Spread before costs (cost unknown: a leg has no order-book sample)+0.116%
7d average—if it closes, per $10,000$12funding while held, a day+$0.00
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ADA-PERP | 0.2434 | 0.0100 | pay 0.0013% / 1h | 9m 34s | $39K | $3K | 5x |
| Short | Hyperliquid ADA | 0.2437 | 0.0100 | get 0.0013% / 1h | 9m 34s | $41.7M | $15.6M | 10x |
Derive ADA-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
- $11.58
- Funding while held
- $0
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$3.42
- Spread needed to break even
- 0.150%
Slippage unknown: Derive: no order-book sample; Hyperliquid: live order book, 5 min ago. Net counts fees only.
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 Derive no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 5 min ago | 0.83 bp | 7.5 bp −$7 | doesn't fit | doesn't fit | doesn't fit |
Derive: 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 price on every exchange
against the cheapest. Click to use as the short leg.ApeX Omni0.2420cheapestCoinbase International0.2420cheapestedgeX0.2421+0.038%Injective0.2424+0.165%Variational Omni0.2427+0.288%Phoenix0.2429+0.393%Kalshi0.2432+0.496%BloFin0.2432+0.496%GMX0.2433+0.529%Orderly0.2433+0.537%Phemex0.2433+0.537%gTrade (Gains Network)0.2433+0.550%Reya0.2434+0.558%Kraken Futures0.2434+0.563%HTX0.2434+0.581%
ApeX Omni
Coinbase International
Injective
Variational Omni
Phoenix
BloFin
GMX
Orderly
Phemex
gTrade (Gains Network)
Reya
Kraken Futures
HTXDerive0.2434+0.590%
Polymarket Perps0.2434+0.595%Deribit0.2434+0.595%SunX0.2435+0.619%Gate0.2435+0.620%SoDEX0.2435+0.640%dYdX0.2436+0.642%KuCoin0.2436+0.645%Backpack0.2436+0.649%Aster0.2436+0.661%Bybit0.2436+0.661%MEXC0.2436+0.661%Extended0.2437+0.693%Pacifica0.2437+0.695%Binance0.2437+0.697%
Polymarket Perps
Deribit
SunX
Gate
SoDEX
dYdX
KuCoin
Backpack
Aster
Bybit
MEXC
Extended
Pacifica
BinanceHyperliquid0.2437+0.707%
Lighter0.2437+0.719%OKX0.2438+0.744%Bitget0.2438+0.744%BingX0.2438+0.744%Paradex0.2438+0.756%
Lighter
OKX
Bitget
BingX
ParadexADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| ApeX Omni ADAUSDT | −0.587% | +0.0100% | 1h | $95K | $344K | 50x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.587% | +0.0136% | 1h | $422K | $6.6M | 50x | as long as short |
| edgeX ADAUSDC | −0.548% | +0.0100% | 4h | $64K | $352K | 20x | as long as short |
| Injective ADA/USDC PERP | −0.422% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.300% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | −0.196% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Kalshi KXADAPERP | −0.094% | 0.0000% | 8h | $147K | $5.5M | 3.2x | as long as short |
| BloFin ADA-USDT | −0.094% | +0.0220% | 8h | $4.5M | $6.0M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.060% | L +0.0542% / S −0.0293% | 1h | $116K | — | 100x | as long as short |
| Orderly PERP_ADA_USDC | −0.053% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Phemex ADAUSDT | −0.053% | +0.0100% | 8h | $47.7M | $5.8M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.040% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| Reya ADARUSDPERP | −0.032% | +0.0296% | 1h | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | −0.027% | −0.0069% | 1h | $5.9M | $11.1M | 50x | as long as short |
| HTX ADA-USDT | −0.009% | +0.0100% | 8h | $1.3M | $4.7M | 75x | as long as short |
| Derive ADA-PERPlong | 0.000% | +0.0100% | 1h | $39K | $3K | 5x | |
| Polymarket Perps ADA-USD | +0.005% | +0.0100% | 1h | $93K | $721K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.005% | +0.0120% | 1h | $459K | $386K | 50x | as long as short |
| SunX ADA-USDT | +0.029% | +0.0100% | 8h | $9K | $773K | 30x | as long as short |
| Gate ADA_USDT | +0.030% | +0.0073% | 8h | $93.6M | $57.0M | 75x | as long as short |
| SoDEX ADA-USD | +0.050% | +0.0100% | 1h | $503 | $13K | 10x | as long as short |
| dYdX ADA-USD | +0.052% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| KuCoin ADAUSDTM | +0.054% | +0.0100% | 8h | $30.1M | $20.8M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.058% | +0.0100% | 1h | $105K | $415K | 15x | as long as short |
| Aster ADAUSDT | +0.071% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.071% | +0.0100% | 8h | $70.2M | $108.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.071% | +0.0100% | 8h | $52.8M | $62.1M | 300x | as long as short |
| Extended ADA-USD | +0.102% | +0.0104% | 1h | $634K | $1.5M | 50x | as long as short |
| Pacifica ADA | +0.104% | +0.0100% | 1h | $159K | $174K | 10x | as long as short |
| Binance ADAUSDT | +0.106% | +0.0100% | 8h | $101.5M | $349.6M | 75x | as long as short |
| Hyperliquid ADAshort | +0.116% | +0.0100% | 1h | $41.7M | $15.6M | 10x | |
| Lighter ADA | +0.128% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| OKX ADA-USDT-SWAP | +0.153% | +0.0100% | 8h | $32.3M | $104.3M | 50x | as long as short |
| Bitget ADAUSDT | +0.153% | +0.0100% | 8h | $63.8M | $45.8M | 75x | as long as short |
| BingX ADA-USDC | +0.153% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Paradex ADA-USD-PERP | +0.165% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |