Funding you earn now, next payment 04:00 UTC0.0000%/8h= 0.0% APRpaid last 24h −0.007%
Price spread now: Bybit against Hyperliquid−0.252%7-day average −0.009% · you buy dearer than you sell
Net, funding: paid 7d − costs−$17as in the Funding arb table
Net, price: spread back to 7d avg − costs−$53as in the Price arb table
costs, in and out, $10k−$290.290% of the position
Funding, last 7 days+0.124%+$12 on $10k
+Price spread, last 7 days+0.236%+$24 · spread now −0.252%, 7d avg −0.009%
=Together, before fees+0.360%+ Points / potential airdropHyperliquid: Season 2 · farm board+$36 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Bybit is 0.243% cheaper against Hyperliquid than usual: you would sell low and buy high, −$24 on $10k if it goes back to its 7-day average of −0.009%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ADA | 0.2459 | 0.0100 | pay 0.0013% / 1h | 58m 18s | $42.7M | $14.9M | 10x |
| Short | Bybit ADAUSDT | 0.2453 | 0.0100 | get 0.0100% / 8h | 4h 58m | $71.6M | $111.3M | 75x |
Hyperliquid ADA
Bybit ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Bybit against Hyperliquid. 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
- $0
- Price spread: −0.252% → −0.009%
- −$24.27
- Slippage, 4 orders
- −$9.03
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Net
- −$53.3
- Costs to cover
- 0.290%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; Bybit: 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 Hyperliquid live order book, 5 min ago | 0.81 bp | 6.8 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
| Sell Bybit live order book, 6 min ago | 2.04 bp | 7.7 bp −$8 | 12.6 bp −$126 | 31.8 bp −$3,178 | 133.3 bp −$66.7K |
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 | 0.2459 | −0.026% | $202K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2460 | +0.033% | $140K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | −0.232% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.480% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2455 | −0.171% | $408K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0092% | 1h | 0.2454 | −0.222% | $6.2M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2455 | −0.167% | $2.4M | $1.1M | 10x | as long as short |
| Hyperliquid ADAlong | +0.0100% | 1h | 0.2459 | long leg | $42.7M | $14.9M | 10x | |
| Aster ADAUSDT | +0.0100% | 8h | 0.2458 | −0.061% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2461 | +0.058% | $160K | $161K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
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 | 0.2453 | −0.235% | $103.7M | $372.6M | 75x | as long as short |
| Bybit ADAUSDTshort | +0.0100% | 8h | 0.2453 | −0.252% | $71.6M | $111.3M | 75x | |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2453 | −0.252% | $32.6M | $105.9M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2455 | −0.171% | $98.5M | $58.6M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2456 | −0.130% | $61.3M | $59.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2457 | −0.073% | $29.7M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | −0.211% | $65.9M | $50.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.211% | — | $20.0M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2459 | −0.028% | $126K | $448K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2454 | −0.212% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2455 | −0.167% | $65K | $285K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2456 | −0.135% | $293K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2456 | −0.130% | $226K | $739K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2457 | −0.077% | $91K | $683K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | −0.211% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2456 | −0.147% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2458 | −0.048% | $8K | $742K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2455 | −0.191% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2454 | −0.205% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2454 | −0.211% | $47.8M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | −0.234% | $531K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0107% | 8h | 0.2460 | +0.031% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2456 | −0.130% | $4K | $89K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2455 | −0.171% | $4.5M | $5.7M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2456 | −0.129% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0320% | 1h | 0.2456 | −0.142% | $586K | $485K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0547% / S −0.0339% | 1h | 0.2454 | −0.206% | $121K | — | 100x | as long as short |
Binance 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]