After costs, if the gap returns to its 7d average, $10k−$47
spread now−0.070%7d average+0.047%fees + slippage, in and out−$36spread needed0.357%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kalshi KXADAPERP | 0.2439 | 0 | get 0.0000% / 8h | 1h 41m | $123K | $5.8M | 3.2x |
| Short | Hyperliquid ADA | 0.2437 | 0.0100 | get 0.0013% / 1h | 41m 28s | $42.5M | $13.8M | 10x |
Hyperliquid ADAPrice 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
- −$7.01
- Funding while held
- $3
- Slippage, 4 orders
- −$16.65
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$39.67
- Spread needed to break even
- 0.357%
Slippage from Kalshi: live order book, 4 min ago; Hyperliquid: live order book, 3 min ago.
Cost of waiting
funding view- Funding /8h
- +0.0100%
- Per $10,000 a day
- +$3.00
- 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 Kalshi live order book, 4 min ago | 2.05 bp | 15.3 bp −$15 | 23.7 bp −$237 | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 3 min ago | 0.20 bp | 5.4 bp −$5 | 7.7 bp −$77 | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestBybit0.2434+0.413%OKX0.2434+0.413%Gate0.2434+0.413%GMX0.2435+0.434%Bitget0.2435+0.454%BingX0.2435+0.454%gTrade (Gains Network)0.2435+0.454%Orderly0.2435+0.454%Reya0.2436+0.475%Extended0.2436+0.475%Variational Omni0.2436+0.477%Polymarket Perps0.2436+0.491%Binance0.2436+0.495%MEXC0.2436+0.495%KuCoin0.2436+0.495%Aster0.2436+0.507%Pacifica0.2436+0.512%dYdX0.2436+0.514%Paradex0.2437+0.544%
Injective
Bybit
OKX
Gate
GMX
Bitget
BingX
gTrade (Gains Network)
Orderly
Reya
Extended
Variational Omni
Polymarket Perps
Binance
MEXC
KuCoin
Aster
Pacifica
dYdX
ParadexHyperliquid0.2437+0.548%
Lighter0.2437+0.553%Coinbase International0.2438+0.578%Phemex0.2438+0.578%HTX0.2438+0.597%SoDEX0.2439+0.598%Derive0.2439+0.614%Phoenix0.2439+0.615%SunX0.2439+0.616%Deribit0.2439+0.635%Backpack0.2440+0.648%Kraken Futures0.2440+0.652%ApeX Omni0.2440+0.660%edgeX0.2441+0.704%BloFin0.2442+0.743%
Lighter
Coinbase International
Phemex
HTX
SoDEX
Derive
Phoenix
SunX
Deribit
Backpack
Kraken Futures
ApeX Omni
BloFinADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −0.615% | +0.0033% | 1h | $832 | $66K | 12x | as long as short |
| Bybit ADAUSDT | −0.205% | +0.0100% | 8h | $70.0M | $99.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | −0.205% | +0.0100% | 8h | $32.1M | $103.2M | 50x | as long as short |
| Gate ADA_USDT | −0.205% | +0.0100% | 8h | $95.6M | $55.8M | 75x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.183% | L +0.0520% / S −0.0276% | 1h | $112K | — | 100x | as long as short |
| Bitget ADAUSDT | −0.164% | +0.0100% | 8h | $64.3M | $41.7M | 75x | as long as short |
| BingX ADA-USDT | −0.164% | +0.0100% | 8h | — | $18.9M | — | as long as short |
| gTrade (Gains Network) ADA/USD | −0.164% | L +0.0005% / S −0.0003% | 1h | $84K | — | 150x | as long as short |
| Orderly PERP_ADA_USDC | −0.164% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| Reya ADARUSDPERP | −0.143% | +0.0291% | 1h | $1K | — | 15x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Extended ADA-USD | −0.143% | +0.0104% | 1h | $604K | $1.7M | 50x | as long as short |
| Variational Omni ADA | −0.141% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| Polymarket Perps ADA-USD | −0.127% | +0.0100% | 1h | $91K | $727K | 10x | as long as short |
| Binance ADAUSDT | −0.123% | +0.0100% | 8h | $101.3M | $342.8M | 75x | as long as short |
| MEXC ADA_USDT | −0.123% | +0.0100% | 8h | $51.9M | $57.7M | 300x | as long as short |
| KuCoin ADAUSDTM | −0.123% | +0.0100% | 8h | $30.0M | $17.6M | 75x | as long as short |
| Aster ADAUSDT | −0.111% | +0.0100% | 8h | $1.1M | $1.0M | 75x | as long as short |
| Pacifica ADA | −0.107% | +0.0100% | 1h | $157K | $148K | 10x | as long as short |
| dYdX ADA-USD | −0.104% | 0.0000% | 1h | $202K | $2K | 10x | as long as short |
| Paradex ADA-USD-PERP | −0.074% | +0.0100% | 8h | $20K | $250 | 20x | as long as short |
| Hyperliquid ADAshort | −0.070% | +0.0100% | 1h | $42.5M | $13.8M | 10x | |
| Lighter ADA | −0.066% | +0.0096% | 1h | $2.4M | $1.2M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | −0.041% | +0.0072% | 1h | $473K | $6.8M | 50x | as long as short |
| Phemex ADAUSDT | −0.041% | +0.0100% | 8h | $47.5M | $5.1M | 50x | as long as short |
| HTX ADA-USDT | −0.022% | +0.0100% | 8h | $1.3M | $4.5M | 75x | as long as short |
| SoDEX ADA-USD | −0.021% | +0.0100% | 1h | $335 | $13K | 10x | as long as short |
| Derive ADA-PERP | −0.005% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| Phoenix ADA | −0.004% | +0.0166% | 1h | $4K | $89K | 10x | as long as short |
| SunX ADA-USDT | −0.002% | +0.0100% | 8h | $9K | $751K | 30x | as long as short |
| Kalshi KXADAPERPlong | 0.000% | 0.0000% | 8h | $123K | $5.8M | 3.2x | |
| Deribit ADA_USDC-PERPETUAL | +0.016% | +0.0324% | 1h | $476K | $377K | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.029% | +0.0100% | 1h | $102K | $412K | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.033% | +0.0261% | 1h | $6.1M | $10.7M | 50x | as long as short |
| ApeX Omni ADAUSDT | +0.041% | +0.0100% | 1h | $228K | $455K | 50x | as long as short |
| edgeX ADAUSDC | +0.085% | +0.0100% | 4h | $65K | $277K | 20x | as long as short |
| BloFin ADA-USDT | +0.123% | +0.0220% | 8h | $4.4M | $5.3M | 75x | as long as short |