Funding you earn now, next payment 12:00 UTC−0.0004%/8h= −0.4% APRpaid last 24h +0.001%
Price spread now: Lighter against Bybit+0.045%7-day average −0.006% · you sell dearer than you buy
Net, funding: paid 7d − costs−$37as in the Funding arb table
Net, price: spread back to 7d avg − costs−$20as in the Price arb table
costs, in and out, $10k−$250.255% of the position
Funding, last 7 days−0.114%−$11 on $10k
+Price spread, last 7 days−0.090%−$9 · spread now +0.045%, 7d avg −0.006%
=Together, before fees−0.204%+ Points / potential airdropLighter: Season 3 · farm board−$20 on $10k · with fees, hour by hour
Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Lighter is 0.051% dearer against Bybit than usual: you sell high and buy low, +$5 on $10k if it goes back to its 7-day average of −0.006%.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Bybit ADAUSDT | 0.2449 | 0.0100 | pay 0.0100% / 8h | 4h 48m | $74.5M | $122.1M | 75x |
| Short | Lighter ADA | 0.2450 | 0.0096 | get 0.0012% / 1h | 48m 45s | $2.4M | $925K | 10x |
Bybit ADAUSDT
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Bybit. 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
- −$0.84
- Price spread: +0.045% → −0.006%
- $5.12
- Slippage, 4 orders
- −$14.48
- Fee Bybit: 5.5 bp × 2 orders
- −$11
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$21.2
- Costs to cover
- 0.255%
- Break-even
- never at this rate
Slippage from Bybit: live order book, 3 min ago; Lighter: live order book, 6 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 Bybit live order book, 3 min ago | 2.05 bp | 7.5 bp −$8 | 11.2 bp −$112 | 32.1 bp −$3,214 | 190.9 bp −$95.5K |
| Sell Lighter live order book, 6 min ago | 2.45 bp | 6.5 bp −$6 | 14.0 bp −$140 | 49.8 bp −$4,975 | doesn't fit |
ADA on 37 exchanges
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 | |
|---|---|---|---|---|---|---|---|---|
| Kraken Futures PF_ADAUSD | −0.0105% | 1h | 0.2439 | −0.426% | $6.2M | $12.8M | 50x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2438 | −0.449% | $205K | $7.8M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2437 | −0.480% | $83K | — | 150x | as long as short |
| dYdX ADA-USD | +0.0023% | 1h | 0.2447 | −0.068% | $206K | $6K | 10x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.898% | $849 | $202K | 12x | as long as short |
| Lighter ADAshort | +0.0096% | 1h | 0.2450 | +0.045% | $2.4M | $925K | 10x | |
| Phoenix ADA | +0.0098% | 1h | 0.2445 | −0.159% | $2K | $102K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2449 | +0.003% | $1.2M | $1.0M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2449 | +0.012% | $157K | $150K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2450 | +0.041% | $105.1M | $376.1M | 75x | as long as short |
Kraken Futures PF_ADAUSD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
dYdX ADA-USD
Injective ADA/USDC PERP
Phoenix ADA
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDTShow all 37 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Bybit ADAUSDTlong | +0.0100% | 8h | 0.2449 | long leg | $74.5M | $122.1M | 75x | |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2450 | +0.041% | $32.2M | $104.3M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2445 | −0.163% | $101.2M | $58.1M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2449 | 0.000% | $51.0M | $69.3M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2449 | +0.004% | $29.3M | $14.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2449 | 0.000% | $67.2M | $49.2M | 75x | as long as short |
| BingX ADA-USDT | +0.0100% | 8h | 0.2449 | 0.000% | — | $18.1M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2443 | −0.257% | $136K | $445K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2443 | −0.251% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2445 | −0.166% | $65K | $291K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2445 | −0.155% | $292K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2446 | −0.122% | $67K | $898K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2443 | −0.249% | $91K | $1.5M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2438 | −0.449% | $6K | $5K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2440 | −0.377% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2440 | −0.366% | $8K | $657K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2445 | −0.184% | $336 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2440 | −0.376% | $1.3M | $6.7M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2441 | −0.327% | $47.1M | $7.4M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0100% | 8h | 0.2449 | +0.009% | $19K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2445 | −0.156% | $540K | $1.7M | 50x | as long as short |
| Hyperliquid ADA | +0.0131% | 1h | 0.2450 | +0.020% | $43.6M | $17.2M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0216% | 1h | 0.2438 | −0.449% | $403K | $7.7M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2437 | −0.490% | $4.6M | $5.4M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0268% | 1h | 0.2443 | −0.235% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0365% | 1h | 0.2439 | −0.404% | $569K | $837K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0367% / S −0.0294% | 1h | 0.2438 | −0.436% | $86K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
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
Paradex ADA-USD-PERP
Extended ADA-USD
Hyperliquid ADA
Coinbase International ADA-PERP-INTX
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]