Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 02:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.008%
Price spread now: Hyperliquid against BingX+0.118%7-day average · you sell dearer than you buy
Net, funding: paid 7d − costs−$61as in the Funding arb table
Net, price: spread back to 7d avg − costs−$33as in the Price arb table
costs, in and out, $10k−$450.447% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.161%−$16 on $10k
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.118% dearer against BingX than usual: you sell high and buy low, +$12 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongBingX ADA-USDC0.24530.0100pay 0.0100% / 8h6h 52m$6.5M
ShortHyperliquid ADA0.24560.0100get 0.0013% / 1h52m 18s$42.8M$14.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against BingX. 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

Funding earned
$0
Price spread: +0.118% → 0.000%
$11.82
Slippage, 4 orders
−$25.7
Fee BingX: 5 bp × 2 orders
−$10
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$32.88
Costs to cover
0.447%
Break-even
never at this rate
Slippage from BingX: live order book, 14 min ago; Hyperliquid: live order book, 11 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again
LegHalf-spread$10k$100k$1M$5M
Buy BingX live order book, 14 min ago4.05 bp14.4 bp −$1429.2 bp −$29280.4 bp −$8,036472.2 bp −$236.1K
Sell Hyperliquid live order book, 11 min ago1.63 bp8.0 bp −$811.1 bp −$111doesn't fitdoesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
ApeX Omni ADAUSDT−0.0012%1h0.2452−0.041%$56K$587K50xas long as short
dYdX ADA-USD0.0000%1h0.2452−0.057%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2445−0.326%$208K$6.2M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2452−0.041%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.734%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0048%1h0.2455+0.082%$410K$7.4M50xas long as short
Hyperliquid ADAshort+0.0100%1h0.2456+0.118%$42.8M$14.3M10x
Aster ADAUSDT+0.0100%8h0.2454+0.041%$1.2M$968K75xas long as short
Pacifica ADA+0.0100%1h0.2453−0.010%$158K$156K10xas long as short
Binance ADAUSDT+0.0100%8h0.2454+0.041%$102.1M$374.5M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2452−0.041%$72.1M$107.6M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2452−0.041%$32.5M$108.3M50xas long as short
Gate ADA_USDT+0.0100%8h0.24530.000%$98.4M$58.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2452−0.041%$50.3M$50.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2456+0.122%$30.0M$18.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2452−0.041%$65.7M$46.3M75xas long as short
BingX ADA-USDClong+0.0100%8h0.2453long leg$6.5M
Backpack ADA_USDC_PERP+0.0100%1h0.2450−0.135%$129K$424K15xas long as short
Variational Omni ADA+0.0100%8h0.2434−0.770%$4.2M$992Kas long as short
edgeX ADAUSDC+0.0100%4h0.2450−0.103%$65K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2436−0.693%$285K$3.7M10xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2455+0.077%$92K$655K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2452−0.041%$6K$29K20xas long as short
Derive ADA-PERP+0.0100%1h0.2453+0.010%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2454+0.042%$9K$773K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2453+0.004%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2448−0.186%$1.3M$5.8M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2449−0.163%$47.7M$6.4M50xas long as short
Lighter ADA+0.0104%1h0.2454+0.045%$2.4M$1.0M10xas long as short
Extended ADA-USD+0.0104%1h0.2452−0.046%$533K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0105%8h0.2455+0.102%$21K$25020xas long as short
Phoenix ADA+0.0163%1h0.2441−0.489%$4K$87K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2448−0.204%$4.5M$5.6M75xas long as short
Reya ADARUSDPERP+0.0282%1h0.2454+0.042%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0354%1h0.2453−0.013%$6.2M$12.0M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0362%1h0.2454+0.020%$499K$470K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0622% / S −0.0389%1h0.2452−0.058%$140K100xas long as short