Funding you earn now, next payment 01:00 UTC−0.0008%/8h= −0.9% APRnext payment −$0.01 per $10,000 · paid last 24h +0.008%
Price spread now: Lighter against Extended+0.053%7-day average +0.055% · you sell dearer than you buy
Net, funding: paid 7d − costs−$28as in the Funding arb table
Net, price: spread back to 7d avg − costs−$21as in the Price arb table
costs, in and out, $10k−$210.205% of the position
Funding, last 7 days−0.079%−$8 on $10k
+Price spread, last 4 days (all we have)+0.040%+$4 · spread now +0.053%, 7d avg +0.055%
=Together, before fees−0.039%+ Points / potential airdropExtended: Active · Lighter: Season 3 · farm board−$4 on $10k · with fees, hour by hour
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | Extended ADA-USD | 0.2462 | 0.0104 | pay 0.0013% / 1h | 36m 23s | $553K | $1.8M | 50x |
| Short | Lighter ADA | 0.2463 | 0.0096 | get 0.0012% / 1h | 36m 23s | $2.5M | $1.1M | 10x |
Extended ADA-USD
Lighter ADAFunding history
latest
Range statsloading…
Price spread between the two exchanges
Lighter against Extended. 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
- −$1.68
- Price spread: +0.053% → +0.055%
- −$0.13
- Slippage, 4 orders
- −$15.54
- Fee Extended: 2.5 bp × 2 orders
- −$5
- Fee Lighter: 0 bp × 2 orders
- $0
- Net
- −$22.35
- Costs to cover
- 0.205%
- Break-even
- never at this rate
Slippage from Extended: live order book, 2 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 Extended live order book, 2 min ago | 2.04 bp | 4.5 bp −$5 | 7.6 bp −$76 | doesn't fit | doesn't fit |
| Sell Lighter live order book, 6 min ago | 3.06 bp | 5.6 bp −$6 | 15.7 bp −$157 | 46.9 bp −$4,687 | doesn't fit |
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 | |
|---|---|---|---|---|---|---|---|---|
| dYdX ADA-USD | 0.0000% | 1h | 0.2460 | −0.066% | $202K | $4K | 10x | as long as short |
| Kalshi KXADAPERP | 0.0000% | 8h | 0.2457 | −0.202% | $195K | $6.1M | 3.2x | as long as short |
| gTrade (Gains Network) ADA/USD | L +0.0005% / S −0.0003% | 1h | 0.2461 | −0.058% | $85K | — | 150x | as long as short |
| Injective ADA/USDC PERP | +0.0033% | 1h | 0.2471 | +0.366% | $849 | $202K | 12x | as long as short |
| Coinbase International ADA-PERP-INTX | +0.0040% | 1h | 0.2455 | −0.284% | $412K | $7.2M | 50x | as long as short |
| Kraken Futures PF_ADAUSD | +0.0047% | 1h | 0.2458 | −0.146% | $6.2M | $11.6M | 50x | as long as short |
| Lighter ADAshort | +0.0096% | 1h | 0.2463 | +0.053% | $2.5M | $1.1M | 10x | |
| Phoenix ADA | +0.0098% | 1h | 0.2454 | −0.332% | $4K | $84K | 10x | as long as short |
| Aster ADAUSDT | +0.0100% | 8h | 0.2462 | +0.001% | $1.2M | $944K | 75x | as long as short |
| Pacifica ADA | +0.0100% | 1h | 0.2462 | +0.007% | $158K | $145K | 10x | as long as short |
dYdX ADA-USD
Kalshi KXADAPERP
gTrade (Gains Network) ADA/USD
Injective ADA/USDC PERP
Coinbase International ADA-PERP-INTX
Kraken Futures PF_ADAUSD
Phoenix ADA
Aster ADAUSDT
