ADA

Alert

Funding spread now, next payment 17:00 UTC−0.0004%/8h

paid, last 24h−0.001%paid, last 5 days−0.101%to open and closeno order book

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Orderly PERP_ADA_USDC	0.2453	0.0100	pay 0.0100% / 8h	7h 57m	$6K	$36K	20x
Short	Lighter ADA	0.2456	0.0096	get 0.0012% / 1h	57m 53s	$2.3M	$982K	10x

Funding history

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Funding on every exchange

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Profit calculator

Position, each leg$Hold fordaysFee OrderlybpFee LighterbpOrdersRate

Funding earned: −$0.84
Slippage, 4 orders: no order book: not counted
Fee Orderly: 3 bp × 2 orders: −$6
Fee Lighter: 0 bp × 2 orders: $0
Net: −$6.84
Break-even: never at this rate

Slippage unknown: Orderly: no order-book sample; Lighter: live order book, 6 min ago. Net counts fees only.

Price risk

price view

Price gap now: +0.106%
Avg gap 7d: —

A gap far from its average can cost days of funding.

Backtest

opened in the past, held until now, after costs

Backtest 7 days Backtest 30 days Backtest 90 daysopens the backtester with this pair and $10,000 a leg

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 Orderly no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	2.65 bp	3.1 bp −$3	12.5 bp −$125	49.2 bp −$4,918	doesn't fit

Orderly: 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.

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
dYdX ADA-USD	0.0000%	1h	$203K	$2K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	$99K	$5.8M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	$89K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	$832	$124K	12x	as long as short
Phoenix ADA	+0.0066%	1h	$4K	$102K	10x	as long as short
Lighter ADAshort	+0.0096%	1h	$2.3M	$982K	10x
Hyperliquid ADA	+0.0100%	1h	$42.4M	$16.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	$1.1M	$1.3M	75x	as long as short
Pacifica ADA	+0.0100%	1h	$161K	$180K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	$102.0M	$367.2M	75x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	OI	Vol 24h	Max lev
Bybit ADAUSDT	+0.0100%	8h	$71.7M	$112.1M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	$32.2M	$109.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	$95.4M	$55.4M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	$51.9M	$62.4M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	$30.1M	$21.2M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	$64.7M	$47.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	—	$6.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	$103K	$432K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	$4.2M	$1.0M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	$65K	$278K	20x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	$228K	$451K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	$94K	$735K	10x	as long as short
Orderly PERP_ADA_USDClong	+0.0100%	8h	$6K	$36K	20x
Derive ADA-PERP	+0.0100%	1h	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	$9K	$808K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	$338	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	$1.3M	$5.2M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	$47.9M	$5.9M	50x	as long as short
Paradex ADA-USD-PERP	+0.0100%	8h	$21K	$250	20x	as long as short
Extended ADA-USD	+0.0104%	1h	$608K	$1.7M	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0112%	1h	$445K	$6.9M	50x	as long as short
Kraken Futures PF_ADAUSD	+0.0139%	1h	$6.0M	$11.3M	50x	as long as short
BloFin ADA-USDT	+0.0220%	8h	$4.5M	$6.3M	75x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0280%	1h	$471K	$423K	50x	as long as short
Reya ADARUSDPERP	+0.0294%	1h	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0535% / S −0.0286%	1h	$115K	—	100x	as long as short