Funding you earn now, next payment 03:00 UTC−0.0116%/8h= −12.7% APRpaid last 24h −0.001%
Price spread now: KuCoin against Lighter−0.065%7-day average +0.025% · you buy dearer than you sell
Net, funding: paid 7d − costs−$31as in the Funding arb table
Net, price: spread back to 7d avg − costs−$49as in the Price arb table
costs, in and out, $10k−$400.398% of the position
Funding, last 7 days+0.093%+$9 on $10k
+Price spread, last 7 days+0.168%+$17 · spread now −0.065%, 7d avg +0.025%
=Together, before fees+0.261%+ Points / potential airdropLighter: Season 3 · farm board+$26 on $10k · with fees, hour by hour
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and KuCoin is 0.090% cheaper against Lighter than usual: you would sell low and buy high (−$9 if the spread goes back to its 7-day average of +0.025%). Swap the legs. Mind the row above: over the last 7 days funding on this pair paid +0.093%, so the current rate has only just turned against you.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2475 | 0.0216 | pay 0.0027% / 1h | 28m 14s | $2.5M | $1.0M | 10x |
| Short | KuCoin ADAUSDTM | 0.2474 | 0.0100 | get 0.0100% / 8h | 5h 28m | $29.8M | $16.0M | 75x |
Lighter ADA
KuCoin ADAUSDTMFunding history
latest
Range statsloading…
Price spread between the two exchanges
KuCoin 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
- −$24.36
- Price spread: −0.065% → +0.025%
- −$9
- Slippage, 4 orders
- −$27.83
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Net
- −$73.19
- Costs to cover
- 0.398%
- Break-even
- never at this rate
Slippage from Lighter: live order book, 4 min ago; KuCoin: live order book, 11 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, 4 min ago | 2.62 bp | 5.9 bp −$6 | 14.3 bp −$143 | doesn't fit | doesn't fit |
| Sell KuCoin live order book, 11 min ago | 3.24 bp | 11.6 bp −$12 | 18.9 bp −$189 | 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 | 0.2471 | −0.158% | $203K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2470 | −0.205% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.178% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0056% | 1h | 0.2473 | −0.097% | $412K | $7.6M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2474 | −0.069% | $43.0M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2472 | −0.152% | $1.2M | $993K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2472 | −0.128% | $159K | $161K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2474 | −0.040% | $104.7M | $371.6M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2472 | −0.137% | $72.5M | $109.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2474 | −0.057% | $32.9M | $106.4M | 50x | as long as short |
dYdX ADA-USD
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Hyperliquid ADA
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 | 0.2472 | −0.137% | $99.1M | $59.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2473 | −0.097% | $55.8M | $57.7M | 300x | as long as short |
| KuCoin ADAUSDTMshort | +0.0100% | 8h | 0.2474 | −0.065% | $29.8M | $16.0M | 75x | |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2473 | −0.097% | $66.3M | $48.5M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.097% | — | $20.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2473 | −0.081% | $129K | $424K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2478 | +0.105% | $4.3M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2477 | +0.059% | $66K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2479 | +0.133% | $297K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2478 | +0.105% | $229K | $734K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2471 | −0.186% | $96K | $676K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2471 | −0.178% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2472 | −0.157% | $40K | $2K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.098% | $9K | $748K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2473 | −0.097% | $340 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2470 | −0.218% | $1.3M | $6.2M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2473 | −0.097% | $48.1M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2473 | −0.105% | $537K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0107% | 8h | 0.2473 | −0.097% | $147K | $6.3M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0109% | 8h | 0.2472 | −0.133% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2480 | +0.202% | $4K | $90K | 10x | as long as short |
| Lighter ADAlong | +0.0216% | 1h | 0.2475 | long leg | $2.5M | $1.0M | 10x | |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2479 | +0.145% | $4.5M | $5.8M | 75x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0260% | 1h | 0.2474 | −0.074% | $6.3M | $12.5M | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2471 | −0.162% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0417% / S −0.0202% | 1h | 0.2470 | −0.209% | $96K | — | 100x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0599% | 1h | 0.2475 | −0.020% | $585K | $444K | 50x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
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
Extended ADA-USD
Kalshi KXADAPERP
Paradex ADA-USD-PERP
Phoenix ADA
BloFin ADA-USDT
Kraken Futures PF_ADAUSD
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]
Deribit ADA_USDC-PERPETUAL