ADA

Alert: funding

Alert: spread

Funding you earn now, next payment 11:00 UTC−0.0273%/8h= −29.9% APRnext payment −$0.34 per $10,000 · paid last 24h −0.124%

Price spread now: Lighter against GMX+0.085%7-day average — · you sell dearer than you buy

to open and closeno order booka leg has no order-book sample

Long on GMX Short on Lighter

What this pair did over the last

the charts below follow

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

The price spread pays, funding is against you. Lighter is 0.085% dearer against GMX than usual: you sell high and buy low (spread +0.085% now, against zero (this spread has no 7-day history yet)): +$9 on $10k if it goes back. Holding the pair costs −$8 a day in funding at the current rate, which eats that in about 25 hours.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	GMX ADA/USD [WBTC.b-USDC]	0.2470	L +0.0369% / S −0.0295%	pay 0.0046% / 1h	54m 06s	$88K	—	100x
Short	Lighter ADA	0.2472	0.0096	get 0.0012% / 1h	54m 06s	$2.4M	$934K	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Lighter against GMX. 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 GMXbpFee LighterbpOrdersPrice spread, now +0.085%Rate

Funding earned: −$57.36
Price spread: +0.085% → 0.000%: $8.5
Slippage, 4 orders: no order book: not counted
Fee GMX: 6 bp × 2 orders: −$12
Fee Lighter: 0 bp × 2 orders: $0
Net: −$60.86
Costs to cover: 0.120%
Break-even: never at this rate

Slippage unknown: GMX: 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 GMX no order-book sample	—	—	—	—	—
Sell Lighter live order book, 6 min ago	2.62 bp	6.1 bp −$6	15.1 bp −$151	doesn't fit	doesn't fit

GMX: 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 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-USD	0.0000%	1h	0.2471	+0.025%	$206K	$5K	10x	as long as short
Kalshi KXADAPERP	0.0000%	8h	0.2472	+0.077%	$233K	$7.7M	3.2x	as long as short
gTrade (Gains Network) ADA/USD	L +0.0005% / S −0.0003%	1h	0.2470	+0.002%	$85K	—	150x	as long as short
Kraken Futures PF_ADAUSD	+0.0031%	1h	0.2472	+0.061%	$6.3M	$13.2M	50x	as long as short
Injective ADA/USDC PERP	+0.0033%	1h	0.2471	+0.036%	$849	$202K	12x	as long as short
Lighter ADAshort	+0.0096%	1h	0.2472	+0.085%	$2.4M	$934K	10x
Aster ADAUSDT	+0.0100%	8h	0.2472	+0.068%	$1.2M	$1.2M	75x	as long as short
Pacifica ADA	+0.0100%	1h	0.2472	+0.068%	$158K	$151K	10x	as long as short
Binance ADAUSDT	+0.0100%	8h	0.2471	+0.051%	$105.9M	$381.2M	75x	as long as short
Bybit ADAUSDT	+0.0100%	8h	0.2471	+0.036%	$74.4M	$121.5M	75x	as long as short

Show all 36 exchanges

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
OKX ADA-USDT-SWAP	+0.0100%	8h	0.2471	+0.036%	$32.7M	$108.0M	50x	as long as short
Gate ADA_USDT	+0.0100%	8h	0.2469	−0.045%	$101.7M	$59.7M	75x	as long as short
MEXC ADA_USDT	+0.0100%	8h	0.2471	+0.036%	$49.9M	$67.7M	300x	as long as short
KuCoin ADAUSDTM	+0.0100%	8h	0.2471	+0.032%	$29.6M	$15.3M	75x	as long as short
Bitget ADAUSDT	+0.0100%	8h	0.2471	+0.036%	$67.6M	$50.1M	75x	as long as short
BingX ADA-USDT	+0.0100%	8h	0.2471	+0.036%	—	$18.5M	—	as long as short
Backpack ADA_USDC_PERP	+0.0100%	1h	0.2472	+0.069%	$141K	$449K	15x	as long as short
Variational Omni ADA	+0.0100%	8h	0.2472	+0.072%	$4.2M	$1.1M	—	as long as short
edgeX ADAUSDC	+0.0100%	4h	0.2475	+0.179%	$66K	$289K	20x	as long as short
GRVT ADA_USDT_Perp	+0.0100%	8h	0.2478	+0.327%	$290K	$3.6M	10x	as long as short
ApeX Omni ADAUSDT	+0.0100%	1h	0.2478	+0.320%	$71K	$896K	50x	as long as short
Polymarket Perps ADA-USD	+0.0100%	1h	0.2471	+0.049%	$119K	$1.3M	10x	as long as short
Orderly PERP_ADA_USDC	+0.0100%	8h	0.2470	−0.004%	$6K	$4K	20x	as long as short
SunX ADA-USDT	+0.0100%	8h	0.2471	+0.035%	$8K	$672K	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	0.2471	+0.032%	$1.3M	$6.8M	75x	as long as short
Phemex ADAUSDT	+0.0100%	8h	0.2472	+0.077%	$47.7M	$7.5M	50x	as long as short
Paradex ADA-USD-PERP	+0.0101%	8h	0.2471	+0.027%	$20K	$589	20x	as long as short
Extended ADA-USD	+0.0104%	1h	0.2470	+0.003%	$545K	$1.7M	50x	as long as short
Hyperliquid ADA	+0.0115%	1h	0.2473	+0.138%	$44.1M	$17.4M	10x	as long as short
Deribit ADA_USDC-PERPETUAL	+0.0155%	1h	0.2472	+0.065%	$610K	$796K	50x	as long as short
Coinbase International ADA-PERP-INTX	+0.0176%	1h	0.2472	+0.077%	$404K	$8.0M	50x	as long as short
Phoenix ADA	+0.0192%	1h	0.2475	+0.215%	$3K	$104K	10x	as long as short
BloFin ADA-USDT	+0.0220%	8h	0.2474	+0.158%	$4.6M	$5.5M	75x	as long as short
Reya ADARUSDPERP	+0.0270%	1h	0.2471	+0.029%	$1K	—	15x	as long as short
GMX ADA/USD [WBTC.b-USDC]long	L +0.0369% / S −0.0295%	1h	0.2470	long leg	$88K	—	100x