Funding you earn now, next payment 07:00 UTC+0.0012%/8h= +1.3% APRnext payment +$0.01 per $10,000 · paid last 24h +0.001%
Price spread now: Lighter against Derive+0.168%305s7-day average — · you sell dearer than you buy
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 · farm boardneeds both histories
Both sides work for this trade now. Funding pays $0 a day on $10k at the current rate, and Lighter is 0.168% dearer against Derive than usual: you sell high and buy low: +$17 more if the spread goes back to zero (this spread has no 7-day history yet). The two prices were read 305 seconds apart, so part of this spread may be the market moving, not a spread.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Derive ADA-PERP | 0.2436 | 0.0100 | pay 0.0013% / 1h | 30m 54s | $39K | $4K | 5x |
| Short | Lighter ADA | 0.2440 | 0.0112 | get 0.0014% / 1h | 30m 54s | $2.4M | $1.0M | 10x |
Derive ADA-PERP
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Derive. 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
- $2.52
- Price spread: +0.168% → 0.000%
- $16.83
- Slippage, 4 orders
- no order book: not counted
- Fee Derive: 3 bp × 2 orders
- −$6
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- $13.35
- Costs to cover
- 0.060%
- Break-even
- from the start
Slippage unknown: Derive: no order-book sample; Lighter: live order book, 6 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 Derive no order-book sample | — | — | — | — | — |
| Sell Lighter live order book, 6 min ago | 3.49 bp | 3.6 bp −$4 | 12.9 bp −$129 | 44.6 bp −$4,462 | doesn't fit |
Derive: 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 37 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 | |
|---|---|---|---|---|---|---|---|---|
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2438 | +0.070% | $200K | $7.6M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2438 | +0.053% | $83K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +1.424% | $849 | $202K | 12x | as long as short |
| dYdX ADA-USD | +0.0062% | 1h | 0.2437 | +0.033% | $200K | $2K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2439 | +0.111% | $6K | $5K | 20x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2439 | +0.092% | $1.2M | $1.1M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2439 | +0.112% | $156K | $178K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2439 | +0.111% | $102.6M | $409.2M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2438 | +0.070% | $72.2M | $124.4M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2439 | +0.111% | $32.4M | $117.6M | 50x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
dYdX ADA-USD
Orderly PERP_ADA_USDC
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDT
OKX ADA-USDT-SWAPShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Gate ADA_USDT | +0.0100% | 8h | 0.2438 | +0.070% | $99.7M | $64.3M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2439 | +0.111% | $52.8M | $64.9M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2438 | +0.082% | $29.4M | $15.9M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2438 | +0.070% | $66.3M | $53.3M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2439 | +0.111% | — | $6.5M | — | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2435 | −0.050% | $4.1M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2439 | +0.099% | $65K | $287K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2439 | +0.111% | $291K | $3.9M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2442 | +0.234% | $80K | $891K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2439 | +0.103% | $128K | $1.3M | 10x | as long as short |
| Derive ADA-PERPlong | +0.0100% | 1h | 0.2436 | long leg | $39K | $4K | 5x | |
| SunX ADA-USDT | +0.0100% | 8h | 0.2441 | +0.193% | $8K | $762K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2439 | +0.090% | $335 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2439 | +0.110% | $1.3M | $7.0M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2438 | +0.070% | $47.3M | $7.4M | 50x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2437 | +0.046% | $512K | $1.8M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0106% | 8h | 0.2439 | +0.130% | $20K | $250 | 20x | as long as short |
| Lighter ADAshort | +0.0112% | 1h | 0.2440 | +0.168% | $2.4M | $1.0M | 10x | |
| Coinbase International ADA-PERP-INTX | +0.0120% | 1h | 0.2439 | +0.111% | $381K | $8.5M | 50x | as long as short |
| Backpack ADA_USDC_PERP | +0.0154% | 1h | 0.2439 | +0.119% | $138K | $483K | 15x | as long as short |
| Phoenix ADA | +0.0163% | 1h | 0.2440 | +0.140% | $4K | $111K | 10x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0171% | 1h | 0.2439 | +0.100% | $6.3M | $13.9M | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2441 | +0.193% | $4.4M | $5.8M | 75x | as long as short |
| Hyperliquid ADA | +0.0267% | 1h | 0.2440 | +0.160% | $42.8M | $18.2M | 10x | as long as short |
| Reya ADARUSDPERP | +0.0274% | 1h | 0.2439 | +0.091% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0611% | 1h | 0.2441 | +0.177% | $623K | $617K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0630% / S −0.0728% | 1h | 0.2438 | +0.073% | $164K | — | 100x | as long as short |
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Extended ADA-USD
Paradex ADA-USD-PERP
Coinbase International ADA-PERP-INTX
Backpack ADA_USDC_PERP
Phoenix ADA
Kraken Futures PF_ADAUSD
BloFin ADA-USDT
Hyperliquid ADA
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]