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

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 22:00 UTC0.0000%/8h= 0.0% APRnext payment +$0.00 per $10,000 · paid last 24h −0.006%
Price spread now: SoDEX against Hyperliquid−0.073%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno price history on both exchanges yet
Together, before fees+ Points / potential airdropHyperliquid: Season 2 · farm boardneeds both histories
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: SoDEX is 0.073% cheaper against Hyperliquid than usual: you would sell low and buy high, −$7 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongHyperliquid ADA0.24640.0100pay 0.0013% / 1h21m 41s$42.7M$14.5M10x
ShortSoDEX ADA-USD0.24620.0100get 0.0013% / 1h21m 41s$339$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX against Hyperliquid. 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: −0.073% → 0.000%
−$7.3
Slippage, 4 orders
no order book: not counted
Fee Hyperliquid: 4.5 bp × 2 orders
−$9
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$24.3
Costs to cover
0.170%
Break-even
never at this rate
Slippage unknown: Hyperliquid: live order book, 12 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Hyperliquid live order book, 12 min ago0.41 bp6.6 bp −$7doesn't fitdoesn't fitdoesn't fit
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2463−0.057%$203K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2458−0.256%$153K$5.8M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2462−0.096%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2460−0.174%$412K$7.3M50xas long as short
Lighter ADA+0.0096%1h0.2463−0.037%$2.4M$1.3M10xas long as short
Hyperliquid ADAlong+0.0100%1h0.2464long leg$42.7M$14.5M10x
Aster ADAUSDT+0.0100%8h0.2464−0.014%$1.2M$1.0M75xas long as short
Pacifica ADA+0.0100%1h0.2462−0.086%$157K$147K10xas long as short
Binance ADAUSDT+0.0100%8h0.2463−0.065%$101.7M$354.9M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2462−0.093%$70.8M$99.8M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2461−0.134%$32.0M$105.7M50xas long as short
Gate ADA_USDT+0.0100%8h0.2461−0.134%$97.4M$57.9M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2461−0.134%$52.8M$56.6M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2463−0.049%$30.4M$18.2M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2462−0.093%$65.9M$42.8M75xas long as short
BingX ADA-USDC+0.0100%8h0.2462−0.093%$6.5Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2464−0.020%$101K$409K15xas long as short
Variational Omni ADA+0.0100%8h0.2456−0.320%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2454−0.422%$65K$278K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2453−0.460%$289K$3.9M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2454−0.418%$55K$579K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2462−0.110%$98K$624K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2463−0.053%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2463−0.046%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2458−0.255%$9K$756K30xas long as short
SoDEX ADA-USDshort+0.0100%1h0.2462−0.073%$339$13K10x
HTX ADA-USDT+0.0100%8h0.2461−0.115%$1.3M$5.0M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2463−0.053%$48.1M$5.8M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2463−0.045%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2462−0.105%$559K$1.8M50xas long as short
Phoenix ADA+0.0195%1h0.2455−0.369%$4K$82K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2457−0.296%$4.4M$5.4M75xas long as short
Reya ADARUSDPERP+0.0286%1h0.2462−0.081%$1K15xas long as short
Kraken Futures PF_ADAUSD+0.0335%1h0.2463−0.061%$6.2M$11.4M50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0505% / S −0.0263%1h0.2462−0.082%$110K100xas long as short
Injective ADA/USDC PERP+0.0533%1h0.2440−0.986%$838$131K12xas long as short
Deribit ADA_USDC-PERPETUAL+0.0724%1h0.2465+0.049%$479K$353K50xas long as short