Funding you earn now, next payment 07:00 UTC−0.0158%/8h= −17.3% APRpaid last 24h −0.011%
Price spread now: Paradex against Hyperliquid−0.115%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 days (all we have)—no history yet
+Price spread, last 7 days—no price history on both exchanges yet
=Together, before fees—+ Points / potential airdropHyperliquid: Season 2 · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Paradex is 0.115% cheaper against Hyperliquid than usual: you would sell low and buy high (−$12 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Hyperliquid ADA | 0.2438 | 0.0264 | pay 0.0033% / 1h | 34m 00s | $42.8M | $18.1M | 10x |
| Short | Paradex ADA-USD-PERP | 0.2435 | 0.0105 | get 0.0105% / 8h | 1h 34m | $20K | $250 | 20x |
Hyperliquid ADA
Paradex ADA-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex against Hyperliquid. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$33.26
- Price spread: −0.115% → 0.000%
- −$11.52
- Slippage, 4 orders
- no order book: not counted
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$57.79
- Costs to cover
- 0.130%
- Break-even
- never at this rate
Slippage unknown: Hyperliquid: live order book, 9 min ago; Paradex: no order-book sample. Net counts fees only.
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, 9 min ago | 0.82 bp | 5.9 bp −$6 | doesn't fit | doesn't fit | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 on 37 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2436 | −0.090% | $200K | $7.6M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2433 | −0.194% | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.345% | $849 | $202K | 12x | as long as short |
| dYdX ADA-USD | +0.0069% | 1h | 0.2435 | −0.112% | $200K | $2K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2433 | −0.213% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2436 | −0.079% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2436 | −0.103% | $156K | $178K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2437 | −0.050% | $102.5M | $409.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2435 | −0.131% | $72.1M | $124.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2436 | −0.090% | $32.4M | $117.7M | 50x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
dYdX ADA-USD
Orderly PERP_ADA_USDC
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2435 | −0.131% | $99.6M | $64.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2436 | −0.090% | $51.8M | $64.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2435 | −0.131% | $29.4M | $15.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2435 | −0.131% | $66.2M | $53.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2436 | −0.090% | — | $20.3M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2435 | −0.128% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2440 | +0.056% | $65K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2439 | +0.036% | $291K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2441 | +0.115% | $81K | $891K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2433 | −0.213% | $128K | $1.2M | 10x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2436 | −0.078% | $39K | $4K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2435 | −0.131% | $8K | $762K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2434 | −0.152% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2435 | −0.139% | $1.3M | $7.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2435 | −0.131% | $47.2M | $7.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2434 | −0.175% | $512K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERPshort | +0.0105% | 8h | 0.2435 | −0.115% | $20K | $250 | 20x | |
| Lighter ADA | +0.0112% | 1h | 0.2437 | −0.057% | $2.4M | $1.0M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0120% | 1h | 0.2439 | +0.033% | $381K | $8.6M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0138% | 1h | 0.2437 | −0.066% | $138K | $483K | 15x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2440 | +0.094% | $4K | $111K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0171% | 1h | 0.2435 | −0.144% | $6.3M | $13.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2438 | −0.008% | $4.4M | $5.8M | 75x | as long as short |
| Hyperliquid ADAlong | +0.0264% | 1h | 0.2438 | long leg | $42.8M | $18.1M | 10x | |
| Reya ADARUSDPERP | +0.0275% | 1h | 0.2434 | −0.192% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0531% | 1h | 0.2435 | −0.127% | $622K | $617K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0630% / S −0.0728% | 1h | 0.2435 | −0.133% | $163K | — | 100x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Lighter ADA
Coinbase International ADA-PERP-INTX
Backpack ADA_USDC_PERP
Phoenix ADA
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]