Funding you earn now, next payment 00:00 UTC+0.0004%/8h= +0.4% APRpaid last 24h +0.001%
Price spread now: Binance against Lighter−0.076%7-day average +0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$15as in the Funding arb table
Net, price: spread back to 7d avg − costs−$36as in the Price arb table
costs, in and out, $10k−$250.254% of the position
Funding, last 7 days+0.102%+$10 on $10k
+Price spread, last 7 days+0.108%+$11 · spread now −0.076%, 7d avg +0.031%
=Together, before fees+0.210%+ Points / potential airdropLighter: Season 3 · farm board+$21 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Binance is 0.107% cheaper against Lighter than usual: you would sell low and buy high, −$11 on $10k if it goes back to its 7-day average of +0.031%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2438 | 0.0096 | pay 0.0012% / 1h | 25m 07s | $2.4M | $1.3M | 10x |
| Short | Binance ADAUSDT | 0.2436 | 0.0100 | get 0.0100% / 8h | 25m 07s | $101.1M | $364.3M | 75x |
Lighter ADA
Binance ADAUSDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
Binance against Lighter. 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
- $0.84
- Price spread: −0.076% → +0.031%
- −$10.68
- Slippage, 4 orders
- −$15.45
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Binance: 5 bp × 2 orders
- −$10
- Net
- −$35.28
- Costs to cover
- 0.254%
- Break-even
- 301.0 days
Slippage from Lighter: live order book, 2 min ago; Binance: live order book, 4 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 Lighter live order book, 2 min ago | 2.05 bp | 6.1 bp −$6 | 14.7 bp −$147 | 52.4 bp −$5,235 | doesn't fit |
| Sell Binance live order book, 4 min ago | 2.05 bp | 7.0 bp −$7 | 8.9 bp −$89 | 23.2 bp −$2,325 | 78.0 bp −$39.0K |
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 | 0.2436 | −0.087% | $200K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2435 | −0.111% | $186K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2435 | −0.114% | $84K | — | 150x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2436 | −0.070% | $402K | $7.3M | 50x | as long as short |
| Lighter ADAlong | +0.0096% | 1h | 0.2438 | long leg | $2.4M | $1.3M | 10x | |
| Hyperliquid ADA | +0.0100% | 1h | 0.2437 | −0.037% | $42.2M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2437 | −0.048% | $1.2M | $929K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2436 | −0.088% | $156K | $145K | 10x | as long as short |
| Binance ADAUSDTshort | +0.0100% | 8h | 0.2436 | −0.076% | $101.1M | $364.3M | 75x | |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2435 | −0.111% | $70.6M | $103.5M | 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
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 | 0.2435 | −0.111% | $32.1M | $106.4M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2435 | −0.111% | $96.6M | $59.9M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2436 | −0.070% | $51.8M | $50.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2436 | −0.062% | $29.8M | $18.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2436 | −0.070% | $65.5M | $43.5M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2436 | −0.070% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2436 | −0.053% | $108K | $417K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2437 | −0.020% | $4.2M | $1.0M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2442 | +0.178% | $65K | $280K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2439 | +0.037% | $291K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | +0.176% | $55K | $582K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2434 | −0.131% | $91K | $637K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2436 | −0.070% | $6K | $33K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2437 | −0.044% | $39K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2436 | −0.071% | $9K | $765K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2437 | −0.049% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2435 | −0.115% | $1.3M | $5.4M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2437 | −0.029% | $47.6M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2435 | −0.097% | $20K | $250 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2436 | −0.068% | $551K | $1.8M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0114% | 1h | 0.2437 | −0.045% | $6.1M | $11.7M | 50x | as long as short |
| Phoenix ADA | +0.0130% | 1h | 0.2440 | +0.082% | $4K | $78K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2433 | −0.193% | $4.4M | $5.5M | 75x | as long as short |
| Injective ADA/USDC PERP | +0.0254% | 1h | 0.2471 | +1.366% | $849 | $202K | 12x | as long as short |
| Reya ADARUSDPERP | +0.0284% | 1h | 0.2435 | −0.106% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0563% / S −0.0313% | 1h | 0.2435 | −0.096% | $121K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4745% | 1h | 0.2497 | +2.449% | $502K | $430K | 50x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
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
Extended ADA-USD
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