ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 05:00 UTC+0.0071%/8h= +7.7% APRnext payment +$0.09 per $10,000 · paid last 24h −0.017%

Price spread now: Lighter against Kraken Futures+0.072%7-day average +0.013% · 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−$33as in the Price arb table

costs, in and out, $10k−$390.387% of the position

Long on Kraken Futures Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.127%−$13 on $10k

Price spread, last 4 days (all we have)−0.326%−$33 · spread now +0.072%, 7d avg +0.013%

Together, before fees−0.453%+ Points / potential airdropLighter: Season 3 · farm board−$45 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 0.058% dearer against Kraken Futures than usual: you sell high and buy low: +$6 more if the spread goes back to its 7-day average of +0.013%. Mind the row above: over the last 7 days funding on this pair cost −0.127%, 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	Kraken Futures PF_ADAUSD	0.2506	0.0025	pay 0.0003% / 1h	30m 56s	$6.4M	$13.0M	50x
Short	Lighter ADA	0.2508	0.0096	get 0.0012% / 1h	30m 56s	$2.5M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Kraken Futures. 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 Kraken FuturesbpFee LighterbpOrdersPrice spread, now +0.072%Rate

Funding earned: $14.82
Price spread: +0.072% → +0.013%: $5.85
Slippage, 4 orders: −$28.73
Fee Kraken Futures: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$18.05
Costs to cover: 0.387%
Break-even: 15.5 days

Slippage from Kraken Futures: live order book, 3 min ago; Lighter: live order book, 6 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 Kraken Futures live order book, 3 min ago	4.20 bp	12.6 bp −$13	14.0 bp −$140	66.0 bp −$6,597	doesn't fit
Sell Lighter live order book, 6 min ago	2.59 bp	6.5 bp −$6	18.9 bp −$189	52.9 bp −$5,287	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	0.2501	−0.218%	$206K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2499	−0.287%	$149K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2505	−0.037%	$86K	—	150x	as long as short
Kraken Futures PF_ADAUSDlong	+0.0025%	1h	0.2506	long leg	$6.4M	$13.0M	50x
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−1.404%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0080%	1h	0.2506	−0.008%	$388K	$8.3M	50x	as long as short
Lighter ADAshort	+0.0096%	1h	0.2508	+0.072%	$2.5M	$1.1M	10x
Aster ADAUSDT	+0.0100%	8h	0.2508	+0.059%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2502	−0.164%	$161K	$170K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2510	+0.152%	$107.1M	$383.4M	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	0.2508	+0.072%	$75.6M	$113.4M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2509	+0.112%	$33.6M	$111.4M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2504	−0.088%	$102.4M	$61.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2509	+0.112%	$61.2M	$61.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2509	+0.104%	$30.2M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2508	+0.072%	$68.2M	$51.3M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2506	−0.008%	—	$6.5M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2504	−0.085%	$4.4M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2501	−0.208%	$67K	$286K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2501	−0.222%	$302K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2500	−0.247%	$230K	$753K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2507	+0.024%	$96K	$617K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2506	−0.008%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2507	+0.028%	$41K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2508	+0.070%	$9K	$738K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2506	+0.012%	$345	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2502	−0.174%	$1.4M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2505	−0.048%	$48.8M	$6.9M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2508	+0.063%	$542K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0113%	8h	0.2500	−0.228%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0161%	1h	0.2502	−0.183%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2508	+0.072%	$4.7M	$5.9M	75x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2506	+0.011%	$1K	—	15x	as long as short
Backpack ADA_USDC_PERP	+0.0310%	1h	0.2507	+0.016%	$139K	$461K	15x	as long as short
Hyperliquid ADA	+0.0474%	1h	0.2508	+0.080%	$44.9M	$16.0M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0617% / S −0.0569%	1h	0.2505	−0.045%	$139K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0708%	1h	0.2508	+0.084%	$622K	$523K	50x	as long as short