ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC−0.0092%/8h= −10.1% APRnext payment −$0.11 per $10,000 · paid last 24h 0.000%

Price spread now: Pacifica against Lighter−0.029%7-day average −0.013% · you buy dearer than you sell

Net, funding: paid 7d − costs−$6as in the Funding arb table

Net, price: spread back to 7d avg − costs−$25as in the Price arb table

costs, in and out, $10k−$230.230% of the position

Long on Lighter Short on Pacifica

What this pair did over the last

the charts below follow

Funding, last 7 days+0.175%+$18 on $10k

Price spread, last 4 days (all we have)+0.006%+$1 · spread now −0.029%, 7d avg −0.013%

Together, before fees+0.182%+ Points / potential airdropLighter: Season 3 · Pacifica: Active · farm board+$18 on $10k · with fees, hour by hour

The price spread sits at its 7-day average of −0.013%, so right now this pair is about funding alone: −$3 a day on $10k at the current rate. Mind the row above: over the last 7 days funding on this pair paid +0.175%, so the current rate has only just turned against you.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Lighter ADA	0.2448	0.0192	pay 0.0024% / 1h	9m 34s	$2.4M	$1.0M	10x
Short	Pacifica ADA	0.2447	0.0100	get 0.0013% / 1h	9m 34s	$157K	$159K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Pacifica 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 PacificabpOrdersPrice spread, now −0.029%Rate

Funding earned: −$19.32
Price spread: −0.029% → −0.013%: −$1.6
Slippage, 4 orders: −$15.05
Fee Lighter: 0 bp × 2 orders: $0
Fee Pacifica: 4 bp × 2 orders: −$8
Net: −$43.97
Costs to cover: 0.230%
Break-even: never at this rate

Slippage from Lighter: live order book, 2 min ago; Pacifica: live order book, 58 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, 2 min ago	2.03 bp	3.9 bp −$4	17.6 bp −$176	49.8 bp −$4,980	doesn't fit
Sell Pacifica live order book, 58 min ago	2.62 bp	8.2 bp −$8	doesn't fit	doesn't fit	doesn't fit

ADA on 36 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	0.2445	−0.140%	$201K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2450	+0.094%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.935%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2456	+0.323%	$406K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2448	−0.004%	$42.7M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2447	−0.058%	$1.2M	$977K	75x	as long as short
Pacifica ADAshort	+0.0100%	1h	0.2447	−0.029%	$157K	$159K	10x
Binance ADAUSDT	+0.0100%	8h	0.2447	−0.045%	$102.7M	$371.9M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2446	−0.086%	$72.0M	$108.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2446	−0.086%	$32.5M	$106.8M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2444	−0.167%	$97.8M	$60.3M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2446	−0.086%	$58.8M	$52.9M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2447	−0.049%	$29.8M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2445	−0.127%	$65.5M	$47.2M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2446	−0.086%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2449	+0.045%	$129K	$410K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2455	+0.285%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2456	+0.323%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2455	+0.262%	$297K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2457	+0.364%	$56K	$590K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2453	+0.184%	$93K	$670K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2450	+0.078%	$6K	$16K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2452	+0.150%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2453	+0.197%	$9K	$760K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2451	+0.123%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2451	+0.105%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2450	+0.078%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2445	−0.110%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2448	+0.002%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0108%	8h	0.2454	+0.241%	$163K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2456	+0.319%	$4K	$87K	10x	as long as short
Lighter ADAlong	+0.0192%	1h	0.2448	long leg	$2.4M	$1.0M	10x
Deribit ADA_USDC-PERPETUAL	+0.0240%	1h	0.2451	+0.131%	$501K	$470K	50x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2452	+0.159%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0354%	1h	0.2451	+0.100%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2450	+0.076%	$95K	—	100x	as long as short