ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0183%/8h= +20.0% APRnext payment +$0.23 per $10,000 · paid last 24h +0.011%

Price spread now: Hyperliquid against ApeX Omni−0.053%7-day average −0.011% · you buy dearer than you sell

Net, funding: paid 7d − costs−$49as in the Funding arb table

Net, price: spread back to 7d avg − costs−$37as in the Price arb table

costs, in and out, $10k−$330.325% of the position

Long on ApeX Omni Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.162%−$16 on $10k

Price spread, last 4 days (all we have)+0.019%+$2 · spread now −0.053%, 7d avg −0.011%

Together, before fees−0.143%+ Points / potential airdropHyperliquid: Season 2 · farm board−$14 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.042% cheaper against ApeX Omni than usual: you would sell low and buy high (spread −0.053% now, against its 7-day average of −0.011%). If the spread goes back, that is −$4 on $10k: about 18 hours of funding at the current rate (+$5 a day). Mind the row above: over the last 7 days funding on this pair cost −0.162%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	ApeX Omni ADAUSDT	0.2461	0.0120	pay 0.0015% / 1h	8m 47s	$79K	$893K	50x
Short	Hyperliquid ADA	0.2460	0.0303	get 0.0038% / 1h	8m 47s	$43.2M	$18.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against ApeX Omni. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee ApeX OmnibpFee HyperliquidbpOrdersPrice spread, now −0.053%Rate

Funding earned: $38.39
Price spread: −0.053% → −0.011%: −$4.19
Slippage, 4 orders: −$13.54
Fee ApeX Omni: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: $1.65
Costs to cover: 0.325%
Break-even: 6.7 days

Slippage from ApeX Omni: live order book, 35 min ago; Hyperliquid: live order book, 5 min ago.

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 ApeX Omni live order book, 35 min ago	2.05 bp	10.5 bp −$11	43.6 bp −$436	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 5 min ago	0.61 bp	7.8 bp −$8	doesn't fit	doesn't fit	doesn't fit

ADA on 36 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Kalshi KXADAPERP	0.0000%	8h	0.2460	−0.041%	$175K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	−0.029%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.406%	$849	$202K	12x	as long as short
dYdX ADA-USD	+0.0034%	1h	0.2460	−0.026%	$202K	$2K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2461	0.000%	$6K	$5K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2458	−0.136%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2460	−0.024%	$158K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2458	−0.136%	$103.6M	$407.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	−0.163%	$73.1M	$124.6M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2458	−0.122%	$32.7M	$118.4M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2456	−0.203%	$100.5M	$65.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2457	−0.163%	$51.8M	$65.5M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2456	−0.191%	$29.4M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2458	−0.122%	$66.9M	$53.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2458	−0.122%	—	$6.6M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2460	−0.039%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2462	+0.045%	$66K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2461	−0.003%	$294K	$3.9M	10x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.008%	$128K	$1.3M	10x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2461	+0.001%	$8K	$757K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2461	−0.004%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2461	+0.019%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2460	−0.041%	$47.7M	$7.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2456	−0.191%	$516K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2462	+0.027%	$21K	$250	20x	as long as short
ApeX Omni ADAUSDTlong	+0.0120%	1h	0.2461	long leg	$79K	$893K	50x
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2461	0.000%	$371K	$8.5M	50x	as long as short
Lighter ADA	+0.0128%	1h	0.2462	+0.049%	$2.4M	$1.0M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2464	+0.102%	$4K	$111K	10x	as long as short
Backpack ADA_USDC_PERP	+0.0166%	1h	0.2461	0.000%	$136K	$484K	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0169%	1h	0.2461	−0.009%	$6.3M	$13.9M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2463	+0.081%	$4.5M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0274%	1h	0.2460	−0.041%	$1K	—	15x	as long as short
Hyperliquid ADAshort	+0.0303%	1h	0.2460	−0.053%	$43.2M	$18.1M	10x
Deribit ADA_USDC-PERPETUAL	+0.0522%	1h	0.2462	+0.057%	$628K	$617K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0603% / S −0.0679%	1h	0.2460	−0.028%	$156K	—	100x	as long as short