ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 04:00 UTC+0.0016%/8h= +1.8% APRnext payment +$0.02 per $10,000 · paid last 24h +0.008%

Price spread now: Lighter against Coinbase International−0.036%7-day average +0.046% · you buy dearer than you sell

Net, funding: paid 7d − costs−$38as in the Funding arb table

Net, price: spread back to 7d avg − costs−$45as in the Price arb table

costs, in and out, $10k−$370.371% of the position

Long on Coinbase International Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.006%−$1 on $10k

Price spread, last 4 days (all we have)−0.070%−$7 · spread now −0.036%, 7d avg +0.046%

Together, before fees−0.076%+ Points / potential airdropLighter: Season 3 · farm board−$8 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.082% cheaper against Coinbase International than usual: you would sell low and buy high (spread −0.036% now, against its 7-day average of +0.046%). If the spread goes back, that is −$8 on $10k: about 17 days of funding at the current rate ($0 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Coinbase International ADA-PERP-INTX	0.2489	0.0080	pay 0.0010% / 1h	25m 41s	$385K	$8.2M	50x
Short	Lighter ADA	0.2488	0.0096	get 0.0012% / 1h	25m 41s	$2.5M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Coinbase International. 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 Coinbase InternationalbpFee LighterbpOrdersPrice spread, now −0.036%Rate

Funding earned: $3.36
Price spread: −0.036% → +0.046%: −$8.19
Slippage, 4 orders: −$27.06
Fee Coinbase International: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$41.89
Costs to cover: 0.371%
Break-even: 94.3 days

Slippage from Coinbase International: live order book, 3 min ago; Lighter: live order book, 11 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 Coinbase International live order book, 3 min ago	4.00 bp	14.1 bp −$14	19.3 bp −$193	doesn't fit	doesn't fit
Sell Lighter live order book, 11 min ago	2.59 bp	6.5 bp −$6	18.9 bp −$189	52.9 bp −$5,287	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	0.2487	−0.100%	$205K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2490	+0.040%	$147K	$6.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2488	−0.037%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0026%	1h	0.2488	−0.039%	$6.4M	$13.0M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	−0.723%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTXlong	+0.0080%	1h	0.2489	long leg	$385K	$8.2M	50x
Lighter ADAshort	+0.0096%	1h	0.2488	−0.036%	$2.5M	$1.1M	10x
Aster ADAUSDT	+0.0100%	8h	0.2487	−0.094%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2487	−0.073%	$160K	$169K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2488	−0.036%	$106.1M	$384.7M	75x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	0.2487	−0.080%	$75.1M	$113.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2489	0.000%	$33.3M	$110.7M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2486	−0.121%	$101.5M	$61.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2487	−0.080%	$60.2M	$62.2M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2486	−0.112%	$29.8M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2486	−0.121%	$67.6M	$51.5M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2487	−0.080%	—	$20.1M	—	as long as short
Variational Omni ADA	+0.0100%	8h	0.2486	−0.119%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2504	+0.619%	$67K	$284K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2503	+0.571%	$293K	$3.9M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2505	+0.643%	$231K	$753K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2490	+0.052%	$93K	$625K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2488	−0.040%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2489	−0.006%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2489	−0.002%	$8K	$737K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2488	−0.020%	$342	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2489	+0.015%	$1.3M	$6.7M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2488	−0.040%	$48.5M	$6.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2487	−0.080%	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2487	−0.089%	$540K	$1.8M	50x	as long as short
Phoenix ADA	+0.0161%	1h	0.2510	+0.824%	$4K	$95K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2492	+0.121%	$4.6M	$5.9M	75x	as long as short
Backpack ADA_USDC_PERP	+0.0263%	1h	0.2488	−0.036%	$137K	$462K	15x	as long as short
Reya ADARUSDPERP	+0.0277%	1h	0.2489	−0.002%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0433%	1h	0.2489	+0.016%	$612K	$533K	50x	as long as short
Hyperliquid ADA	+0.0438%	1h	0.2488	−0.032%	$44.5M	$16.0M	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0615% / S −0.0569%	1h	0.2488	−0.053%	$138K	—	100x	as long as short