Funding you earn now, next payment 02:00 UTC−0.0086%/8h= −9.4% APRpaid last 24h 0.000%
Price spread now: Paradex against Lighter−0.129%7-day average — · you buy dearer than you sell
to open and closeno order booka leg has no order-book sample
Funding, last 4 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 · Paradex: Active · farm boardneeds both histories
Both sides work against this trade now: funding costs −$3 a day on $10k at the current rate, and Paradex is 0.129% cheaper against Lighter than usual: you would sell low and buy high (−$13 if the spread goes back to zero (this spread has no 7-day history yet)). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2458 | 0.0192 | pay 0.0024% / 1h | 18m 57s | $2.4M | $1.0M | 10x |
| Short | Paradex ADA-USD-PERP | 0.2455 | 0.0106 | get 0.0106% / 8h | 6h 18m | $21K | $250 | 20x |
Lighter ADA
Paradex ADA-USD-PERPFunding history
latest
Range statsloading…
Price spread between the two exchanges
Paradex 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
- −$18.12
- Price spread: −0.129% → 0.000%
- −$12.91
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Paradex: 2 bp × 2 orders
- −$4
- Net
- −$35.03
- Costs to cover
- 0.040%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 3 min ago; Paradex: 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, 3 min ago | 2.44 bp | 6.2 bp −$6 | 14.9 bp −$149 | 47.5 bp −$4,746 | doesn't fit |
| Sell Paradex no order-book sample | — | — | — | — | — |
Paradex: 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2452 | −0.232% | $202K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2453 | −0.191% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.541% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2453 | −0.191% | $405K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2458 | +0.024% | $42.8M | $14.4M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2457 | −0.039% | $1.2M | $970K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2453 | −0.200% | $157K | $157K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2460 | +0.093% | $103.1M | $371.9M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2458 | +0.012% | $72.2M | $108.3M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2459 | +0.053% | $32.6M | $107.5M | 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 36 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2458 | +0.012% | $98.0M | $60.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2459 | +0.053% | $58.6M | $52.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2459 | +0.033% | $29.9M | $17.6M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2459 | +0.053% | $65.8M | $47.0M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2459 | +0.053% | — | $20.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2458 | −0.004% | $127K | $413K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2456 | −0.067% | $4.2M | $992K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2457 | −0.015% | $65K | $283K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2459 | +0.062% | $300K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2457 | −0.028% | $56K | $588K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2455 | −0.094% | $93K | $669K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2455 | −0.110% | $6K | $27K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2456 | −0.083% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2457 | −0.031% | $9K | $761K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2456 | −0.069% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2455 | −0.096% | $1.3M | $5.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2455 | −0.110% | $47.8M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2458 | +0.026% | $532K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERPshort | +0.0106% | 8h | 0.2455 | −0.129% | $21K | $250 | 20x | |
| Kalshi KXADAPERP | +0.0110% | 8h | 0.2454 | −0.151% | $163K | $6.3M | 3.2x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2453 | −0.175% | $4K | $87K | 10x | as long as short |
| Lighter ADAlong | +0.0192% | 1h | 0.2458 | long leg | $2.4M | $1.0M | 10x | |
| Reya ADARUSDPERP | +0.0281% | 1h | 0.2455 | −0.090% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0320% | 1h | 0.2456 | −0.061% | $502K | $470K | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0354% | 1h | 0.2455 | −0.090% | $6.2M | $12.1M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0416% / S −0.0202% | 1h | 0.2453 | −0.188% | $95K | — | 100x | as long as short |
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
Extended ADA-USD
Kalshi KXADAPERP
Phoenix ADA
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]