After costs, if the gap returns to its 7d average, $10k−$21
spread now+0.172%7d average−0.014%fees + slippage, in and out−$39spread needed0.392%
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Kraken Futures PF_ADAUSD | 0.2451 | 0.0222 | pay 0.0028% / 1h | 12m 24s | $5.9M | $11.3M | 50x |
| Short | Hyperliquid ADA | 0.2455 | 0.0100 | get 0.0013% / 1h | 12m 24s | $42.2M | $16.4M | 10x |
Kraken Futures PF_ADAUSD
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
- $17.21
- Funding while held
- −$3.66
- Slippage, 4 orders
- −$20.18
- Fee Kraken Futures: 5 bp × 2 orders
- −$10
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- −$25.63
- Spread needed to break even
- 0.392%
Slippage from Kraken Futures: live order book, 3 min ago; Hyperliquid: live order book, 12 min ago.
Cost of waiting
funding view- Funding /8h
- −0.0122%
- Per $10,000 a day
- −$3.66
- 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 Kraken Futures live order book, 3 min ago | 2.24 bp | 14.6 bp −$15 | 19.1 bp −$191 | 66.5 bp −$6,654 | doesn't fit |
| Sell Hyperliquid live order book, 12 min ago | 0.62 bp | 7.8 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
ADA price on every exchange
against the cheapest. Click to use as the short leg.Injective0.2424cheapestVariational Omni0.2443+0.796%ApeX Omni0.2449+1.031%Kalshi0.2449+1.031%edgeX0.2449+1.037%Orderly0.2450+1.073%SoDEX0.2450+1.073%Phemex0.2450+1.073%GMX0.2451+1.096%Backpack0.2451+1.097%Deribit0.2451+1.101%
Injective
Variational Omni
ApeX Omni
Orderly
SoDEX
Phemex
GMX
Backpack
DeribitKraken Futures0.2451+1.105%
Derive0.2451+1.109%SunX0.2451+1.113%HTX0.2451+1.113%Coinbase International0.2451+1.114%BloFin0.2451+1.114%Aster0.2452+1.148%Gate0.2452+1.155%dYdX0.2452+1.166%Extended0.2452+1.170%Phoenix0.2453+1.180%Bybit0.2453+1.196%OKX0.2453+1.196%MEXC0.2453+1.196%Bitget0.2453+1.196%BingX0.2453+1.196%Pacifica0.2453+1.199%Reya0.2453+1.209%gTrade (Gains Network)0.2453+1.210%KuCoin0.2453+1.213%Paradex0.2453+1.214%Polymarket Perps0.2454+1.229%Lighter0.2454+1.238%Binance0.2454+1.238%
Derive
SunX
HTX
Coinbase International
BloFin
Aster
Gate
dYdX
Extended
Phoenix
Bybit
OKX
MEXC
Bitget
BingX
Pacifica
Reya
gTrade (Gains Network)
KuCoin
Paradex
Polymarket Perps
Lighter
BinanceHyperliquid0.2455+1.279%
ADA on 36 venues
cheapest first. Swap a leg.| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Injective ADA/USDC PERP | −1.093% | +0.0558% | 1h | $832 | $124K | 12x | as long as short |
| Variational Omni ADA | −0.306% | +0.0100% | 8h | $4.2M | $1.0M | — | as long as short |
| ApeX Omni ADAUSDT | −0.073% | +0.0100% | 1h | $229K | $450K | 50x | as long as short |
| Kalshi KXADAPERP | −0.073% | 0.0000% | 8h | $110K | $5.8M | 3.2x | as long as short |
| edgeX ADAUSDC | −0.067% | +0.0100% | 4h | $65K | $278K | 20x | as long as short |
| Orderly PERP_ADA_USDC | −0.032% | +0.0100% | 8h | $6K | $36K | 20x | as long as short |
| SoDEX ADA-USD | −0.032% | +0.0100% | 1h | $337 | $13K | 10x | as long as short |
| Phemex ADAUSDT | −0.032% | +0.0100% | 8h | $47.9M | $5.8M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | −0.009% | L +0.0534% / S −0.0286% | 1h | $115K | — | 100x | as long as short |
| Backpack ADA_USDC_PERP | −0.007% | +0.0100% | 1h | $103K | $430K | 15x | as long as short |
Show all 36 venues
| Exchange | vs long leg | Funding /8h | Every | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|
| Deribit ADA_USDC-PERPETUAL | −0.003% | +0.0036% | 1h | $470K | $422K | 50x | as long as short |
| Kraken Futures PF_ADAUSDlong | 0.000% | +0.0222% | 1h | $5.9M | $11.3M | 50x | |
| Derive ADA-PERP | +0.004% | +0.0100% | 1h | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.008% | +0.0100% | 8h | $9K | $807K | 30x | as long as short |
| HTX ADA-USDT | +0.008% | +0.0100% | 8h | $1.3M | $5.2M | 75x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.009% | +0.0120% | 1h | $444K | $6.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.009% | +0.0220% | 8h | $4.5M | $6.3M | 75x | as long as short |
| Aster ADAUSDT | +0.042% | +0.0100% | 8h | $1.1M | $1.4M | 75x | as long as short |
| Gate ADA_USDT | +0.050% | +0.0066% | 8h | $95.6M | $59.8M | 75x | as long as short |
| dYdX ADA-USD | +0.061% | +0.0078% | 1h | $203K | $2K | 10x | as long as short |
| Extended ADA-USD | +0.064% | +0.0104% | 1h | $608K | $1.7M | 50x | as long as short |
| Phoenix ADA | +0.074% | +0.0066% | 1h | $4K | $103K | 10x | as long as short |
| Bybit ADAUSDT | +0.090% | +0.0100% | 8h | $71.5M | $112.2M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.090% | +0.0100% | 8h | $32.1M | $108.7M | 50x | as long as short |
| MEXC ADA_USDT | +0.090% | +0.0100% | 8h | $52.2M | $64.1M | 300x | as long as short |
| Bitget ADAUSDT | +0.090% | +0.0100% | 8h | $64.7M | $46.8M | 75x | as long as short |
| BingX ADA-USDT | +0.090% | +0.0100% | 8h | — | $18.5M | — | as long as short |
| Pacifica ADA | +0.093% | +0.0100% | 1h | $161K | $181K | 10x | as long as short |
| Reya ADARUSDPERP | +0.103% | +0.0294% | 1h | $1K | — | 15x | as long as short |
| gTrade (Gains Network) ADA/USD | +0.104% | L +0.0005% / S −0.0003% | 1h | $89K | — | 150x | as long as short |
| KuCoin ADAUSDTM | +0.107% | +0.0100% | 8h | $30.3M | $21.1M | 75x | as long as short |
| Paradex ADA-USD-PERP | +0.108% | +0.0100% | 8h | $21K | $250 | 20x | as long as short |
| Polymarket Perps ADA-USD | +0.123% | +0.0100% | 1h | $94K | $734K | 10x | as long as short |
| Lighter ADA | +0.131% | +0.0096% | 1h | $2.3M | $1.1M | 10x | as long as short |
| Binance ADAUSDT | +0.131% | +0.0100% | 8h | $101.8M | $366.0M | 75x | as long as short |
| Hyperliquid ADAshort | +0.172% | +0.0100% | 1h | $42.2M | $16.4M | 10x |