After costs, if the gap returns to its 7d average, $10k−$31
spread now+0.029%7d average−0.017%fees + slippage, in and out−$36spread needed0.355%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ADA | 0.2438 | 0.0100 | pay 0.0013% / 1h | 9m 01s | $41.7M | $15.6M | 10x |
| Short | Coinbase International ADA-PERP-INTX | 0.2439 | 0.0136 | get 0.0017% / 1h | 9m 01s | $424K | $6.7M | 50x |
Hyperliquid ADA
Coinbase International ADA-PERP-INTXPrice 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
- $2.87
- Funding while held
- $1.08
- Slippage, 4 orders
- −$16.52
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Coinbase International: 5 bp × 2 orders
- −$10
- Net
- −$31.57
- Spread needed to break even
- 0.355%
Slippage from Hyperliquid: live order book, 6 min ago; Coinbase International: live order book, 1 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0036%
- Per $10,000 a day
- +$1.08
- 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 Hyperliquid live order book, 6 min ago | 0.83 bp | 7.2 bp −$7 | 11.0 bp −$110 | doesn't fit | doesn't fit |
| Sell Coinbase International live order book, 1 min ago | 2.06 bp | 10.9 bp −$11 | 19.5 bp −$195 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.edgeX0.2421cheapestInjective0.2424+0.127%Variational Omni0.2427+0.250%Phoenix0.2429+0.354%ApeX Omni0.2430+0.375%Derive0.2434+0.552%dYdX0.2436+0.603%Extended0.2436+0.614%Gate0.2436+0.623%BloFin0.2436+0.623%Pacifica0.2437+0.656%Bybit0.2437+0.664%MEXC0.2437+0.664%Bitget0.2437+0.664%BingX0.2437+0.664%Orderly0.2437+0.664%Phemex0.2437+0.664%Kraken Futures0.2437+0.664%gTrade (Gains Network)0.2437+0.677%GMX0.2437+0.678%KuCoin0.2437+0.684%SoDEX0.2437+0.684%Backpack0.2438+0.689%Binance0.2438+0.705%OKX0.2438+0.705%Paradex0.2438+0.717%
Injective
Variational Omni
Phoenix
ApeX Omni
Derive
dYdX
Extended
Gate
BloFin
Pacifica
Bybit
MEXC
Bitget
BingX
Orderly
Phemex
Kraken Futures
gTrade (Gains Network)
GMX
KuCoin
SoDEX
Backpack
Binance
OKX
ParadexHyperliquid0.2438+0.718%
Lighter0.2438+0.722%Deribit0.2438+0.722%Reya0.2438+0.724%Aster0.2439+0.733%HTX0.2439+0.737%SunX0.2439+0.745%Kalshi0.2439+0.746%
Lighter
Deribit
Reya
Aster
HTX
SunXCoinbase International0.2439+0.746%
Polymarket Perps0.2439+0.763%
Polymarket PerpsADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| edgeX ADAUSDC | −0.712% | +0.0100% | 4h | $64K | $352K | 20x | as long as short |
| Injective ADA/USDC PERP | −0.586% | +0.0033% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.464% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Phoenix ADA | −0.361% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| ApeX Omni ADAUSDT | −0.340% | +0.0100% | 1h | $95K | $344K | 50x | as long as short |
| Derive ADA-PERP | −0.165% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| dYdX ADA-USD | −0.113% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| Extended ADA-USD | −0.103% | +0.0104% | 1h | $634K | $1.5M | 50x | as long as short |
| Gate ADA_USDT | −0.094% | +0.0073% | 8h | $93.7M | $57.1M | 75x | as long as short |
| BloFin ADA-USDT | −0.094% | +0.0220% | 8h | $4.5M | $6.0M | 75x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Pacifica ADA | −0.061% | +0.0100% | 1h | $159K | $174K | 10x | as long as short |
| Bybit ADAUSDT | −0.053% | +0.0100% | 8h | $70.2M | $109.0M | 75x | as long as short |
| MEXC ADA_USDT | −0.053% | +0.0100% | 8h | $52.6M | $62.1M | 300x | as long as short |
| Bitget ADAUSDT | −0.053% | +0.0100% | 8h | $63.8M | $45.9M | 75x | as long as short |
| BingX ADA-USDC | −0.053% | +0.0100% | 8h | — | $6.6M | — | as long as short |
| Orderly PERP_ADA_USDC | −0.053% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Phemex ADAUSDT | −0.053% | +0.0100% | 8h | $47.7M | $5.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | −0.053% | −0.0069% | 1h | $5.9M | $11.2M | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | −0.041% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.039% | L +0.0542% / S −0.0293% | 1h | $116K | — | 100x | as long as short |
| KuCoin ADAUSDTM | −0.033% | +0.0100% | 8h | $30.1M | $20.8M | 75x | as long as short |
| SoDEX ADA-USD | −0.033% | +0.0100% | 1h | $504 | $13K | 10x | as long as short |
| Backpack ADA_USDC_PERP | −0.029% | +0.0100% | 1h | $105K | $415K | 15x | as long as short |
| Binance ADAUSDT | −0.012% | +0.0100% | 8h | $101.6M | $349.8M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.012% | +0.0100% | 8h | $32.3M | $104.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | 0.000% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Hyperliquid ADAlong | 0.000% | +0.0100% | 1h | $41.7M | $15.6M | 10x | |
| Lighter ADA | +0.004% | +0.0096% | 1h | $2.3M | $1.0M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.004% | +0.0283% | 1h | $463K | $394K | 50x | as long as short |
| Reya ADARUSDPERP | +0.006% | +0.0296% | 1h | $1K | — | 15x | as long as short |
| Aster ADAUSDT | +0.015% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| HTX ADA-USDT | +0.019% | +0.0100% | 8h | $1.3M | $4.7M | 75x | as long as short |
| SunX ADA-USDT | +0.027% | +0.0100% | 8h | $9K | $774K | 30x | as long as short |
| Kalshi KXADAPERP | +0.029% | 0.0000% | 8h | $135K | $5.5M | 3.2x | as long as short |
| Coinbase International ADA-PERP-INTXshort | +0.029% | +0.0136% | 1h | $424K | $6.7M | 50x | |
| Polymarket Perps ADA-USD | +0.045% | +0.0100% | 1h | $93K | $721K | 10x | as long as short |