ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0020%/8h= +2.2% APRnext payment +$0.02 per $10,000 · paid last 24h +0.015%

Price spread now: Hyperliquid against Coinbase International−0.171%7-day average +0.028% · you buy dearer than you sell

Net, funding: paid 7d − costs−$39as in the Funding arb table

Net, price: spread back to 7d avg − costs−$57as in the Price arb table

costs, in and out, $10k−$370.372% of the position

Long on Coinbase International Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days−0.023%−$2 on $10k

Price spread, last 4 days (all we have)+0.014%+$1 · spread now −0.171%, 7d avg +0.028%

Together, before fees−0.009%+ Points / potential airdropHyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Funding pays, the price is against you. Hyperliquid is 0.199% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.171% now, against its 7-day average of +0.028%). If the spread goes back, that is −$20 on $10k: about 33 days of funding at the current rate (+$1 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2456	0.0080	pay 0.0010% / 1h	51m 53s	$412K	$7.7M	50x
Short	Hyperliquid ADA	0.2452	0.0100	get 0.0013% / 1h	51m 53s	$42.6M	$14.9M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against Coinbase International. 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

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee HyperliquidbpOrdersPrice spread, now −0.171%Rate

Funding earned: $4.2
Price spread: −0.171% → +0.028%: −$19.87
Slippage, 4 orders: −$18.16
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$52.83
Costs to cover: 0.372%
Break-even: 95.0 days

Slippage from Coinbase International: live order book, 2 min ago; Hyperliquid: live order book, 11 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 Coinbase International live order book, 2 min ago	4.07 bp	10.8 bp −$11	17.5 bp −$175	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 11 min ago	0.81 bp	7.0 bp −$7	9.7 bp −$97	doesn't fit	doesn't fit

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	0.2453	−0.115%	$202K	$3K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2452	−0.163%	$145K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	−0.228%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.611%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXlong	+0.0080%	1h	0.2456	long leg	$412K	$7.7M	50x
Kraken Futures PF_ADAUSD	+0.0092%	1h	0.2451	−0.204%	$6.2M	$12.8M	50x	as long as short
Lighter ADA	+0.0096%	1h	0.2453	−0.130%	$2.4M	$1.1M	10x	as long as short
Hyperliquid ADAshort	+0.0100%	1h	0.2452	−0.171%	$42.6M	$14.9M	10x
Aster ADAUSDT	+0.0100%	8h	0.2452	−0.153%	$1.2M	$980K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2455	−0.029%	$159K	$161K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2450	−0.251%	$103.4M	$372.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2449	−0.285%	$71.4M	$111.3M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2450	−0.244%	$32.6M	$105.5M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2448	−0.326%	$97.9M	$58.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2449	−0.285%	$61.1M	$59.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2451	−0.195%	$29.6M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2450	−0.244%	$65.8M	$50.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2450	−0.244%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.187%	$125K	$444K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2462	+0.248%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.215%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2451	−0.221%	$288K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2449	−0.285%	$226K	$740K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	−0.110%	$92K	$684K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2451	−0.204%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	−0.154%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	−0.081%	$9K	$740K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2452	−0.183%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.135%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2452	−0.163%	$47.8M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2450	−0.231%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2454	−0.072%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0195%	1h	0.2459	+0.138%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2461	+0.204%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2453	−0.122%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0444%	1h	0.2453	−0.138%	$586K	$486K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0625% / S −0.0463%	1h	0.2451	−0.215%	$149K	—	100x	as long as short