Funding you earn now, next payment 02:00 UTC−0.0100%/8h= −10.9% APRpaid last 24h 0.000%
Price spread now: Variational Omni against Lighter−0.103%7-day average +0.018% · 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)+0.002%$0 on $10k
+Price spread, last 7 days+0.145%+$15 · spread now −0.103%, 7d avg +0.018%
=Together, before fees+0.147%+ Points / potential airdropLighter: Season 3 · Variational Omni: Active · farm board+$15 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 Variational Omni is 0.120% cheaper against Lighter than usual: you would sell low and buy high (−$12 if the spread goes back to its 7-day average of +0.018%). Swap the legs.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Lighter ADA | 0.2459 | 0.0200 | pay 0.0025% / 1h | 0m 21s | $2.4M | $1.0M | 10x |
| Short | Variational Omni ADA | 0.2456 | 0.0100 | get 0.0100% / 8h | 6h 00m | $4.2M | $991K | — |
Lighter ADA
Variational Omni ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Variational Omni 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
- −$21
- Price spread: −0.103% → +0.018%
- −$12.04
- Slippage, 4 orders
- no order book: not counted
- Fee Lighter: 0 bp × 2 orders
- $0
- Fee Variational Omni: 0 bp × 2 orders
- $0
- Net
- −$33.04
- Costs to cover
- 0.000%
- Break-even
- never at this rate
Slippage unknown: Lighter: live order book, 7 min ago; Variational Omni: RFQ quote, 4 min ago. 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, 7 min ago | 2.44 bp | 5.7 bp −$6 | 10.6 bp −$106 | 38.6 bp −$3,860 | doesn't fit |
| Sell Variational Omni RFQ quote, 4 min ago | 8.11 bp | doesn't fit | 12.2 bp −$122 | doesn't fit | doesn't fit |
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 | 0.2455 | −0.153% | $202K | $3K | 10x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2453 | −0.211% | $84K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.504% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0048% | 1h | 0.2457 | −0.065% | $410K | $7.4M | 50x | as long as short |
| Hyperliquid ADA | +0.0100% | 1h | 0.2457 | −0.065% | $42.8M | $14.3M | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2456 | −0.096% | $1.2M | $983K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2457 | −0.073% | $158K | $159K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2455 | −0.146% | $103.0M | $367.5M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2454 | −0.187% | $72.3M | $107.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2454 | −0.187% | $32.7M | $105.9M | 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 | 0.2454 | −0.187% | $98.5M | $60.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2455 | −0.146% | $63.9M | $55.2M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2456 | −0.114% | $29.9M | $17.0M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2454 | −0.187% | $65.7M | $47.3M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2455 | −0.146% | — | $20.3M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2457 | −0.077% | $132K | $412K | 15x | as long as short |
| Variational Omni ADAshort | +0.0100% | 8h | 0.2456 | −0.103% | $4.2M | $991K | — | |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2462 | +0.139% | $65K | $284K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2461 | +0.115% | $288K | $3.8M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2463 | +0.179% | $56K | $590K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2456 | −0.118% | $94K | $671K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2454 | −0.187% | $6K | $6K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2455 | −0.160% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2457 | −0.068% | $9K | $749K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2457 | −0.045% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2455 | −0.161% | $1.3M | $5.9M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2457 | −0.065% | $47.8M | $6.3M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2455 | −0.129% | $534K | $1.8M | 50x | as long as short |
| Kalshi KXADAPERP | +0.0106% | 8h | 0.2456 | −0.106% | $139K | $6.2M | 3.2x | as long as short |
| Paradex ADA-USD-PERP | +0.0107% | 8h | 0.2457 | −0.076% | $21K | $250 | 20x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2461 | +0.114% | $4K | $87K | 10x | as long as short |
| Lighter ADAlong | +0.0200% | 1h | 0.2459 | long leg | $2.4M | $1.0M | 10x | |
| Deribit ADA_USDC-PERPETUAL | +0.0279% | 1h | 0.2457 | −0.053% | $502K | $470K | 50x | as long as short |
| Reya ADARUSDPERP | +0.0280% | 1h | 0.2453 | −0.208% | $1K | — | 15x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0354% | 1h | 0.2456 | −0.094% | $6.2M | $12.1M | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0416% / S −0.0202% | 1h | 0.2453 | −0.226% | $95K | — | 100x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDT
Backpack ADA_USDC_PERP
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
Deribit ADA_USDC-PERPETUAL
Reya ADARUSDPERP
Kraken Futures PF_ADAUSD
GMX ADA/USD [WBTC.b-USDC]