Funding you earn now, next payment 01:00 UTC+0.0067%/8h= +7.3% APRnext payment +$0.08 per $10,000 · paid last 24h +0.009%
Price spread now: Hyperliquid against Injective−0.987%93s7-day average +0.320% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.104%−$10 on $10k
+Price spread, last 3 days (all we have)+2.072%+$207 · spread now −0.987%, 7d avg +0.320%
=Together, before fees+1.968%+ Points / potential airdropHyperliquid: Season 2 · farm board+$197 on $10k · with fees, hour by hour
Funding pays, the price is against you. Hyperliquid is 1.307% cheaper against Injective than usual: you would sell low and buy high (spread −0.987% now, against its 7-day average of +0.320%). If the spread goes back, that is −$131 on $10k: about 2 months of funding at the current rate (+$2 a day). Mind the row above: over the last 7 days funding on this pair cost −0.104%, so the current rate has only just turned in your favour. The two prices were read 93 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 | Injective ADA/USDC PERP | 0.2471 | 0.0033 | pay 0.0004% / 1h | 49m 42s | $849 | $202K | 12x |
| Short | Hyperliquid ADA | 0.2447 | 0.0100 | get 0.0013% / 1h | 49m 42s | $42.5M | $14.3M | 10x |
Injective ADA/USDC PERP
Hyperliquid ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- $14
- Price spread: −0.987% → +0.320%
- −$130.73
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$125.75
- Costs to cover
- 0.090%
- Break-even
- 69.9 days
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 4 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 4 min ago | 0.81 bp | 6.0 bp −$6 | 10.0 bp −$100 | doesn't fit | doesn't fit |
Injective: 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 | 0.2445 | −1.070% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2447 | −0.971% | $195K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2446 | −1.030% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERPlong | +0.0033% | 1h | 0.2471 | long leg | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2450 | −0.850% | $411K | $7.2M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0048% | 1h | 0.2445 | −1.070% | $6.1M | $11.7M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2446 | −1.000% | $2.4M | $1.0M | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2453 | −0.732% | $4K | $84K | 10x | as long as short |
| Hyperliquid ADAshort | +0.0100% | 1h | 0.2447 | −0.987% | $42.5M | $14.3M | 10x | |
| Aster ADAUSDT | +0.0100% | 8h | 0.2445 | −1.051% | $1.2M | $939K | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Phoenix ADA
Aster ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ADA | +0.0100% | 1h | 0.2446 | −1.007% | $157K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2446 | −1.012% | $101.3M | $364.8M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2446 | −1.012% | $71.4M | $103.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2447 | −0.971% | $32.3M | $106.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2444 | −1.093% | $97.4M | $58.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2446 | −1.012% | $52.5M | $50.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2445 | −1.044% | $29.9M | $17.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2446 | −1.012% | $65.7M | $43.7M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2445 | −1.052% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2446 | −1.028% | $107K | $416K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2447 | −0.966% | $4.2M | $967K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | −0.755% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.740% | $289K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2453 | −0.728% | $55K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2446 | −1.004% | $93K | $643K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2444 | −1.093% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2444 | −1.085% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2447 | −0.972% | $9K | $766K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2445 | −1.072% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2447 | −0.979% | $1.3M | $5.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2445 | −1.052% | $47.8M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2446 | −1.005% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | −1.032% | $550K | $1.8M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0200% | 1h | 0.2444 | −1.085% | $490K | $428K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2451 | −0.809% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2447 | −0.990% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0393% | 1h | 0.2446 | −1.013% | $141K | — | 100x | as long as short |
Pacifica ADA
Binance ADAUSDT
Bybit 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
Paradex ADA-USD-PERP
Extended ADA-USD
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]