Funding you earn now, next payment 22:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against Binance−0.106%7-day average −0.033% · you buy dearer than you sell
Net, funding: paid 7d − costs−$38as in the Funding arb table
Net, price: spread back to 7d avg − costs−$35as in the Price arb table
costs, in and out, $10k−$280.277% of the position
Funding, last 7 days−0.102%−$10 on $10k
+Price spread, last 7 days+0.113%+$11 · spread now −0.106%, 7d avg −0.033%
=Together, before fees+0.011%+ Points / potential airdropLighter: Season 3 · farm board+$1 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.073% cheaper against Binance than usual: you would sell low and buy high, −$7 on $10k if it goes back to its 7-day average of −0.033%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Binance ADAUSDT | 0.2454 | 0.0100 | pay 0.0100% / 8h | 2h 53m | $101.2M | $355.9M | 75x |
| Short | Lighter ADA | 0.2451 | 0.0096 | get 0.0012% / 1h | 53m 37s | $2.4M | $1.3M | 10x |
Binance ADAUSDT
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Binance. 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
- −$0.84
- Price spread: −0.106% → −0.033%
- −$7.33
- Slippage, 4 orders
- −$17.69
- Fee Binance: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$35.86
- Costs to cover
- 0.277%
- Break-even
- never at this rate
Slippage from Binance: live order book, 5 min ago; Lighter: live order book, 3 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 Binance live order book, 5 min ago | 2.04 bp | 7.0 bp −$7 | 9.7 bp −$97 | 28.3 bp −$2,834 | 101.2 bp −$50.6K |
| Sell Lighter live order book, 3 min ago | 3.26 bp | 4.6 bp −$5 | 19.9 bp −$199 | 55.2 bp −$5,517 | 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 | 0.2450 | −0.163% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2451 | −0.122% | $153K | $5.8M | 3.2x | as long as short |
| Deribit ADA_USDC-PERPETUAL | 0.0000% | 1h | 0.2450 | −0.175% | $476K | $358K | 50x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2449 | −0.213% | $87K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2448 | −0.244% | $380K | $7.2M | 50x | as long as short |
| Lighter ADAshort | +0.0096% | 1h | 0.2451 | −0.106% | $2.4M | $1.3M | 10x | |
| Hyperliquid ADA | +0.0100% | 1h | 0.2451 | −0.110% | $42.4M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2451 | −0.125% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2450 | −0.165% | $157K | $148K | 10x | as long as short |
| Binance ADAUSDTlong | +0.0100% | 8h | 0.2454 | long leg | $101.2M | $355.9M | 75x |
dYdX ADA-USD
Kalshi KXADAPERP
Deribit ADA_USDC-PERPETUAL
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2453 | −0.041% | $70.8M | $100.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2454 | 0.000% | $32.3M | $105.5M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2450 | −0.163% | $97.1M | $57.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2454 | 0.000% | $52.9M | $56.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2450 | −0.175% | $30.6M | $18.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | 0.000% | $65.5M | $42.8M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2454 | 0.000% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2449 | −0.200% | $104K | $421K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2453 | −0.021% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2457 | +0.141% | $65K | $278K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2458 | +0.158% | $296K | $4.0M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2452 | −0.081% | $55K | $579K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2447 | −0.277% | $96K | $701K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2449 | −0.204% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2450 | −0.174% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2448 | −0.246% | $9K | $761K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2449 | −0.204% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2447 | −0.283% | $1.3M | $4.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2449 | −0.204% | $47.8M | $5.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2456 | +0.062% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2454 | +0.010% | $560K | $1.8M | 50x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2454 | −0.020% | $4K | $82K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2457 | +0.122% | $4.4M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0287% | 1h | 0.2447 | −0.267% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0337% | 1h | 0.2450 | −0.183% | $6.1M | $11.6M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0520% / S −0.0277% | 1h | 0.2449 | −0.185% | $113K | — | 100x | as long as short |
| Injective ADA/USDC PERP | +0.0533% | 1h | 0.2457 | +0.122% | $844 | $95K | 12x | 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
Paradex ADA-USD-PERP
Extended ADA-USD
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]
Injective ADA/USDC PERP