Funding arb · Price arb /

ADA

all ADA markets

Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h 0.000%

Price spread now: Lighter against MEXC+0.175%7-day average −0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$29as in the Funding arb table

Net, price: spread back to 7d avg − costs+$1as in the Price arb table

costs, in and out, $10k−$190.187% of the position

Long on MEXC Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days−0.203%−$20 · spread now +0.175%, 7d avg −0.018%

Together, before fees−0.303%+ Points / potential airdropLighter: Season 3 · farm board−$30 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.194% dearer against MEXC than usual: you sell high and buy low, +$19 on $10k if it goes back to its 7-day average of −0.018%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	MEXC ADA_USDT	0.2455	0.0100	pay 0.0100% / 8h	6h 50m	$50.3M	$50.6M	300x
Short	Lighter ADA	0.2459	0.0104	get 0.0013% / 1h	50m 16s	$2.4M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against MEXC. 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 MEXCbpFee LighterbpOrdersPrice spread, now +0.175%Rate

Funding earned: $0.84
Price spread: +0.175% → −0.018%: $19.36
Slippage, 4 orders: −$18.7
Fee MEXC: 0 bp × 2 orders: $0
Fee Lighter: 0 bp × 2 orders: $0
Net: $1.5
Costs to cover: 0.187%
Break-even: from the start

Slippage from MEXC: live order book, 4 min ago; Lighter: live order book, 12 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 MEXC live order book, 4 min ago	2.05 bp	2.0 bp −$2	4.7 bp −$47	19.6 bp −$1,963	75.8 bp −$37.9K
Sell Lighter live order book, 12 min ago	2.85 bp	5.2 bp −$5	22.7 bp −$227	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	0.2457	+0.067%	$202K	$4K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2455	−0.018%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.652%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2455	0.000%	$410K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2456	+0.053%	$42.8M	$14.3M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2457	+0.086%	$1.2M	$968K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2457	+0.093%	$158K	$156K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	0.000%	$102.3M	$374.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2454	−0.041%	$72.1M	$107.8M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	+0.041%	$32.5M	$108.5M	50x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2454	−0.041%	$98.4M	$58.4M	75x	as long as short
MEXC ADA_USDTlong	+0.0100%	8h	0.2455	long leg	$50.3M	$50.6M	300x
KuCoin ADAUSDTM	+0.0100%	8h	0.2457	+0.094%	$30.1M	$18.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2457	+0.081%	$65.7M	$46.3M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2455	0.000%	—	$20.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2453	−0.098%	$129K	$422K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2450	−0.199%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2444	−0.465%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2444	−0.448%	$291K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2447	−0.326%	$56K	$587K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2456	+0.053%	$92K	$655K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2455	0.000%	$6K	$28K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2457	+0.091%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2455	+0.001%	$9K	$773K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2457	+0.102%	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2458	+0.103%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2458	+0.122%	$47.8M	$6.4M	50x	as long as short
Kalshi KXADAPERP	+0.0102%	8h	0.2449	−0.244%	$205K	$6.2M	3.2x	as long as short
Lighter ADAshort	+0.0104%	1h	0.2459	+0.175%	$2.4M	$1.0M	10x
Extended ADA-USD	+0.0104%	1h	0.2457	+0.079%	$533K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0104%	8h	0.2458	+0.127%	$21K	$250	20x	as long as short
Phoenix ADA	+0.0163%	1h	0.2441	−0.570%	$4K	$87K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2451	−0.163%	$4.5M	$5.6M	75x	as long as short
Reya ADARUSDPERP	+0.0282%	1h	0.2455	+0.001%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0353%	1h	0.2458	+0.114%	$6.2M	$12.0M	50x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0402%	1h	0.2457	+0.077%	$499K	$470K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0622% / S −0.0389%	1h	0.2454	−0.040%	$140K	—	100x	as long as short