ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.007%

Price spread now: Lighter against Coinbase International+0.213%7-day average +0.050% · you sell dearer than you buy

Net, funding: paid 7d − costs−$32as in the Funding arb table

Net, price: spread back to 7d avg − costs−$15as in the Price arb table

costs, in and out, $10k−$310.315% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.007%−$1 on $10k

Price spread, last 4 days (all we have)−0.283%−$28 · spread now +0.213%, 7d avg +0.050%

Together, before fees−0.290%+ Points / potential airdropLighter: Season 3 · farm board−$29 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 0.163% dearer against Coinbase International than usual: you sell high and buy low, +$16 on $10k if it goes back to its 7-day average of +0.050%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2442	0.0104	pay 0.0013% / 1h	39m 52s	$383K	$8.2M	50x
Short	Lighter ADA	0.2447	0.0096	get 0.0012% / 1h	39m 52s	$2.4M	$989K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee Coinbase InternationalbpFee LighterbpOrdersPrice spread, now +0.213%Rate

Funding earned: −$1.68
Price spread: +0.213% → +0.050%: $16.33
Slippage, 4 orders: −$21.49
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.84
Costs to cover: 0.315%
Break-even: never at this rate

Slippage from Coinbase International: live order book, 4 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 Coinbase International live order book, 4 min ago	6.08 bp	11.1 bp −$11	16.2 bp −$162	doesn't fit	doesn't fit
Sell Lighter live order book, 7 min ago	2.02 bp	4.2 bp −$4	15.4 bp −$154	48.6 bp −$4,862	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	0.2447	+0.225%	$201K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2448	+0.246%	$157K	$7.0M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2446	+0.183%	$84K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0020%	1h	0.2445	+0.140%	$6.3M	$13.3M	50x	as long as short
Phoenix ADA	+0.0032%	1h	0.2470	+1.143%	$4K	$105K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.188%	$849	$202K	12x	as long as short
Lighter ADAshort	+0.0096%	1h	0.2447	+0.213%	$2.4M	$989K	10x
Hyperliquid ADA	+0.0100%	1h	0.2447	+0.197%	$42.3M	$17.1M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2445	+0.127%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2448	+0.252%	$157K	$170K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Binance ADAUSDT	+0.0100%	8h	0.2445	+0.108%	$103.1M	$395.3M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2442	0.000%	$71.4M	$119.0M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2443	+0.041%	$32.7M	$112.2M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2443	+0.041%	$99.0M	$62.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2444	+0.082%	$58.2M	$63.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2445	+0.102%	$29.4M	$15.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2444	+0.082%	$66.4M	$52.1M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2444	+0.082%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2446	+0.172%	$117K	$469K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.577%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	+0.926%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2471	+1.188%	$289K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2465	+0.942%	$229K	$760K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2444	+0.094%	$127K	$705K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2446	+0.164%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2446	+0.166%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2446	+0.164%	$8K	$748K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2445	+0.143%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2444	+0.069%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2445	+0.123%	$47.6M	$7.0M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2449	+0.287%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2444	+0.077%	$531K	$1.8M	50x	as long as short
Coinbase International ADA-PERP-INTXlong	+0.0104%	1h	0.2442	long leg	$383K	$8.2M	50x
Deribit ADA_USDC-PERPETUAL	+0.0200%	1h	0.2447	+0.197%	$602K	$548K	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2459	+0.696%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0276%	1h	0.2445	+0.105%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0621% / S −0.0585%	1h	0.2445	+0.127%	$139K	—	100x	as long as short