Funding you earn now, next payment 00:00 UTC−0.0154%/8h= −16.9% APRnext payment −$0.19 per $10,000 · paid last 24h +0.015%
Price spread now: Hyperliquid against Injective−0.130%53s7-day average +0.342% · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 7 days−0.101%−$10 on $10k
+Price spread, last 3 days (all we have)+0.852%+$85 · spread now −0.130%, 7d avg +0.342%
=Together, before fees+0.751%+ Points / potential airdropHyperliquid: Season 2 · farm board+$75 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$5 a day on $10k at the current rate, and Hyperliquid is 0.471% cheaper against Injective than usual: you would sell low and buy high (−$47 if the spread goes back to its 7-day average of +0.342%). Swap the legs. The two prices were read 53 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Injective ADA/USDC PERP | 0.2471 | 0.0254 | pay 0.0032% / 1h | 56m 16s | $849 | $202K | 12x |
| Short | Hyperliquid ADA | 0.2468 | 0.0100 | get 0.0013% / 1h | 56m 16s | $42.7M | $14.3M | 10x |
Injective ADA/USDC PERP
Hyperliquid ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Injective. 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
- −$32.35
- Price spread: −0.130% → +0.342%
- −$47.14
- Slippage, 4 orders
- no order book: not counted
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$88.51
- Costs to cover
- 0.090%
- Break-even
- never at this rate
Slippage unknown: Injective: no order-book sample; Hyperliquid: live order book, 7 min ago. 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 Injective no order-book sample | — | — | — | — | — |
| Sell Hyperliquid live order book, 7 min ago | 0.61 bp | 6.3 bp −$6 | 10.2 bp −$102 | doesn't fit | doesn't fit |
Injective: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2465 | −0.258% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2466 | −0.202% | $155K | $6.0M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2468 | −0.138% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2464 | −0.283% | $414K | $7.4M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2470 | −0.057% | $2.5M | $1.3M | 10x | as long as short |
| Hyperliquid ADAshort | +0.0100% | 1h | 0.2468 | −0.130% | $42.7M | $14.3M | 10x | |
| Aster ADAUSDT | +0.0100% | 8h | 0.2468 | −0.133% | $1.2M | $925K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2466 | −0.217% | $158K | $146K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2469 | −0.081% | $102.6M | $360.7M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2468 | −0.121% | $71.9M | $102.5M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Lighter ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2469 | −0.081% | $32.2M | $106.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2467 | −0.162% | $97.5M | $59.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2467 | −0.162% | $52.6M | $50.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2468 | −0.121% | $30.3M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2468 | −0.121% | $66.2M | $43.4M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2469 | −0.081% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2469 | −0.065% | $109K | $418K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2459 | −0.479% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2462 | −0.361% | $66K | $279K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2459 | −0.466% | $288K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2461 | −0.405% | $55K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2467 | −0.170% | $96K | $626K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2468 | −0.121% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2469 | −0.083% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2467 | −0.162% | $9K | $760K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2468 | −0.121% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2469 | −0.064% | $1.3M | $5.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2468 | −0.121% | $48.2M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2466 | −0.203% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2468 | −0.120% | $557K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0113% | 1h | 0.2469 | −0.076% | $6.2M | $11.6M | 50x | as long as short |
| Phoenix ADA | +0.0131% | 1h | 0.2465 | −0.259% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2466 | −0.202% | $4.4M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERPlong | +0.0254% | 1h | 0.2471 | long leg | $849 | $202K | 12x | |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2467 | −0.159% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0479% | 1h | 0.2469 | −0.069% | $487K | $400K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0567% / S −0.0313% | 1h | 0.2467 | −0.146% | $122K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Kraken Futures PF_ADAUSD
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]