Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0076%/8h= +8.3% APRpaid last 24h +0.004%

Price spread now: Lighter against Gate+0.033%7-day average +0.006% · you sell dearer than you buy

Net, funding: paid 7d − costs−$52as in the Funding arb table

Net, price: spread back to 7d avg − costs−$38as in the Price arb table

costs, in and out, $10k−$400.404% of the position

Long on Gate Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.118%−$12 on $10k

Price spread, last 7 days−0.117%−$12 · spread now +0.033%, 7d avg +0.006%

Together, before fees−0.235%+ Points / potential airdropLighter: Season 3 · farm board−$23 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$2 a day on $10k at the current rate, and Lighter is 0.027% dearer against Gate than usual: you sell high and buy low: +$3 more if the spread goes back to its 7-day average of +0.006%. Mind the row above: over the last 7 days funding on this pair cost −0.118%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Gate ADA_USDT	0.2459	0.0100	pay 0.0100% / 8h	5h 44m	$98.3M	$58.6M	75x
Short	Lighter ADA	0.2460	0.0176	get 0.0022% / 1h	44m 50s	$2.4M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Gate. 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 GatebpFee LighterbpOrdersPrice spread, now +0.033%Rate

Funding earned: $15.96
Price spread: +0.033% → +0.006%: $2.68
Slippage, 4 orders: −$25.36
Fee Gate: 7.5 bp × 2 orders: −$15
Fee Lighter: 0 bp × 2 orders: $0
Net: −$21.72
Costs to cover: 0.404%
Break-even: 16.5 days

Slippage from Gate: live order book, 4 min ago; Lighter: live order book, 12 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 Gate live order book, 4 min ago	2.04 bp	13.5 bp −$14	17.7 bp −$177	95.2 bp −$9,523	doesn't fit
Sell Lighter live order book, 12 min ago	2.64 bp	8.9 bp −$9	19.0 bp −$190	57.3 bp −$5,734	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	0.2458	−0.033%	$202K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2458	−0.027%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.488%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2456	−0.122%	$443K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2461	+0.065%	$42.9M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2463	+0.163%	$1.2M	$985K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2454	−0.209%	$157K	$159K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2459	−0.017%	$103.0M	$367.4M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2457	−0.081%	$72.6M	$107.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2460	+0.041%	$32.8M	$105.3M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDTlong	+0.0100%	8h	0.2459	long leg	$98.3M	$58.6M	75x
MEXC ADA_USDT	+0.0100%	8h	0.2459	0.000%	$60.0M	$55.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2464	+0.187%	$29.9M	$16.9M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2459	0.000%	$65.8M	$47.7M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2460	+0.041%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2461	+0.069%	$119K	$420K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	−0.119%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2454	−0.207%	$65K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2453	−0.263%	$287K	$3.7M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2452	−0.285%	$226K	$722K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2460	+0.028%	$94K	$674K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2459	0.000%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2460	+0.048%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2461	+0.079%	$8K	$745K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2460	+0.041%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	−0.024%	$1.3M	$6.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2459	0.000%	$47.8M	$6.3M	50x	as long as short
Kalshi KXADAPERP	+0.0103%	8h	0.2456	−0.122%	$161K	$6.2M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2463	+0.157%	$535K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0109%	8h	0.2458	−0.059%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	−0.110%	$4K	$90K	10x	as long as short
Lighter ADAshort	+0.0176%	1h	0.2460	+0.033%	$2.4M	$1.0M	10x
BloFin ADA-USDT	+0.0220%	8h	0.2462	+0.122%	—	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0261%	1h	0.2459	+0.019%	$6.2M	$12.2M	50x	as long as short
Reya ADARUSDPERP	+0.0280%	1h	0.2459	+0.020%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0416% / S −0.0202%	1h	0.2458	−0.033%	$95K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0523%	1h	0.2461	+0.073%	$540K	$456K	50x	as long as short