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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 06:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.00 per $10,000 · paid last 24h −0.011%
Price spread now: Extended against Hyperliquid−0.076%7-day average −0.057% · you buy dearer than you sell
Net, funding: paid 7d − costs−$14as in the Funding arb table
Net, price: spread back to 7d avg − costs−$24as in the Price arb table
costs, in and out, $10k−$220.222% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days+0.081%+$8 on $10k
Price spread, last 7 days+0.019%+$2 · spread now −0.076%, 7d avg −0.057%
Together, before fees+0.100%+ Points / potential airdropHyperliquid: Season 2 · Extended: Active · farm board+$10 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ADA0.24400.0100pay 0.0013% / 1h19m 07s$42.0M$17.5M10x
ShortExtended ADA-USD0.24380.0104get 0.0013% / 1h19m 07s$522K$1.8M50x

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

Funding earned
$0.84
Price spread: −0.076% → −0.057%
−$1.87
Slippage, 4 orders
−$8.18
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee Extended: 2.5 bp × 2 orders
−$5
Net
−$23.22
Costs to cover
0.222%
Break-even
200.5 days
Slippage from Hyperliquid: live order book, 4 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 4 min ago0.82 bp7.7 bp −$8doesn't fitdoesn't fitdoesn't fit
Sell Extended live order book, 4 min ago2.07 bp4.6 bp −$57.9 bp −$79doesn't fitdoesn't fit

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
Kalshi KXADAPERP0.0000%8h0.2437−0.111%$203K$7.5M3.2xas long as short
dYdX ADA-USD+0.0002%1h0.2437−0.129%$200K$2K10xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2437−0.099%$83K150xas long as short
Kraken Futures PF_ADAUSD+0.0020%1h0.2438−0.080%$6.3M$13.7M50xas long as short
Phoenix ADA+0.0032%1h0.2429−0.418%$4K$105K10xas long as short
Injective ADA/USDC PERP+0.0033%1h0.2471+1.283%$849$202K12xas long as short
Lighter ADA+0.0096%1h0.24400.000%$2.4M$1.0M10xas long as short
Hyperliquid ADAlong+0.0100%1h0.2440long leg$42.0M$17.5M10x
Aster ADAUSDT+0.0100%8h0.2438−0.070%$1.2M$1.1M75xas long as short
Pacifica ADA+0.0100%1h0.2439−0.047%$156K$176K10xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Binance ADAUSDT+0.0100%8h0.2439−0.049%$102.5M$407.5M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2438−0.070%$71.5M$123.3M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2440+0.012%$32.4M$117.1M50xas long as short
Gate ADA_USDT+0.0100%8h0.2437−0.111%$98.9M$64.7M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2438−0.070%$52.3M$65.0M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2438−0.066%$29.2M$15.7M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2438−0.070%$66.3M$53.0M75xas long as short
BingX ADA-USDC+0.0100%8h0.2438−0.070%$6.6Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2439−0.025%$126K$476K15xas long as short
Variational Omni ADA+0.0100%8h0.2427−0.517%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2430−0.383%$65K$286K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2419−0.851%$284K$4.0M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2420−0.807%$84K$887K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2437−0.102%$126K$986K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2438−0.070%$6K$6K20xas long as short
Derive ADA-PERP+0.0100%1h0.2439−0.038%$40K$2K5xas long as short
SunX ADA-USDT+0.0100%8h0.2440+0.010%$8K$763K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2439−0.049%$335$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2439−0.031%$1.3M$6.9M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2437−0.111%$47.3M$7.4M50xas long as short
Paradex ADA-USD-PERP+0.0101%8h0.2440+0.011%$20K$25020xas long as short
Extended ADA-USDshort+0.0104%1h0.2438−0.076%$522K$1.8M50x
Coinbase International ADA-PERP-INTX+0.0104%1h0.2438−0.070%$382K$8.4M50xas long as short
BloFin ADA-USDT+0.0220%8h0.2438−0.070%$4.4M$5.8M75xas long as short
Reya ADARUSDPERP+0.0276%1h0.2439−0.049%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0571%1h0.2439−0.020%$607K$597K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0640% / S −0.0714%1h0.2438−0.081%$161K100xas long as short