ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 07:00 UTC+0.0084%/8h= +9.2% APRnext payment +$0.10 per $10,000 · paid last 24h +0.001%

Price spread now: Lighter against Derive−0.089%7-day average — · you buy dearer than you sell

to open and closeno order booka leg has no order-book sample

Long on Derive Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 4 days (all we have)—no history yet

Price spread, last 7 days—no price history on both exchanges yet

Together, before fees—+ Points / potential airdropLighter: Season 3 · farm boardneeds both histories

Funding pays, the price is against you. Lighter is 0.089% cheaper against Derive than usual: you would sell low and buy high (spread −0.089% now, against zero (this spread has no 7-day history yet)). If the spread goes back, that is −$9 on $10k: about 3.5 days of funding at the current rate (+$3 a day).

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Derive ADA-PERP	0.2441	0.0100	pay 0.0013% / 1h	56m 31s	$40K	$3K	5x
Short	Lighter ADA	0.2439	0.0184	get 0.0023% / 1h	56m 31s	$2.4M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Derive. 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 DerivebpFee LighterbpOrdersPrice spread, now −0.089%Rate

Funding earned: $17.64
Price spread: −0.089% → 0.000%: −$8.9
Slippage, 4 orders: no order book: not counted
Fee Derive: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: $2.74
Costs to cover: 0.060%
Break-even: 5.9 days

Slippage unknown: Derive: no order-book sample; Lighter: live order book, 5 min ago. Net counts fees only.

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 Derive no order-book sample	—	—	—	—	—
Sell Lighter live order book, 5 min ago	5.31 bp	5.6 bp −$6	16.0 bp −$160	48.1 bp −$4,810	doesn't fit

Derive: no order-book sample. Either the market is below $100k of open interest and volume (not sampled), or the venue executes at an oracle price and its slippage is not modeled here: see the venue's docs.

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
Kalshi KXADAPERP	0.0000%	8h	0.2442	+0.034%	$186K	$7.6M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2441	+0.004%	$83K	—	150x	as long as short
Phoenix ADA	+0.0032%	1h	0.2450	+0.358%	$4K	$104K	10x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+1.222%	$849	$202K	12x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2440	−0.048%	$6K	$6K	20x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2437	−0.159%	$1.2M	$1.1M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2436	−0.195%	$156K	$178K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2437	−0.162%	$102.6M	$410.6M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2436	−0.212%	$71.9M	$124.9M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2437	−0.171%	$32.4M	$117.9M	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	0.2435	−0.253%	$99.5M	$63.9M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2435	−0.253%	$51.9M	$64.3M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2436	−0.195%	$29.2M	$15.8M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2436	−0.212%	$66.2M	$53.5M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2438	−0.130%	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2440	−0.036%	$137K	$484K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2448	+0.282%	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2445	+0.164%	$65K	$285K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2448	+0.281%	$288K	$4.0M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2450	+0.362%	$82K	$889K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2435	−0.245%	$128K	$1.1M	10x	as long as short
Derive ADA-PERPlong	+0.0100%	1h	0.2441	long leg	$40K	$3K	5x
SunX ADA-USDT	+0.0100%	8h	0.2442	+0.030%	$8K	$765K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2440	−0.028%	$336	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2441	−0.018%	$1.3M	$7.0M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2440	−0.048%	$47.3M	$7.4M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2437	−0.155%	$521K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0105%	8h	0.2439	−0.084%	$20K	$250	20x	as long as short
Coinbase International ADA-PERP-INTX	+0.0120%	1h	0.2444	+0.116%	$377K	$8.6M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0171%	1h	0.2440	−0.056%	$6.3M	$13.8M	50x	as long as short
Lighter ADAshort	+0.0184%	1h	0.2439	−0.089%	$2.4M	$1.0M	10x
BloFin ADA-USDT	+0.0220%	8h	0.2440	−0.048%	$4.4M	$5.8M	75x	as long as short
Hyperliquid ADA	+0.0259%	1h	0.2438	−0.134%	$42.8M	$18.3M	10x	as long as short
Reya ADARUSDPERP	+0.0275%	1h	0.2436	−0.211%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0365%	1h	0.2441	+0.009%	$621K	$613K	50x	as long as short
dYdX ADA-USD	+0.0575%	1h	0.2436	−0.222%	$200K	$2K	10x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0630% / S −0.0728%	1h	0.2441	−0.003%	$164K	—	100x	as long as short