Funding you earn now, next payment 04:00 UTC+0.0087%/8h= +9.5% APRnext payment +$0.11 per $10,000 · paid last 24h +0.007%
Price spread now: Hyperliquid against Pacifica+0.156%54s7-day average −0.002% · you sell dearer than you buy
Net, funding: paid 7d − costs−$50as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$310.308% of the position
Funding, last 7 days−0.188%−$19 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.156%, 7d avg −0.002%
=Together, before fees−0.328%+ Points / potential airdropPacifica: Active · Hyperliquid: Season 2 · farm board−$33 on $10k · with fees, hour by hour
Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Hyperliquid is 0.157% dearer against Pacifica than usual: you sell high and buy low: +$16 more if the spread goes back to its 7-day average of −0.002%. Mind the row above: over the last 7 days funding on this pair cost −0.188%, so the current rate has only just turned in your favour. The two prices were read 54 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 | Pacifica ADA | 0.2481 | 0.0100 | pay 0.0013% / 1h | 29m 45s | $161K | $162K | 10x |
| Short | Hyperliquid ADA | 0.2485 | 0.0187 | get 0.0023% / 1h | 29m 45s | $43.1M | $14.8M | 10x |
Pacifica ADA
Hyperliquid ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Hyperliquid against Pacifica. 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
- $18.19
- Price spread: +0.156% → −0.002%
- $15.73
- Slippage, 4 orders
- −$13.79
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Hyperliquid: 4.5 bp × 2 orders
- −$9
- Net
- $3.13
- Costs to cover
- 0.308%
- Break-even
- 5.8 days
Slippage from Pacifica: live order book, 28 min ago; Hyperliquid: live order book, 4 min ago.
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 Pacifica live order book, 28 min ago | 2.44 bp | 8.7 bp −$9 | doesn't fit | doesn't fit | doesn't fit |
| Sell Hyperliquid live order book, 4 min ago | 0.20 bp | 6.1 bp −$6 | 10.6 bp −$106 | doesn't fit | doesn't fit |
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 | 0.2480 | −0.056% | $204K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2481 | +0.002% | $150K | $6.2M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2478 | −0.104% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.401% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2480 | −0.038% | $429K | $7.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0091% | 1h | 0.2482 | +0.052% | $6.3M | $12.8M | 50x | as long as short |
| Lighter ADA | +0.0096% | 1h | 0.2484 | +0.131% | $2.5M | $1.1M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2485 | +0.164% | $1.2M | $985K | 75x | as long as short |
| Pacifica ADAlong | +0.0100% | 1h | 0.2481 | long leg | $161K | $162K | 10x | |
| Binance ADAUSDT | +0.0100% | 8h | 0.2484 | +0.123% | $105.2M | $370.2M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Lighter ADA
Aster ADAUSDT
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2482 | +0.043% | $72.4M | $108.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2484 | +0.123% | $33.2M | $106.0M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2482 | +0.043% | $99.1M | $59.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2483 | +0.083% | $61.6M | $60.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2485 | +0.172% | $30.0M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2483 | +0.083% | $66.8M | $49.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2483 | +0.083% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2485 | +0.172% | $126K | $442K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2475 | −0.237% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2456 | −1.003% | $65K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2456 | −0.986% | $289K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2466 | −0.602% | $227K | $743K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2480 | −0.054% | $95K | $688K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2481 | +0.002% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2482 | +0.050% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2481 | +0.002% | $8K | $732K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2482 | +0.063% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2483 | +0.099% | $1.3M | $6.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2483 | +0.083% | $48.4M | $6.6M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2483 | +0.098% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2483 | +0.082% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADAshort | +0.0187% | 1h | 0.2485 | +0.156% | $43.1M | $14.8M | 10x | |
| Phoenix ADA | +0.0195% | 1h | 0.2463 | −0.731% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2480 | −0.038% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2479 | −0.078% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0596% / S −0.0547% | 1h | 0.2479 | −0.084% | $134K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0717% | 1h | 0.2483 | +0.103% | $603K | $489K | 50x | as long as short |
Bybit ADAUSDT
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
Extended ADA-USD
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL