Funding you earn now, next payment 03:00 UTC−0.0076%/8h= −8.3% APRnext payment −$0.10 per $10,000 · paid last 24h −0.001%
Price spread now: Polymarket Perps against Lighter−0.101%7-day average −0.018% · you buy dearer than you sell
Net, funding: paid 7d − costs−$34as in the Funding arb table
Net, price: spread back to 7d avg − costs−$34as in the Price arb table
costs, in and out, $10k−$260.261% of the position
Funding, last 7 days−0.081%−$8 on $10k
+Price spread, last 4 days (all we have)+0.416%+$42 · spread now −0.101%, 7d avg −0.018%
=Together, before fees+0.334%+ Points / potential airdropLighter: Season 3 · farm board+$33 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$2 a day on $10k at the current rate, and Polymarket Perps is 0.083% cheaper against Lighter than usual: you would sell low and buy high (−$8 if the spread goes back to its 7-day average of −0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2482 | 0.0176 | pay 0.0022% / 1h | 16m 23s | $2.4M | $1.1M | 10x |
| Short | Polymarket Perps ADA-USD | 0.2479 | 0.0100 | get 0.0013% / 1h | 16m 23s | $95K | $678K | 10x |
Lighter ADA
Polymarket Perps ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Polymarket Perps 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
- −$15.96
- Price spread: −0.101% → −0.018%
- −$8.28
- Slippage, 4 orders
- −$18.11
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Polymarket Perps: 4 bp × 2 orders
- −$8
- Net
- −$50.35
- Costs to cover
- 0.261%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 6 min ago; Polymarket Perps: live order book, 46 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, 6 min ago | 3.00 bp | 5.0 bp −$5 | 13.7 bp −$137 | doesn't fit | doesn't fit |
| Sell Polymarket Perps live order book, 46 min ago | 3.05 bp | 7.1 bp −$7 | 8.9 bp −$89 | 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 | 0.2479 | −0.109% | $204K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2480 | −0.062% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.439% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2480 | −0.077% | $414K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2480 | −0.092% | $1.2M | $999K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2481 | −0.056% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2482 | +0.007% | $105.5M | $371.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2481 | −0.036% | $72.4M | $110.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2482 | +0.004% | $33.1M | $107.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2480 | −0.077% | $99.7M | $60.5M | 75x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| MEXC ADA_USDT | +0.0100% | 8h | 0.2481 | −0.036% | $59.2M | $60.4M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2480 | −0.081% | $29.9M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2480 | −0.077% | $66.6M | $49.4M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2480 | −0.077% | — | $19.9M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2482 | +0.024% | $139K | $433K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2495 | +0.529% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2487 | +0.187% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2486 | +0.154% | $294K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2496 | +0.568% | $230K | $736K | 50x | as long as short |
| Polymarket Perps ADA-USDshort | +0.0100% | 1h | 0.2479 | −0.101% | $95K | $678K | 10x | |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2481 | −0.036% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2480 | −0.059% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2483 | +0.044% | $9K | $745K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2480 | −0.056% | $341 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2481 | −0.020% | $1.3M | $6.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2481 | −0.036% | $48.3M | $6.5M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0103% | 8h | 0.2480 | −0.077% | $160K | $6.3M | 3.2x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2480 | −0.082% | $539K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0110% | 8h | 0.2481 | −0.051% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0135% | 1h | 0.2482 | −0.016% | $43.1M | $14.4M | 10x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2486 | +0.157% | $4K | $90K | 10x | as long as short |
| Lighter ADAlong | +0.0176% | 1h | 0.2482 | long leg | $2.4M | $1.1M | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2482 | +0.004% | $4.5M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0259% | 1h | 0.2480 | −0.084% | $6.3M | $12.7M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2480 | −0.077% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0486% / S −0.0279% | 1h | 0.2481 | −0.049% | $109K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0557% | 1h | 0.2482 | −0.016% | $586K | $442K | 50x | as long as short |
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Kalshi KXADAPERP
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL