Settings8H · net · $10k
Funding arb · Price arb /

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 23:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.006%
Price spread now: Hyperliquid against HTX−0.074%7-day average −0.016% · you buy dearer than you sell
Net, funding: paid 7d − costs−$58as in the Funding arb table
Net, price: spread back to 7d avg − costs−$43as in the Price arb table
costs, in and out, $10k−$370.368% of the position
What this pair did over the last
the charts below follow
Funding, last 7 days−0.212%−$21 on $10k
Price spread, last 3 days (all we have)−0.072%−$7 · spread now −0.074%, 7d avg −0.016%
Together, before fees−0.285%+ Points / potential airdropHyperliquid: Season 2 · farm board−$28 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.058% cheaper against HTX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of −0.016%.
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHTX ADA-USDT0.24570.0100pay 0.0100% / 8h1h 11m$1.3M$5.3M75x
ShortHyperliquid ADA0.24550.0100get 0.0013% / 1h11m 52s$42.5M$14.3M10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Hyperliquid against HTX. 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

Funding earned
$0
Price spread: −0.074% → −0.016%
−$5.79
Slippage, 4 orders
−$15.75
Fee HTX: 6 bp × 2 orders
−$12
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Net
−$42.54
Costs to cover
0.368%
Break-even
never at this rate
Slippage from HTX: 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
LegHalf-spread$10k$100k$1M$5M
Buy HTX live order book, 2 min ago1.71 bp11.0 bp −$1121.5 bp −$21549.6 bp −$4,961doesn't fit
Sell Hyperliquid live order book, 11 min ago1.02 bp5.9 bp −$6doesn't fitdoesn't fitdoesn't fit

ADA on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2456−0.047%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2456−0.029%$154K$6.0M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2456−0.048%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0064%1h0.2456−0.029%$412K$7.3M50xas long as short
Kraken Futures PF_ADAUSD+0.0095%1h0.2456−0.025%$6.2M$11.6M50xas long as short
Lighter ADA+0.0096%1h0.2458+0.036%$2.4M$1.3M10xas long as short
Hyperliquid ADAshort+0.0100%1h0.2455−0.074%$42.5M$14.3M10x
Aster ADAUSDT+0.0100%8h0.2455−0.076%$1.2M$922K75xas long as short
Pacifica ADA+0.0100%1h0.2456−0.025%$157K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2456−0.033%$102.0M$360.4M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
Bybit ADAUSDT+0.0100%8h0.2455−0.070%$71.4M$102.3M75xas long as short
OKX ADA-USDT-SWAP+0.0100%8h0.2456−0.029%$31.9M$105.9M50xas long as short
Gate ADA_USDT+0.0100%8h0.2455−0.070%$97.1M$59.3M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2455−0.070%$52.8M$51.1M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2455−0.090%$30.2M$18.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2455−0.070%$65.8M$43.3M75xas long as short
BingX ADA-USDT+0.0100%8h0.2455−0.070%$18.0Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2456−0.045%$102K$415K15xas long as short
Variational Omni ADA+0.0100%8h0.2458+0.060%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2459+0.088%$66K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2458+0.060%$292K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2460+0.134%$55K$581K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2456−0.045%$96K$625K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2456−0.029%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2457+0.007%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2457+0.014%$9K$760K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2456−0.025%$338$13K10xas long as short
HTX ADA-USDTlong+0.0100%8h0.2457long leg$1.3M$5.3M75x
Phemex ADAUSDT+0.0100%8h0.2455−0.070%$47.9M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2456−0.026%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2455−0.070%$554K$1.8M50xas long as short
Phoenix ADA+0.0131%1h0.2455−0.061%$4K$74K10xas long as short
Deribit ADA_USDC-PERPETUAL+0.0198%1h0.2457+0.016%$480K$351K50xas long as short
BloFin ADA-USDT+0.0220%8h0.2454−0.110%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0285%1h0.2456−0.026%$1K15xas long as short
Injective ADA/USDC PERP+0.0288%1h0.2471+0.582%$849$202K12xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0566% / S −0.0313%1h0.2455−0.057%$122K100xas long as short