ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0118%/8h= +12.9% APRnext payment +$0.15 per $10,000 · paid last 24h +0.007%

Price spread now: Hyperliquid against Derive−0.101%52s7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories

Funding pays, the price is against you. Hyperliquid is 0.101% cheaper against Derive than usual: you would sell low and buy high (spread −0.101% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$10 on $10k: about 2.9 days of funding at the current rate (+$4 a day). The two prices were read 52 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	Derive ADA-PERP	0.2471	0.0100	pay 0.0013% / 1h	6m 27s	$40K	$2K	5x
Short	Hyperliquid ADA	0.2468	0.0218	get 0.0027% / 1h	6m 27s	$43.6M	$15.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Derive. 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 DerivebpFee HyperliquidbpOrdersPrice spread, now −0.101%Rate

Funding earned: $24.78
Price spread: −0.101% → 0.000%: −$10.1
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$0.32
Costs to cover: 0.150%
Break-even: 7.1 days

Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 7 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Hyperliquid live order book, 7 min ago	1.21 bp	7.9 bp −$8	9.9 bp −$99	doesn't fit	doesn't fit

Derive: 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 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	0.2465	−0.246%	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2469	−0.073%	$160K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2465	−0.221%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.008%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2469	−0.073%	$424K	$7.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2469	−0.071%	$6.3M	$12.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2467	−0.158%	$2.4M	$1.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2466	−0.213%	$1.2M	$988K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2466	−0.193%	$160K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2466	−0.203%	$104.4M	$370.2M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2465	−0.235%	$71.9M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2468	−0.113%	$33.0M	$105.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2463	−0.316%	$98.3M	$59.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2465	−0.235%	$61.7M	$61.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2465	−0.214%	$29.8M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2466	−0.194%	$66.4M	$49.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2465	−0.235%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2470	−0.044%	$131K	$445K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	+0.172%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2476	+0.196%	$66K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2476	+0.225%	$299K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2476	+0.211%	$228K	$747K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2466	−0.186%	$94K	$689K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2470	−0.032%	$6K	$5K	20x	as long as short
Derive ADA-PERPlong	+0.0100%	1h	0.2471	long leg	$40K	$2K	5x
SunX ADA-USDT	+0.0100%	8h	0.2470	−0.034%	$8K	$729K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2470	−0.052%	$340	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2469	−0.060%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2471	+0.008%	$48.2M	$6.6M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2465	−0.242%	$536K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2466	−0.210%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0195%	1h	0.2472	+0.037%	$4K	$100K	10x	as long as short
Hyperliquid ADAshort	+0.0218%	1h	0.2468	−0.101%	$43.6M	$15.1M	10x
BloFin ADA-USDT	+0.0220%	8h	0.2469	−0.073%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2466	−0.194%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0479%	1h	0.2471	+0.012%	$599K	$488K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0595% / S −0.0547%	1h	0.2469	−0.074%	$133K	—	100x	as long as short