Spread before costs (cost unknown: a leg has no order-book sample)−0.002%
7d average—if it closes, per $10,000$0funding while held, a day−$2.91
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ADA | 0.2430 | 0.0100 | pay 0.0013% / 1h | 36m 51s | $42.4M | $13.5M | 10x |
| Short | gTrade (Gains Network) ADA/USD | 0.2430 | L +0.0005% / S −0.0003% | get 0.0000% / 1h | 36m 51s | $83K | — | 150x |
Hyperliquid ADA
gTrade (Gains Network) ADA/USDPrice 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
- −$0.21
- Funding while held
- −$2.91
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$22.11
- Spread needed to break even
- 0.190%
Slippage unknown: Hyperliquid: live order book, 8 min ago; gTrade (Gains Network): no order-book sample. Net counts fees only.
Cost of waiting
funding view- Funding /8h
- −0.0097%
- Per $10,000 a day
- −$2.91
- 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, 8 min ago | 0.62 bp | 6.2 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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.Injective0.2424cheapestApeX Omni0.2427+0.124%Variational Omni0.2428+0.150%Extended0.2428+0.164%Bybit0.2428+0.165%Gate0.2428+0.165%MEXC0.2428+0.165%Bitget0.2428+0.165%BingX0.2428+0.165%Phoenix0.2428+0.165%Binance0.2429+0.203%edgeX0.2429+0.206%OKX0.2429+0.206%KuCoin0.2429+0.210%GMX0.2430+0.232%dYdX0.2430+0.248%
Injective
ApeX Omni
Variational Omni
Extended
Bybit
Gate
MEXC
Bitget
BingX
Phoenix
Binance
OKX
KuCoin
GMX
dYdXgTrade (Gains Network)0.2430+0.254%
Hyperliquid0.2430+0.256%
Derive0.2430+0.266%SoDEX0.2430+0.268%Orderly0.2431+0.289%Coinbase International0.2431+0.289%Phemex0.2431+0.289%Reya0.2431+0.291%HTX0.2431+0.291%Pacifica0.2431+0.295%Deribit0.2431+0.305%Paradex0.2431+0.306%Aster0.2432+0.315%Backpack0.2432+0.322%Kalshi0.2432+0.330%Polymarket Perps0.2432+0.330%BloFin0.2432+0.330%Kraken Futures0.2433+0.351%Lighter0.2433+0.375%SunX0.2435+0.452%
Derive
SoDEX
Orderly
Coinbase International
Phemex
Reya
HTX
Pacifica
Deribit
Paradex
Aster
Backpack
Polymarket Perps
BloFin
Kraken Futures
Lighter
SunXADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.255% | +0.0033% | 1h | $832 | $103K | 12x | as long as short |
| ApeX Omni ADAUSDT | −0.132% | +0.0100% | 1h | $227K | $453K | 50x | as long as short |
| Variational Omni ADA | −0.106% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Extended ADA-USD | −0.091% | +0.0104% | 1h | $609K | $1.7M | 50x | as long as short |
| Bybit ADAUSDT | −0.091% | +0.0100% | 8h | $70.9M | $101.2M | 75x | as long as short |
| Gate ADA_USDT | −0.091% | +0.0100% | 8h | $94.3M | $54.6M | 75x | as long as short |
| MEXC ADA_USDT | −0.091% | +0.0100% | 8h | $51.4M | $59.7M | 300x | as long as short |
| Bitget ADAUSDT | −0.091% | +0.0100% | 8h | $64.1M | $43.6M | 75x | as long as short |
| BingX ADA-USDC | −0.091% | +0.0100% | 8h | — | $6.5M | — | as long as short |
| Phoenix ADA | −0.091% | +0.0164% | 1h | $4K | $94K | 10x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | −0.053% | +0.0100% | 8h | $101.1M | $343.8M | 75x | as long as short |
| edgeX ADAUSDC | −0.050% | +0.0100% | 4h | $64K | $278K | 20x | as long as short |
| OKX ADA-USDT-SWAP | −0.049% | +0.0100% | 8h | $32.1M | $103.0M | 50x | as long as short |
| KuCoin ADAUSDTM | −0.045% | +0.0100% | 8h | $29.9M | $17.9M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.023% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| dYdX ADA-USD | −0.008% | +0.0089% | 1h | $201K | $2K | 10x | as long as short |
| gTrade (Gains Network) ADA/USDshort | −0.002% | L +0.0005% / S −0.0003% | 1h | $83K | — | 150x | |
| Hyperliquid ADAlong | 0.000% | +0.0100% | 1h | $42.4M | $13.5M | 10x | |
| Derive ADA-PERP | +0.010% | +0.0100% | 1h | $39K | $3K | 5x | as long as short |
| SoDEX ADA-USD | +0.012% | +0.0100% | 1h | $334 | $13K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.033% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.033% | +0.0080% | 1h | $472K | $6.8M | 50x | as long as short |
| Phemex ADAUSDT | +0.033% | +0.0100% | 8h | $47.4M | $5.7M | 50x | as long as short |
| Reya ADARUSDPERP | +0.035% | +0.0292% | 1h | $1K | — | 15x | as long as short |
| HTX ADA-USDT | +0.035% | +0.0100% | 8h | $1.3M | $4.6M | 75x | as long as short |
| Pacifica ADA | +0.039% | +0.0100% | 1h | $156K | $162K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.049% | +0.0408% | 1h | $474K | $388K | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.050% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Aster ADAUSDT | +0.059% | +0.0100% | 8h | $1.1M | $1.1M | 75x | as long as short |
| Backpack ADA_USDC_PERP | +0.066% | +0.0100% | 1h | $103K | $416K | 15x | as long as short |
| Kalshi KXADAPERP | +0.074% | 0.0000% | 8h | $91K | $5.7M | 3.2x | as long as short |
| Polymarket Perps ADA-USD | +0.074% | +0.0100% | 1h | $92K | $730K | 10x | as long as short |
| BloFin ADA-USDT | +0.074% | +0.0220% | 8h | $4.5M | $6.4M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.095% | +0.0354% | 1h | $6.1M | $10.8M | 50x | as long as short |
| Lighter ADA | +0.119% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| SunX ADA-USDT | +0.196% | +0.0100% | 8h | $9K | $757K | 30x | as long as short |