After costs, if the gap returns to its 7d average, $10k−$143
spread now+0.262%7d average+0.011%fees + slippage, in and out−$168spread needed1.677%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | dYdX ADA-USD | 0.2435 | 0.0045 | pay 0.0006% / 1h | 40m 06s | $201K | $2K | 10x |
| Short | Hyperliquid ADA | 0.2441 | 0.0100 | get 0.0013% / 1h | 40m 06s | $41.6M | $15.7M | 10x |
dYdX ADA-USD
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
- $26.22
- Funding while held
- $1.64
- Slippage, 4 orders
- −$148.74
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$139.88
- Spread needed to break even
- 1.677%
Slippage from dYdX: live order book, 20 min ago; Hyperliquid: live order book, 5 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0055%
- Per $10,000 a day
- +$1.64
- 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 dYdX live order book, 20 min ago | 62.56 bp | 67.6 bp −$68 | 71.2 bp −$712 | 71.6 bp −$7,156 | 71.6 bp −$35.8K |
| Sell Hyperliquid live order book, 5 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
Variational Omni0.2432+6.573%BloFin0.2433+6.617%Derive0.2434+6.662%
Injective
Variational Omni
BloFin
DerivedYdX0.2435+6.684%
Kalshi0.2435+6.705%Gate0.2438+6.836%Coinbase International0.2438+6.836%Pacifica0.2438+6.846%Extended0.2438+6.849%Reya0.2439+6.875%Bybit0.2439+6.880%MEXC0.2439+6.880%Bitget0.2439+6.880%BingX0.2439+6.880%Orderly0.2439+6.880%Phemex0.2439+6.880%KuCoin0.2439+6.884%Aster0.2439+6.888%Paradex0.2439+6.889%Polymarket Perps0.2439+6.889%gTrade (Gains Network)0.2439+6.895%HTX0.2439+6.895%Binance0.2439+6.898%SoDEX0.2440+6.902%GMX0.2440+6.909%Lighter0.2440+6.919%Deribit0.2440+6.919%SunX0.2440+6.923%OKX0.2440+6.924%Kraken Futures0.2441+6.947%Backpack0.2441+6.950%
Gate
Coinbase International
Pacifica
Extended
Reya
Bybit
MEXC
Bitget
BingX
Orderly
Phemex
KuCoin
Aster
Paradex
Polymarket Perps
gTrade (Gains Network)
HTX
Binance
SoDEX
GMX
Lighter
Deribit
SunX
OKX
Kraken Futures
BackpackHyperliquid0.2441+6.963%
edgeX0.2447+7.219%ApeX Omni0.2448+7.274%Phoenix0.2454+7.528%
ApeX 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 | −6.265% | +0.0033% | 1h | $784 | $95K | 12x | as long as short |
| Variational Omni ADA | −0.103% | +0.0100% | 8h | $4.2M | $950K | — | as long as short |
| BloFin ADA-USDT | −0.062% | +0.0220% | 8h | $4.6M | $5.9M | 75x | as long as short |
| Derive ADA-PERP | −0.020% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| dYdX ADA-USDlong | 0.000% | +0.0045% | 1h | $201K | $2K | 10x | |
| Kalshi KXADAPERP | +0.020% | 0.0000% | 8h | $170K | $5.2M | 3.2x | as long as short |
| Gate ADA_USDT | +0.143% | +0.0100% | 8h | $96.0M | $52.4M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.143% | +0.0136% | 1h | $495K | $5.8M | 50x | as long as short |
| Pacifica ADA | +0.152% | +0.0100% | 1h | $151K | $128K | 10x | as long as short |
| Extended ADA-USD | +0.155% | +0.0104% | 1h | $655K | $782K | 50x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Reya ADARUSDPERP | +0.180% | +0.0298% | 1h | $1K | — | 15x | as long as short |
| Bybit ADAUSDT | +0.184% | +0.0100% | 8h | $71.0M | $102.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.184% | +0.0100% | 8h | $54.1M | $58.4M | 300x | as long as short |
| Bitget ADAUSDT | +0.184% | +0.0100% | 8h | $63.6M | $43.5M | 75x | as long as short |
| BingX ADA-USDC | +0.184% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Orderly PERP_ADA_USDC | +0.184% | +0.0100% | 8h | $6K | $38K | 20x | as long as short |
| Phemex ADAUSDT | +0.184% | +0.0100% | 8h | $47.8M | $5.5M | 50x | as long as short |
| KuCoin ADAUSDTM | +0.188% | +0.0100% | 8h | $28.5M | $19.5M | 75x | as long as short |
| Aster ADAUSDT | +0.192% | +0.0100% | 8h | $1.1M | $1.3M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.192% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Polymarket Perps ADA-USD | +0.192% | +0.0100% | 1h | $91K | $706K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.198% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| HTX ADA-USDT | +0.198% | +0.0100% | 8h | $1.3M | $4.3M | 75x | as long as short |
| Binance ADAUSDT | +0.201% | +0.0100% | 8h | $103.2M | $326.5M | 75x | as long as short |
| SoDEX ADA-USD | +0.205% | +0.0100% | 1h | $336 | $13K | 10x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | +0.212% | L +0.0546% / S −0.0369% | 1h | $107K | — | 100x | as long as short |
| Lighter ADA | +0.221% | +0.0096% | 1h | $2.2M | $931K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.221% | 0.0000% | 1h | $458K | $349K | 50x | as long as short |
| SunX ADA-USDT | +0.225% | +0.0100% | 8h | $9K | $725K | 30x | as long as short |
| OKX ADA-USDT-SWAP | +0.225% | +0.0100% | 8h | $32.1M | $97.4M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.247% | +0.0019% | 1h | $6.0M | $10.7M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.250% | +0.0100% | 1h | $104K | $419K | 15x | as long as short |
| Hyperliquid ADAshort | +0.262% | +0.0100% | 1h | $41.6M | $15.7M | 10x | |
| edgeX ADAUSDC | +0.502% | +0.0100% | 4h | $65K | $350K | 20x | as long as short |
| ApeX Omni ADAUSDT | +0.554% | +0.0100% | 1h | $94K | $312K | 50x | as long as short |
| Phoenix ADA | +0.792% | +0.0065% | 1h | $4K | $94K | 10x | as long as short |