ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0100%/8h= +10.9% APRnext payment +$0.13 per $10,000 · paid last 24h +0.031%

Price spread now: Hyperliquid against dYdX+0.037%7-day average +0.019% · you sell dearer than you buy

Net, funding: paid 7d − costs−$307as in the Funding arb table

Net, price: spread back to 7d avg − costs−$303as in the Price arb table

costs, in and out, $10k−$3053.051% of the position

Long on dYdX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.020%−$2 on $10k

Price spread, last 4 days (all we have)+0.046%+$5 · spread now +0.037%, 7d avg +0.019%

Together, before fees+0.026%+ Points / potential airdropHyperliquid: Season 2 · farm board+$3 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of +0.019%, so right now this pair is about funding alone: +$3 a day on $10k at the current rate.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2460	0	get 0.0000% / 1h	55m 30s	$202K	$3K	10x
Short	Hyperliquid ADA	0.2460	0.0100	get 0.0013% / 1h	55m 30s	$42.7M	$14.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against dYdX. 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 dYdXbpFee HyperliquidbpOrdersPrice spread, now +0.037%Rate

Funding earned: $21
Price spread: +0.037% → +0.019%: $1.86
Slippage, 4 orders: −$286.11
Fee dYdX: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$282.24
Costs to cover: 3.051%
Break-even: 101.1 days

Slippage from dYdX: live order book, 4 min ago; Hyperliquid: live order book, 8 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 dYdX live order book, 4 min ago	140.67 bp	145.7 bp −$146	173.3 bp −$1,733	246.9 bp −$24.7K	486.9 bp −$243.4K
Sell Hyperliquid live order book, 8 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-USDlong	0.0000%	1h	0.2460	long leg	$202K	$3K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2460	+0.017%	$140K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2460	+0.037%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.464%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2460	+0.017%	$412K	$7.7M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2464	+0.183%	$6.3M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2462	+0.086%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADAshort	+0.0100%	1h	0.2460	+0.037%	$42.7M	$14.9M	10x
Aster ADAUSDT	+0.0100%	8h	0.2462	+0.098%	$1.2M	$979K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2461	+0.038%	$160K	$161K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2461	+0.069%	$103.9M	$372.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2460	+0.017%	$71.8M	$111.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2459	−0.024%	$32.7M	$106.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2460	+0.017%	$98.4M	$58.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2460	+0.017%	$61.3M	$59.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2460	+0.009%	$29.7M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2460	+0.017%	$66.1M	$50.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2460	+0.017%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2465	+0.232%	$126K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	+0.102%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2452	−0.301%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.367%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2449	−0.430%	$226K	$740K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2461	+0.045%	$92K	$683K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2463	+0.139%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2465	+0.206%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2464	+0.180%	$8K	$742K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2464	+0.184%	$339	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2465	+0.227%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2464	+0.180%	$48.0M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2461	+0.056%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0107%	8h	0.2462	+0.089%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2459	−0.007%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2457	−0.105%	$4.5M	$5.7M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2460	−0.003%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0548% / S −0.0339%	1h	0.2460	+0.026%	$121K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0603%	1h	0.2465	+0.237%	$589K	$485K	50x	as long as short