Pacifica ADAShow all 37 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Binance ADAUSDT | +0.0100% | 8h | 0.2462 | +0.007% | $101.9M | $363.7M | 75x | as long as short |
| Bybit ADAUSDT | +0.0100% | 8h | 0.2461 | −0.040% | $72.1M | $103.5M | 75x | as long as short |
| OKX ADA-USDT-SWAP | +0.0100% | 8h | 0.2463 | +0.041% | $32.5M | $106.8M | 50x | as long as short |
| Gate ADA_USDT | +0.0100% | 8h | 0.2461 | −0.040% | $97.9M | $58.5M | 75x | as long as short |
| MEXC ADA_USDT | +0.0100% | 8h | 0.2460 | −0.081% | $52.9M | $51.0M | 300x | as long as short |
| KuCoin ADAUSDTM | +0.0100% | 8h | 0.2462 | −0.020% | $30.2M | $17.8M | 75x | as long as short |
| Bitget ADAUSDT | +0.0100% | 8h | 0.2462 | +0.001% | $66.2M | $43.9M | 75x | as long as short |
| BingX ADA-USDC | +0.0100% | 8h | 0.2461 | −0.040% | — | $6.5M | — | as long as short |
| Backpack ADA_USDC_PERP | +0.0100% | 1h | 0.2460 | −0.076% | $116K | $416K | 15x | as long as short |
| Variational Omni ADA | +0.0100% | 8h | 0.2451 | −0.441% | $4.2M | $944K | — | as long as short |
| edgeX ADAUSDC | +0.0100% | 4h | 0.2452 | −0.391% | $65K | $281K | 20x | as long as short |
| GRVT ADA_USDT_Perp | +0.0100% | 8h | 0.2453 | −0.365% | $296K | $3.7M | 10x | as long as short |
| ApeX Omni ADAUSDT | +0.0100% | 1h | 0.2455 | −0.284% | $55K | $583K | 50x | as long as short |
| Polymarket Perps ADA-USD | +0.0100% | 1h | 0.2461 | −0.044% | $93K | $645K | 10x | as long as short |
| Orderly PERP_ADA_USDC | +0.0100% | 8h | 0.2461 | −0.040% | $6K | $29K | 20x | as long as short |
| Derive ADA-PERP | +0.0100% | 1h | 0.2458 | −0.168% | $40K | $3K | 5x | as long as short |
| SunX ADA-USDT | +0.0100% | 8h | 0.2456 | −0.243% | $9K | $763K | 30x | as long as short |
| SoDEX ADA-USD | +0.0100% | 1h | 0.2458 | −0.162% | $338 | $13K | 10x | as long as short |
| HTX ADA-USDT | +0.0100% | 8h | 0.2459 | −0.139% | $1.3M | $5.5M | 75x | as long as short |
| Phemex ADAUSDT | +0.0100% | 8h | 0.2458 | −0.162% | $48.0M | $5.9M | 50x | as long as short |
| Paradex ADA-USD-PERP | +0.0101% | 8h | 0.2463 | +0.031% | $21K | $250 | 20x | as long as short |
| Extended ADA-USDlong | +0.0104% | 1h | 0.2462 | long leg | $553K | $1.8M | 50x | |
| Hyperliquid ADA | +0.0105% | 1h | 0.2463 | +0.053% | $42.9M | $14.3M | 10x | as long as short |
| BloFin ADA-USDT | +0.0220% | 8h | 0.2456 | −0.243% | $4.4M | $5.5M | 75x | as long as short |
| Reya ADARUSDPERP | +0.0283% | 1h | 0.2461 | −0.039% | $1K | — | 15x | as long as short |
| Deribit ADA_USDC-PERPETUAL | +0.0523% | 1h | 0.2459 | −0.117% | $494K | $435K | 50x | as long as short |
| GMX ADA/USD [WBTC.b-USDC] | L +0.0625% / S −0.0393% | 1h | 0.2460 | −0.065% | $142K | — | 100x | as long as short |
Binance ADAUSDT
Bybit ADAUSDT
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
Derive ADA-PERP
SunX ADA-USDT
SoDEX ADA-USD
HTX ADA-USDT
Phemex ADAUSDT
Paradex ADA-USD-PERP
Hyperliquid ADA
BloFin ADA-USDT
Reya ADARUSDPERP
Deribit ADA_USDC-PERPETUAL
GMX ADA/USD [WBTC.b-USDC]