ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.003%

Price spread now: Lighter against Extended+0.058%7-day average +0.031% · you sell dearer than you buy

Net, funding: paid 7d − costs−$25as in the Funding arb table

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

costs, in and out, $10k−$180.179% of the position

Long on Extended Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.074%−$7 on $10k

Price spread, last 7 days−0.095%−$10 · spread now +0.058%, 7d avg +0.031%

Together, before fees−0.169%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$17 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 0.026% dearer against Extended than usual: you sell high and buy low, +$3 on $10k if it goes back to its 7-day average of +0.031%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Extended ADA-USD	0.2478	0.0104	pay 0.0013% / 1h	28m 32s	$536K	$1.8M	50x
Short	Lighter ADA	0.2479	0.0096	get 0.0012% / 1h	28m 32s	$2.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Extended. 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 ExtendedbpFee LighterbpOrdersPrice spread, now +0.058%Rate

Funding earned: −$1.68
Price spread: +0.058% → +0.031%: $2.64
Slippage, 4 orders: −$12.88
Fee Extended: 2.5 bp × 2 orders: −$5
Fee Lighter: 0 bp × 2 orders: $0
Net: −$16.92
Costs to cover: 0.179%
Break-even: never at this rate

Slippage from Extended: 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 Extended live order book, 5 min ago	2.03 bp	4.5 bp −$5	7.2 bp −$72	doesn't fit	doesn't fit
Sell Lighter live order book, 3 min ago	2.22 bp	3.9 bp −$4	16.0 bp −$160	50.1 bp −$5,011	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	0.2478	+0.008%	$204K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2483	+0.207%	$150K	$6.2M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2481	+0.145%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.277%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2481	+0.126%	$429K	$7.8M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0091%	1h	0.2482	+0.175%	$6.3M	$12.8M	50x	as long as short
Lighter ADAshort	+0.0096%	1h	0.2479	+0.058%	$2.4M	$1.1M	10x
Aster ADAUSDT	+0.0100%	8h	0.2478	+0.005%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2479	+0.030%	$161K	$160K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2479	+0.034%	$105.1M	$369.9M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2477	−0.035%	$72.2M	$108.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2479	+0.046%	$33.1M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2477	−0.035%	$99.0M	$59.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2479	+0.046%	$60.6M	$60.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2479	+0.034%	$30.0M	$15.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2478	+0.005%	$66.6M	$49.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2477	−0.035%	—	$20.1M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2479	+0.054%	$126K	$442K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2475	−0.113%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2477	−0.054%	$66K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2476	−0.066%	$295K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2466	−0.479%	$227K	$743K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2479	+0.034%	$95K	$688K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2483	+0.207%	$6K	$5K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2483	+0.215%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2484	+0.247%	$9K	$731K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2482	+0.187%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2482	+0.185%	$1.3M	$6.4M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2481	+0.126%	$48.4M	$6.6M	50x	as long as short
Extended ADA-USDlong	+0.0104%	1h	0.2478	long leg	$536K	$1.8M	50x
Paradex ADA-USD-PERP	+0.0109%	8h	0.2479	+0.062%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0190%	1h	0.2479	+0.042%	$43.0M	$14.8M	10x	as long as short
Phoenix ADA	+0.0195%	1h	0.2482	+0.147%	$4K	$100K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2485	+0.288%	$4.5M	$5.8M	75x	as long as short
Reya ADARUSDPERP	+0.0278%	1h	0.2479	+0.046%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0596%	1h	0.2484	+0.239%	$603K	$489K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0597% / S −0.0547%	1h	0.2481	+0.131%	$134K	—	100x	as long as short