Funding you earn now, next payment 12:00 UTC−0.0018%/8h= −2.0% APRpaid last 24h −0.018%
Price spread now: OKX against Hyperliquid−0.053%7-day average −0.010% · you buy dearer than you sell
Net, funding: paid 7d − costs−$22as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$310.306% of the position
Funding, last 7 days+0.081%+$8 on $10k
+Price spread, last 7 days+0.058%+$6 · spread now −0.053%, 7d avg −0.010%
=Together, before fees+0.140%+ Points / potential airdropHyperliquid: Season 2 · farm board+$14 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$1 a day on $10k at the current rate, and OKX is 0.043% cheaper against Hyperliquid than usual: you would sell low and buy high (−$4 if the spread goes back to its 7-day average of −0.010%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.081%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ADA | 0.2446 | 0.0118 | pay 0.0015% / 1h | 51m 28s | $43.6M | $17.1M | 10x |
| Short | OKX ADA-USDT-SWAP | 0.2445 | 0.0100 | get 0.0100% / 8h | 4h 51m | $32.2M | $104.3M | 50x |
Hyperliquid ADA
OKX ADA-USDT-SWAPFunding history
latest
Range statsloading…
Price spread between the two exchanges
OKX 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
- −$3.74
- Price spread: −0.053% → −0.010%
- −$4.31
- Slippage, 4 orders
- −$11.6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee OKX: 5 bp × 2 orders
- −$10
- Net
- −$38.65
- Costs to cover
- 0.306%
- Break-even
- never at this rate
Slippage from Hyperliquid: live order book, 5 min ago; OKX: 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 | 0.20 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell OKX live order book, 6 min ago | 2.04 bp | 10.9 bp −$11 | 13.3 bp −$133 | 35.2 bp −$3,517 | doesn't fit |
ADA on 37 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ADAUSD | −0.0105% | 1h | 0.2447 | +0.032% | $6.2M | $12.8M | 50x | as long as short |
| dYdX ADA-USD | 0.0000% | 1h | 0.2446 | −0.014% | $206K | $6K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2447 | +0.029% | $212K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2446 | −0.006% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.010% | $849 | $202K | 12x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2447 | +0.016% | $2.4M | $923K | 10x | as long as short |
| Phoenix ADA | +0.0098% | 1h | 0.2450 | +0.135% | $2K | $102K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2445 | −0.037% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2447 | +0.009% | $157K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2446 | −0.016% | $105.0M | $376.3M | 75x | as long as short |
Kraken Futures PF_ADAUSD
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Lighter ADA
Phoenix ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2444 | −0.094% | $74.1M | $122.0M | 75x | as long as short |
| OKX ADA-USDT-SWAPshort | +0.0100% | 8h | 0.2445 | −0.053% | $32.2M | $104.3M | 50x | |
| Gate ADA_USDT | +0.0100% | 8h | 0.2444 | −0.094% | $100.8M | $58.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2445 | −0.053% | $50.8M | $69.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2446 | +0.004% | $29.4M | $14.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2445 | −0.053% | $67.1M | $49.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2445 | −0.053% | — | $18.2M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2447 | +0.037% | $136K | $447K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2450 | +0.145% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | +0.219% | $65K | $290K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2452 | +0.234% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2453 | +0.274% | $67K | $898K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2444 | −0.094% | $91K | $1.5M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2446 | −0.012% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2448 | +0.063% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2448 | +0.072% | $8K | $659K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2447 | +0.033% | $337 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2447 | +0.038% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2447 | +0.029% | $47.3M | $7.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2445 | −0.059% | $19K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2444 | −0.107% | $540K | $1.7M | 50x | as long as short |
| Hyperliquid ADAlong | +0.0118% | 1h | 0.2446 | long leg | $43.6M | $17.1M | 10x | |
| Coinbase International ADA-PERP-INTX | +0.0216% | 1h | 0.2453 | +0.274% | $408K | $7.8M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2446 | −0.012% | $4.6M | $5.5M | 75x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0240% | 1h | 0.2448 | +0.061% | $572K | $836K | 50x | as long as short |
| Reya ADARUSDPERP | +0.0268% | 1h | 0.2444 | −0.083% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0367% / S −0.0294% | 1h | 0.2446 | −0.009% | $87K | — | 100x | as long as short |
Bybit ADAUSDT
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
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]