Funding you earn now, next payment 00:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.010%
Price spread now: Lighter against Extended+0.048%7-day average +0.054% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$200.205% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.025%+$2 · spread now +0.048%, 7d avg +0.054%
=Together, before fees−0.054%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$5 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ADA-USD | 0.2441 | 0.0104 | pay 0.0013% / 1h | 20m 50s | $551K | $1.8M | 50x |
| Short | Lighter ADA | 0.2442 | 0.0096 | get 0.0012% / 1h | 20m 50s | $2.4M | $1.3M | 10x |
Extended ADA-USD
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.048% → +0.054%
- −$0.67
- Slippage, 4 orders
- −$15.45
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.8
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from Extended: live order book, 3 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 Extended live order book, 3 min ago | 2.05 bp | 4.6 bp −$5 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 2.05 bp | 5.2 bp −$5 | 13.8 bp −$138 | 43.3 bp −$4,330 | 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 | 0.2440 | −0.038% | $201K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2440 | −0.022% | $186K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2439 | −0.080% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2437 | −0.145% | $415K | $7.3M | 50x | as long as short |
| Lighter ADAshort | +0.0096% | 1h | 0.2442 | +0.048% | $2.4M | $1.3M | 10x | |
| Hyperliquid ADA | +0.0100% | 1h | 0.2442 | +0.056% | $42.3M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2440 | −0.022% | $1.2M | $929K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2439 | −0.044% | $157K | $145K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2440 | −0.022% | $100.9M | $365.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2439 | −0.063% | $70.9M | $103.9M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2440 | −0.022% | $32.2M | $106.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2439 | −0.063% | $96.9M | $60.2M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2440 | −0.022% | $51.8M | $51.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2440 | −0.030% | $29.9M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2441 | +0.019% | $65.6M | $43.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2440 | −0.022% | — | $21.3M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2439 | −0.059% | $104K | $419K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2438 | −0.097% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2435 | −0.218% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2436 | −0.178% | $290K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2436 | −0.186% | $55K | $581K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2439 | −0.055% | $92K | $639K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2438 | −0.104% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2438 | −0.101% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2441 | +0.018% | $9K | $766K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2438 | −0.104% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2438 | −0.108% | $1.3M | $5.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2439 | −0.063% | $47.6M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2439 | −0.063% | $20K | $250 | 20x | as long as short |
| Extended ADA-USDlong | +0.0104% | 1h | 0.2441 | long leg | $551K | $1.8M | 50x | |
| Kraken Futures PF_ADAUSD | +0.0114% | 1h | 0.2438 | −0.113% | $6.1M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2440 | −0.034% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2440 | −0.022% | $4.4M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +1.248% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2439 | −0.080% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0563% / S −0.0313% | 1h | 0.2438 | −0.094% | $121K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +1.2877% | 1h | 0.2470 | +1.195% | $496K | $431K | 50x | as long as short |
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
Kraken Futures PF_ADAUSD
Phoenix ADA
BloFin ADA-USDT
Injective ADA/USDC PERP
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL