Funding you earn now, next payment 00:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h −0.001%
Price spread now: Lighter against BingX+0.078%7-day average −0.026% · you sell dearer than you buy
Net, funding: paid 7d − costs−$51as in the Funding arb table
Net, price: spread back to 7d avg − costs−$26as in the Price arb table
costs, in and out, $10k−$360.360% of the position
Funding, last 7 days−0.146%−$15 on $10k
+Price spread, last 7 days−0.104%−$10 · spread now +0.078%, 7d avg −0.026%
=Together, before fees−0.250%+ Points / potential airdropLighter: Season 3 · farm board−$25 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 0.104% dearer against BingX than usual: you sell high and buy low, +$10 on $10k if it goes back to its 7-day average of −0.026%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | BingX ADA-USDC | 0.2445 | 0.0100 | pay 0.0100% / 8h | 9m 32s | — | $6.6M | — |
| Short | Lighter ADA | 0.2447 | 0.0096 | get 0.0012% / 1h | 9m 32s | $2.4M | $1.3M | 10x |
BingX ADA-USDC
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BingX. 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: +0.078% → −0.026%
- $10.36
- Slippage, 4 orders
- −$26.04
- Fee BingX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$26.52
- Costs to cover
- 0.360%
- Break-even
- never at this rate
Slippage from BingX: live order book, 2 min ago; Lighter: live order book, 7 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 BingX live order book, 2 min ago | 4.09 bp | 16.8 bp −$17 | 28.6 bp −$286 | 84.8 bp −$8,478 | 625.2 bp −$312.6K |
| Sell Lighter live order book, 7 min ago | 0.41 bp | 7.2 bp −$7 | 18.2 bp −$182 | 52.6 bp −$5,262 | 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 | 0.2445 | −0.014% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2443 | −0.082% | $213K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2445 | −0.017% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2441 | −0.164% | $404K | $7.3M | 50x | as long as short |
| Lighter ADAshort | +0.0096% | 1h | 0.2447 | +0.078% | $2.4M | $1.3M | 10x | |
| Hyperliquid ADA | +0.0100% | 1h | 0.2447 | +0.098% | $42.4M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2444 | −0.031% | $1.2M | $930K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2446 | +0.022% | $157K | $146K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2445 | −0.008% | $101.1M | $366.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2445 | 0.000% | $71.1M | $104.1M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Hyperliquid 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 | 0.2446 | +0.041% | $32.3M | $107.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2444 | −0.041% | $97.5M | $60.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2444 | −0.041% | $52.3M | $51.1M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2445 | −0.016% | $29.9M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2446 | +0.041% | $65.8M | $43.7M | 75x | as long as short |
| BingX ADA-USDClong | +0.0100% | 8h | 0.2445 | long leg | — | $6.6M | — | |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2446 | +0.033% | $106K | $418K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2439 | −0.239% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2441 | −0.153% | $65K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2439 | −0.251% | $290K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2441 | −0.164% | $55K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2446 | +0.033% | $94K | $641K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2445 | 0.000% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2445 | +0.002% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2446 | +0.042% | $9K | $767K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2445 | 0.000% | $336 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2445 | +0.009% | $1.3M | $5.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2444 | −0.041% | $47.7M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2445 | −0.013% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2444 | −0.060% | $551K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0114% | 1h | 0.2445 | −0.006% | $6.1M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2442 | −0.102% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2441 | −0.164% | $4.3M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +1.063% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2446 | +0.023% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0564% / S −0.0313% | 1h | 0.2444 | −0.042% | $121K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4745% | 1h | 0.2506 | +2.479% | $503K | $430K | 50x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
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
Injective ADA/USDC PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL