Funding you earn now, next payment 01:00 UTC−0.0124%/8h= −13.6% APRpaid last 24h −0.037%
Price spread now: Lighter against BloFin+0.184%60s7-day average −0.025% · you sell dearer than you buy
Net, funding: paid 7d − costs−$63as 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−$280.275% of the position
Funding, last 7 days−0.353%−$35 on $10k
+Price spread, last 3 days (all we have)−0.332%−$33 · spread now +0.184%, 7d avg −0.025%
=Together, before fees−0.685%+ Points / potential airdropLighter: Season 3 · farm board−$69 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Lighter is 0.209% dearer against BloFin than usual: you sell high and buy low (spread +0.184% now, against its 7-day average of −0.025%): +$21 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 5.6 days. The two prices were read 60 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 | BloFin ADA-USDT | 0.2452 | 0.0220 | pay 0.0220% / 8h | 7h 39m | $4.4M | $5.5M | 75x |
| Short | Lighter ADA | 0.2457 | 0.0096 | get 0.0012% / 1h | 39m 57s | $2.4M | $1.1M | 10x |
BloFin ADA-USDT
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against BloFin. 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
- −$26.04
- Price spread: +0.184% → −0.025%
- $20.86
- Slippage, 4 orders
- −$15.54
- Fee BloFin: 6 bp × 2 orders
- −$12
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$32.71
- Costs to cover
- 0.275%
- Break-even
- never at this rate
Slippage from BloFin: live order book, 4 min ago; Lighter: live order book, 2 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 BloFin live order book, 4 min ago | 2.04 bp | 8.0 bp −$8 | 8.6 bp −$86 | 22.7 bp −$2,272 | 58.2 bp −$29.1K |
| Sell Lighter live order book, 2 min ago | 3.06 bp | 5.6 bp −$6 | 15.7 bp −$157 | 46.9 bp −$4,687 | 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 | 0.2449 | −0.108% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2453 | +0.041% | $195K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2454 | +0.062% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.775% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2449 | −0.122% | $412K | $7.2M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2455 | +0.112% | $6.2M | $11.6M | 50x | as long as short |
| Lighter ADAshort | +0.0096% | 1h | 0.2457 | +0.184% | $2.4M | $1.1M | 10x | |
| Phoenix ADA | +0.0098% | 1h | 0.2450 | −0.073% | $4K | $84K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2457 | +0.212% | $42.7M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2454 | +0.090% | $1.2M | $944K | 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
Phoenix ADA
Hyperliquid ADA
Aster ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ADA | +0.0100% | 1h | 0.2451 | −0.060% | $157K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2455 | +0.115% | $101.6M | $364.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2454 | +0.082% | $71.9M | $103.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2455 | +0.122% | $32.4M | $106.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2454 | +0.082% | $97.8M | $58.4M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2454 | +0.082% | $52.7M | $51.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2455 | +0.110% | $30.1M | $17.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | +0.082% | $66.0M | $43.8M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2455 | +0.122% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2456 | +0.171% | $111K | $411K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2451 | −0.036% | $4.2M | $944K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2450 | −0.077% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2451 | −0.040% | $296K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2446 | −0.245% | $55K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2454 | +0.069% | $93K | $644K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | +0.082% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2455 | +0.116% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2455 | +0.122% | $9K | $764K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2455 | +0.102% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2453 | +0.027% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2454 | +0.082% | $47.9M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2453 | +0.050% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | +0.041% | $552K | $1.8M | 50x | as long as short |
| BloFin ADA-USDTlong | +0.0220% | 8h | 0.2452 | long leg | $4.4M | $5.5M | 75x | |
| Deribit ADA_USDC-PERPETUAL | +0.0239% | 1h | 0.2455 | +0.139% | $492K | $434K | 50x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2454 | +0.083% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0624% / S −0.0393% | 1h | 0.2454 | +0.083% | $141K | — | 100x | as long as short |
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
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
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]