Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.016%
Price spread now: Hyperliquid against Coinbase International+0.073%49s7-day average +0.028% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$340.340% of the position
Funding, last 7 days−0.026%−$3 on $10k
+Price spread, last 4 days (all we have)−0.231%−$23 · spread now +0.073%, 7d avg +0.028%
=Together, before fees−0.256%+ Points / potential airdropHyperliquid: Season 2 · farm board−$26 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$1 a day on $10k at the current rate, and Hyperliquid is 0.046% dearer against Coinbase International than usual: you sell high and buy low: +$5 more if the spread goes back to its 7-day average of +0.028%. The two prices were read 49 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Coinbase International ADA-PERP-INTX | 0.2455 | 0.0080 | pay 0.0010% / 1h | 57m 21s | $408K | $7.7M | 50x |
| Short | Hyperliquid ADA | 0.2457 | 0.0100 | get 0.0013% / 1h | 57m 21s | $42.7M | $14.9M | 10x |
Coinbase International ADA-PERP-INTX
Hyperliquid ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Coinbase International. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $4.2
- Price spread: +0.073% → +0.028%
- $4.57
- Slippage, 4 orders
- −$14.96
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$25.2
- Costs to cover
- 0.340%
- Break-even
- 49.0 days
Slippage from Coinbase International: live order book, 2 min ago; Hyperliquid: live order book, 6 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 Coinbase International live order book, 2 min ago | 2.03 bp | 9.4 bp −$9 | 16.8 bp −$168 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 6 min ago | 0.81 bp | 7.0 bp −$7 | 9.7 bp −$97 | doesn't fit | doesn't fit |
ADA on 37 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2448 | −0.277% | $201K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2460 | +0.204% | $140K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2455 | +0.020% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.652% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTXlong | +0.0080% | 1h | 0.2455 | long leg | $408K | $7.7M | 50x | |
| Kraken Futures PF_ADAUSD | +0.0092% | 1h | 0.2454 | −0.051% | $6.2M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2451 | −0.175% | $2.4M | $1.1M | 10x | as long as short |
| Hyperliquid ADAshort | +0.0100% | 1h | 0.2457 | +0.073% | $42.7M | $14.9M | 10x | |
| Aster ADAUSDT | +0.0100% | 8h | 0.2450 | −0.224% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2449 | −0.252% | $159K | $161K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Kraken Futures PF_ADAUSD
Lighter ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2455 | +0.019% | $103.6M | $372.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2455 | 0.000% | $71.6M | $111.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2457 | +0.081% | $32.6M | $106.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2453 | −0.081% | $98.4M | $58.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2454 | −0.041% | $61.2M | $59.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2455 | −0.012% | $29.6M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2455 | 0.000% | $66.0M | $50.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2455 | 0.000% | — | $20.0M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2453 | −0.073% | $125K | $448K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2454 | −0.041% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2455 | +0.004% | $65K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.075% | $293K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2456 | +0.041% | $226K | $739K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2455 | +0.008% | $91K | $683K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2456 | +0.041% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2456 | +0.024% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2458 | +0.123% | $8K | $742K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2455 | −0.020% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.034% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2454 | −0.041% | $47.8M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2449 | −0.247% | $531K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0107% | 8h | 0.2448 | −0.282% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2456 | +0.041% | $4K | $89K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2455 | 0.000% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2455 | +0.001% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0320% | 1h | 0.2456 | +0.029% | $586K | $485K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0547% / S −0.0339% | 1h | 0.2456 | +0.024% | $121K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]