Funding arb · Price arb /

ADA

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 02:00 UTC+0.0084%/8h= +9.2% APRpaid last 24h 0.000%

Price spread now: Lighter against Binance−0.107%7-day average −0.031% · you buy dearer than you sell

Net, funding: paid 7d − costs−$34as in the Funding arb table

Net, price: spread back to 7d avg − costs−$32as in the Price arb table

costs, in and out, $10k−$240.241% of the position

Long on Binance Short on Lighter

What this pair did over the last

the charts below follow

Funding, last 7 days−0.100%−$10 on $10k

Price spread, last 7 days+0.044%+$4 · spread now −0.107%, 7d avg −0.031%

Together, before fees−0.055%+ Points / potential airdropLighter: Season 3 · farm board−$6 on $10k · with fees, hour by hour

Funding pays, the price is against you. Lighter is 0.077% cheaper against Binance than usual: you would sell low and buy high (spread −0.107% now, against its 7-day average of −0.031%). If the spread goes back, that is −$8 on $10k: about 3.0 days of funding at the current rate (+$3 a day). Mind the row above: over the last 7 days funding on this pair cost −0.100%, so the current rate has only just turned in your favour.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	Binance ADAUSDT	0.2454	0.0100	pay 0.0100% / 8h	6h 20m	$102.9M	$371.9M	75x
Short	Lighter ADA	0.2451	0.0184	get 0.0023% / 1h	20m 02s	$2.4M	$1.0M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against Binance. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee BinancebpFee LighterbpOrdersPrice spread, now −0.107%Rate

Funding earned: $17.64
Price spread: −0.107% → −0.031%: −$7.67
Slippage, 4 orders: −$14.07
Fee Binance: 5 bp × 2 orders: −$10
Fee Lighter: 0 bp × 2 orders: $0
Net: −$14.1
Costs to cover: 0.241%
Break-even: 12.6 days

Slippage from Binance: live order book, 9 min ago; Lighter: live order book, 2 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 Binance live order book, 9 min ago	2.03 bp	7.0 bp −$7	10.9 bp −$109	25.3 bp −$2,532	91.9 bp −$45.9K
Sell Lighter live order book, 2 min ago	2.44 bp	3.8 bp −$4	16.4 bp −$164	49.9 bp −$4,993	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	0.2448	−0.223%	$201K	$3K	10x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2448	−0.223%	$84K	—	150x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.700%	$849	$202K	12x	as long as short
Coinbase International ADA-PERP-INTX	+0.0048%	1h	0.2462	+0.333%	$406K	$7.4M	50x	as long as short
Hyperliquid ADA	+0.0100%	1h	0.2451	−0.124%	$42.7M	$14.4M	10x	as long as short
Aster ADAUSDT	+0.0100%	8h	0.2449	−0.184%	$1.2M	$969K	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2450	−0.144%	$159K	$156K	10x	as long as short
Binance ADAUSDTlong	+0.0100%	8h	0.2454	long leg	$102.9M	$371.9M	75x
Bybit ADAUSDT	+0.0100%	8h	0.2454	+0.007%	$72.0M	$108.2M	75x	as long as short
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2455	+0.048%	$32.5M	$107.3M	50x	as long as short

Show all 36 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Gate ADA_USDT	+0.0100%	8h	0.2449	−0.197%	$97.7M	$60.1M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2455	+0.048%	$58.5M	$52.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2454	+0.019%	$29.9M	$17.6M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2454	+0.007%	$65.7M	$47.0M	75x	as long as short
BingX ADA-USDC	+0.0100%	8h	0.2453	−0.034%	—	$6.6M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2451	−0.111%	$126K	$412K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2456	+0.090%	$4.2M	$992K	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2461	+0.275%	$65K	$282K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2459	+0.219%	$300K	$3.8M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2462	+0.333%	$56K	$588K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2449	−0.201%	$93K	$669K	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2449	−0.197%	$6K	$27K	20x	as long as short
Derive ADA-PERP	+0.0100%	1h	0.2450	−0.156%	$40K	$3K	5x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2450	−0.158%	$9K	$762K	30x	as long as short
SoDEX ADA-USD	+0.0100%	1h	0.2450	−0.177%	$337	$13K	10x	as long as short
HTX ADA-USDT	+0.0100%	8h	0.2448	−0.253%	$1.3M	$5.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2449	−0.197%	$47.7M	$6.3M	50x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2454	+0.021%	$532K	$1.8M	50x	as long as short
Paradex ADA-USD-PERP	+0.0106%	8h	0.2450	−0.161%	$21K	$250	20x	as long as short
Kalshi KXADAPERP	+0.0111%	8h	0.2451	−0.115%	$163K	$6.3M	3.2x	as long as short
Phoenix ADA	+0.0163%	1h	0.2470	+0.639%	$4K	$87K	10x	as long as short
Lighter ADAshort	+0.0184%	1h	0.2451	−0.107%	$2.4M	$1.0M	10x
Deribit ADA_USDC-PERPETUAL	+0.0240%	1h	0.2450	−0.156%	$501K	$470K	50x	as long as short
Reya ADARUSDPERP	+0.0281%	1h	0.2449	−0.197%	$1K	—	15x	as long as short
Kraken Futures PF_ADAUSD	+0.0355%	1h	0.2449	−0.212%	$6.2M	$12.1M	50x	as long as short
GMX ADA/USD [WBTC.b-USDC]	L +0.0415% / S −0.0202%	1h	0.2449	−0.204%	$95K	—	100x	as long as short