ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Polymarket Perps+0.093%7-day average +0.018% · you sell dearer than you buy

Net, funding: paid 7d − costs−$18as in the Funding arb table

Net, price: spread back to 7d avg − costs−$19as in the Price arb table

costs, in and out, $10k−$260.261% of the position

Long on Polymarket Perps Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days+0.081%+$8 on $10k

Price spread, last 4 days (all we have)−0.408%−$41 · spread now +0.093%, 7d avg +0.018%

Together, before fees−0.326%+ Points / potential airdropLighter: Season 3 · farm board−$33 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$3 a day on $10k at the current rate, and Lighter is 0.075% dearer against Polymarket Perps than usual: you sell high and buy low: +$7 more if the spread 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	Polymarket Perps ADA-USD	0.2479	0.0100	pay 0.0013% / 1h	15m 59s	$95K	$678K	10x
Short	Lighter ADA	0.2482	0.0184	get 0.0023% / 1h	15m 59s	$2.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Polymarket Perps. 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 Polymarket PerpsbpFee LighterbpOrdersPrice spread, now +0.093%Rate

Funding earned: $17.64
Price spread: +0.093% → +0.018%: $7.48
Slippage, 4 orders: −$18.11
Fee Polymarket Perps: 4 bp × 2 orders: −$8
Fee Lighter: 0 bp × 2 orders: $0
Net: −$0.99
Costs to cover: 0.261%
Break-even: 7.4 days

Slippage from Polymarket Perps: live order book, 47 min ago; Lighter: live order book, 6 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 Polymarket Perps live order book, 47 min ago	3.05 bp	7.1 bp −$7	8.1 bp −$81	doesn't fit	doesn't fit
Sell Lighter live order book, 6 min ago	3.00 bp	7.0 bp −$7	21.7 bp −$217	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	−0.008%	$204K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2480	+0.038%	$85K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.339%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2480	+0.024%	$413K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2481	+0.070%	$1.2M	$999K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2481	+0.045%	$159K	$162K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2479	−0.006%	$105.4M	$371.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2479	−0.016%	$72.3M	$110.5M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2480	+0.024%	$33.0M	$107.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2478	−0.056%	$99.7M	$60.5M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
MEXC ADA_USDT	+0.0100%	8h	0.2480	+0.024%	$59.2M	$60.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2480	+0.012%	$29.9M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2479	−0.016%	$66.5M	$49.4M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2479	−0.016%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2480	+0.016%	$139K	$433K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2480	+0.025%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2487	+0.288%	$66K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2486	+0.255%	$294K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2496	+0.670%	$230K	$736K	50x	as long as short
Polymarket Perps ADA-USDlong	+0.0100%	1h	0.2479	long leg	$95K	$678K	10x
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2481	+0.065%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2482	+0.088%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2481	+0.064%	$9K	$746K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2481	+0.060%	$341	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2480	+0.036%	$1.3M	$6.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2481	+0.065%	$48.3M	$6.5M	50x	as long as short
Kalshi KXADAPERP	+0.0102%	8h	0.2480	+0.024%	$160K	$6.3M	3.2x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2480	+0.038%	$539K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0110%	8h	0.2481	+0.050%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0134%	1h	0.2481	+0.052%	$43.1M	$14.4M	10x	as long as short
Phoenix ADA	+0.0163%	1h	0.2486	+0.258%	$4K	$90K	10x	as long as short
Lighter ADAshort	+0.0184%	1h	0.2482	+0.093%	$2.4M	$1.1M	10x
BloFin ADA-USDT	+0.0220%	8h	0.2482	+0.105%	$4.5M	$5.8M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0259%	1h	0.2480	+0.029%	$6.3M	$12.7M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2480	+0.023%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0486% / S −0.0279%	1h	0.2481	+0.052%	$109K	—	100x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0597%	1h	0.2482	+0.121%	$586K	$442K	50x	as long as short