ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC+0.0120%/8h= +13.1% APRnext payment +$0.15 per $10,000 · paid last 24h +0.024%

Price spread now: Lighter against dYdX+0.072%7-day average +0.035% · you sell dearer than you buy

Net, funding: paid 7d − costs−$321as in the Funding arb table

Net, price: spread back to 7d avg − costs−$317as in the Price arb table

costs, in and out, $10k−$3203.204% of the position

Long on dYdX Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.001%$0 on $10k

Price spread, last 4 days (all we have)−0.021%−$2 · spread now +0.072%, 7d avg +0.035%

Together, before fees−0.022%+ Points / potential airdropLighter: Season 3 · farm board−$2 on $10k · with fees, hour by hour

Both sides work for this trade now. Funding pays +$4 a day on $10k at the current rate, and Lighter is 0.037% dearer against dYdX than usual: you sell high and buy low: +$4 more if the spread goes back to its 7-day average of +0.035%.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	dYdX ADA-USD	0.2451	0	get 0.0000% / 1h	5m 32s	$202K	$3K	10x
Short	Lighter ADA	0.2452	0.0120	get 0.0015% / 1h	5m 32s	$2.4M	$1.1M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against dYdX. 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 dYdXbpFee LighterbpOrdersPrice spread, now +0.072%Rate

Funding earned: $25.2
Price spread: +0.072% → +0.035%: $3.72
Slippage, 4 orders: −$310.4
Fee dYdX: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$291.47
Costs to cover: 3.204%
Break-even: 88.0 days

Slippage from dYdX: live order book, 59 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 dYdX live order book, 59 min ago	150.28 bp	155.3 bp −$155	155.3 bp −$1,553	155.3 bp −$15.5K	162.5 bp −$81.2K
Sell Lighter live order book, 6 min ago	2.03 bp	3.9 bp −$4	16.6 bp −$166	55.3 bp −$5,529	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-USDlong	0.0000%	1h	0.2451	long leg	$202K	$3K	10x
Kalshi KXADAPERP	0.0000%	8h	0.2460	+0.386%	$144K	$6.3M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2452	+0.074%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.835%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0056%	1h	0.2452	+0.060%	$405K	$7.7M	50x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2452	+0.069%	$1.2M	$1.0M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2452	+0.076%	$159K	$163K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2455	+0.182%	$103.8M	$372.7M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2455	+0.182%	$71.6M	$111.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2456	+0.223%	$32.7M	$106.2M	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	0.2452	+0.060%	$98.4M	$61.0M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2451	+0.019%	$61.4M	$61.1M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2452	+0.072%	$29.6M	$16.0M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2455	+0.182%	$65.9M	$50.0M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2456	+0.223%	—	$20.0M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2455	+0.162%	$124K	$447K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2452	+0.061%	$4.3M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2459	+0.361%	$65K	$283K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2465	+0.593%	$292K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2463	+0.509%	$227K	$738K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2454	+0.154%	$93K	$681K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2453	+0.101%	$6K	$6K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2454	+0.140%	$40K	$2K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2454	+0.142%	$8K	$743K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2454	+0.121%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2453	+0.112%	$1.3M	$6.3M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2454	+0.141%	$47.8M	$6.5M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2453	+0.116%	$531K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0108%	8h	0.2453	+0.089%	$21K	$250	20x	as long as short
Hyperliquid ADA	+0.0114%	1h	0.2454	+0.158%	$42.7M	$14.8M	10x	as long as short
Lighter ADAshort	+0.0120%	1h	0.2452	+0.072%	$2.4M	$1.1M	10x
Phoenix ADA	+0.0163%	1h	0.2465	+0.570%	$4K	$90K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2458	+0.305%	$4.5M	$5.7M	75x	as long as short
Kraken Futures PF_ADAUSD	+0.0262%	1h	0.2454	+0.134%	$6.2M	$12.7M	50x	as long as short
Reya ADARUSDPERP	+0.0279%	1h	0.2454	+0.161%	$1K	—	15x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0402%	1h	0.2454	+0.137%	$589K	$452K	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0214%	1h	0.2453	+0.086%	$93K	—	100x	as long as short