Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Hyperliquid against Paradex−0.034%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropParadex: Active · Hyperliquid: 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: Hyperliquid is 0.034% cheaper against Paradex than usual: you would sell low and buy high, −$3 on $10k if it goes back to zero (this spread has no 7-day history yet).
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Paradex ADA-USD-PERP | 0.2447 | 0.0100 | pay 0.0100% / 8h | 2h 40m | $21K | $250 | 20x |
| Short | Hyperliquid ADA | 0.2447 | 0.0100 | get 0.0013% / 1h | 40m 32s | $42.4M | $14.5M | 10x |
Paradex ADA-USD-PERP
Hyperliquid ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Paradex. 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
- −$0.07
- Price spread: −0.034% → 0.000%
- −$3.38
- Slippage, 4 orders
- no order book: not counted
- Fee Paradex: 2 bp × 2 orders
- −$4
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$16.45
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Paradex: no order-book sample; Hyperliquid: live order book, 3 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 Paradex no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 3 min ago | 0.61 bp | 5.5 bp −$5 | 9.6 bp −$96 | doesn't fit | doesn't fit |
Paradex: 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 | 0.2447 | −0.015% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2448 | +0.027% | $153K | $5.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2447 | −0.022% | $87K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2450 | +0.109% | $408K | $7.2M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2448 | +0.027% | $2.4M | $1.3M | 10x | as long as short |
| Hyperliquid ADAshort | +0.0100% | 1h | 0.2447 | −0.034% | $42.4M | $14.5M | 10x | |
| Aster ADAUSDT | +0.0100% | 8h | 0.2446 | −0.035% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2446 | −0.034% | $156K | $146K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2446 | −0.040% | $100.7M | $354.7M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2446 | −0.054% | $70.5M | $99.5M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2447 | −0.013% | $32.1M | $104.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2445 | −0.095% | $96.9M | $57.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2446 | −0.054% | $53.0M | $56.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2447 | −0.030% | $30.4M | $18.3M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2447 | −0.013% | $65.5M | $42.7M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2447 | −0.013% | — | $20.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2448 | +0.032% | $101K | $412K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2448 | +0.008% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2448 | +0.013% | $65K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2447 | −0.016% | $286K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2447 | −0.013% | $55K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2447 | −0.013% | $96K | $677K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2447 | −0.013% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2448 | +0.034% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2449 | +0.068% | $9K | $757K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2448 | +0.032% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2448 | +0.010% | $1.3M | $4.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2447 | −0.013% | $47.8M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERPlong | +0.0100% | 8h | 0.2447 | long leg | $21K | $250 | 20x | |
| Extended ADA-USD | +0.0104% | 1h | 0.2447 | −0.001% | $557K | $1.8M | 50x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0118% | 1h | 0.2449 | +0.056% | $475K | $355K | 50x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2449 | +0.064% | $4K | $82K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2448 | +0.027% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0287% | 1h | 0.2447 | +0.001% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0337% | 1h | 0.2448 | +0.028% | $6.2M | $11.5M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0521% / S −0.0277% | 1h | 0.2447 | −0.005% | $113K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2457 | +0.395% | $844 | $95K | 12x | as long as short |
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
Deribit ADA_USDC-PERPETUAL
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP