Funding you earn now, next payment 03:00 UTC−0.0119%/8h= −13.0% APRnext payment −$0.15 per $10,000 · paid last 24h −0.001%
Price spread now: Injective against Lighter+0.036%66s7-day average −0.315% · you sell dearer than you buy
to open and closeno order booka leg has no order-book sample
Funding, last 7 days+0.082%+$8 on $10k
+Price spread, last 4 days (all we have)−0.140%−$14 · spread now +0.036%, 7d avg −0.315%
=Together, before fees−0.058%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour
The price spread pays, funding is against you. Injective is 0.352% dearer against Lighter than usual: you sell high and buy low (spread +0.036% now, against its 7-day average of −0.315%): +$35 on $10k if it goes back. Holding the pair costs −$4 a day in funding at the current rate, which eats that in about 9.9 days. Mind the row above: over the last 7 days funding on this pair paid +0.082%, so the current rate has only just turned against you. The two prices were read 66 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 | 0.2470 | 0.0152 | pay 0.0019% / 1h | 9m 51s | $2.4M | $1.1M | 10x |
| Short | Injective ADA/USDC PERP | 0.2471 | 0.0033 | get 0.0004% / 1h | 9m 51s | $849 | $202K | 12x |
Lighter ADA
Injective ADA/USDC PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Injective 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
- −$24.92
- Price spread: +0.036% → −0.315%
- $35.16
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Injective: 0.01 bp × 2 orders
- −$0.02
- Net
- $10.22
- Costs to cover
- 0.000%
- Break-even
- from the start
Slippage unknown: Lighter: live order book, 2 min ago; Injective: 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, 2 min ago | 2.03 bp | 5.9 bp −$6 | 12.0 bp −$120 | 42.0 bp −$4,204 | doesn't fit |
| Sell Injective no order-book sample | — | — | — | — | — |
Injective: 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 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 | 0.2472 | +0.081% | $203K | $3K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2470 | −0.004% | $146K | $6.3M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2467 | −0.111% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERPshort | +0.0033% | 1h | 0.2471 | +0.036% | $849 | $202K | 12x | |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2467 | −0.126% | $415K | $7.7M | 50x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2469 | −0.046% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2472 | +0.096% | $159K | $162K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2467 | −0.139% | $104.7M | $372.3M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2465 | −0.206% | $72.0M | $110.9M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2467 | −0.126% | $32.8M | $106.6M | 50x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Coinbase International ADA-PERP-INTX
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2465 | −0.206% | $99.0M | $60.8M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2465 | −0.206% | $62.0M | $61.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2467 | −0.105% | $29.8M | $16.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2466 | −0.166% | $66.3M | $49.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2467 | −0.126% | — | $6.6M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2469 | −0.053% | $132K | $443K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2467 | −0.125% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2476 | +0.250% | $66K | $282K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2477 | +0.296% | $293K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2475 | +0.198% | $228K | $737K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2471 | +0.036% | $94K | $680K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2468 | −0.085% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2468 | −0.069% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2474 | +0.160% | $9K | $743K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2469 | −0.065% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2468 | −0.098% | $1.3M | $6.3M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2469 | −0.045% | $48.1M | $6.5M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2466 | −0.172% | $536K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2472 | +0.096% | $21K | $250 | 20x | as long as short |
| Hyperliquid ADA | +0.0131% | 1h | 0.2467 | −0.126% | $43.2M | $14.6M | 10x | as long as short |
| Lighter ADAlong | +0.0152% | 1h | 0.2470 | long leg | $2.4M | $1.1M | 10x | |
| Phoenix ADA | +0.0163% | 1h | 0.2477 | +0.287% | $4K | $90K | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2475 | +0.198% | $4.6M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0260% | 1h | 0.2468 | −0.086% | $6.3M | $12.8M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0279% | 1h | 0.2467 | −0.108% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0485% / S −0.0279% | 1h | 0.2467 | −0.125% | $108K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +2.4759% | 1h | 0.2529 | +2.376% | $597K | $443K | 50x | as long as short |
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
Extended ADA-USD
Paradex ADA-USD-PERP
Hyperliquid ADA
Phoenix ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL