ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 22:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h −0.004%

Price spread now: Derive against Lighter+0.073%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on Lighter Short on Derive

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Derive is 0.073% dearer against Lighter than usual: you sell high and buy low, +$7 on $10k if it goes back to zero (this spread has no 7-day history yet).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ADA	0.2455	0.0096	pay 0.0012% / 1h	57m 37s	$2.4M	$1.3M	10x
Short	Derive ADA-PERP	0.2457	0.0100	get 0.0013% / 1h	57m 37s	$40K	$3K	5x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Derive against Lighter. 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 LighterbpFee DerivebpOrdersPrice spread, now +0.073%Rate

Funding earned: $0.84
Price spread: +0.073% → 0.000%: $7.26
Slippage, 4 orders: no order book: not counted
Fee Lighter: 0 bp × 2 orders: $0
Fee Derive: 3 bp × 2 orders: −$6
Net: $2.1
Costs to cover: 0.060%
Break-even: from the start

Slippage unknown: Lighter: live order book, 4 min ago; Derive: no order-book sample. Net counts fees only.

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 Lighter live order book, 4 min ago	1.82 bp	4.6 bp −$5	11.4 bp −$114	36.7 bp −$3,671	doesn't fit
Sell Derive no order-book sample	—	—	—	—	—

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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	0.2453	−0.088%	$202K	$4K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2457	+0.077%	$153K	$5.9M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2457	+0.067%	$88K	—	150x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0035%	1h	0.2455	+0.016%	$477K	$359K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2451	−0.167%	$431K	$7.1M	50x	as long as short
Lighter ADAlong	+0.0096%	1h	0.2455	long leg	$2.4M	$1.3M	10x
Hyperliquid ADA	+0.0100%	1h	0.2454	−0.065%	$42.4M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2453	−0.089%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2453	−0.077%	$157K	$148K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2453	−0.066%	$102.1M	$357.5M	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	0.2453	−0.086%	$71.1M	$101.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2454	−0.045%	$32.2M	$105.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2450	−0.208%	$97.2M	$56.8M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2452	−0.126%	$52.8M	$56.0M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2453	−0.102%	$30.7M	$18.4M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	−0.045%	$65.6M	$42.8M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2452	−0.126%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.151%	$101K	$425K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2465	+0.384%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2465	+0.407%	$66K	$278K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2463	+0.338%	$297K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2464	+0.363%	$55K	$578K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	−0.041%	$96K	$700K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2456	+0.037%	$6K	$36K	20x	as long as short
Derive ADA-PERPshort	+0.0100%	1h	0.2457	+0.073%	$40K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	0.2462	+0.279%	$9K	$764K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	−0.029%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	−0.096%	$1.3M	$4.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2453	−0.086%	$47.9M	$5.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2453	−0.087%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2451	−0.158%	$565K	$1.8M	50x	as long as short
Phoenix ADA	+0.0163%	1h	0.2467	+0.464%	$4K	$81K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2466	+0.444%	$4.4M	$5.4M	75x	as long as short
Reya ADARUSDPERP	+0.0287%	1h	0.2454	−0.047%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0336%	1h	0.2453	−0.091%	$6.1M	$11.7M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0521% / S −0.0277%	1h	0.2456	+0.046%	$113K	—	100x	as long as short
Injective ADA/USDC PERP	+0.0533%	1h	0.2457	+0.077%	$844	$95K	12x	as long as short