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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: BingX against Hyperliquid−0.094%7-day average · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$38as in the Price arb table
costs, in and out, $10k−$290.289% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.159%+$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: BingX is 0.094% cheaper against Hyperliquid than usual: you would sell low and buy high, −$9 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ADA0.24510.0100pay 0.0013% / 1h57m 45s$42.6M$14.9M10x
ShortBingX ADA-USDT0.24490.0100get 0.0100% / 8h4h 57m$20.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

BingX against Hyperliquid. 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: −0.094% → 0.000%
−$9.38
Slippage, 4 orders
−$9.89
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee BingX: 5 bp × 2 orders
−$10
Net
−$38.28
Costs to cover
0.289%
Break-even
never at this rate
Slippage from Hyperliquid: live order book, 6 min ago; BingX: 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 Hyperliquid live order book, 6 min ago0.81 bp6.8 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell BingX live order book, 11 min ago2.03 bp8.1 bp −$810.8 bp −$10815.4 bp −$1,54424.7 bp −$12.4K

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
dYdX ADA-USD0.0000%1h0.2448−0.127%$201K$3K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2460+0.355%$140K$6.3M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2454+0.090%$84K150xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+0.804%$849$202K12xas long as short
Coinbase International ADA-PERP-INTX+0.0080%1h0.2455+0.151%$408K$7.7M50xas long as short
Kraken Futures PF_ADAUSD+0.0092%1h0.2454+0.100%$6.2M$12.8M50xas long as short
Lighter ADA+0.0096%1h0.2451−0.024%$2.4M$1.1M10xas long as short
Hyperliquid ADAlong+0.0100%1h0.2451long leg$42.6M$14.9M10x
Aster ADAUSDT+0.0100%8h0.2452+0.031%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2449−0.102%$159K$161K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2449−0.094%$103.5M$372.7M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2447−0.175%$71.4M$111.3M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2449−0.094%$32.6M$105.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2449−0.094%$98.2M$58.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2448−0.135%$61.1M$59.8M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2452+0.008%$29.6M$16.0M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2449−0.094%$65.8M$50.2M75xas long as short
BingX ADA-USDTshort+0.0100%8h0.2449−0.094%$20.0M
Backpack ADA_USDC_PERP+0.0100%1h0.2453+0.078%$125K$448K15xas long as short
Variational Omni ADA+0.0100%8h0.2454+0.110%$4.3M$1.1Mas long as short
edgeX ADAUSDC+0.0100%4h0.2455+0.155%$65K$285K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2456+0.187%$293K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2456+0.192%$226K$739K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2457+0.245%$91K$683K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2454+0.110%$6K$5K20xas long as short
Derive ADA-PERP+0.0100%1h0.2456+0.175%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2458+0.274%$8K$742K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2455+0.131%$338$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2454+0.117%$1.3M$6.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2454+0.110%$47.8M$6.5M50xas long as short
Extended ADA-USD+0.0104%1h0.2449−0.096%$531K$1.8M50xas long as short
Paradex ADA-USD-PERP+0.0107%8h0.2448−0.131%$21K$25020xas long as short
Phoenix ADA+0.0163%1h0.2456+0.192%$4K$89K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2455+0.151%$4.5M$5.7M75xas long as short
Reya ADARUSDPERP+0.0279%1h0.2456+0.193%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0320%1h0.2456+0.179%$586K$485K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0547% / S −0.0339%1h0.2454+0.115%$121K100xas long as short