Settings8H · net · $10k
Funding arb · Price arb /

ADA

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SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: SoDEX against Lighter−0.162%7-day average · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
What this pair did over the last
the charts below follow
Funding, last 3 days (all we have)no history yet
Price spread, last 7 daysno 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: SoDEX is 0.162% cheaper against Lighter than usual: you would sell low and buy high, −$16 on $10k if it goes back to zero (this spread has no 7-day history yet).
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ADA0.24770.0096pay 0.0012% / 1h51m 24s$2.5M$1.3M10x
ShortSoDEX ADA-USD0.24720.0100get 0.0013% / 1h51m 24s$340$13K10x

Funding history

latest
Range statsloading…

Price spread between the two exchanges

SoDEX 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

Funding earned
$0.84
Price spread: −0.162% → 0.000%
−$16.15
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee SoDEX: 4 bp × 2 orders
−$8
Net
−$23.31
Costs to cover
0.080%
Break-even
201.3 days
Slippage unknown: Lighter: live order book, 10 min ago; SoDEX: 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
LegHalf-spread$10k$100k$1M$5M
Buy Lighter live order book, 10 min ago1.42 bp3.6 bp −$414.6 bp −$14651.2 bp −$5,119doesn't fit
Sell SoDEX no order-book sample
SoDEX: 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.
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
dYdX ADA-USD0.0000%1h0.2474−0.086%$204K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2474−0.101%$161K$6.0M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2474−0.117%$85K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2471−0.222%$415K$7.4M50xas long as short
Lighter ADAlong+0.0096%1h0.2477long leg$2.5M$1.3M10x
Hyperliquid ADA+0.0100%1h0.2476−0.016%$42.9M$14.2M10xas long as short
Aster ADAUSDT+0.0100%8h0.2475−0.063%$1.2M$925K75xas long as short
Pacifica ADA+0.0100%1h0.2475−0.052%$158K$146K10xas long as short
Binance ADAUSDT+0.0100%8h0.2475−0.057%$102.9M$361.3M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2474−0.101%$72.1M$102.7M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2476−0.020%$32.6M$107.8M50xas long as short
Gate ADA_USDT+0.0100%8h0.2474−0.101%$98.0M$59.2M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2474−0.101%$53.3M$50.5M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2475−0.061%$30.3M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2474−0.101%$66.3M$43.4M75xas long as short
BingX ADA-USDT+0.0100%8h0.2474−0.101%$18.0Mas long as short
Variational Omni ADA+0.0100%8h0.2464−0.498%$4.2M$1.0Mas long as short
edgeX ADAUSDC+0.0100%4h0.2468−0.341%$66K$280K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2468−0.343%$288K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2472−0.182%$56K$582K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2475−0.077%$97K$626K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2474−0.101%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2472−0.179%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2475−0.062%$9K$760K30xas long as short
SoDEX ADA-USDshort+0.0100%1h0.2472−0.162%$340$13K10x
HTX ADA-USDT+0.0100%8h0.2471−0.204%$1.3M$5.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2472−0.182%$48.3M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2475−0.058%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2475−0.080%$561K$1.8M50xas long as short
Kraken Futures PF_ADAUSD+0.0112%1h0.2473−0.160%$6.2M$11.6M50xas long as short
Phoenix ADA+0.0130%1h0.2468−0.339%$4K$78K10xas long as short
Backpack ADA_USDC_PERP+0.0139%1h0.2473−0.149%$109K$418K15xas long as short
BloFin ADA-USDT+0.0220%8h0.2471−0.222%$4.4M$5.5M75xas long as short
Injective ADA/USDC PERP+0.0254%1h0.2471−0.222%$849$202K12xas long as short
Reya ADARUSDPERP+0.0284%1h0.2475−0.077%$1K15xas long as short
Deribit ADA_USDC-PERPETUAL+0.0357%1h0.2472−0.178%$489K$404K50xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0568% / S −0.0313%1h0.2474−0.101%$123K100xas long as short