41.8M | $15.7M | 10x | as long as short |
| Backpack ADA_USDC_PERP | +0.837% | +0.0100% | 1h | $104K | $417K | 15x | as long as short |
| Pacifica ADA | +0.855% | +0.0100% | 1h | $159K | $174K | 10x | as long as short |
| Kalshi KXADAPERP | +0.866% | 0.0000% | 8h | $137K | $5.5M | 3.2x | as long as short |
| Orderly PERP_ADA_USDC | +0.866% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | +0.866% | +0.0100% | 8h | $47.9M | $5.8M | 50x | as long as short |
| BloFin ADA-USDT | +0.866% | +0.0220% | 8h | $4.5M | $6.0M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.873% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.884% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.904% | L +0.0543% / S −0.0293% | 1h | $117K | — | 100x | as long as short |
| Reya ADARUSDPERP | +0.905% | +0.0295% | 1h | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.906% | −0.0069% | 1h | $6.0M | $11.2M | 50x | as long as short |
| HTX ADA-USDT | +0.909% | +0.0100% | 8h | $1.3M | $4.7M | 75x | as long as short |
| Aster ADAUSDT | +0.923% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| KuCoin ADAUSDTM | +0.924% | +0.0100% | 8h | $30.3M | $20.8M | 75x | as long as short |
| Polymarket Perps ADA-USD | +0.932% | +0.0100% | 1h | $93K | $722K | 10x | as long as short |
| Lighter ADA | +0.944% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| Derive ADA-PERP | +0.949% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.957% | +0.0158% | 1h | $465K | $394K | 50x | as long as short |
| SunX ADA-USDT | +0.989% | +0.0100% | 8h | $9K | $779K | 30x | as long as short |
| Coinbase International ADA-PERP-INTX | +1.031% | +0.0136% | 1h | $439K | $6.8M | 50x | as long as short |