After costs, if the gap returns to its 7d average, $10k−$19
spread now+0.099%7d average+0.011%fees + slippage, in and out−$28spread needed0.279%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Backpack ADA_USDC_PERP | 0.2433 | 0.0100 | pay 0.0013% / 1h | 41m 13s | $104K | $419K | 15x |
| Short | Hyperliquid ADA | 0.2435 | 0.0100 | get 0.0013% / 1h | 41m 13s | $41.5M | $15.7M | 10x |
Backpack ADA_USDC_PERP
Hyperliquid ADAPrice spread history
latest
Range statsloading…
How often the spread is this wide
share of time at each level, last 7DBacktest
opened in the past, held until now, after costsProfit calculator
- Spread captured
- $9.87
- Funding while held
- $0
- Slippage, 4 orders
- −$8.87
- Fee Backpack: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$18.01
- Spread needed to break even
- 0.279%
Slippage from Backpack: live order book, 19 min ago; Hyperliquid: live order book, 4 min ago.
Cost of waiting
funding view- Funding /8h
- 0.0000%
- Per $10,000 a day
- +$0.00
- Average in range /8h
- —
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 Backpack live order book, 19 min ago | 0.61 bp | 5.6 bp −$6 | 8.1 bp −$81 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 1.02 bp | 7.2 bp −$7 | 11.9 bp −$119 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2282cheapest
Reya0.2432+6.591%
Injective
ReyaBackpack0.2433+6.604%
Gate0.2433+6.617%BloFin0.2433+6.617%KuCoin0.2433+6.626%Extended0.2433+6.628%Aster0.2434+6.658%GMX0.2434+6.658%Bybit0.2434+6.661%OKX0.2434+6.661%MEXC0.2434+6.661%Bitget0.2434+6.661%BingX0.2434+6.661%Orderly0.2434+6.661%Paradex0.2434+6.666%Kraken Futures0.2434+6.669%Polymarket Perps0.2434+6.670%gTrade (Gains Network)0.2434+6.670%dYdX0.2434+6.682%SoDEX0.2434+6.683%Lighter0.2435+6.687%Deribit0.2435+6.696%Binance0.2435+6.700%SunX0.2435+6.703%Kalshi0.2435+6.705%Coinbase International0.2435+6.705%Phemex0.2435+6.705%
Gate
BloFin
KuCoin
Extended
Aster
GMX
Bybit
OKX
MEXC
Bitget
BingX
Orderly
Paradex
Kraken Futures
Polymarket Perps
gTrade (Gains Network)
dYdX
SoDEX
Lighter
Deribit
Binance
SunX
Coinbase International
PhemexHyperliquid0.2435+6.709%
Pacifica0.2435+6.722%HTX0.2435+6.724%edgeX0.2447+7.219%ApeX Omni0.2448+7.274%Derive0.2452+7.457%Variational Omni0.2453+7.492%Phoenix0.2454+7.528%
Pacifica
HTX
ApeX Omni
Derive
Variational Omni
PhoenixADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −6.195% | +0.0033% | 1h | $784 | $95K | 12x | as long as short |
| Reya ADARUSDPERP | −0.012% | +0.0298% | 1h | $1K | — | 15x | as long as short |
| Backpack ADA_USDC_PERPlong | 0.000% | +0.0100% | 1h | $104K | $419K | 15x | |
| Gate ADA_USDT | +0.012% | +0.0100% | 8h | $95.8M | $52.0M | 75x | as long as short |
| BloFin ADA-USDT | +0.012% | +0.0220% | 8h | $4.6M | $5.9M | 75x | as long as short |
| KuCoin ADAUSDTM | +0.021% | +0.0100% | 8h | $28.5M | $19.5M | 75x | as long as short |
| Extended ADA-USD | +0.023% | +0.0104% | 1h | $655K | $782K | 50x | as long as short |
| Aster ADAUSDT | +0.050% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.051% | L +0.0545% / S −0.0369% | 1h | $107K | — | 100x | as long as short |
| Bybit ADAUSDT | +0.053% | +0.0100% | 8h | $70.9M | $102.5M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.053% | +0.0100% | 8h | $32.0M | $97.0M | 50x | as long as short |
| MEXC ADA_USDT | +0.053% | +0.0100% | 8h | $53.6M | $58.3M | 300x | as long as short |
| Bitget ADAUSDT | +0.053% | +0.0100% | 8h | $63.5M | $43.5M | 75x | as long as short |
| BingX ADA-USDT | +0.053% | +0.0100% | 8h | — | $17.2M | — | as long as short |
| Orderly PERP_ADA_USDC | +0.053% | +0.0100% | 8h | $6K | $38K | 20x | as long as short |
| Paradex ADA-USD-PERP | +0.058% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Kraken Futures PF_ADAUSD | +0.061% | +0.0020% | 1h | $6.0M | $10.6M | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.062% | +0.0100% | 1h | $91K | $706K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.062% | L +0.0005% / S −0.0003% | 1h | $99K | — | 150x | as long as short |
| dYdX ADA-USD | +0.074% | +0.0048% | 1h | $201K | $2K | 10x | as long as short |
| SoDEX ADA-USD | +0.074% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Lighter ADA | +0.078% | +0.0096% | 1h | $2.2M | $931K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.086% | 0.0000% | 1h | $457K | $349K | 50x | as long as short |
| Binance ADAUSDT | +0.090% | +0.0100% | 8h | $103.0M | $326.1M | 75x | as long as short |
| SunX ADA-USDT | +0.093% | +0.0100% | 8h | $9K | $721K | 30x | as long as short |
| Kalshi KXADAPERP | +0.095% | 0.0000% | 8h | $171K | $5.2M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.095% | +0.0136% | 1h | $483K | $5.8M | 50x | as long as short |
| Phemex ADAUSDT | +0.095% | +0.0100% | 8h | $47.7M | $5.5M | 50x | as long as short |
| Hyperliquid ADAshort | +0.099% | +0.0100% | 1h | $41.5M | $15.7M | 10x | |
| Pacifica ADA | +0.111% | +0.0100% | 1h | $151K | $128K | 10x | as long as short |
| HTX ADA-USDT | +0.113% | +0.0100% | 8h | $1.3M | $4.3M | 75x | as long as short |
| edgeX ADAUSDC | +0.577% | +0.0100% | 4h | $65K | $350K | 20x | as long as short |
| ApeX Omni ADAUSDT | +0.629% | +0.0100% | 1h | $94K | $312K | 50x | as long as short |
| Derive ADA-PERP | +0.801% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Variational Omni ADA | +0.833% | +0.0100% | 8h | $4.3M | $950K | — | as long as short |
| Phoenix ADA | +0.867% | +0.0065% | 1h | $4K | $94K | 10x | as long as short |