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

ADA

all ADA markets
SwapBacktest
Alert: funding
Alert: spread
Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Variational Omni against Lighter+0.037%7-day average +0.019% · you sell dearer than you buy
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)−0.005%$0 on $10k
Price spread, last 7 days−0.009%−$1 · spread now +0.037%, 7d avg +0.019%
Together, before fees−0.014%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board−$1 on $10k · with fees, hour by hour
LegExchangePriceFunding /8hEach paymentNext inOIVol 24hMax lev
LongLighter ADA0.24530.0096pay 0.0012% / 1h33m 26s$2.4M$1.3M10x
ShortVariational Omni ADA0.24540.0100get 0.0100% / 8h33m 26s$4.2M$1.0M

Funding history

latest
Range statsloading…

Price spread between the two exchanges

Variational Omni 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: +0.037% → +0.019%
$1.85
Slippage, 4 orders
no order book: not counted
Fee Lighter: 0 bp × 2 orders
$0
Fee Variational Omni: 0 bp × 2 orders
$0
Net
$2.69
Costs to cover
0.000%
Break-even
from the start
Slippage unknown: Lighter: live order book, 3 min ago; Variational Omni: RFQ quote, 1 min ago. 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, 3 min ago2.04 bp5.2 bp −$511.6 bp −$11642.9 bp −$4,294doesn't fit
Sell Variational Omni RFQ quote, 1 min ago6.12 bpdoesn't fit10.2 bp −$102doesn't fitdoesn't fit

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%1h0.2452−0.068%$202K$4K10xas long as short
Kalshi KXADAPERP0.0000%8h0.2454+0.029%$175K$6.1M3.2xas long as short
gTrade (Gains Network) ADA/USDL +0.0005% / S −0.0003%1h0.2454+0.012%$84K150xas long as short
Coinbase International ADA-PERP-INTX+0.0056%1h0.2451−0.094%$404K$7.3M50xas long as short
Lighter ADAlong+0.0096%1h0.2453long leg$2.4M$1.3M10x
Hyperliquid ADA+0.0100%1h0.2455+0.077%$42.5M$14.3M10xas long as short
Aster ADAUSDT+0.0100%8h0.2453−0.026%$1.2M$925K75xas long as short
Pacifica ADA+0.0100%1h0.2452−0.042%$158K$145K10xas long as short
Binance ADAUSDT+0.0100%8h0.2454+0.028%$102.0M$362.4M75xas long as short
Bybit ADAUSDT+0.0100%8h0.2454+0.029%$71.5M$102.6M75xas long as short
Show all 37 venues
ExchangeFunding /8hEveryPricePrice vs long legOIVol 24hMax lev
OKX ADA-USDT-SWAP+0.0100%8h0.2455+0.069%$32.3M$107.0M50xas long as short
Gate ADA_USDT+0.0100%8h0.2451−0.094%$97.4M$59.6M75xas long as short
MEXC ADA_USDT+0.0100%8h0.2453−0.012%$53.0M$50.7M300xas long as short
KuCoin ADAUSDTM+0.0100%8h0.2454+0.024%$30.1M$18.1M75xas long as short
Bitget ADAUSDT+0.0100%8h0.2454+0.029%$65.8M$43.3M75xas long as short
BingX ADA-USDT+0.0100%8h0.2454+0.029%$18.0Mas long as short
Backpack ADA_USDC_PERP+0.0100%1h0.2453−0.024%$110K$415K15xas long as short
Variational Omni ADAshort+0.0100%8h0.2454+0.037%$4.2M$1.0M
edgeX ADAUSDC+0.0100%4h0.2456+0.127%$65K$281K20xas long as short
GRVT ADA_USDT_Perp+0.0100%8h0.2457+0.137%$292K$3.8M10xas long as short
ApeX Omni ADAUSDT+0.0100%1h0.2453−0.012%$55K$582K50xas long as short
Polymarket Perps ADA-USD+0.0100%1h0.2454+0.020%$95K$627K10xas long as short
Orderly PERP_ADA_USDC+0.0100%8h0.2451−0.094%$6K$36K20xas long as short
Derive ADA-PERP+0.0100%1h0.2452−0.060%$40K$3K5xas long as short
SunX ADA-USDT+0.0100%8h0.2452−0.054%$9K$763K30xas long as short
SoDEX ADA-USD+0.0100%1h0.2452−0.073%$337$13K10xas long as short
HTX ADA-USDT+0.0100%8h0.2452−0.053%$1.3M$5.3M75xas long as short
Phemex ADAUSDT+0.0100%8h0.2452−0.053%$47.9M$5.9M50xas long as short
Paradex ADA-USD-PERP+0.0100%8h0.2452−0.054%$21K$25020xas long as short
Extended ADA-USD+0.0104%1h0.2453−0.009%$554K$1.8M50xas long as short
Kraken Futures PF_ADAUSD+0.0113%1h0.2452−0.062%$6.2M$11.6M50xas long as short
Deribit ADA_USDC-PERPETUAL+0.0117%1h0.2452−0.033%$493K$430K50xas long as short
Phoenix ADA+0.0130%1h0.2452−0.037%$4K$78K10xas long as short
BloFin ADA-USDT+0.0220%8h0.2453−0.012%$4.4M$5.5M75xas long as short
Injective ADA/USDC PERP+0.0254%1h0.2471+0.721%$849$202K12xas long as short
Reya ADARUSDPERP+0.0284%1h0.2453−0.008%$1K15xas long as short
GMX ADA/USD [WBTC.b-USDC]L +0.0565% / S −0.0313%1h0.2451−0.092%$122K100xas long as short