Funding you earn now, next payment 01:00 UTC−0.0004%/8h= −0.4% APRnext payment −$0.01 per $10,000 · paid last 24h −0.001%
Price spread now: Lighter against Pacifica+0.218%7-day average +0.012% · you sell dearer than you buy
Net, funding: paid 7d − costs−$44as in the Funding arb table
Net, price: spread back to 7d avg − costs−$6as in the Price arb table
costs, in and out, $10k−$270.267% of the position
Funding, last 7 days−0.177%−$18 on $10k
+Price spread, last 4 days (all we have)−0.193%−$19 · spread now +0.218%, 7d avg +0.012%
=Together, before fees−0.370%+ Points / potential airdropPacifica: Active · Lighter: Season 3 · farm board−$37 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 0.206% dearer against Pacifica than usual: you sell high and buy low, +$21 on $10k if it goes back to its 7-day average of +0.012%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Pacifica ADA | 0.2450 | 0.0100 | pay 0.0013% / 1h | 43m 02s | $157K | $145K | 10x |
| Short | Lighter ADA | 0.2455 | 0.0096 | get 0.0012% / 1h | 43m 02s | $2.4M | $1.1M | 10x |
Pacifica ADA
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Pacifica. 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
- −$0.84
- Price spread: +0.218% → +0.012%
- $20.6
- Slippage, 4 orders
- −$18.71
- Fee Pacifica: 4 bp × 2 orders
- −$8
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$6.95
- Costs to cover
- 0.267%
- Break-even
- never at this rate
Slippage from Pacifica: live order book, 30 min ago; Lighter: live order book, 4 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 Pacifica live order book, 30 min ago | 2.25 bp | 8.0 bp −$8 | doesn't fit | doesn't fit | doesn't fit |
| Sell Lighter live order book, 4 min ago | 3.07 bp | 5.1 bp −$5 | 15.9 bp −$159 | 46.8 bp −$4,678 | 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 | 0.2448 | −0.084% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2454 | +0.177% | $195K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2453 | +0.117% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.871% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2450 | +0.014% | $413K | $7.2M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2453 | +0.144% | $6.2M | $11.7M | 50x | as long as short |
| Lighter ADAshort | +0.0096% | 1h | 0.2455 | +0.218% | $2.4M | $1.1M | 10x | |
| Phoenix ADA | +0.0098% | 1h | 0.2445 | −0.186% | $4K | $84K | 10x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2455 | +0.214% | $42.7M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2453 | +0.124% | $1.2M | $939K | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Phoenix ADA
Hyperliquid ADA
Aster ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica ADAlong | +0.0100% | 1h | 0.2450 | long leg | $157K | $145K | 10x | |
| Binance ADAUSDT | +0.0100% | 8h | 0.2454 | +0.177% | $101.5M | $364.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2453 | +0.136% | $71.6M | $103.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2454 | +0.177% | $32.4M | $106.7M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2451 | +0.055% | $97.8M | $58.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2453 | +0.136% | $52.6M | $50.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2453 | +0.140% | $30.1M | $17.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | +0.177% | $66.0M | $43.8M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2453 | +0.136% | — | $20.4M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2454 | +0.185% | $108K | $412K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2442 | −0.308% | $4.2M | $944K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2446 | −0.162% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2447 | −0.109% | $295K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2446 | −0.149% | $55K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2451 | +0.047% | $93K | $644K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2453 | +0.136% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2454 | +0.178% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2451 | +0.054% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2454 | +0.157% | $337 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2454 | +0.167% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2453 | +0.136% | $47.9M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2450 | +0.001% | $21K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2453 | +0.156% | $550K | $1.8M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2450 | +0.014% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2452 | +0.076% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0361% | 1h | 0.2455 | +0.202% | $495K | $431K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0623% / S −0.0393% | 1h | 0.2453 | +0.117% | $141K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAP
Gate ADA_USDT
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
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Extended ADA-USD
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]