ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 23:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.020%

Price spread now: Extended against Hyperliquid−0.015%7-day average −0.037% · you buy dearer than you sell

Net, funding: paid 7d − costs−$10as in the Funding arb table

Net, price: spread back to 7d avg − costs−$18as in the Price arb table

costs, in and out, $10k−$210.207% of the position

Long on Hyperliquid Short on Extended

What this pair did over the last

the charts below follow

Funding, last 7 days+0.102%+$10 on $10k

Price spread, last 4 days (all we have)−0.082%−$8 · spread now −0.015%, 7d avg −0.037%

Together, before fees+0.020%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$2 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: Extended is 0.022% dearer against Hyperliquid than usual: you sell high and buy low, +$2 on $10k if it goes back to its 7-day average of −0.037%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Hyperliquid ADA	0.2455	0.0100	pay 0.0013% / 1h	24m 29s	$42.5M	$14.3M	10x
Short	Extended ADA-USD	0.2455	0.0104	get 0.0013% / 1h	24m 29s	$554K	$1.8M	50x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Extended 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

Position, each leg$Hold fordaysFee HyperliquidbpFee ExtendedbpOrdersPrice spread, now −0.015%Rate

Funding earned: $0.84
Price spread: −0.015% → −0.037%: $2.22
Slippage, 4 orders: −$6.72
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Fee Extended: 2.5 bp × 2 orders: −$5
Net: −$17.66
Costs to cover: 0.207%
Break-even: 154.2 days

Slippage from Hyperliquid: live order book, 9 min ago; Extended: live order book, 4 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, 9 min ago	0.61 bp	6.2 bp −$6	doesn't fit	doesn't fit	doesn't fit
Sell Extended live order book, 4 min ago	2.04 bp	4.5 bp −$5	9.8 bp −$98	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	0.2455	−0.015%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2456	+0.024%	$154K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	−0.035%	$84K	—	150x	as long as short
Coinbase International ADA-PERP-INTX	+0.0064%	1h	0.2450	−0.220%	$409K	$7.3M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0095%	1h	0.2455	−0.037%	$6.2M	$11.5M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2458	+0.110%	$2.4M	$1.3M	10x	as long as short
Hyperliquid ADAlong	+0.0100%	1h	0.2455	long leg	$42.5M	$14.3M	10x
Aster ADAUSDT	+0.0100%	8h	0.2454	−0.047%	$1.2M	$920K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2456	+0.038%	$157K	$146K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	−0.007%	$101.7M	$359.6M	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	0.2453	−0.098%	$71.3M	$101.7M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	−0.057%	$31.8M	$105.8M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.057%	$96.7M	$58.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2454	−0.057%	$52.7M	$50.8M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2455	−0.016%	$30.3M	$18.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	−0.057%	$65.8M	$43.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2455	−0.016%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	−0.020%	$101K	$415K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	−0.131%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2453	−0.105%	$65K	$279K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.092%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2455	−0.016%	$55K	$580K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2455	−0.024%	$96K	$624K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2454	−0.057%	$6K	$36K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2455	−0.024%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	−0.057%	$9K	$759K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	−0.041%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2454	−0.040%	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	−0.057%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	0.2456	+0.036%	$21K	$250	20x	as long as short
Extended ADA-USDshort	+0.0104%	1h	0.2455	−0.015%	$554K	$1.8M	50x
Phoenix ADA	+0.0131%	1h	0.2451	−0.195%	$4K	$74K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2450	−0.220%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0285%	1h	0.2454	−0.053%	$1K	—	15x	as long as short
Injective ADA/USDC PERP	+0.0288%	1h	0.2471	+0.635%	$849	$202K	12x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0361%	1h	0.2455	−0.008%	$479K	$352K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0565% / S −0.0313%	1h	0.2455	−0.025%	$122K	—	100x	as long as short