Funding you earn now, next payment 00:00 UTC−0.0096%/8h= −10.5% APRpaid last 24h −0.029%
Price spread now: Kalshi against Lighter−0.012%7-day average −0.024% · you buy dearer than you sell
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$30as in the Price arb table
costs, in and out, $10k−$310.307% of the position
Funding, last 7 days−0.128%−$13 on $10k
+Price spread, last 7 days+0.093%+$9 · spread now −0.012%, 7d avg −0.024%
=Together, before fees−0.035%+ Points / potential airdropLighter: Season 3 · farm board−$3 on $10k · with fees, hour by hour
The price spread sits at its 7-day average of −0.024%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2470 | 0.0096 | pay 0.0012% / 1h | 48m 45s | $2.5M | $1.3M | 10x |
| Short | Kalshi KXADAPERP | 0.2470 | 0 | get 0.0000% / 8h | 4h 48m | $157K | $6.0M | 3.2x |
Lighter ADA
Kalshi KXADAPERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Kalshi against Lighter. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- −$20.16
- Price spread: −0.012% → −0.024%
- $1.22
- Slippage, 4 orders
- −$20.73
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Kalshi: 5 bp × 2 orders
- −$10
- Net
- −$49.68
- Costs to cover
- 0.307%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 3 min ago; Kalshi: live order book, 5 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 Lighter live order book, 3 min ago | 2.22 bp | 6.3 bp −$6 | 14.1 bp −$141 | 43.4 bp −$4,338 | doesn't fit |
| Sell Kalshi live order book, 5 min ago | 4.04 bp | 9.0 bp −$9 | 17.7 bp −$177 | doesn't fit | 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 | 0.2469 | −0.071% | $203K | $4K | 10x | as long as short |
| Kalshi KXADAPERPshort | 0.0000% | 8h | 0.2470 | −0.012% | $157K | $6.0M | 3.2x | |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2468 | −0.110% | $85K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2466 | −0.174% | $407K | $7.3M | 50x | as long as short |
| Lighter ADAlong | +0.0096% | 1h | 0.2470 | long leg | $2.5M | $1.3M | 10x | |
| Hyperliquid ADA | +0.0100% | 1h | 0.2472 | +0.065% | $42.8M | $14.2M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2471 | +0.028% | $1.2M | $925K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2469 | −0.049% | $159K | $144K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2469 | −0.053% | $102.8M | $360.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2468 | −0.093% | $71.9M | $102.3M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2468 | −0.093% | $32.5M | $107.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2470 | −0.012% | $97.8M | $59.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2468 | −0.093% | $53.2M | $50.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2471 | +0.024% | $30.4M | $18.1M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2467 | −0.134% | $66.1M | $43.1M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2470 | −0.012% | — | $18.0M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2474 | +0.158% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2475 | +0.188% | $66K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2475 | +0.197% | $299K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2475 | +0.190% | $56K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2468 | −0.109% | $97K | $624K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2465 | −0.215% | $6K | $36K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2466 | −0.159% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2467 | −0.134% | $9K | $760K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2467 | −0.154% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2467 | −0.147% | $1.3M | $5.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2466 | −0.174% | $48.1M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2468 | −0.085% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2471 | +0.031% | $561K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0113% | 1h | 0.2467 | −0.139% | $6.2M | $11.5M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0118% | 1h | 0.2469 | −0.065% | $109K | $415K | 15x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2475 | +0.198% | $4K | $78K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0196% | 1h | 0.2466 | −0.158% | $489K | $410K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2470 | −0.012% | $4.4M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +0.028% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2468 | −0.110% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0567% / S −0.0313% | 1h | 0.2467 | −0.133% | $122K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
Kraken Futures PF_ADAUSD
Backpack ADA_USDC_PERP
Phoenix ADA
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Injective ADA/USDC PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]