Funding you earn now, next payment 07:00 UTC−0.0133%/8h= −14.6% APRnext payment −$0.17 per $10,000 · paid last 24h −0.030%
Price spread now: gTrade (Gains Network) against Lighter−0.054%101s7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 3 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
Both sides work against this trade now: funding costs −$4 a day on $10k at the current rate, and gTrade (Gains Network) is 0.054% cheaper against Lighter than usual: you would sell low and buy high (−$5 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs. The two prices were read 101 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2463 | 0.0136 | pay 0.0017% / 1h | 11m 41s | $2.4M | $1.0M | 10x |
| Short | gTrade (Gains Network) ADA/USD | 0.2461 | L +0.0005% / S −0.0003% | get 0.0000% / 1h | 11m 41s | $84K | — | 150x |
Lighter ADA
gTrade (Gains Network) ADA/USDFunding history
latest
Range statsloading…
Price spread between the two exchanges
gTrade (Gains Network) 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
- −$27.91
- Price spread: −0.054% → 0.000%
- −$5.36
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee gTrade (Gains Network): 5 bp × 2 orders
- −$10
- Net
- −$43.27
- Costs to cover
- 0.100%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 5 min ago; gTrade (Gains Network): no order-book sample. 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 Lighter live order book, 5 min ago | 3.04 bp | 5.5 bp −$5 | 17.6 bp −$176 | 50.7 bp −$5,073 | doesn't fit |
| Sell gTrade (Gains Network) no order-book sample | — | — | — | — | — |
gTrade (Gains Network): 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 36 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 | 0.2462 | −0.024% | $190K | $7.6M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USDshort | L +0.0005% / S −0.0003% | 1h | 0.2461 | −0.054% | $84K | — | 150x | |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.341% | $849 | $202K | 12x | as long as short |
| dYdX ADA-USD | +0.0036% | 1h | 0.2460 | −0.091% | $202K | $2K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2462 | −0.024% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2461 | −0.064% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2462 | −0.039% | $158K | $177K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2461 | −0.064% | $103.5M | $407.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2462 | −0.024% | $73.2M | $124.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2461 | −0.065% | $32.8M | $118.4M | 50x | as long as short |
Kalshi KXADAPERP
Injective ADA/USDC PERP
dYdX ADA-USD
Orderly PERP_ADA_USDC
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2461 | −0.065% | $100.8M | $65.0M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2461 | −0.065% | $51.9M | $65.5M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2461 | −0.057% | $29.4M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2461 | −0.065% | $67.0M | $53.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2461 | −0.065% | — | $20.2M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2462 | −0.022% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2462 | −0.020% | $66K | $286K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2462 | −0.024% | $294K | $3.9M | 10x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2462 | −0.028% | $128K | $1.3M | 10x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2464 | +0.057% | $8K | $757K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2462 | −0.004% | $339 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2464 | +0.055% | $1.3M | $7.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2462 | −0.024% | $47.7M | $7.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2461 | −0.073% | $516K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0107% | 8h | 0.2462 | −0.026% | $21K | $250 | 20x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0120% | 1h | 0.2462 | −0.024% | $371K | $8.5M | 50x | as long as short |
| ApeX Omni ADAUSDT | +0.0124% | 1h | 0.2464 | +0.057% | $79K | $893K | 50x | as long as short |
| Lighter ADAlong | +0.0136% | 1h | 0.2463 | long leg | $2.4M | $1.0M | 10x | |
| Phoenix ADA | +0.0163% | 1h | 0.2457 | −0.211% | $4K | $111K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0169% | 1h | 0.2463 | +0.002% | $6.4M | $13.9M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0181% | 1h | 0.2462 | −0.008% | $140K | $482K | 15x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2463 | +0.016% | $4.5M | $5.9M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0274% | 1h | 0.2462 | −0.025% | $1K | — | 15x | as long as short |
| Hyperliquid ADA | +0.0312% | 1h | 0.2463 | +0.016% | $43.3M | $18.1M | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0603% | 1h | 0.2464 | +0.045% | $629K | $617K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0604% / S −0.0679% | 1h | 0.2461 | −0.056% | $156K | — | 100x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
Polymarket Perps ADA-USD
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Coinbase International ADA-PERP-INTX
ApeX Omni ADAUSDT
Phoenix ADA
Kraken Futures PF_ADAUSD
Backpack ADA_USDC_PERP
BloFin ADA-USDT
Reya ADARUSDPERP
Hyperliquid ADA
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]