Funding you earn now, next payment 04:00 UTC+0.0008%/8h= +0.9% APRnext payment +$0.01 per $10,000 · paid last 24h −0.003%
Price spread now: Extended against Lighter−0.103%7-day average −0.031% · you buy dearer than you sell
Net, funding: paid 7d − costs−$13as in the Funding arb table
Net, price: spread back to 7d avg − costs−$27as in the Price arb table
costs, in and out, $10k−$200.202% of the position
Funding, last 7 days+0.074%+$7 on $10k
+Price spread, last 7 days+0.141%+$14 · spread now −0.103%, 7d avg −0.031%
=Together, before fees+0.214%+ Points / potential airdropLighter: Season 3 · Extended: Active · 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: Extended is 0.072% cheaper against Lighter than usual: you would sell low and buy high, −$7 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 | 0.2472 | 0.0096 | pay 0.0012% / 1h | 20m 40s | $2.4M | $1.1M | 10x |
| Short | Extended ADA-USD | 0.2469 | 0.0104 | get 0.0013% / 1h | 20m 40s | $537K | $1.8M | 50x |
Lighter ADA
Extended ADA-USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
Extended 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
- $1.68
- Price spread: −0.103% → −0.031%
- −$7.17
- Slippage, 4 orders
- −$15.24
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Net
- −$25.73
- Costs to cover
- 0.202%
- Break-even
- 114.2 days
Slippage from Lighter: live order book, 6 min ago; Extended: live order book, 3 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, 6 min ago | 3.03 bp | 4.8 bp −$5 | 19.1 bp −$191 | 55.9 bp −$5,590 | doesn't fit |
| Sell Extended live order book, 3 min ago | 2.03 bp | 4.5 bp −$5 | 7.2 bp −$72 | doesn't fit | 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 | 0.2470 | −0.096% | $203K | $2K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2468 | −0.158% | $154K | $6.2M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2468 | −0.144% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.036% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0080% | 1h | 0.2470 | −0.077% | $427K | $7.7M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0092% | 1h | 0.2470 | −0.092% | $6.3M | $12.7M | 50x | as long as short |
| Lighter ADAlong | +0.0096% | 1h | 0.2472 | long leg | $2.4M | $1.1M | 10x | |
| Aster ADAUSDT | +0.0100% | 8h | 0.2470 | −0.077% | $1.2M | $985K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2470 | −0.061% | $160K | $160K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2471 | −0.036% | $104.7M | $369.9M | 75x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDT | +0.0100% | 8h | 0.2468 | −0.158% | $72.0M | $108.6M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2470 | −0.077% | $33.0M | $105.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2469 | −0.117% | $98.6M | $59.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2469 | −0.117% | $61.5M | $60.8M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2469 | −0.129% | $29.9M | $15.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2470 | −0.077% | $66.5M | $49.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2470 | −0.077% | — | $20.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2470 | −0.097% | $125K | $443K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2467 | −0.196% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2471 | −0.047% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2470 | −0.077% | $300K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2473 | +0.045% | $228K | $745K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2470 | −0.093% | $95K | $688K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2469 | −0.117% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2470 | −0.093% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2470 | −0.077% | $9K | $728K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2470 | −0.097% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2469 | −0.112% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2469 | −0.117% | $48.2M | $6.6M | 50x | as long as short |
| Extended ADA-USDshort | +0.0104% | 1h | 0.2469 | −0.103% | $537K | $1.8M | 50x | |
| Paradex ADA-USD-PERP | +0.0110% | 8h | 0.2470 | −0.081% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0189% | 1h | 0.2473 | +0.032% | $42.9M | $14.7M | 10x | as long as short |
| Phoenix ADA | +0.0195% | 1h | 0.2475 | +0.105% | $4K | $100K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2472 | +0.004% | $4.5M | $5.8M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0278% | 1h | 0.2469 | −0.098% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0560% | 1h | 0.2470 | −0.065% | $599K | $488K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0595% / S −0.0547% | 1h | 0.2468 | −0.166% | $133K | — | 100x | as long as short |
Bybit ADAUSDT
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
Hyperliquid ADA
Phoenix ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]