Funding you earn now, next payment 11:00 UTC+0.0096%/8h= +10.5% APRnext payment +$0.12 per $10,000 · paid last 24h +0.021%
Price spread now: Lighter against dYdX−0.005%118s7-day average +0.040% · you buy dearer than you sell
Net, funding: paid 7d − costs−$224as in the Funding arb table
Net, price: spread back to 7d avg − costs—prices read too far apart to compare
costs, in and out, $10k−$2232.235% of the position
Funding, last 7 days−0.001%$0 on $10k
+Price spread, last 4 days (all we have)+0.075%+$7 · spread now −0.005%, 7d avg +0.040%
=Together, before fees+0.073%+ Points / potential airdropLighter: Season 3 · farm board+$7 on $10k · with fees, hour by hour
Funding pays, the price is against you. Lighter is 0.045% cheaper against dYdX than usual: you would sell low and buy high (spread −0.005% now, against its 7-day average of +0.040%). If the spread goes back, that is −$4 on $10k: about 37 hours of funding at the current rate (+$3 a day). The two prices were read 118 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 | dYdX ADA-USD | 0.2474 | 0 | get 0.0000% / 1h | 55m 33s | $207K | $5K | 10x |
| Short | Lighter ADA | 0.2474 | 0.0096 | get 0.0012% / 1h | 55m 33s | $2.4M | $934K | 10x |
dYdX ADA-USD
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against dYdX. 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
- $20.16
- Price spread: −0.005% → +0.040%
- −$4.46
- Slippage, 4 orders
- −$213.49
- Fee dYdX: 5 bp × 2 orders
- −$10
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$207.8
- Costs to cover
- 2.235%
- Break-even
- 79.2 days
Slippage from dYdX: live order book, 56 min ago; Lighter: live order book, 5 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 dYdX live order book, 56 min ago | 101.26 bp | 106.3 bp −$106 | 164.6 bp −$1,646 | 177.0 bp −$17.7K | 184.3 bp −$92.1K |
| Sell Lighter live order book, 5 min ago | 2.62 bp | 6.1 bp −$6 | 15.1 bp −$151 | doesn't fit | doesn't fit |
ADA on 36 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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USDlong | 0.0000% | 1h | 0.2474 | long leg | $207K | $5K | 10x | |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2473 | −0.037% | $233K | $7.7M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2474 | +0.010% | $85K | — | 150x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0031% | 1h | 0.2472 | −0.081% | $6.3M | $13.2M | 50x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | −0.118% | $849 | $202K | 12x | as long as short |
| Lighter ADAshort | +0.0096% | 1h | 0.2474 | −0.005% | $2.4M | $934K | 10x | |
| Aster ADAUSDT | +0.0100% | 8h | 0.2473 | −0.037% | $1.2M | $1.2M | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2473 | −0.030% | $158K | $151K | 10x | as long as short |
| Binance ADAUSDT | +0.0100% | 8h | 0.2473 | −0.018% | $106.1M | $381.4M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2472 | −0.077% | $74.4M | $121.5M | 75x | as long as short |
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Kraken Futures PF_ADAUSD
Injective ADA/USDC PERP
Aster ADAUSDT
Pacifica ADA
Binance ADAUSDT
Bybit ADAUSDTShow all 36 exchanges
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2474 | +0.004% | $32.7M | $108.1M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2472 | −0.077% | $101.8M | $59.7M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2472 | −0.077% | $49.7M | $67.7M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2473 | −0.053% | $29.6M | $15.4M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2473 | −0.037% | $67.6M | $50.1M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2473 | −0.037% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2473 | −0.049% | $140K | $451K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2472 | −0.083% | $4.2M | $1.1M | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2475 | +0.025% | $66K | $289K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2478 | +0.172% | $290K | $3.6M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2478 | +0.165% | $71K | $896K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2471 | −0.122% | $118K | $1.3M | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2471 | −0.118% | $6K | $4K | 20x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.038% | $8K | $674K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2472 | −0.057% | $340 | $6K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2473 | −0.055% | $1.3M | $6.8M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2473 | −0.037% | $47.7M | $7.5M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2473 | −0.038% | $20K | $589 | 20x | as long as short |
| Extended ADA-USD | +0.0104% | 1h | 0.2473 | −0.050% | $545K | $1.7M | 50x | as long as short |
| Hyperliquid ADA | +0.0115% | 1h | 0.2475 | +0.036% | $44.1M | $17.6M | 10x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0176% | 1h | 0.2473 | −0.037% | $404K | $8.0M | 50x | as long as short |
| Phoenix ADA | +0.0192% | 1h | 0.2482 | +0.335% | $3K | $103K | 10x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0195% | 1h | 0.2472 | −0.069% | $615K | $791K | 50x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2474 | +0.004% | $4.6M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0270% | 1h | 0.2471 | −0.105% | $1K | — | 15x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0369% / S −0.0295% | 1h | 0.2472 | −0.092% | $88K | — | 100x | as long as short |
OKX ADA-USDT-SWAP
Gate ADA_USDT
MEXC ADA_USDT
KuCoin ADAUSDTM
Bitget ADAUSDT
BingX ADA-USDC
Backpack ADA_USDC_PERP
Variational Omni ADA
edgeX ADAUSDC
GRVT ADA_USDT_Perp
ApeX Omni ADAUSDT
Polymarket Perps ADA-USD
Orderly PERP_ADA_USDC
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
Phoenix ADA
Deribit ADA_USDC-PERPETUAL
BloFin ADA-USDT
Reya ADARUSDPERP
GMX ADA/USD [WBTC.b-USDC]